North America WiGig Market Size

North America WiGig Market Analysis

The North America WiGig Market size is estimated at USD 1.32 billion in 2024, and is expected to reach USD 3.58 billion by 2029, growing at a CAGR of 17.78% during the forecast period (2024-2029).

• The WiGig market is primarily driven by the increasing demand for high-speed, data-intensive connections in various applications such as virtual reality, multimedia streaming, gaming, wireless docking, and enterprise applications in the North American region.
• The high internet penetration, along with large smartphone users in the region driven by the United States and Canada, is expected to drive the demand for Wi-Fi with high speed in gigabytes using WiGig. North America is quickly migrating toward multi-gigabit, residential internet access, primarily using fiber to the home. The economic feasibility of extracting more bandwidth from existing networks using DOCSIS 3.1 is trending with the real opportunity of wireless and speed, by which the demand for WiGig is increasing in this region.​
• The quality of consumers' experience is also improving as a result of technological progress. The WiGig market is expected to grow further as demand for ultrahigh definition videos, films, and video-on-demand services increases. Virtual Reality and Augmented Reality in gaming are also expected to boost the growth of this market.
• The advent of the Internet of Things, i.e., IoT and machine communication MTC, has led to exponentially growing mobile traffic in recent years.
• The disadvantage associated with Wi-Fi is that this technology has a limited range compared with the current use of Wi-Fi. The use of the 60GHz spectrum for WiGig means that a signal cannot be transmitted to walls, although it is effective in small and targeted areas. It is necessary to use multiple access points in order to remedy the lack of range available for WiGig connections in densely populated areas, but this also means that each Access Point should function on an individual basis with a view to preventing network traffic.
• With the outbreak of the COVID-19 pandemic in various countries of the North American region, the majority of these vendors' functions are disrupted. This halted the manufacturing operations of these companies and affected the global supply network, which negatively impacted the market. Moreover, the work-from-home policies during the pandemic positively influenced the demand for WiGig for network requirements in various devices such as mobile phones, laptops, tablets, desktops, etc.