Prominent WiGig Market Trend for 2025: Advancements in Multi-Gigabit Wireless Connectivity in the WiGig Market

What industry-specific factors are fueling the growth of the wigig market?
The proliferation of high-speed internet is set to fuel the expansion of the WiGig market in the times ahead. High-speed internet, offering speeds superior to conventional internet connections for downloading and uploading, is on the rise. 5G, the fifth iteration of wireless tech, boasts elevated internet speeds and carries data more swiftly compared to its predecessors, such as 4G or LTE. WiGig has been devised to provide top-notch internet connectivity and could potentially amp up current wireless internet rates up to 8 Gbps. Furthermore, it caters to wireless data, display and audio applications with high performance, allowing devices to interact wirelessly at multi-gigabit velocities. For instance, the UK Parliament's House of Commons Library reported in July 2023 that as of January 2023, the availability of gigabit-capable broadband had increased to 72% of UK premises, a hike from 64% in January 2022, and a substantial upswing from the 36% coverage in January 2021. Hence, the escalating demand for high-speed internet stands as a primary propellant for the WiGig market's growth.

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What Is the projected market size and growth rate for the wigig market?
There has been an unprecedented expansion in the size of the wigig market in current times. It is predicted to amplify from $5.05 billion in 2024 to $6.37 billion in 2025, with a compound annual growth rate (CAGR) of 26.3%. Factors like the escalating need for rapid wireless communication, rise in data traffic, the booming trend of smartphones and smart devices, the enlarging scope of internet utilization, and the invention of multimedia applications can be accredited to the growth observed in the historic period.

In the coming years, the wigig market size is predicted to undergo significant expansion, with an estimated value of $17.73 billion in 2029. This translates to a compound annual growth rate (CAGR) of 29.1%. The growth during the forecast period can be credited to the deployment of the 5g network, heightened use of Internet of Things (IoT) devices, the need for superior wireless connectivity in the automotive industry, the broadening of smart city initiatives, and a growing requirement for low-latency communication. Some of the notable trends within this period comprise the creation of sophisticated modulation strategies, an intensified emphasis on millimeter-wave communication, the incorporation of WiGig in enterprise networking solutions, a surge in demand for WiGig in the gaming and entertainment sector, and the introduction of new devices and form factors supporting WiGig.

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What new trends are reshaping the wigig market and its opportunities?
Key players in the WiGig market are concentrating their efforts on introducing cutting-edge products that offer wireless connectivity of multiple gigabits per second, thus boosting the speed of data transmission. The term refers to the ability of wireless networks to facilitate data transfer at rates surpassing one gigabit per second. This capacity ensures quicker transmission for uses such as streaming high-definition videos, playing online games, and transferring large files. For example, in February 2022, Pharrowtech, a semiconductor manufacturer based in Belgium, unveiled its PTR1060 and PTM1060 (RFM) phased array antenna module. The PTR1060 is the first-ever RF chip that complies with IEEE 802.11ay, while the PTM1060 is a phased array antenna module that drives high-speed, multi-gigabit wireless connectivity throughout the complete 57 to 71 GHz bandwidth. These products simplify design procedures and lower costs, making them suitable for use in Fixed Wireless Access, smart cities, and consumer electronics.

What major market segments define the scope and growth of the wigig market?
The WiGig market covered in this report is segmented -

1) By Product: Display Devices, Network Infrastructure Devices
2) By Technology Type: System-On-Chip (SoC), Integrated Circuit Chip (IC)
3) By Enterprise Size: Large Enterprises, Small And Medium-sized Enterprises
4) By End Use Industry: BFSI (Banking, Financial Services, And Insurance), Healthcare, IT And Telecom, Retail, Media And Entertainment, Other End Use Industries

Subsegments:
1) By Display Devices: Wireless Monitors, Wireless Projectors, Virtual Reality Headsets
2) By Network Infrastructure Devices: Routers, Access Points, Adapters, Gateways

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Which region dominates the wigig market?
North America was the largest region in the WiGig market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the WiGig market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Which key market leaders are driving the wigig industry growth?
Major companies operating in the WiGig market include Samsung Electronics Co. Ltd., Microsoft Corporation, Dell Inc., Lenovo Group Ltd., Panasonic Corporation, Intel Corporation, Qualcomm Technologies Inc., Broadcom Inc., NXP Semiconductors N.V., Keysight Technologies Inc., Marvell Technology Inc., Teradyne Inc., Rohde & Schwarz GmbH & Co KG, Anritsu Corporation, Lattice Semiconductor Corporation, InterDigital Inc., AzureWave Technologies Inc., DisplayLink Corp., Siklu Communication Ltd., Peraso Technologies Inc., Blu Wireless Technology Limited, Sivers Semiconductors AB, Tensorcom Inc., Laird PLC, Movandi Corporation

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What Is Covered In The WiGig Global Market Report?

• Market Size Forecast: Examine the wigig market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the wigig market for a structured understanding.
• Key Players Overview: Analyze major players in the wigig market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the wigig market.
• Segment Contributions: Evaluate how different segments drive overall growth in the wigig market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the wigig market.
• Industry Challenges: Identify potential risks and obstacles affecting the wigig market.
• Competitive Landscape: Review strategic developments in the wigig market, including expansions, agreements, and new product launches.

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