WiGig Market size is expected to reach USD 113 Billion by the end of 2036, growing at a CAGR of 23% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of WiGig was USD 20 Billion. The reason behind the growth is due to the growing internet accessibility across the globe. To spread the advantages of the information revolution to every part of the world, efforts are being made to expand internet connectivity in places where it is currently scarce by creating new technologies, and by improving infrastructure and access.
For instance, there are more than 4 billion users of the internet, which represents around 59% of the world's population.
The growing developments in wireless technologies are believed to fuel the market growth. Many promising wireless technologies have been put forth recently to improve the quality of wireless communications, which is benefiting the telecoms industry and other industries to improve efficiency and offer opportunities for significant economic growth.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~23% |
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Base Year Market Size (2023) |
~ USD 20 Billion |
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Forecast Year Market Size (2036) |
~ USD 113 Billion |
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Regional Scope |
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Application (Networking Infrastructure Devices, Display Devices)
The display devices segment is predicted to account for 70% share of the global WiGig market during the forecast period owing to the growing usage in docking stations. A laptop can be connected to numerous auxiliary devices such as displays via a docking station, which turns it into a multipurpose workstation that increases productivity and helps to provide high and dedicated bandwidth for quick data transfers. To connect to all of the gadgets, docking stations frequently need additional cables and attachments which necessitates the use of WiGig-enabled docking stations since it allows for quick and easy docking of WiGig-capable PCs. Moreover, a monitor, projector, or other display device that is attached to a WiGig dock can be wirelessly connected to the PC which can act as the display device's central processing unit for receiving human input data from the display device via the same WiGig communication network.
In addition, WiGig will extend its multi-gigabit speeds and expand capacity to network infrastructure equipment, which are generally classified into routers, adapters, and backhaul stations.
Standard (802.11 ad, 802.11 ay)
The 802.11 ay segment is set to garner a notable share shortly. 802.11ay is a type of WLAN in the IEEE 802.11 set of WLANs which has a frequency of 60 GHz and is designed to run at much higher frequencies. The 802.11ay protocol is intended to function at frequencies far higher than 6GHz, with a transmission rate of around 39 Gbps and a longer transmission range of more than 200 meters. IEEE states that 802.11ay is an expansion of 802.11ad, commonly referred to as WiGig, which is said to create a composite bandwidth of 8.64GHz by combining four 802.11ad channels.
End-User (Retail and Consumer Goods, IT and Telecommunications, Media and Entertainment, Healthcare, Aerospace and Defense)
The media and entertainment segment in the WiGig market is poised to gain a noteworthy share in the coming years. WiGig was created to replace cables in home entertainment systems since it enhances virtual reality, gaming, and multimedia streaming over Wi-Fi, and allows for lightning-fast streaming media and extremely quick data transfers. WiGig enables lag-free, uninterrupted streaming of 4K video, and offers high-speed, low-latency connections which streamers and gamers long for. It guarantees seamless gameplay and provides an amazing user experience.
Our in-depth analysis of the global market includes the following segments:
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Standard |
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End-User |
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Application |
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Enterprise Size |
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North American Market Forecast
WiGig market in North America is predicted to account for the largest share of 40% by 2036 impelled by the growing number of data centers, driven by rapid digitalization, and significant investments made by digital giants such as Google, Microsoft, and Amazon in the US in constructing their own data centers to serve its cloud services. For instance, in 2022, the United States had more than 2,700 number of data centers. Particularly, in 2023, the United States had over 5,370 number of data centers worldwide.
APAC Market Statistics
The Asia Pacific WiGig market is estimated to be the second largest, during the forecast timeframe led by the growing personal disposable income. This has led to an increase in the urge to always be connected as a result of which consumers are spending more money on media, entertainment, networking, and mobile communication. This may create a huge demand for WiGig in the region.
For instance, by 2027, India's household expenditure will cross over USD 2 trillion owing to a compound annual growth in disposable income of around 14%.
Author Credits: Abhishek Verma, Hetal Singh
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