WiGig Global Market Report 2023 – Market Size, Trends, And Forecast 2023-2027

The Business Research Company’s WiGig Global Market Report 2023 – Market Size, Trends, And Forecast 2023-2027

LONDON, GREATER LONDON, UK, October 23, 2023 /EINPresswire.com/ -- The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032.

Unlocking High-Speed Connectivity with WiGig Technology
WiGig, an innovative wireless technology harnessing the untapped potential of the 60 GHz frequency range, facilitates multi-gigabit-per-second rates from Wi-Fi devices. Tailored for data-intensive activities such as streaming high-definition video, virtual reality experiences, and seamless wireless device docking, WiGig emerges as the go-to solution for bandwidth-demanding applications, offering unparalleled speed and low latency.

Current Landscape and Projected Growth
From $3.17 billion in 2022 to $4.04 billion in 2023, the WiGig market exhibits a robust growth rate of 27.4%. Despite global economic challenges stemming from the Russia-Ukraine conflict, the market is expected to reach $10.57 billion by 2027, indicating a compound annual growth rate (CAGR) of 27.2%.

To gain valuable insights into the evolving WiGig market landscape, explore our sample report here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12564&type=smp

Surging Demand for High-Speed Internet Propelling Market Expansion
The escalating demand for high-speed internet is a primary driver fostering the growth of the WiGig market. 5G technology, characterized by its exceptional speed and data transmission capabilities, has triggered a surge in high-speed internet adoption. WiGig, designed to deliver speeds of up to 8 Gbps, emerges as a powerful enabler of high-performance wireless data, display, and audio applications, meeting the evolving needs of a digitally driven world.

Innovation and Strategic Acquisitions Shaping the Market
Market leaders are actively engaged in technological advancements and strategic acquisitions to reinforce their foothold in the competitive landscape. Movandi Corporation's launch of the next-generation 60 GHz mmWave Chipset amplifies the potential of the unlicensed 60 GHz band, catering to diverse applications such as wireless backhaul, 5G NR-U, Fixed Wireless Access (FWA), and Wi-Fi at 60 GHz (WiGig). The acquisition of Keyssa Inc. by Molex LLC signifies a strategic move to augment Molex's micro connection portfolio with innovative, cable-free connectors for near-field, device-to-device applications, solidifying its position in the WiGig technology domain.

Regional Dynamics
While North America dominated the WiGig market in 2022, Asia-Pacific is poised to emerge as the fastest-growing region in the forecast period, reflecting the region's rapid technological advancements and increasing demand for cutting-edge connectivity solutions.

Market Segments:
• Product Types: Display Devices, Network Infrastructure Devices
• Technology Categories: System-on-Chip (SoC), Integrated Circuit Chip (IC)
• Enterprise Scope: Large Enterprises, Small And Medium-sized Enterprises
• Diverse End-Use Industries: BFSI, Healthcare, IT And Telecom, Retail, Media and Entertainment, Other Industries

For comprehensive analysis and strategic insights into the WiGig market, access the full report here:
https://www.thebusinessresearchcompany.com/report/wigig-global-market-report

WiGig Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The WiGig Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on WiGig market size, WiGig market drivers and trends, WiGig market major players, WiGig market competitors' revenues, WiGig market positioning, and WiGig market growth across geographies. The WiGig market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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