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North America WiGig Market Size (2024 - 2029)

The North America WiGig market is experiencing significant growth, driven by the increasing demand for high-speed, data-intensive connections in applications such as virtual reality, multimedia streaming, and gaming. The region's high internet penetration and the prevalence of smartphone users, particularly in the United States and Canada, are contributing to the rising demand for gigabit-speed Wi-Fi. As North America shifts towards multi-gigabit residential internet access, the need for WiGig is further amplified. Technological advancements are enhancing consumer experiences, and the growing demand for ultra-high-definition content and IoT applications is expected to propel the market's expansion. However, the limited range of WiGig due to its use of the 60GHz spectrum presents challenges, necessitating multiple access points in densely populated areas to maintain effective connectivity.

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Market Size of North America WiGig Industry

North America WiGig Market Summary
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

North America WiGig Market 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 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
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North America WiGig Market Size Summary

The North American WiGig market is poised for significant growth, driven by the increasing demand for high-speed, data-intensive connections across various applications such as virtual reality, multimedia streaming, gaming, and enterprise solutions. The region's high internet penetration and substantial smartphone user base, particularly in the United States and Canada, are key factors propelling the adoption of WiGig technology. As North America transitions towards multi-gigabit residential internet access, primarily through fiber-to-the-home initiatives, the economic feasibility of enhancing bandwidth through existing networks is gaining traction. This trend, coupled with the rising demand for ultrahigh-definition content and advancements in virtual and augmented reality, is expected to further stimulate the WiGig market. However, challenges such as limited range due to the use of the 60GHz spectrum necessitate the deployment of multiple access points, particularly in densely populated areas.

The market landscape is characterized by semi-consolidation, with major players like Google, Facebook, Intel, Infineon, and Qualcomm holding significant shares. Recent developments, such as Peraso Inc.'s release of the PRM2144X mmWave module and Intel and Broadcom's Wi-Fi 7 demonstration, highlight ongoing technological advancements. Partnerships, such as the one between Follett USA and Kwikbit Internet, aim to expand WiGig services in manufactured housing communities, offering cost-effective and high-speed internet solutions. The integration of WiGig technology with 5G infrastructure, supported by collaborations between companies like Intel and SK Telecom, underscores its potential in enhancing network capabilities and enabling new business models. Despite the challenges posed by the COVID-19 pandemic, which affected device connectivity and traffic patterns, the WiGig market in North America is set to capitalize on the growing IoT ecosystem and the need for efficient, high-speed wireless communication solutions.

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North America 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 Threat of New Entrants

      2. 1.2.2 Bargaining Power of Buyers/Consumers

      3. 1.2.3 Bargaining Power of Suppliers

      4. 1.2.4 Threat of Substitute Products

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Technology Snapshot

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product

      1. 2.1.1 Display Devices

      2. 2.1.2 Network Infrastructure Devices

    2. 2.2 Application

      1. 2.2.1 Gaming and Multimedia

      2. 2.2.2 Networking

      3. 2.2.3 Other Applications

    3. 2.3 Country

      1. 2.3.1 United States

      2. 2.3.2 Canada

North America WiGig Market Size FAQs

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.

In 2024, the North America WiGig Market size is expected to reach USD 1.32 billion.

North America WiGig Market Report Snapshots

North America WiGig Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)