logo

Asia Pacific WiGig Market Size (2024 - 2029)

The Asia Pacific WiGig market is poised for significant growth, driven by the increasing demand for high-speed internet and the expansion of 5G networks in emerging countries such as China, Japan, Taiwan, India, and Australia. As the region experiences exponential wireless traffic growth due to the Internet of Things and machine-type communication, the need for enhanced bandwidth becomes critical, positioning WiGig as a key solution for rapid data transfer within short ranges. This technology's advantages, including high-speed connections and low latency, are particularly beneficial for sectors like healthcare, improving response times and resource allocation. The congestion in existing WiFi bands further underscores the necessity for expanded infrastructure, highlighting the potential for substantial market expansion.

Home Market Analysis Technology, Media and Telecom Research Telecom Research Communication Protocols Research Wireless Communication Protocols Research WiGig Research Asia Pacific WiGig Market Market Size

Market Size of Asia Pacific WiGig Industry

Asia Pacific WiGig Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 1.11 Billion
Market Size (2029) USD 3.13 Billion
CAGR (2024 - 2029) 19.82 %
Market Concentration Low

Major Players

Asia Pacific WiGig Market Major Players

*Disclaimer: Major Players sorted in no particular order

Asia Pacific WiGig Market Analysis

The Asia Pacific WiGig Market size is estimated at USD 1.11 billion in 2024, and is expected to reach USD 3.13 billion by 2029, growing at a CAGR of 19.82% during the forecast period (2024-2029).

  • In recent years, there has been an increased emphasis on high-speed internet and 5G networks. Emerging countries, including China, Japan, Taiwan, India, and Australia, are the major driving countries in the region. China has an established ecosystem for 5G and is expected to grow further in the forecast period. However, the 5G technology is expected to serve as a hotspot technology in existence with the current mobile broadband. The growth is expected to be gradual in the country.
  • Due to the advent of the Internet of Things (IoT) and machine-type communication (MTC), exponential wireless traffic growth is expected in the near future. This would mean an increase in current bandwidth, assuming the same spectrum efficiency. For instance, the industrial, scientific, and medical (ISM) RF band in the 5.4 GHz region is approximately 500 MHz, mainly used by wireless fidelity WiFi. This bandwidth is already getting saturated, which is one of the driving forces of WiGig.
  • WiGig is expected to be one of the main options for quick and easy data delivery without a physical wired connection. As it does not pass through walls and has a very short range, it is more useful for transfers within a short range and won't replace or directly supersede WiFi or cellular. Many consumer electronic devices will be multi-mode WiFi and WiGig capable.
  • As a result of WiGig features, such as elevated speed connection, extraordinary reliability, and decreased latency, the healthcare system has benefited from improved response times, patient monitoring, data collection and analytics, remote collaboration, and resource allocation. It also sets an example for digitalized, data-driven, and Cloud-based innovative major public emergency response platforms in the region.
  • The Telecom Regulatory Authority of India (TRAI) has mentioned that the delicensed bands available for WiFi are congested. According to the analysis of DigiAnalysis, in India, there are around 0.5 million public hotspots available as of 2022, which is expected to reach around 50 million by 2030. In contrast, there are over 45 million hotspots available worldwide. Hence, the board has shown a need to expand this infrastructure to at least one hotspot for 150 persons, creating a demand for another 8 million hotspots.

Asia Pacific WiGig Industry Segmentation

WiGig, also known as 60GHz Wi-Fi, refers to a set of 60GHz wireless network protocols. This enables high-performance wireless data, display, and audio applications. WiGig transfers data wirelessly on the 60 GHz frequency, unlike Wi-Fi 6 and other normal versions of Wi-Fi that use the 2.4GHz or 5GHz frequencies. The scope of the market is comprehensive and is limited to Asia Pacific.

The Asia Pacific WiGig market is segmented by product (display devices and network infrastructure devices), applications (gaming and multimedia, networking, and other applications), and geography (China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific).

The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Product
Display Devices
Network Infrastructure Devices
By Application
Gaming and Multimedia
Networking
Other Applications
By Geography
China
Japan
India
South Korea
Need A Different Region Or Segment?
Customize Now

Asia Pacific WiGig Market Size Summary

The Asia Pacific WiGig market is poised for significant growth, driven by the increasing demand for high-speed internet and the expansion of 5G networks across key countries such as China, Japan, Taiwan, India, and Australia. WiGig technology, operating at 60GHz, offers rapid wireless data transfer capabilities, making it an attractive solution for applications requiring high-speed connectivity without physical wired connections. This technology is particularly beneficial in sectors like healthcare, where it enhances response times and data analytics, and in consumer electronics, where it facilitates seamless content streaming to high-resolution displays. The market's expansion is further supported by the proliferation of IoT and machine-type communication, which necessitates greater bandwidth and efficient data transfer solutions.

The market landscape is characterized by a high degree of fragmentation, with numerous players actively pursuing strategic partnerships, mergers, and acquisitions to enhance their technological offerings and market presence. Notable developments include the introduction of advanced Wi-Fi routers and the adoption of cutting-edge chipsets to improve wireless communication capabilities. The consumer electronics sector, alongside the burgeoning AR/VR markets, presents ample growth opportunities, particularly with government investments in technology development. As telecommunication companies continue to expand their 5G networks, the demand for WiGig technology is expected to rise, further propelling market growth in the region.

Explore More

Asia Pacific WiGig Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Buyers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitutes

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Assessment of Impact of COVID-19 on the Industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product

      1. 2.1.1 Display Devices

      2. 2.1.2 Network Infrastructure Devices

    2. 2.2 By Application

      1. 2.2.1 Gaming and Multimedia

      2. 2.2.2 Networking

      3. 2.2.3 Other Applications

    3. 2.3 By Geography

      1. 2.3.1 China

      2. 2.3.2 Japan

      3. 2.3.3 India

      4. 2.3.4 South Korea

Asia Pacific WiGig Market Size FAQs

The Asia Pacific WiGig Market size is expected to reach USD 1.11 billion in 2024 and grow at a CAGR of 19.82% to reach USD 3.13 billion by 2029.

In 2024, the Asia Pacific WiGig Market size is expected to reach USD 1.11 billion.

Asia Pacific WiGig Market Report Snapshots

Asia Pacific WiGig Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)