WiGig Market Trends, Share, Size, Growth, and Forecast 2024-2032

Global WiGig Market Research Report 2024-2032 – IMARC Group

The latest report by IMARC Group, titled “WiGig Market Report by Product (Networking Devices, Consumer Electronics), Protocol (802.11ac, 802.11ad), Technology Type (System-on-Chip (SoC), Integrated Circuit Chip (IC)), Enterprise Size (Small and Medium-sized Enterprises, Large Enterprises), End Use Industry (BFSI, Healthcare, IT and Telecom, Retail, Media and Entertainment, and Others), and Region 2024-2032,” offers a comprehensive analysis of the WiGig market report. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry. 

WiGig Market Size & Growth Projections:

• Estimated Market Size (2023): The global WiGig market size was estimated to be US$ 3.2 Billion in 2023.
• Global Market Forecast (2024-2032): IMARC Group expects the global WiGig market to reach US$ 12.0 Billion by 2032, exhibiting a growth rate (CAGR) of 15.36% during 2024-2032.

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WiGig Market Trends:

The increasing demand for high-speed wireless communication is driving adoption across various sectors. Moreover, the growing popularity of virtual reality and augmented reality applications has significantly contributed to the market's expansion. Furthermore, the rising use of WiGig technology in smart devices, such as smartphones and tablets, is enhancing connectivity capabilities. Additionally, the need for faster data transfer rates in sectors, such as healthcare, education, and entertainment are fostering market growth.

Besides, the adoption of WiGig in industrial automation and autonomous systems is also playing a critical role. Moreover, advancements in 5G technology are providing a complementary propel to WiGig adoption. Furthermore, the increasing penetration of IoT devices in various sectors is elevating demand for high-speed, low-latency communication networks, encouraging wider WiGig implementation.     

Leading Key Players Operating in the WiGig Industry:

• Blu Wireless
• Broadcom Inc.
• Cisco Systems Inc.
• Intel Corporation
• Marvell Technology Inc.
• NXP Semiconductors N.V.
• Panasonic Corporation
• Peraso Technologies Inc
• Qualcomm Technologies Inc
• Samsung Electronics Co. Ltd
• Sivers Semiconductors AB 
• Tensorcom Inc

WiGig Market Scope & Growth Analysis:

The market scope is broadening due to the integration of WiGig with 5G networks, which enhances communication capabilities in high-density environments. This integration is also driving innovation in fields like autonomous vehicles and connected cities. Additionally, the increasing use of WiGig in enterprise environments for secure, high-speed data transfer is expanding its application base. Another factor broadening the market scope is its growing role in healthcare, particularly in telemedicine, where fast and reliable data exchange is crucial.

Moreover, WiGig’s high-bandwidth capabilities are gaining attention in the entertainment industry, particularly for live streaming and content delivery. As businesses continue to digitalize and move towards cloud-based infrastructures, the demand for faster, more reliable wireless solutions, such as WiGig is rising. This trend underscores the growing importance of WiGig in facilitating seamless communication across various industries, thus expanding its market scope significantly.    

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WiGig Market Report Segmentation:

By Product:

• Networking Devices
• Consumer Electronics

By Protocol:

• 802.11ac
• 802.11ad

By Technology Type:

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

 By Enterprise Type:

• Small and Medium-sized Enterprises
• Large Enterprises

By End Use industry:

• BFSI
• Healthcare
• IT and Telecom
• Retail
• Media and Entertainment
• Others

Regional Insights:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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