North America WiGig Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.32 Billion |
| Market Size (2029) | USD 3.58 Billion |
| CAGR (2024 - 2029) | 17.78 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America WiGig Market Analysis
The North America WiGig Market size is estimated at USD 1.32 billion in 2024, and is expected to reach USD 3.58 billion by 2029, growing at a CAGR of 17.78% during the forecast period (2024-2029).
- The WiGig market is primarily driven by the increasing demand for high-speed, data-intensive connections in various applications such as virtual reality, multimedia streaming, gaming, wireless docking, and enterprise applications in the North American region.
- The high internet penetration, along with large smartphone users in the region driven by the United States and Canada, is expected to drive the demand for Wi-Fi with high speed in gigabytes using WiGig. North America is quickly migrating toward multi-gigabit, residential internet access, primarily using fiber to the home. The economic feasibility of extracting more bandwidth from existing networks using DOCSIS 3.1 is trending with the real opportunity of wireless and speed, by which the demand for WiGig is increasing in this region.
- The quality of consumers' experience is also improving as a result of technological progress. The WiGig market is expected to grow further as demand for ultrahigh definition videos, films, and video-on-demand services increases. Virtual Reality and Augmented Reality in gaming are also expected to boost the growth of this market.
- The advent of the Internet of Things, i.e., IoT and machine communication MTC, has led to exponentially growing mobile traffic in recent years.
- The disadvantage associated with Wi-Fi is that this technology has a limited range compared with the current use of Wi-Fi. The use of the 60GHz spectrum for WiGig means that a signal cannot be transmitted to walls, although it is effective in small and targeted areas. It is necessary to use multiple access points in order to remedy the lack of range available for WiGig connections in densely populated areas, but this also means that each Access Point should function on an individual basis with a view to preventing network traffic.
North America WiGig Market Trends
Networking to Hold a major share of the Market
- The WiGig technology supports direct mode, which means the home, enterprises, and service providers are switching to a network for the replacement of cables as well as infrastructure networking. This is a critical point when WiGig in the 2.4 GHz and 5Ghz bands 802.11n and ac would be able to move around dynamically from conventional WiFIs into or across the triband connectivity network. That's a big feature because there are likely to be gaps in coverage of WiG when it comes out into the house.
- Moreover, The WiGig market could offer opportunities for growth due to the increasing number of Internet of Things devices. However, it leads to significant overhead costs, high energy consumptions, and low throughput of WiGig2D networks in the use of direct beamforming training during DND2D neighbor discovery.
- North America has been extensively investing in its 5G infrastructure in order to cover most remote places. The use of a 60GHz band has a vital importance in 5G network scaling and can be densified through the addition of small-cell wireless backhaul. In comparison with a fiber connection, WiGig has a cost-effective advantage by using wireless small-cell backhaul.
- The development of WiGig chipsets was a collaboration between Intel and SK Telecom. Both companies have joined forces to advance their efforts with the Anchorbooster Cell technology, which they state as one of the key technologies for 5G that allows seamless transmission of large amounts of data through a combination of LTE and WiGig networks. The two companies have also mentioned that they would apply Mobile Edge Computing technology on the anchor-booster cell to enhance the quality of experience further and to enable the development of new business models for enterprises and critical verticals.
Given the significant decrease in the count of connected devices and personal computers observed in previously high-traffic areas, it is evident that the impact of the COVID-19 pandemic on telecommunications services and traffic is noteworthy. As a result of people staying at home and the surge in remote work, there has been a reduction in the number of connected mobile devices and PCs, with a simultaneous increase in the utilization of home Wi-Fi networks by American consumers.
United States to Hold the Highest Market Share
- In order to cover the majority of these isolated areas, the region is investing heavily in its 5G infrastructure. The 60 GHz band has a pivotal role to play in the deployment of 5G networks and can also be made densable by adding small cell wireless backhaul. Compared to the fiber connections, WiGig's cost-effectiveness is due to its use of Wireless Small Cell backhaul.
- Furthermore, the market for wireless streaming of content to high-resolution televisions or other monitors in a room is being stimulated by the consumer electronics sector as mobile phones, tablets, and computers could connect with WiGig. For instance, if you have an Asus ROG phone with a display dock that's capable of wireless connectivity to large-screen TVs, WiGig can be used. The TwinView dock is equipped with a 6.59-inch TFT touchscreen, 120Hz touchscreen, a 2nd massive 5,000 mAh battery, and an air conditioning unit.
- The high internet penetration, along with large smartphone users in the region driven by the United States, is expected to drive the demand for Wi-Fi with high speed in gigabytes using WiGig. North America is quickly migrating toward multi-gigabit, residential internet access, primarily using fiber to the home. The economic feasibility of extracting more bandwidth from existing networks using DOCSIS 3.1 is trending with the real opportunity of wireless and speed, by which the demand for WiGig is increasing in this region.
