The Business Research Company’s WiGig Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The WiGig Global Market Report 2023 evaluates wigig market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global WiGig market is expected to grow from $3.17 billion in 2022 to $4.04 billion in 2023 at a compound annual growth rate (CAGR) of 27.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The WiGig market is expected to reach $10.57 billion in 2027 at a CAGR of 27.2%.
Rising demand for high-speed internet is expected to propel the growth of the WiGig market going forward. High-speed internet refers to internet connections that provide faster download and upload speeds than traditional internet connections. The fifth generation of wireless technology, or 5G, is characterized by its high-speed internet capabilities and the ability to carry data faster than earlier generations, like 4G or LTE. WiGig is designed to offer high-speed internet connectivity and can double current wireless internet speeds up to 8 Gbps. It enables high-performance wireless data, display, and audio applications, enabling devices to communicate wirelessly at multi-gigabit speeds. For instance, in February 2023, according to the State of the Internet 2021 report published by HighSpeedInternet.com, a US-based internet speed comparing tool company, the average national internet speed in the US almost doubled to reach 99.3 Mbps in 2021, up from 42.86 Mbps in 2020. Furthermore, in September 2022, according to USAFacts, a US-based non-profit organization, there was access to high-speed internet for over 97% of people in the US in 2021, resulting in internet downloads increasing by 26.6% between 2020 and 2021. Therefore, the rising demand for high-speed internet is driving the growth of the WiGig market.
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The wigig market segments in the report are:
1) By Product: Display Devices, Network Infrastructure Devices
2) By Technology Type: System-on-Chip (SoC), Integrated Circuit Chip (IC)
3) By Enterprise Size: Large Enterprises, Small And Medium-sized Enterprises
4) By End Use Industry: BFSI (Banking, Financial Services, And Insurance), Healthcare, IT And Telecom, Retail, Media and Entertainment, Other End Use Industries
The table of contents in TBRC’s wigig market report includes:
Executive Summary
WiGig Market Characteristics
WiGig Market Trends And Strategies
WiGig Market – Macro Economic Scenario
WiGig Market Segmentation
……
Global WiGig Market Competitive Benchmarking
Global WiGig Market Competitive Dashboard
Key Mergers And Acquisitions In The WiGig Market
WiGig Market Future Outlook and Potential Analysis
Appendix
Top Major Players :
Samsung Electronics Co. Ltd.
Microsoft Corporation
Dell Inc.
Lenovo Group Ltd.
Panasonic Corporation
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