WiGig Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of WiGig Market
The WiGig market size was valued at USD 19.71 billion in 2023, and the market is now projected to grow from USD 23.95 billion in 2024 to USD 112.12 billion by 2032, exhibiting a CAGR of 21.3% during the forecast period of 2024-2032.
The COVID-19 pandemic precipitated a sizeable shift towards Wi-Fi gigabit technologies, pushed via accelerated call for excessive-velocity internet gets right of entry to. To meet this surge in community necessities, the wireless industry hastily deployed Wi-Fi hotspots and services operating at better frequencies. Network operators strategically expanded broadband internet offerings, making sure sufficient ability to deal with the growing wide variety of customers, thereby facilitating far flung work, online gaining knowledge of, and other virtual sports at some point of the pandemic.
The increasing call for resilient and high-pace connectivity, pushed by using virtual transformation, fuels the increase of the marketplace. WiGig technology offers fast and low-latency connections, perfect for programs like video conferencing, 8K video streaming, gaming, and AR/VR experiences, making it a favored desire over other technology. This surge in usage reflects the developing want for seamless and dependable internet connectivity to satisfy various business wishes.
The trend of presidency agencies investing in clever metropolis initiatives is using market boom, with public Wi-Fi playing a pivotal function in achieving smart town targets consisting of IoT integration and virtual inclusion. These investments are fostering the deployment of wireless gigabit technology, allowing bendy connectivity for enterprise environments, where employees can paintings seamlessly throughout various gadgets without the constraint of wired connections.
Comprehensive Analysis of WiGig Market
The WiGig market growth is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by standard analysis, by application analysis and by end-user analysis. By standard analysis include, upsurge of smart devices, data and applications. By application analysis include networking infrastructure devices and display devices. By end-user analysis includes, retail and consumer goods, IT and telecommunications, healthcare, media and entertainment, aerospace and defense, and others.
The North America region lead WiGigmarket share by benefitting a market size of USD 6.90 billion in 2023 due to the presence of key players in the region adopting advanced technologies.
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Qualcomm Technologies, Inc. (U.S.), PERASO TECHNOLOGIES INC (U.S.), Cisco Systems, Inc. (U.S.), ASUSTeK Computer Inc. (Taiwan), TP-Link Corporation Limited (China), NETGEAR (U.S.), Lenovo (China), Ubiquiti Inc. (U.S.), Tensorcom, Inc. (U.S.), Marvell (U.S.), these market players provide a level-playing competitive landscape.
In August 2023, Move up Internet (MUI), an Australian ISP, collaborated with Meta (Facebook's parent) to deploy gigabit Internet service utilizing Meta's Terragraph tech and WiGig standard, covering the Sunshine Coast region.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 21.3% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Standard
802.11ad
802.11ay
By Application
Networking Infrastructure Devices
Display Devices
By End-Users
Retail and Consumer Goods
IT and Telecommunications
Media and Entertainment
Healthcare
Aerospace and Defense
Others (Automotive, Education)
By Region
North America (Standard, Application, End-User, and Country)
- U.S.
- Canada
- Mexico
South America (Standard, Application, End-Users, and Country)
- Brazil
- Argentina
- Rest of South America
Europe (Standard, Application, End-User, and Country)
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Benelux
- Nordics
- Rest of Europe
Middle East & Africa (Standard, Application,End-User, and Country)
- Turkey
- Israel
- GCC
- North Africa
- South Africa
- Rest of Middle East & Africa
Asia Pacific (Standard, Application,End-User, and Country)
- China
- India
- Japan
- South Korea
- ASEAN
- Oceania
- Rest of Asia Pacific
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. WiGig Key Players Market Share/Ranking, 2023
- 5. Global WiGig Market Size Estimates and Forecasts, By Segments, 2019-2032
- 5.1. Key Findings
- 5.2. By Standard (USD)
- 5.2.1. 802.11ad
- 5.2.2. 802.11ay
- 5.3. By Application (USD)
- 5.3.1. Networking Infrastructure Devices
- 5.3.2. Display Devices
- 5.4. By End-Users (USD)
- 5.4.1. Retail and Consumer Goods
- 5.4.2. IT and Telecommunications
- 5.4.3. Media and Entertainment
- 5.4.4. Healthcare
- 5.4.5. Aerospace and Defense
- 5.4.6. Others (Automotive, Education, etc.)
