5th Floor, Brigade Towers,
Financial District, Gachibowli,
Hyderabad - 500032,
The WiGig Market is segmented by Product (Display Devices and Network Infrastructure Devices), Application (Gaming and Multimedia, Networking, and Other Applications), and Geography.
Fastest Growing Market:
The WiGig market was valued at USD 1745 million in 2019, and it is expected to reach USD 5,229.1 million by 2025, recording a CAGR of 19.7% during the forecast period, 2020-2025. Tri-band router is driving the trend of running on three subnetworks, one each at 2.4 GHz, 5 GHz, and 60 GHz.
WiGig, also known as 60 GHz Wi-Fi, refers to a set of 60 GHz wireless network protocols. It enables high-performance wireless data, display, and audio applications. WiGig transfers data wirelessly on the 60 GHz frequency, unlike Wi-Fi 6 and other normal versions of Wi-Fi that use the 2.4 GHz or 5 GHz frequencies. The study covers the market based on product type and application in different sectors across the world.
|Network Infrastructure Devices|
|Gaming and Multimedia|
|Rest of the World|
Report scope can be customized per your requirements. Click here.
With the 5G technology expected to be the most significant next-generation cellular network technology in 2020, especially in the urban areas, the adoption of OTT (over-the-top) content is expected to increase.
Furthermore, with the latest OTT trends, streaming 4K video takes up to around 30 Mbps on internet bandwidth. In order to stream high-resolution videos, one must have at least double the currently available bandwidth, which is unusual for the consumer-grade internet connections. However, with the launch of 5G, the extra bandwidth is expected to make 4K and VR (virtual reality) streaming the defining features during the forecast period. The increased demand for high-resolution videos is expected to lead to the adoption of superior wireless networking standards, such as WiGig.
In the past, the technology companies, such as Wilocity and DisplayLink, demonstrated WiGig-enabled 4K graphics and videos at Intel's developers’ forum. Furthermore, wireless video streaming in the millimeter-wave range received a lot of attention in both the academic and industrial communities.
The 60 GHz frequency range offers numerous advantages. Moreover, the 7 GHz bandwidth (58-65 GHz) has been made available, which enables multi-Gbit/s high-definition (HD) video streaming in an uncompressed, or less compressed, manner.
To understand key trends, Download Sample Report
In recent years, there was increased emphasis on the high-speed internet and 5G network. China, Japan, Taiwan, India, and Australia, among other countries, are the major driving countries in the region for the same.
China has an established ecosystem for 5G, and it is expected to grow further during the forecast period. However, the 5G technology is likely to serve as a hotspot technology, along with the current mobile broadband, and register a gradual growth in the country.
Seeking growth opportunities, companies in the region are also looking forward to entering the market with their WiGig products. For instance, in January 2020, Fujikura, a Japan-based electrical equipment manufacturer, announced its plans to start shipping its sample for a 60 GHz millimeter-wave wireless communication module for application in gaming VR/AR, achieving a wireless communication at 2 Gbps. Additionally, in October 2019, Murata Manufacturing Co. Ltd announced its plan to develop an RF module for the Telegraph Project by Facebook.
Taiwan remains the leading country in the semiconductor foundry business. To some extent, Taiwan Semiconductor Manufacturing Co. remains the world’s largest foundry, and it recorded a revenue of up to USD 35 billion in 2018. Additionally, Taiwan is home to the world’s third-largest foundry, United Microelectronics Corp., and the sixth-largest company in the foundry, by sales, Powerchip Technology Corp. TSMC, UMC, and Powerchip together make Taiwan the largest market for this industry, closely followed by another emerging Asian giant in this space, China.
To understand geography trends, Download Sample Report.
The WiGig market is fragmented in nature, as the global players are competing to innovate the technology to remove the market challenges, which can hamper the current growth. The key players are Intel Corporation, Panasonic Corporation, and Qualcomm Technologies Inc., among others.
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growing Technological Advancements in the Communications Industry
5.1.2 Rising Adoption of High-resolution Videos
5.2 Market Restraints
5.2.1 Shorter Operating Range of WiGig Products
5.3 Assessment of Impact of Covid-19 on the Industry
6. TECHNOLOGY SNAPSHOT
7. MARKET SEGMENTATION
7.1.1 Display Devices
7.1.2 Network Infrastructure Devices
7.2.1 Gaming and Multimedia
7.2.3 Other Applications
7.3.1 North America
126.96.36.199 South Korea
7.3.4 Rest of the World
8. COMPETITIVE LANDSCAPE
8.1 Company Profiles
8.1.1 Panasonic Corporation
8.1.2 Qualcomm Technologies Inc.
8.1.3 Intel Corporation
8.1.4 Broadcom Inc.
8.1.5 Peraso Technologies Inc.
8.1.6 Blu Wireless Technology Limited
8.1.7 Tensorcom Inc.
8.1.8 Fujikura Ltd
8.1.9 Sivers Ima Holding AB
8.1.10 Cisco Systems Inc.
8.1.11 Dell Technologies Inc.
8.1.12 Lenovo Group Limited
8.1.13 HP Development Company LP
9. INVESTMENT ANALYSIS
10. FUTURE OF THE MARKET