Global Wireless Gigabit Market

Global Wireless Gigabit (WiGig) Market Size (2024 to 2029)

The wireless Gigabit market is predicted to reach USD 7.18 billion in 2024 and USD 29.75 billion in 2029, growing at a CAGR of 32.90% during the forecast period.

Wireless Gigabit (WiGig), or 60 GHz Wi-Fi, refers to 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 digitization trends, 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. 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 applications such as wireless docking stations, augmented reality/virtual reality (AR/VR), multimedia streaming, games, and networks.

Global Wireless Gigabit (WiGig) Market Drivers:

The increasing developments in innovative communication devices like highly advanced smartphones, tablets, ultra-books, and others are foreseen to create promising opportunities for developing 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 specific 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 ten times 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, 2.4 to 5 GHz frequencies are used in Wi-Fi products. This will require updating the wireless communication interfaces currently in use. With 5G technology set to be the most critical 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.

Global Wireless Gigabit (WiGig) Market Restraints:

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 cannibalizes the high-end market space. 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, such as 802.22ad or WiGig, are emerging, which aim to solve both short-range communication problems between devices.

Impact of Covid-19 on the global 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.

REPORT COVERAGE:

This research report on the global wireless gigabit market has been segmented and sub-segmented based on the type of products, application, and region.

Global Wireless Gigabit (WiGig) Market - By Types of Products:

• Communication Devices   
• Consumer Electronics        
• Digital Photos        
• Network Devices 

Global Wireless Gigabit (WiGig) Market - By Application:

• Wireless Docking Systems
• Wireless Display Systems
• Wireless Backup Via Timing Systems

Global Wireless Gigabit (WiGig) Market - By Region:

• North America
  • The United States
  • Canada
  • Rest of North America
• Europe
  • The United Kingdom
  • Spain
  • Germany
  • Italy
  • France
  • Rest of Europe
• The Asia Pacific
  • India
  • Japan
  • China
  • Australia
  • Singapore
  • Malaysia
  • South Korea
  • New Zealand
  • Southeast Asia
• Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of LATAM
• The Middle East and Africa
  • Saudi Arabia
  • UAE
  • Lebanon
  • Jordan
  • Cyprus

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 departments in developing countries will likely fuel the demand for technologically advanced products to enhance existing skills.

KEY MARKET PARTICIPANTS:

Companies playing a key role in the global  global WiGig market include 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.

RECENT HAPPENINGS IN THE MARKET:

• In 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.
• In January 2020, Fujikura Ltd started shipping 60 GHz mmWave wireless communication module samples that implement a high-gain phased array to offer advanced speed wireless communication in a frequency band of 60 GHz, in opposition to 4G, which uses a lower frequency than the 6 GHz band. Due to its high speed, this module can be used in various applications, including video streaming and VR / AR.