- 5.5. By Region (USD)
- 5.5.1. North America
- 5.5.2. South America
- 5.5.3. Europe
- 5.5.4. Middle East & Africa
- 5.5.5. Asia Pacific
- 6. North America WiGig Market Size Estimates and Forecasts, By Segments, 2019-2032
- 6.1. Key Findings
- 6.2. By Standard (USD)
- 6.2.1. 802.11ad
- 6.2.2. 802.11ay
- 6.3. By Application (USD)
- 6.3.1. Networking Infrastructure Devices
- 6.3.2. Display Devices
- 6.4. By End-Users (USD)
- 6.4.1. Retail and Consumer Goods
- 6.4.2. IT and Telecommunications
- 6.4.3. Media and Entertainment
- 6.4.4. Healthcare
- 6.4.5. Aerospace and Defense
- 6.4.6. Others (Automotive, Education, etc.)
- 6.5. By Country (USD)
- 6.5.1. United States
- 6.5.2. Canada
- 6.5.3. Mexico
- 7. South America WiGig Market Size Estimates and Forecasts, By Segments, 2019-2032
- 7.1. Key Findings
- 7.2. By Standard (USD)
- 7.2.1. 802.11ad
- 7.2.2. 802.11ay
- 7.3. By Application (USD)
- 7.3.1. Networking Infrastructure Devices
- 7.3.2. Display Devices
- 7.4. By End-Users (USD)
- 7.4.1. Retail and Consumer Goods
- 7.4.2. IT and Telecommunications
- 7.4.3. Media and Entertainment
- 7.4.4. Healthcare
- 7.4.5. Aerospace and Defense
- 7.4.6. Others (Automotive, Education, etc.)
- 7.5. By Country (USD)
- 7.5.1. Brazil
- 7.5.2. Argentina
- 7.5.3. Rest of South America
- 8. Europe WiGig Market Size Estimates and Forecasts, By Segments, 2019-2032
- 8.1. Key Findings
- 8.2. By Standard (USD)
- 8.2.1. 802.11ad
- 8.2.2. 802.11ay
- 8.3. By Application (USD)
- 8.3.1. Networking Infrastructure Devices
- 8.3.2. Display Devices
- 8.4. By End-Users (USD)
- 8.4.1. Retail and Consumer Goods
- 8.4.2. IT and Telecommunications
- 8.4.3. Media and Entertainment
- 8.4.4. Healthcare
- 8.4.5. Aerospace and Defense
- 8.4.6. Others (Automotive, Education, etc.)
- 8.5. By Country (USD)
- 8.5.1. United Kingdom
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Benelux
- 8.5.8. Nordics
- 8.5.9. Rest of Europe
- 9. Middle East & Africa WiGig Market Size Estimates and Forecasts, By Segments, 2019-2032
- 9.1. Key Findings
- 9.2. By Standard (USD)
- 9.2.1. 802.11ad
- 9.2.2. 802.11ay
- 9.3. By Application (USD)
- 9.3.1. Networking Infrastructure Devices
- 9.3.2. Display Devices
- 9.4. By End-Users (USD)
- 9.4.1. Retail and Consumer Goods
- 9.4.2. IT and Telecommunications
- 9.4.3. Media and Entertainment
- 9.4.4. Healthcare
- 9.4.5. Aerospace and Defense
- 9.4.6. Others (Automotive, Education, etc.)
- 9.5. By Country (USD)
- 9.5.1. Turkey
- 9.5.2. Israel
- 9.5.3. GCC
- 9.5.4. North Africa
- 9.5.5. South Africa
- 9.5.6. Rest of MEA
- 10. Asia Pacific WiGig Market Size Estimates and Forecasts, By Segments, 2019-2032
- 10.1. Key Findings
- 10.2. By Standard (USD)
- 10.2.1. 802.11ad
- 10.2.2. 802.11ay
- 10.3. By Application (USD)
- 10.3.1. Networking Infrastructure Devices
- 10.3.2. Display Devices
- 10.4. By End-Users (USD)
- 10.4.1. Retail and Consumer Goods
- 10.4.2. IT and Telecommunications
- 10.4.3. Media and Entertainment
- 10.4.4. Healthcare
- 10.4.5. Aerospace and Defense
- 10.4.6. Others (Automotive, Education, etc.)
- 10.5. By Country (USD)
- 10.5.1. China
- 10.5.2. India
- 10.5.3. Japan
- 10.5.4. South Korea
- 10.5.5. ASEAN
- 10.5.6. Oceania
- 10.5.7. Rest of Asia Pacific
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Qualcomm Technologies, Inc.
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. PERASO TECHNOLOGIES INC
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. Cisco Systems, Inc.
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. ASUSTeK Computer Inc.
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. TP-Link Corporation Limited
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. NETGEAR
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. Lenovo
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. Ubiquiti Inc.
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Tensorcom, Inc.
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. Marvell
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
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