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Pulished Date April, 2021
ID: 10233
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Global Wireless Gigabit (WiGig) Market Segmentation By Product Type (Communication Devices, Consumer Electronics, Digital Photos and Network Devices), Application (Wireless Docking Systems, Wireless Display Systems, and Wireless Backup Via Timing Systems) - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2021 - 2026

Pulished: April, 2021
ID: 10233
Pages: 150

Global Wireless Gigabit (WiGig) Market Size (2020-2025)

Global wireless Gigabit market is predicted to expand from $ 2.30 billion in 2020 to $ 3.73 billion in 2025, with a CAGR of 32.9% over the conjecture period between 2020 and 2025.

Wireless Gigabit (WiGig), also known as 60 GHz Wi-Fi, refers to a set of 60 GHz wireless network protocols. It allows high performance wireless data, video and audio applications. WiGig transfers information on the frequency of 60 GHz, unlike Wi-Fi of various frequencies.

Due to the increasing trends of digitization, Wireless Gigabit or WiGig is among the novel innovations. WiGig is an advanced step in wireless technology that operates on a wireless platform at a bandwidth of 60Hz or higher. It is designed to enable faster communication and fast data transmission. It has a much higher data transfer rate than Wi-Fi.

Currently, one of the issues with popular wireless standards is that they have very limited bandwidth (e.g. Bluetooth) or are prone to inconsistent performance due to interference and congestion (e.g. Wi-Fi). However, new standards are emerging, such as 802.22ad or WiGig, which aim to solve both short-range communication problems between devices.

To complement the Wi-Fi Certified ac enhancements, the Wi-Fi Alliance has introduced Wi-Fi Certified WiGig to accelerate the commercial availability of WiGig devices. It operates in the less congested 60 GHz frequency band, enabling extremely high performance, multi-gigabit connectivity, and low latency for a variety of applications such as wireless docking station, augmented reality/virtual reality (AR/VR), multimedia streaming, games and networks.

Recent Developments:

  • February 2020: Sivers IMA announced the launch of the new 5G mmWave Dual Quad Beamformer integrated circuits, in collaboration with Ampleon. They include two quad antenna connections with Rx or Tx channels and built-in RF switches. This solution supports both vertical and horizontal MIMO polarization.
  • January 2020: Fujikura Ltd started shipping 60 GHz mmWave wireless communication module samples that implements a high-gain phased array to offer advanced speed wireless communication in a frequency band of 60 GHz, by opposition to 4G which uses a lower frequency than the 6 GHz band. This module can be used in various applications, including video streaming and VR / AR, due to its high speed.

Impact of Covid-19 on Wireless Gigabit Market:

Due to the COVID-19 outbreak in several Asia-Pacific countries, most of the functions of these providers have been disrupted. This halted the manufacturing operations of these companies and affected the global supply network, negatively affecting the market. The market is not expected to grow until countries recover from the COVID-19 pandemic.

Market Growth and Trends:

Growing Adoption of High-Resolution Videos to Drastically Drive the Market

With 5G technology set to be the most important next-generation cellular network technology in 2020, especially in urban areas, the adoption of OTT (over-the-top) content is expected to increase.

Additionally, with the latest OTT trends, 4K video streaming requires around 30Mbps of internet bandwidth. To stream high-resolution video, you need at least twice the available bandwidth, which is unusual for consumer Internet connections. However, with the launch of 5G, the additional bandwidth is expected to make 4K streaming and virtual reality (virtual reality) the defining features during the forecast period. The growing demand for high resolution video is expected to lead to the adoption of higher standards for wireless networks, like WiGig.

Drivers and Market Restraints:

The increasing developments in the innovative communication devices like highly advanced smartphones, tablets, ultra-books and others are foreseen to create promising opportunities for the development of the global WiGig market during the forecast period. These devices require instant synchronization and data sharing, making WiGig highly compatible.

The WiGig market is in an early stage. Today, this market is driven by certain influences, such as rapid technological innovation in communications and the need for more secure communications. WiGig is foreseen to revolutionize with a new trend in communications and it is determined to develop at more than 10 times than the current Wi-Fi systems.

