WiGig Market 2025 - WiGig Market Growth And Industry Forecast

 

The Business Research Company's report on the WiGig Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.

What are the primary drivers fueling the growth of the wigig market in recent years?
Rising demand for high-speed internet is expected to propel the growth of the WiGig market going forward. High-speed internet refers to internet connections that provide faster download and upload speeds than traditional internet connections. The fifth generation of wireless technology, or 5G, is characterized by its high-speed internet capabilities and the ability to carry data faster than earlier generations, like 4G or LTE. WiGig is designed to offer high-speed internet connectivity and can double current wireless internet speeds up to 8 Gbps. It enables high-performance wireless data, display, and audio applications, enabling devices to communicate wirelessly at multi-gigabit speeds. For instance, in July 2023, according to the UK Parliament's House of Commons Library, a UK-based government administration, as of January 2023, 72% of premises in the UK had access to gigabit-capable broadband, up from 64% in January 2022 and significantly higher than 36% in January 2021. Therefore, the rising demand for high-speed internet is driving the growth of the WiGig market.

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What is the projected market size of the wigig industry, and how is it expected to grow?
The wigig market size has grown exponentially in recent years. It will grow from $5.05 billion in 2024 to $6.37 billion in 2025 at a compound annual growth rate (CAGR) of 26.3%. The growth in the historic period can be attributed to increased demand for high-speed wireless communication, growth in data traffic, the proliferation of smartphones and smart devices, expanding internet usage, and the development of multimedia applications

The wigig market size is expected to see exponential growth in the next few years. It will grow to $17.73 billion in 2029 at a compound annual growth rate (CAGR) of 29.1%. The growth in the forecast period can be attributed to 5g network deployment, increasing adoption of Internet of Things (IoT) devices, demand for high-performance wireless connectivity in automotive applications, expansion of smart city initiatives, and rising need for low-latency communication. Major trends in the forecast period include the development of advanced modulation techniques, increased focus on millimeter-wave communication, integration of WiGig in enterprise networking solutions, rising demand for WiGig in gaming and entertainment, and the emergence of new form factors and devices supporting WiGig.

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Who are the key players driving competition in the wigig market?
Major companies operating in the WiGig market include Samsung Electronics Co. Ltd., Microsoft Corporation, Dell Inc., Lenovo Group Ltd., Panasonic Corporation, Intel Corporation, Qualcomm Technologies Inc., Broadcom Inc., NXP Semiconductors N.V., Keysight Technologies Inc., Marvell Technology Inc., Teradyne Inc., Rohde & Schwarz GmbH & Co KG, Anritsu Corporation, Lattice Semiconductor Corporation, InterDigital Inc., AzureWave Technologies Inc., DisplayLink Corp., Siklu Communication Ltd., Peraso Technologies Inc., Blu Wireless Technology Limited, Sivers Semiconductors AB, Tensorcom Inc., Laird PLC, Movandi Corporation

What key trends are expected to drive the wi-fi chipset market during the forecast period?
Major companies operating in the WiGig market are focusing on developing innovative products that offer multi-gigabit per second wireless connectivity to enhance data transmission speeds. Multi-gigabit per second wireless connectivity refers to the capability of wireless networks to transmit data at speeds exceeding one gigabit per second, enabling faster data transfer for applications such as high-definition video streaming, online gaming, and large file transfers. For instance, in February 2022, Pharrowtech, a Belgium-based semiconductor manufacturing company, launched PTR1060 and PTM1060 (RFM) phased array antenna module. The PTR1060 is the world's first IEEE 802.11ay-compliant CMOS RF chip, and the PTM1060 is a phased array antenna module that enables high-speed, multi-gigabit wireless connectivity across the full 57 to 71 GHz bandwidth. These products streamline design processes and reduce costs, making them ideal for applications in Fixed Wireless Access, smart cities, and consumer electronics.

Which key geographies are driving the growth of the wigig market?
North America was the largest region in the WiGig market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the WiGig market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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WiGig Market Growth And Industry Forecast

What are the key segments driving growth in the wigig market?
The WiGig market covered in this report is segmented –

1) By Product: Display Devices, Network Infrastructure Devices
2) By Technology Type: System-On-Chip (SoC), Integrated Circuit Chip (IC)
3) By Enterprise Size: Large Enterprises, Small And Medium-sized Enterprises
4) By End Use Industry: BFSI (Banking, Financial Services, And Insurance), Healthcare, IT And Telecom, Retail, Media And Entertainment, Other End Use Industries

Subsegments:
1) By Display Devices: Wireless Monitors, Wireless Projectors, Virtual Reality Headsets
2) By Network Infrastructure Devices: Routers, Access Points, Adapters, Gateways

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WiGig Market Growth And Industry Forecast

What defines the structure and scope of the wigig market?
WiGig is a wireless technology that enables multi-gigabit-per-second rates from Wi-Fi devices by utilizing the unoccupied 60 GHz frequency range. It supports data-intensive activities, including streaming high-definition video, virtual reality, and wireless device docking. WiGig is ideal for bandwidth-demanding applications because it operates at multi-gigabit speeds and has low latency.

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