Asia Pacific WiGig Market Size To Worth USD 5.65 Billion By 2033 | CAGR of 19.77%
Category: Information & TechnologyAsia Pacific WiGig Market Size To Worth USD 5.65 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Asia Pacific WiGig Market Size is to Grow from USD 0.93 Billion in 2023 to USD 5.65 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 19.77% during the projected period.
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Browse key industry insights spread across 265 pages with 110 Market data tables and figures & charts from the report on the "Asia Pacific WiGig Market Size, Share, and COVID-19 Impact Analysis, By Product (Display Devices, and Network Infrastructure Devices), By Application (Gaming and Multimedia, Networking, and Others), and Asia Pacific (China, Japan, India, Rest of APAC) WiGig Market Insights, Industry Trend, Forecasts to 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/asia-pacific-wigig-market
WiGig is the name for wireless technology that allows high-speed, short-range transmission in a variety of devices, such as consumer electronics and mobile gadgets. This would be a 60 GHz wireless technology with low latency and multi-gigabit rates. It reduces interference in crowded regions as it provides communication between devices with higher capacity. Two applications of WiGig products are convenient public kiosk services and wireless device connection between gadgets like computers, projectors, tablets, and cellphones. Furthermore, the adoption of 5G network technology and new Wi-Fi technologies like Wi-Fi 6 is the major reason behind the growth of the WiGig market. Some of the factors that are contributing to the growth of the WiGig market are the necessity for high-speed internet access, increasing development in the usage of consumer electronics, and the need for good gaming and streaming. However, the high industrial fabrication cost further causes the high manufacturing cost of the chipset of the region. Due to the rising costs of chipset manufacture and the development of advanced embedded WiGig chipsets, the WiGig market growth will be restricted.
The display devices segment is anticipated to hold the greatest share of the Asia Pacific WiGig market during the projected timeframe.
Based on the product, the Asia Pacific WiGig market is divided into display devices and network infrastructure devices. Among these, the display devices segment is anticipated to hold the greatest share of the Asia Pacific WiGig market during the projected timeframe. This is attributed to the wigg devices come in handy with many benefits in increased speed and convenience in using them. The demand for display devices would increase in several industries as a result. The gaming sector has an essential use of these display devices.
The gaming and multimedia segment is anticipated to hold the greatest share of the Asia Pacific WiGig market during the projected timeframe.
Based on the application, the Asia Pacific WiGig market is divided into gaming and multimedia, networking, and others. Among these, the gaming and multimedia segment is anticipated to hold the greatest share of the Asia Pacific WiGig market during the projected timeframe. This is attributed to the high increase in wireless solutions, by the removal of the headset from the PC, which should be given credit to both the gaming and multimedia industries, for growing demands in augmented reality and virtual reality.
Major vendors in the Asia Pacific WiGig Market include Panasonic Corporation, Fujikura Ltd, Cisco Systems Inc., Marvell Technology Group Ltd., Dell Technologies Inc., Intel Corporation, Qualcomm Technologies, Inc., Samsung Electronics Co., Ltd, and Others.
Recent Developments
- In April 2024, The Next Generation X710 chipset used by Panasonic System Networks R&D Lab (PSNRD) is in its innovative 60 GHz WLAN solution. PSNRD has introduced a 60 GHz WLAN solution that allows for wireless high-speed and low-latency communication over hundreds of meters, akin to wired LAN, through the phased array antenna technology of Peraso. Since this uses the 60 GHz band unlicensed and free of interference as well as through very narrow beam directional antenna control, the new solution is easy to install and run.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at Asia Pacific, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Asia Pacific WiGig Market based on the below-mentioned segments:
Asia Pacific WiGig Market, By Product
- Display Devices
- Network Infrastructure Devices
Asia Pacific WiGig Market, By Application
- Gaming and Multimedia
- Networking
- Others
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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