WiGig Market Size 2022-2031 with Top Countries Data, Industry Share, Growth, Value and Analysis by Top Key Players

The WiGig market was valued at USD 1745 million in 2022, and it is expected to reach USD 5,229.1 million by 2031, recording a CAGR of 19.7% during the forecast period. Tri-band router is driving the trend of running on three subnetworks, one each at 2.4 GHz, 5 GHz, and 60 GHz.

– Currently, one of the issues with the popular wireless standards is that they either have very limited bandwidth (e.g., Bluetooth), or they are subject to inconsistent performance due to interference and congestion (e.g., Wi-Fi). However, newer standards are emerging, such as 802.22ad or WiGig, which aim to solve both the problems for short-range communication between devices. ​
– In order to complement the enhancements to Wi-Fi Certified ac, Wi-Fi Alliance introduced Wi-Fi Certified WiGigig to accelerate the commercial availability of WiGig devices. WiGig operates in the less-crowded 60 GHz frequency band, which enables extremely high-performance, multi-gigabit connectivity, and low latency for a range of applications, such as wireless docking, augmented reality/virtual reality (AR/VR), multimedia streaming, gaming, and networking.
– Many countries have assigned a 7 GHz or more spectrum in the 60 GHz band, which is either unlicensed (like the present Wi-Fi at 2.4 GHz) or lightly licensed. For example, in the United Kingdom and the United States, the 57-64 GHz band is exempt from licenses. The 64-66 GHz band is lightly licensed in the United Kingdom, which means that the users should notify the regulator where and when they use the frequency, although there is no fee for using it. ​
– Due to the outbreak of COVID-19 in various countries in Asia-Pacific, a majority of these vendors’ functions have been disrupted. This halted the manufacturing operations of these companies and affected the global supply network, which negatively impacted the market. The market is not expected to witness growth until the countries recover from the outbreak of COVID-19.

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Key Market Trends

Rising Adoption of High-resolution Videos to Significantly Drive the Market

With the 5G technology expected to be the most significant next-generation cellular network technology in 2020, especially in the urban areas, the adoption of OTT (over-the-top) content is expected to increase. ​

Furthermore, with the latest OTT trends, streaming 4K video takes up to around 30 Mbps on internet bandwidth. In order to stream high-resolution videos, one must have at least double the currently available bandwidth, which is unusual for the consumer-grade internet connections. However, with the launch of 5G, the extra bandwidth is expected to make 4K and VR (virtual reality) streaming the defining features during the forecast period. The increased demand for high-resolution videos is expected to lead to the adoption of superior wireless networking standards, such as WiGig. ​

In the past, the technology companies, such as Wilocity and DisplayLink, demonstrated WiGig-enabled 4K graphics and videos at Intel’s developers’ forum. Furthermore, wireless video streaming in the millimeter-wave range received a lot of attention in both the academic and industrial communities. ​

The 60 GHz frequency range offers numerous advantages. Moreover, the 7 GHz bandwidth (58-65 GHz) has been made available, which enables multi-Gbit/s high-definition (HD) video streaming in an uncompressed, or less compressed, manner.

Asia-Pacific to Register the Highest Market Growth

In recent years, there was increased emphasis on the high-speed internet and 5G network. China, Japan, Taiwan, India, and Australia, among other countries, are the major driving countries in the region for the same.​

China has an established ecosystem for 5G, and it is expected to grow further during the forecast period. However, the 5G technology is likely to serve as a hotspot technology, along with the current mobile broadband, and register a gradual growth in the country.

Seeking growth opportunities, companies in the region are also looking forward to entering the market with their WiGig products. For instance, in January 2020, Fujikura, a Japan-based electrical equipment manufacturer, announced its plans to start shipping its sample for a 60 GHz millimeter-wave wireless communication module for application in gaming VR/AR, achieving a wireless communication at 2 Gbps. Additionally, in October 2019, Murata Manufacturing Co. Ltd announced its plan to develop an RF module for the Telegraph Project by Facebook.​

Taiwan remains the leading country in the semiconductor foundry business. To some extent, Taiwan Semiconductor Manufacturing Co. remains the world’s largest foundry, and it recorded a revenue of up to USD 35 billion in 2018. Additionally, Taiwan is home to the world’s third-largest foundry, United Microelectronics Corp., and the sixth-largest company in the foundry, by sales, Powerchip Technology Corp. TSMC, UMC, and Powerchip together make Taiwan the largest market for this industry, closely followed by another emerging Asian giant in this space, China.

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Competitive Landscape

The WiGig market is fragmented in nature, as the global players are competing to innovate the technology to remove the market challenges, which can hamper the current growth. The key players are Intel Corporation, Panasonic Corporation, and Qualcomm Technologies Inc., among others.

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