WIGIG MARKET ANALYSIS

WiGig MarketSize and Trends

The global WiGig market size was valued at US$ 2541.8 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 19.5% from 2022 to 2030. Several strategic measures are being taken by the key players to achieve a competitive edge in the WiGig market, which is driving growth of the market.  Increasing internet penetration in APAC is anticipated to contribute to the market growth. Meanwhile, the booming IT and telecommunications industry in the region is also expected to drive the market. 

Global WiGig Market Trends:

Growing consumer applications of WiGig is a growing trend

WiGig was on the market for a long time, however it was still unable to make its market. The standard mainly relied on the success of consumer applications such as VR/AR applications and Ultra HD video streaming. Now, the demand for these WiGig has increased as the adoption of VR/AR and streaming ultra HD video is rising all over the world. These applications are likely to boost adoption of WiGig in the future, which in turn is expected to propel growth of the market.

Increase in launch of novel products in the market is recent trend

Key players in the global WiGig market are focusing on launch of novel products to gain a strong position. For instance, in February 2020, Sivers IMA and Ampleon in collaboration introduced new 5G mmWave Dual Quad Beamformer ICs. They are said to be including two quad antenna connection with either Tx or Rx channels and integrated RF switches. This novel solutions supports both horizontal and vertical polarization MIMO.

Market- Trends

Growing consumer applications of WiGig is a growing trend

WiGig was on the market for a long time, however it was still unable to make its market. The standard mainly relied on the success of consumer applications such as VR/AR applications and Ultra HD video streaming. Now, the demand for these WiGig has increased as the adoption of VR/AR and streaming ultra HD video is rising all over the world. These applications are likely to boost adoption of WiGig in the future, which in turn is expected to propel growth of the market.

Increase in launch of novel products in the market is recent trend

Key players in the global WiGig market are focusing on launch of novel products to gain a strong position. For instance, in February 2020, Sivers IMA and Ampleon in collaboration introduced new 5G mmWave Dual Quad Beamformer ICs. They are said to be including two quad antenna connection with either Tx or Rx channels and integrated RF switches. This novel solutions supports both horizontal and vertical polarization MIMO.