Global WiGig Market: Regional Insights
The global WiGig market is regionally divided into North America, Europe, Latin America, Asia Pacific, and Middle East and Africa.
Among regions, North America is anticipated to witness substantial growth in the global WiGig market over the forecast period. The growth of this region can be attributed to the high internet penetration, large number of smartphone users in Canada and the U.S. The regions is observed to migrating toward multi-gigabit, residential internet access, with the use of fiber to the home. The extraction of more bandwidth or the economic feasibility of the existing network with the use of DOCSIS 3.1 is trending the in region, which will create a significant opportunity of speed and wireless. This in turn is creating demand for WiGig in the region, which is expected to support growth of the market.
Moreover, Asia Pacific is also anticipated to show significant growth in the global WiGig market over the forecast period. The region has been witnessing strong demand for high-speed internet and 5G network in recent years. The developing countries such as Japan, China, Taiwan, Australia, and India across the region are the major driving countries 5G network and high-speed internet. Moreover, several companies are trying to enter the WiGig market in this region. For instance, in January 2020, Fujikura, based in Japan, an electrical equipment manufacturer started shipping its sample for 60GHz millimeter wave wireless communication module to be used in gaming VR/AR applications to achieve a wireless communication at 2Gbps.
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