The main brake on the WiGig market is technological limitation. The current WiGig market is estimated to operate at frequencies above 60 Hz; Currently, the 2.4 to 5 GHz frequencies are used in current Wi-Fi products. This will require updating the wireless communication interfaces currently in use.

On the other hand, technological limitations may hamper the growth of the WiGig market in the coming years. One of the main challenges facing the WiGig market is the high internal replacement frequency that creates a cannibalization of the high-end market space.

Market Segmentation:

The global WiGig market can be segmented based on the types of products and the applications. WiGig-compatible products can be classified as communication devices like mobile phones, computers, docking stations, tablets and others, consumer electronic devices like televisions and home appliances, digital photos and network devices.

Based on the applications, the WiGig market is classified as wireless docking systems, wireless display systems, and wireless backup via timing systems.

Regional Analysis:

Asia-Pacific is likely to occupy a leading position in the global wireless gigabit (WiGig) market due to higher revenue share in the past. The trend is also determined to expand during the conjecture period. The growth rate is attributed to the increasing production of Ethernet routers and switches in emerging economies in the region, including China, Japan and India.

Furthermore, increased IT spending and budget allocations for the department in developing countries are likely to fuel the demand for technologically advanced products to enhance existing skills.

Key market players:

Currently, the main players in the global WiGig market are Nitero, Wilocity, Blu Wireless Technology, Cisco, Nvidia and NEC Corporation. Since this technology is in its introduction phase, national players do not have much to play. Other players in the international market are Silicon Image, Qualcomm Atheros, Azurewave, Broadcom, etc.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Wireless Gigabit (Wigig) Market, By Product Type                     

                                6.1.1 Communication Devices    

                                6.1.2 Consumer Electronics         

                                6.1.3 Digital Photos         

                                6.1.4 Network Devices  

                                6.1.5 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.6 Y-o-Y Growth Rate Analysis             

                                6.1.7 Market Attractiveness Index          

                6.2 Wireless Gigabit (Wigig) Market, By Application                         

                                6.2.1 Wireless Docking Systems

                                6.2.2 Wireless Display Systems  

                                6.2.3 Wireless Backup Via Timing Systems            

                                6.2.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.5 Y-o-Y Growth Rate Analysis             

                                6.2.6 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Product Type   

                                7.2.3 By Application        

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Product Type   

                                7.3.3 By Application        

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Product Type   

                                7.4.3 By Application        

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Product Type   

                                7.5.3 By Application        

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Product Type   

                                7.6.3 By Application        

8. Key Player Analysis                                    

                8.1 Nitero                           

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Wilocity                        

                8.3 Blu Wireless Technology                       

                8.4 Cisco                              

                8.5 Nvidia                           

                8.6 NEC Corporation                      

                8.7 Silicon Image                              

                8.8 Qualcomm Atheros                 

                8.9 Broadcom                   

                8.10 Azurewave                               

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Product Type, Application along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.

Global Wireless Gigabit (WiGig) Market Size (2020-2025)

Global wireless Gigabit market is predicted to expand from $ 2.30 billion in 2020 to $ 3.73 billion in 2025, with a CAGR of 32.9% over the conjecture period between 2020 and 2025.

Wireless Gigabit (WiGig), also known as 60 GHz Wi-Fi, refers to a set of 60 GHz wireless network protocols. It allows high performance wireless data, video and audio applications. WiGig transfers information on the frequency of 60 GHz, unlike Wi-Fi of various frequencies.

Due to the increasing trends of digitization, Wireless Gigabit or WiGig is among the novel innovations. WiGig is an advanced step in wireless technology that operates on a wireless platform at a bandwidth of 60Hz or higher. It is designed to enable faster communication and fast data transmission. It has a much higher data transfer rate than Wi-Fi.

Currently, one of the issues with popular wireless standards is that they have very limited bandwidth (e.g. Bluetooth) or are prone to inconsistent performance due to interference and congestion (e.g. Wi-Fi). However, new standards are emerging, such as 802.22ad or WiGig, which aim to solve both short-range communication problems between devices.