- In addition, the FCC stated that in order to create a 5G network, there must be at least 800,000 RF antennas set up throughout the country, three times as large as what is currently available. This indicates that in the forecast period, there may be an opportunity to install WiGig chips for 5G network expansion across the region.
North America WiGig Industry Overview
The North American WiGig market is semi-consolidate due to the presence of several major vendors that currently hold significant market share. Key players in this market include Google, Facebook, Intel, Infineon, Qualcomm, and others.
In September 2023, Peraso Inc. announced the release of the PRM2144X, the latest mmWave module in the company's PERSPECTUS series. This module is designed for long-range outdoor applications and incorporates Peraso's intelligent Media Access Control features. The PRM2144X empowers wireless Internet service providers (WISPs) to deploy long-range, multi-point networks in dense user environments without concerns about interference.
In September 2022, Intel Corporation and Broadcom Inc. jointly announced the industry's first cross-vendor Wi-Fi 7 demonstration. This demonstration showcased over-the-air speeds exceeding 5 gigabits per second. Wi-Fi 7 leverages innovative features, such as wider 320 MHz channels in the unlicensed 6GHz spectrum, higher order 4K QAM data modulation, simultaneous connections across multiple bands with multi-link operation, and improved channel utilization efficiency with multi-resource unit puncturing.
North America WiGig Market Leaders
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Qualcomm Technologies Inc.
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Intel Corporation
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Broadcom Inc.
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Cisco Systems Inc.
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Dell Technologies Inc.
*Disclaimer: Major Players sorted in no particular order
North America WiGig Market News
- January 2023: Follett USA, a company that owns and operates manufactured housing communities across the United States, and Kwikbit Internet, a provider of wireless gigabit (WiGig) broadband services to manufactured housing communities, entered into a partnership to provide their services to eight communities in 2023. Kwikbit Internet's innovative 60 GHz wireless solution, known as WiGig, offers internet speeds comparable to fiber optics at a significantly reduced cost and faster installation time, enabling the delivery of affordable and reliable symmetrical 1 Gig service to residents in manufactured housing communities.
- March 2022: Edgecore Networks, a provider of traditional and open network solutions for data centers, enterprises, and telecommunication service providers, introduced the MLTG-CN LR. This new addition to their Terragraph-certified 60GHz product line, the MLTG series, harnesses the 60 GHz spectrum and 802.11ay-based WiGig technology to deliver high-speed wireless connectivity that rivals fiber-optic speeds. The deployment of the MLTG series offers a more cost-effective and expedited alternative to trenching and laying traditional fiber-optic cables.
North America WiGigMarket Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers/Consumers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Technology Snapshot
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growing Technological Advancement in Communication Industry
5.1.2 Rising Adoption of High-resolution Videos
5.2 Market Restraints
5.2.1 Shorter Operating Range of WiGig Products
6. MARKET SEGMENTATION
6.1 Product
6.1.1 Display Devices
6.1.2 Network Infrastructure Devices
6.2 Application
6.2.1 Gaming and Multimedia
6.2.2 Networking
6.2.3 Other Applications
6.3 Country
6.3.1 United States
6.3.2 Canada
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Qualcomm Technologies Inc.
7.1.2 Intel Corporation
7.1.3 Broadcom Inc.
7.1.4 Cisco Systems Inc.
7.1.5 Dell Technologies Inc.
7.1.6 Lenovo Group Limited
7.1.7 HP Development Company LP
7.1.8 Tensorcom Inc.
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
North America 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. In other words, WiGig allows Wi-Fi devices to access the uncongested 60 GHz frequency band with wide channels to transmit data effectively at multi-gigabit per second speeds.
The North American wigig market is segmented by product (display device and network infrastructure device), application (gaming and multimedia, networking), and country (United States, Canada).
The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| Product | |
| Display Devices | |
| Network Infrastructure Devices |
| Application | |
| Gaming and Multimedia | |
| Networking | |
| Other Applications |
| Country | |
| United States | |
| Canada |
North America WiGigMarket Research FAQs
How big is the North America WiGig Market?
The North America WiGig Market size is expected to reach USD 1.32 billion in 2024 and grow at a CAGR of 17.78% to reach USD 3.58 billion by 2029.
What is the current North America WiGig Market size?
In 2024, the North America WiGig Market size is expected to reach USD 1.32 billion.
Who are the key players in North America WiGig Market?
Qualcomm Technologies Inc., Intel Corporation, Broadcom Inc., Cisco Systems Inc. and Dell Technologies Inc. are the major companies operating in the North America WiGig Market.
What years does this North America WiGig Market cover, and what was the market size in 2023?
In 2023, the North America WiGig Market size was estimated at USD 1.09 billion. The report covers the North America WiGig Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America WiGig Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America WiGigIndustry Report
Statistics for the 2024 North America WiGig market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America WiGig analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
