Asia Pacific WiGig Market Insights Forecasts to 2033

• The Asia Pacific WiGig Market Size was valued at USD 0.93 Billion in 2023.
• The Market Size is Growing at a CAGR of 19.77% from 2023 to 2033.
• The Asia Pacific WiGig Market Size is Expected to Reach USD 5.65 Billion by 2033

The Asia Pacific WiGig Market is Anticipated to Reach USD 5.65 Billion by 2033, growing at a CAGR of 19.77% from 2023 to 2033.

Market Overview

Wireless Gigabit, or WiGig, is a 60 GHz wireless technology that offers minimal latency and multi-gigabit rates. WiGig refers to wireless technology that allows for high-speed, short-range transmission in various devices, including consumer electronics and mobile gadgets. It reduces interference in crowded regions by providing targeted communication between devices with greater capacity. Convenient public kiosk services and wireless device connection between gadgets like computers, projectors, tablets, and cellphones are two applications for WiGig products. The industry is expected to develop due to rising internet penetration in APAC. The market is also anticipated to be driven by the region's thriving IT and telecommunications industries. One of the main drivers of the market expansion is the growing investments made in smart city developments by national and international governing bodies. The market growth for WiGig is driven by the growing need for fast wireless communication and the growing integration of networked devices in many industries.   

Report Coverage

This research report categorizes the market for the Asia Pacific wigig market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Asia Pacific wigig market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Asia Pacific wigig market.

Driving Factors

The swift uptake of 5G network technology and the introduction of cutting-edge Wi-Fi technologies like Wi-Fi 6 are the major factors driving the wigig market's growth. The demand for high-speed internet access, the rapid development in consumer electronics usage, and the desire for high-quality gaming and streaming are some of the factors driving the wigig market's expansion. Rapid downloads of high-definition (HD) movies, concurrent streaming of several ultra-HD videos, immersive gaming, augmented reality (AR), and virtual reality (VR) experiences are among the other common uses for devices. This drives the market's expansion together with rising consumer expenditure on digital media.   

Restraining Factors

The region's wigig chipset manufacturing costs are rising as a result of the high cost of industrial fabrication. The development of sophisticated embedded wigig chipsets and the growing cost of chipset manufacture is expected to restrict the growth of the wigig market.

Market Segmentation

The Asia Pacific WiGig Market share is classified into product and application.

• The display devices segment is expected to hold the largest market share through the forecast period.

The Asia Pacific wigig market is segmented by product into display devices and network infrastructure devices. Among these, the display devices segment is expected to hold the largest market share through the forecast period. Display devices are expected to increase in demand across several industries, particularly the gaming sector, due to the advantages of wigig technology, including its fast speed and ease of use.

• The gaming and multimedia segment is expected to dominate the Asia Pacific wigig market during the forecast period.       

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 expected to dominate the Asia Pacific wigig market during the forecast period. The growing trend of wireless solutions to remove the headset from the PC is credited to gaming and multimedia, as well as the surge in demand for augmented reality and virtual reality.    

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Asia Pacific wigig market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Panasonic Corporation
• Fujikura Ltd
• Cisco Systems Inc.
• Marvell Technology Group Ltd.
• Dell Technologies Inc.
• Intel Corporation
• Qualcomm Technologies, Inc.
• Samsung Electronics Co., Ltd
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In April 2024, Peraso's next-generation X710 chipset is what Panasonic System Networks R&D Lab (PSNRD) is using for its new 60 GHz WLAN solution. With the use of Peraso's phased array antenna technology, PSNRD has launched a 60 GHz WLAN solution that allows for wireless high-speed, low-latency communication over hundreds of meters, comparable to wired LAN. Because it uses the 60 GHz band unlicensed and interfere-free, along with narrow beam directional antenna control, the novel solution is simple to install and run.

Market Segment

This study forecasts revenue at French, 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