WiGig Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
WiGig, an abbreviation for wireless gigabit, is a relatively new entrant in the wireless technology market that transfers data ten times faster than the standards Wi-Fi speed with IEEE 802.11n. WiGig is based on IEEE 802.11ad specification which uses radio spectrum or 60GHz spectrum to transfer the data of speed up to 7 Gbps (Gigabits per second).
WiGig was originally developed by the Wireless Gigabit Alliance (WiGig Alliance) and its certification-ready version 1.1 specification was released in 2011. The WiGig marketplace witnessed a number of ebb and flows since its introduction, wherein adoption of the technology remained limited owing to bugs in terms of 60 GHz spectrum penetration and coverage. However, increasing penetration of augmented reality and virtual reality technologies is expected to realign the WiGig market in the coming years.
WiGig Market – Notable Developments
Key manufacturers in the WiGig marketplace include Apple Inc., Samsung, Intel Corporation, Lattice Semiconductor, Qualcomm Inc, Broadcom Limited, Lenovo, MediaTek Inc, LG and RF Technologies.
WiGig Market Dynamics
‘Need For Data Speed’ Trend to Boost WiGig Technology Penetration
WiGig technology provides faster data transfer as compared to Wi-Fi technology. At the time of introduction, WiGig technology was operating on IEEE 802.11ad specification providing the speed of 7Gbps. The technology evolved consistently and now works on 802.11ay which has newly specified PHY and MAC specifications that enable communications at 100 Gigabits per second, albeit through a number of technical advancements. In the era of augmented reality (AR) and virtual reality (VR), wherein bandwidth plays a crucial role in data transfer, WiGig technology provides four times the bandwidth of Wi-Fi technology.
Increasing Number of Vendors Offering WiGig Technology Chipsets
Despite facing a number of ups and downs since its introduction in the market, a number of vendors that provide wireless connectivity chipset have implemented WiGig technology offering. In line with frequent updates in technology, increasing reliance on faster data transfer and rising demand for higher bandwidth has led tech giants to look for high-speed wireless technology options. For instance, Asus launched the world’s first WiGig 802.11ad - WiGig® Display Dock that allows wireless connection between smartphone and big-screen TV or monitor. Qualcomm also launched WiGig 802.11ay chipset. As more and more tech vendors implement WiGig technology, the year 2019 is set to witness a number of WiGig technology-based smartphones and laptops introductions.
Lack of Infrastructure Compatibility and Limited Use Cases – Important Milestones
As WiGig is a relatively new entrant in the wireless connectivity industry, the new technology implementation is likely to face challenges. Lack of compatible infrastructure which matches the requirement of technologies to form a suitable ecosystem is one of the most common technological milestone. Further, the technology penetration remains lower portraying less number of use cases. While tech vendors are actively engaged in implementing this new wireless technology, lack of infrastructure compatibility and limited use cases remain important milestone for the WiGig marketplace.
WiGig Market – Segmentation
By devices, the WiGig market is segmented into-
By application, the WiGig market is segmented into-
By usage models, the WiGig market is segmented into-
By end user, the WiGig market is segmented into-
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The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.
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