Global Wireless Gigabit (WiGig) Market was Valued at USD 1,652.5 million in 2019 and is Expected to Reach USD 5,236.9 million by 2025, Observing a CAGR of 20.9% during 2020–2025

Published Date: Apr, 2020

The global wireless gigabit (WiGig) market was valued at USD 1,652.5 million in 2019 and is expected to reach USD 5,236.9 million by 2025, growing at a CAGR of 20.9% during 2020-2025. The major growth opportunity for the global WiGig market is the introduction of sophisticated devices such as highly advanced smartphones, tablets, and ultrabooks, etc. All these devices need immediate synchronization, along with the data sharing facilities. At present, only WiGig has the potential to meet these needs. 

The system on chips (SoCs) segment held a larger market share in 2019 in the global WiGig market

On the basis of technology, the global WiGig market can be categorized into system on chips (SoCs) and integrated circuits (ICs). Between these, SoCs held a larger market share in 2019, due to the growing smartphone penetration in countries such as India and China. This has turned to be an opportunity for semiconductor players to partnership into the smartphone system on chips market, as WiGig can be integrated on the SoC chipset to enable faster internet services on a smartphone.

Further, system on chips (SoCs) market is subdivided into smartphone SoCs, tablet SoCs, adapter SoCs, wireless backhaul SoCs.

Further, integrated circuits (ICs) market is subdivided into laptop ICs, television ICs.

The healthcare category is expected to register the fastest growth during the forecast period (2020 – 2025) in the global WiGig market

Based on industry, the global WiGig market can be segmented into BFSI, retail, government, healthcare, it & telecom, residential, and others. Of all, healthcare category is expected to register the fastest growth during the forecast period (2020 – 2025). This is owing to the use of WiGig solutions in most complex applications such as cardiac and radiology imaging, handheld scanners and telemedicine.

Global WiGig Market Segmentation Analysis

Segment

Categorization

Leading Category

Type

802.11ac, 802.11ad

802.11ac (Larger)

802.11ad (Faster)

Product

Consumer Electronics, Networking Devices

Consumer Electronics (Largest and Fastest)

End User

Large Enterprises, Small & Medium Businesses [SMB], Residential Areas

Large Enterprises (Largest)

SMB (Fastest)

Technology

System on Chips (Smartphone SoCs, Tablet SoCs, Adapter SoCs, Wireless Backhaul SoCs), Integrated Circuits (Laptop ICs, Television ICs)

System on Chips (Larger and Faster)

Application

Docking Stations, HDMI Streaming Devices, Others

Docking Stations (Largest and Fastest)

Industry

BFSI, Retail, Government, Healthcare, IT & Telecom, Residential, Others

IT & Telecom (Largest)

Healthcare (Fastest)

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America (Largest)

Asia-Pacific (Fastest)

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Geography Insight

Geographically, North America was the largest WiGig market in 2019. This is owing to the rising adoption of various wireless communication standards, along with an increasing presence of large companies operating in the semiconductor sector in this region.

The Asia-Pacific WiGig market is projected to witness fastest growth in the global WiGig market during the forecast period, owing to the presence of a dominant number of WiGig producers in this region. The rising acceptance of the third-party platforms by various types of enterprises, coupled with favorable government initiatives are further projected to drive the growth of the Asia-Pacific WiGig Market in the coming years.

Competitive Insight

Some of the key players operating in the global WiGig market are Qualcomm, Intel Corporation, Panasonic Corporation, Broadcom Corporation, NEC Corporation, MediaTek, Marvell Technology, Nvidia Corporation, Azurewave Technologies, Inc., and Cisco Systems.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015 – 2025

Historical Period

2015 – 2019

Base Year

2019

Forecast Period

2020 – 2025

Segments Covered in the Study

Type, Product, End User, Technology, Application, Industry, and Region

Geographies Covered in the Study

North America (U.S., Canada), Europe (Germany, U.K., France, Russia), Asia-Pacific (China, Japan, India, Australia, Singapore), and Rest of the World (Brazil, Turkey, South Africa, U.A.E.)

Companies Covered in the Study

Qualcomm, Intel Corporation, Panasonic Corporation, Broadcom Corporation, NEC Corporation, MediaTek, Marvell Technology, Nvidia Corporation, Azurewave Technologies, Inc., and Cisco Systems

Global WiGig Market Coverage

Type Insight and Forecast 2015 – 2025

  • 802.11ac
  • 802.11ad

Product Insight and Forecast 2015 – 2025

  • Consumer Electronics
  • Networking Devices

End-User Insight and Forecast 2015 – 2025

  • Large Enterprises
  • Small & Medium Businesses (SMB)
  • Residential Areas

Technology Insight and Forecast 2015 – 2025

  • System on Chips (SoCs)
    • Smartphone SoCs
    • Tablet SoCs
    • Adapter SoCs
    • Wireless backhaul SoCs
  • Integrated Circuits (ICs)
    • Laptop ICs
    • Television ICs

Application Insight and Forecast 2015 – 2025

  • Docking Stations
  • HDMI Streaming Devices
  • Others

Industry Insight and Forecast 2015 – 2025

  • Banking, Financial Services, & Insurance (BFSI)
  • Retail
  • Government
  • Healthcare
  • Information Technology & Telecommunications (IT & Telecom)
  • Residential
  • Others

Geographical Segmentation

WiGig Market by Region

North America

  • By Type
  • By Product
  • By End User
  • By Technology
  • By Application
  • By Industry
  • By Country – U.S., and Canada

Europe

  • By Type
  • By Product
  • By End User
  • By Technology
  • By Application
  • By Industry
  • By Country – Germany, U.K., France, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Type
  • By Product
  • By End User
  • By Technology
  • By Application
  • By Industry
  • By Country – China, Japan, India, Australia, Singapore, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Type
  • By Product
  • By End User
  • By Technology
  • By Application
  • By Industry
  • By Country – Brazil, Turkey, South Africa, U.A.E., and Other Countries

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Global Wireless Gigabit (WiGig) Market was Valued at USD 1,652.5 million in 2019 and is Expected to Reach USD 5,236.9 million by 2025, Observing a CAGR of 20.9% during 2020–2025