The Surge In Demand For High-Speed Internet Propels WiGig Market Growth Emerges as a Core Driver of the WiGig Market in 2025

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What Is the Expected CAGR for the WiGig Market Through 2025?
The size of the wigig market has seen a significant surge in the past few years. The market, evaluated to be worth $5.05 billion in 2024, is predicted to escalate to $6.34 billion in 2025, boasting a compound annual growth rate (CAGR) of 25.7%. The historical growth can be credited to factors such as the rising need for speedy wireless communication, a surge in data traffic, an increase in smartphones and smart devices, growing internet utilization, and advancements in multimedia applications.

What's the Projected Size of the Global WiGig Market by 2029?
In the coming years, the wigig market size is poised to experience a substantial rise. By 2029, the market is projected to reach a value of $17.51 billion, driven by a compound annual growth rate (CAGR) of 28.9%. This anticipated expansion during the forecast period is primarily due to factors like the roll-out of 5G networks, amplified reliance on Internet of Things (IoT) gadgets, a surge in the necessity for high-performance wireless connectivity in the auto sector, widening of smart city plans, and an increasing requirement for immediate communication. The key trends for the forecast period encompass the creation of advanced modulation methods, amplifying emphasis on millimeter-wave communication, the amalgamation of WiGig in business networking solutions, escalating demand for WiGig in gaming and amusement, and the emergence of innovative devices and form factors that advocate WiGig.

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Top Growth Drivers in the WiGig Industry: What's Accelerating the Market?
The WiGig market is predicted to expand due to the increasing requirement for high-speed internet. High-speed internet is typified by faster upload and download speeds compared to traditional internet connections. The fifth-generation, also known as 5G wireless technology, is known for its superior internet speeds and greater data transmission rates compared to older generations like 4G or LTE. WiGig is engineered to provide high-speed internet connectivity and has the potential to double current wireless internet speeds up to 8 Gbps. It supports high-performing data, display, and audio applications, allowing multi-gigabit wireless communication between devices. As an example, in July 2023, the UK Parliament's House of Commons Library, a UK government organization, reported that as of January 2023, gigabit-capable broadband was accessible to 72% of premises in the UK, a rise from 64% in January 2022 and a dramatic surge from 36% in January 2021. Consequently, the growing necessity for high-speed internet is fueling the WiGig market's expansion.

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What Trends Will Shape the WiGig Market Through 2029 and Beyond?
A primary strategy among key players in the WiGig market involves innovating products that deliver multi-gigabit per second wireless connectivity, with the intention of increasing the speed of data transmission. The term multi-gigabit per second wireless connectivity refers to wireless networks' ability to move data surpassing one gigabit per second, thereby providing quicker data transfer for activities such as streaming high-definition video, online gaming, and transferring large files. For instance, Pharrowtech, a semiconductor manufacturing company based in Belgium, introduced the PTR1060 and PTM1060 (RFM) phased array antenna module in February 2022. Pharrowtech's PTR1060 represents the world's first CMOS RF chip compliant with IEEE 802.11ay, while the PTM1060 is a phased array antenna module that facilitates high-speed, multi-gigabit wireless connectivity across the entire 57 to 71 GHz bandwidth. These products simplify design procedures and lower costs, making them suitable for Fixed Wireless Access, smart cities, and consumer electronic applications.

What Are the Main Segments in the WiGig Market?
The wigigmarket 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 Top Companies are Driving Growth in the WiGig Market?
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

Which Regions Will Dominate the WiGig Market Through 2029?
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

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