WiGig Market By Product (Display Devices, Network Infrastructure Devices), By Type (802.11ad, 802.11ay), By Technology (Integrated Circuit Chips (IC), System-on-Chip (SoC)), By   End User (Networking, Consumer Electronics, Commercial): Global Opportunity

WiGig Market By Product (Display Devices, Network Infrastructure Devices), By Type (802.11ad, 802.11ay), By Technology (Integrated Circuit Chips (IC), System-on-Chip (SoC)), By   End User (Networking, Consumer Electronics, Commercial): Global Opportunity Analysis and Industry Forecast, 2023-2032

The WiGig market was valued for $22.83 million in 2022 and is estimated to reach $278.11 million by 2032, exhibiting a CAGR of 28.7% from 2023 to 2032. The industrial segment emphasized on the development, production, and application of wireless communication technologies that provide multi-gigabit increases is known as the wireless gigabit (WiGig) market. It includes a variety of goods and services that make high-speed wireless connectivity possible for a range of uses, such as virtual reality, data transfer, and streaming multimedia. WiGig, which operates in the unlicensed 60 GHz frequency range, offers a seamless communication and data transmission option between devices without requiring physical wires, making it an effective replacement for conventional wired connections. Moreover, the development of WiGig-enabled gadgets, including smartphones, laptops, tablets, and smart home appliances, is mostly the responsibility of device manufacturers in this industry. WiGig technology is included in these products, giving consumers improved connectivity and quicker wireless rates. Providers of network equipment are also important stakeholders since they create and implement the infrastructure needed to enable WiGig communication. It comprises networking equipment such as routers, access points, and  other devices that allow for fast wireless connections in public areas, offices, and households. Furthermore, the WiGig market is anticipated to witness substantial advancements and innovation as the need for faster and more effective wireless communication grows. In order to satisfy the changing needs of both businesses and consumers, companies in this industry are always seeking to improve the WiGig technology's performance, dependability, and range. The WiGig market is positioned for further expansion and integration into numerous sectors due to the continuous development of Internet of Things (IoT) devices and the growing usage of technologies like virtual reality and augmented reality.

Surge in increasing adoption of data intensive apps and growing advancement in wireless technologies primarily drive the growth of the WiGig market. However, rising costs for chipset manufacture and spectrum congestion hamper market growth to some extent. Moreover, advancement of 5G expected to provide lucrative opportunities for market growth during the forecast period.

The WiGig market is segmented on the basis of product, type, technology, end user, and region. On the basis of product, it is categorized into network infrastructure devices and display devices. On the basis of type, it is bifurcated into 802.11ad and 802.11ay. On the basis of technology, it is divided into system-on-Chip (SoC) and integrated circuit chip (IC). On the basis of end user, it is fragmented into networking, consumer electronics and commercial. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.  

On the basis of technology, integrated circuit chip segment dominated the WiGig market in 2022 and is expected to several gadgets, including laptops, tablets, smartphones, Internet of Things devices, and networking equipment use wireless gigabit SoCs propels the market growth significantly. However, the system-on-chip segment is expected to witness the highest growth, owing to facilitating data-intensive applications like online gaming, high-definition video streaming, and cloud-based services.

The key players operating in the market include Intel Corporation, Advanced Micro Devices, Inc., Broadcom, Qualcomm Technologies, Inc., Panasonic Corporation, NEC CORPORATION, NVIDIA Corporation, MediaTek Inc., SAMSUNG and NXP semiconductors. Furthermore, it highlights the strategies of the key players to improve the market share and sustain competition.

The report focuses on growth prospects, restraints, and analysis of the WiGig trend. The study provides Porter’s five forces analysis to understand the impact of numerous factors, such as the bargaining power of suppliers, the competitive intensity of competitors, the threat of new entrants, the threat of substitutes, and the bargaining power of buyers on the WiGig market share.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the wigig market analysis from 2022 to 2032 to identify the prevailing wigig market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the wigig market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market. 
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global wigig market trends, key players, market segments, application areas, and market growth strategie.

Key Market Segments

By Product

Display Devices
Network Infrastructure Devices

By Type

802.11ad
802.11ay

By Technology

Integrated Circuit Chips (IC)
System-on-Chip (SoC)

By   End User

Networking
Consumer Electronics
Commercial

By Region

North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

Key Market Players

Intel Corporation
Advanced Micro Devices, Inc.
Broadcom
Qualcomm Technologies, Inc. 
Panasonic Corporation
NEC CORPORATION
NVIDIA Corporation
MediaTek Inc.
SAMSUNG
NXP semiconductors

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