The global wireless gigabit (WiGig) market was valued at USD 1,700.5 million in 2022 and is expected to reach USD 6,236.9 billion by 2030, growing at a CAGR of 18.8% during 2022-2030. 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 2022 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 (2022 – 2030) 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 (2022 – 2030). 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 2022. 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 |
2018 – 2030 |
Historical Period |
2018 – 2022 |
Base Year |
2022 |
Forecast Period |
2022 – 2030 |
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 2018 – 2030
Product Insight and Forecast 2018 – 2030
End-User Insight and Forecast 2018 – 2030
Technology Insight and Forecast 2018 – 2030
Application Insight and Forecast 2018 – 2030
Industry Insight and Forecast 2018 – 2030
Geographical Segmentation
WiGig Market by Region
North America
Europe
Asia-Pacific (APAC)
Rest of the World (RoW)
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