The WiGig Market – Growth, Trends, and Forecasts (2020 – 2025), offers an in-depth evaluation of each crucial aspect of the Global WiGig industry that relates to market size, share, revenue, demand, sales volume, and development in the market. The report analyzes the WiGig market over the values, historical pricing structure, and volume trends that make it easy to predict growth momentum and precisely estimate forthcoming opportunities in the WiGig Market. The report explores the current outlook in global and key regions (North America, Europe, Asia-Pacific, and Latin America) from the perspective of players, countries (U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc.), product types, and end industries.
The WiGig market was valued at USD 2.03 billion in 2019, and is expected to reach USD 7.84 billion by 2025, at a CAGR of 25.37% over the forecast period (2020 – 2025).
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Global Major Players in WiGig Market are:
Panasonic Corporation, Qualcomm Technologies Inc., Intel Corporation, Broadcom Inc., Peraso Technologies Inc., SiBEAM Inc. (Silicon Image Inc.), Tensorcom Inc., NetGear Inc., Advanced Micro Devices Inc. (Nitero), Blu Wireless Technology, and Other.
Tri-band router is driving the trend where the router will run on 3 subnetworks one each at 2.4 GHz, 5 GHz, and 60 GHz. WiGig wireless technology uses a 60 GHz communication standard called 802.11ad. This can be useful in homes with 802.11ad devices that can be physically located near the router.
– Growing technological advancement in communication industry is driving the market. With the advent of rich content devices such as Ultrabooks, iPads, iPhones, and the need for instantaneous syncing and sharing of data on wireless displays create an immense opportunity for this new technology.
– Rising adoption of high-resolution videos is driving the market. The electronic advancement is revolutionizing the media and entertainment industry, where the demand for high-quality video is exponentially increasing with the increasing demand of the 8k market which requires high-speed data for streaming.
– Shorter operating range of wigig products is hindering the growth of the market. WiGig does not have as much range as the Wifi range that we currently use. The range of maximum coverage is about 10 meters, which means that a person cannot be able to stray too far from the router.
Key Market Trends:
– The internet penetration in North America is really high and so are the numbers of internet and smartphone users in this region, which drives the wigig market.
– North America is quickly migrating toward multi-gigabit, residential internet access, primarily using fiber to the home where economically feasible or extracting more bandwidth from existing networks using DOCSIS 3.1, which is trending with the real opportunity of wireless and speed, by which the demand of wigig is increasing in this region.
– Virtual reality has been rapidly adopted in North America, owing to the extensive R&D and presence of several VR companies in North America. Headsets like Oculus Rift virtual reality goggles are in demand in the United States and with the increase of wireless VR headset, the demand for wigig technology is increasing efficiently.
– Due to the increasing market of healthcare in the United States, the increased generation of electronic data and the steady proliferation of connected medical and IoT devices put pressure on health IT wireless networks. Wireless networking vendors of this country are working to make wireless gigabit (or WiGig) available to enterprises, which will increase the market growth in the future.
Influence of the WiGig Market report:
–Comprehensive assessment of all opportunities and risks in the WiGig Market.
–WiGig Market recent innovations and major events.
–A detailed study of business strategies for the growth of the WiGig Market market-leading players.
–Conclusive study about the growth plot of WiGig Market for forthcoming years.
–In-depth understanding of WiGig Market, market-particular drivers, constraints, and major micro markets.
–Favorable impression inside vital technological and market latest trends striking the WiGig Market.
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What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global WiGig Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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