To complement the Wi-Fi Certified ac enhancements, the Wi-Fi Alliance has introduced Wi-Fi Certified WiGig to accelerate the commercial availability of WiGig devices. It operates in the less congested 60 GHz frequency band, enabling extremely high performance, multi-gigabit connectivity, and low latency for a variety of applications such as wireless docking station, augmented reality/virtual reality (AR/VR), multimedia streaming, games and networks.

Recent Developments:

  • February 2020: Sivers IMA announced the launch of the new 5G mmWave Dual Quad Beamformer integrated circuits, in collaboration with Ampleon. They include two quad antenna connections with Rx or Tx channels and built-in RF switches. This solution supports both vertical and horizontal MIMO polarization.
  • January 2020: Fujikura Ltd started shipping 60 GHz mmWave wireless communication module samples that implements a high-gain phased array to offer advanced speed wireless communication in a frequency band of 60 GHz, by opposition to 4G which uses a lower frequency than the 6 GHz band. This module can be used in various applications, including video streaming and VR / AR, due to its high speed.

Impact of Covid-19 on Wireless Gigabit Market:

Due to the COVID-19 outbreak in several Asia-Pacific countries, most of the functions of these providers have been disrupted. This halted the manufacturing operations of these companies and affected the global supply network, negatively affecting the market. The market is not expected to grow until countries recover from the COVID-19 pandemic.

Market Growth and Trends:

Growing Adoption of High-Resolution Videos to Drastically Drive the Market

With 5G technology set to be the most important next-generation cellular network technology in 2020, especially in urban areas, the adoption of OTT (over-the-top) content is expected to increase.

Additionally, with the latest OTT trends, 4K video streaming requires around 30Mbps of internet bandwidth. To stream high-resolution video, you need at least twice the available bandwidth, which is unusual for consumer Internet connections. However, with the launch of 5G, the additional bandwidth is expected to make 4K streaming and virtual reality (virtual reality) the defining features during the forecast period. The growing demand for high resolution video is expected to lead to the adoption of higher standards for wireless networks, like WiGig.

Drivers and Market Restraints:

The increasing developments in the innovative communication devices like highly advanced smartphones, tablets, ultra-books and others are foreseen to create promising opportunities for the development of the global WiGig market during the forecast period. These devices require instant synchronization and data sharing, making WiGig highly compatible.

The WiGig market is in an early stage. Today, this market is driven by certain influences, such as rapid technological innovation in communications and the need for more secure communications. WiGig is foreseen to revolutionize with a new trend in communications and it is determined to develop at more than 10 times than the current Wi-Fi systems.

The main brake on the WiGig market is technological limitation. The current WiGig market is estimated to operate at frequencies above 60 Hz; Currently, the 2.4 to 5 GHz frequencies are used in current Wi-Fi products. This will require updating the wireless communication interfaces currently in use.

On the other hand, technological limitations may hamper the growth of the WiGig market in the coming years. One of the main challenges facing the WiGig market is the high internal replacement frequency that creates a cannibalization of the high-end market space.

Market Segmentation:

The global WiGig market can be segmented based on the types of products and the applications. WiGig-compatible products can be classified as communication devices like mobile phones, computers, docking stations, tablets and others, consumer electronic devices like televisions and home appliances, digital photos and network devices.

Based on the applications, the WiGig market is classified as wireless docking systems, wireless display systems, and wireless backup via timing systems.

Regional Analysis:

Asia-Pacific is likely to occupy a leading position in the global wireless gigabit (WiGig) market due to higher revenue share in the past. The trend is also determined to expand during the conjecture period. The growth rate is attributed to the increasing production of Ethernet routers and switches in emerging economies in the region, including China, Japan and India.

Furthermore, increased IT spending and budget allocations for the department in developing countries are likely to fuel the demand for technologically advanced products to enhance existing skills.

Key market players:

Currently, the main players in the global WiGig market are Nitero, Wilocity, Blu Wireless Technology, Cisco, Nvidia and NEC Corporation. Since this technology is in its introduction phase, national players do not have much to play. Other players in the international market are Silicon Image, Qualcomm Atheros, Azurewave, Broadcom, etc.

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