WiGig Market Size Exhibiting a CAGR of 28.7% Projected to Reach USD 278.1 Million by 2032

A report by Allied Market Research titled “WiGig Market Size Showing a CAGR of 28.7% Expected to Reach USD 278.1 Million by 2032” reveals that the global market earned $22.83 million in 2022 and is projected to hit $278.11 million by 2032, with a CAGR of 28.7% from 2023 to 2032. The report delves into changing market trends, key investment areas, regional landscapes, and competitive scenarios.

The focus of the wireless gigabit market is on the dynamic data transmission landscape in the digital era, emphasizing wireless and high-speed connectivity. This market encompasses a variety of products and services designed to facilitate the exchange of terabytes of data without the constraints of physical connections. The rising demand for efficient and rapid data transfer across various industries and consumer segments is driving the wireless gigabit market.

Key players in the WiGig market include Intel Corporation, Advanced Micro Devices, Inc., Broadcom, Qualcomm Technologies, Inc., and others. These players have employed strategies like expansion, new product launches, and partnerships to enhance their market presence. The report aids in evaluating the performance, developments, and product portfolios of each market player.

In terms of products, the display devices segment dominated the market in 2022, holding a significant share of the global WiGig market revenue. The network infrastructure segment is expected to witness the fastest CAGR during the forecast period, offering quicker speeds and enhanced reliability.

The 802.11ad segment is anticipated to maintain its dominance in the market by 2032, providing reliable gigabit wireless connectivity for real-time streaming and interactive applications. The integrated circuit chips (IC) segment is poised to lead the market by 2032, driven by the widespread use of wireless gigabit SoCs in various devices.

Asia-Pacific is set to garner a major share of the WiGig market by 2032, with North America leading in 2022. The region-wise analysis highlights the growing demand for low-latency applications in sectors like autonomous vehicles and smart cities, boosting the WiGig market growth.