| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 35.48 Million |
| Market Size (2030) | USD 121.73 Million |
| CAGR (2025 - 2030) | 27.96 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
WiGig Market Analysis
The WiGig Market size is estimated at USD 35.48 million in 2025, and is expected to reach USD 121.73 million by 2030, at a CAGR of 27.96% during the forecast period (2025-2030).
- Technological advancement is the primary factor contributing to the market's growth. In addition, the rising need for the high-frequency spectrum, which contributes to high-speed data transfer, is another factor influencing the market positively. WiGig is also termed the "IEEE 802.11ad standard." The factors that propel the wireless gigabit market's growth include increased bandwidth demand, smartphone saturation, and the use of several devices that eventually contribute to the overall industry development.
- Public Wi-Fi enables achieving various smart city goals, which include bridging the digital divide, enabling the Internet of Things (IoT) based municipality services, and providing amenities for students, residents, visitors, and tourists. Apart from this, WiGig devices are utilized in different businesses to enable employees to complete work from many devices without the hassle of a wired connection. They are also used for efficient in-office networking, running bandwidth-heavy applications seamlessly, transferring large files and audio, and projecting graphics to a large screen in a conference room with very low latency.
- Increasing technological advancements in the communications industry are also driving the market. Regarding IoT services, WiGig enables high-speed local area connections between IoT devices, allowing them to share data quickly and efficiently. This can be especially beneficial for applications such as smart homes, where multiple IoT devices need to communicate with each other in real-time. According to Cisco's Annual Internet Report, by 2023, there will be approximately 30 billion network-connected devices in addition to influences, growing from 18.4 billion in 2018.
- The rising adoption of high-resolution videos is driving the WiGig market. With the growing popularity of high-resolution videos, including 4K and 8K videos, there is an increasing demand for high-speed wireless connectivity to enable streaming these videos without buffering or lagging. In addition, the global development push toward digitization and the implementation of 5G networks has also contributed to the growth of WiGig. According to 5G Americas, as of 2023, fifth-generation (5G) subscriptions are approximately 1.9 billion globally. This number is forecast to increase to 2.8 billion in 2024 and 5.9 billion by 2027.
- However, the shorter operating range of WiGig products (typically around 10 meters or less) hampers the market’s growth. The short range can restrict WiGig's applications, particularly when users require mobility or coverage over large areas.
- The COVID-19 pandemic created opportunities for WiGig technology to support remote work and digital collaboration. However, it has also introduced competition from existing wireless technologies like Wi-Fi. Organizations in various industries are accelerating their digital transformation efforts to adopt remote operations and meet changing consumer demands after the pandemic.
WiGig Market Trends
Display Devices Segment is Expected to Hold Significant Market Share
- Display devices offer various solutions to meet the growing demand for wireless connectivity and seamless integration of displays in various applications, such as head-mounted displays (HMD)(AR), smartphones, VR headsets, and devices with integrated displays, such as PCs and Laptops.
- The proliferation of WiGig-enabled smartphones drives demand for display devices that support wireless connectivity, enabling users to leverage the full potential of their mobile devices for productivity, entertainment, gaming, and collaborative applications. According to GSMA, as of 2023, North America has the maximum smartphone adoption rate, with 84% of total mobile connections. North America is anticipated to see its smartphone adoption rate grow to 89% by 2030, with regions like Eurasia and Asia-Pacific looking forward to significant growth.
- WiGig technology functions at 60 GHz and permits the wireless transfer of information in audio and video format at a speed of up to 5 gigabits per second, which is ten times the present maximum wireless transfer capacity, and that too at one-tenth of the cost. Typically, it supports data transfer within a range of 10 meters. The market is gaining traction due to the ease of operation and high speeds, particularly in the gaming sector.
- WiGig technology is also used to broadcast video signal transmission systems in sports stadiums and mm-wave video signal broadcast systems. The technology could also be used to beam full HD-quality video in real time. It can also be used by notebooks and other computers to wirelessly connect, along with all the development needed for a docking station, including a secondary display and storage computer.
- During the forecast period, short-range applications in the market are expected to be attractive. Screen sharing and virtual Reality (VR) headsets are instances where WiGig is being implemented widely. Companies such as Peraso, Nitero, Qualcomm, Blu Wireless, Tensorcom, and Intel specialize in WiGig-supporting semiconductors. Dell is integrating WiGig in carefully chosen laptops and wireless docking stations. It can wirelessly power a high-resolution virtual reality headset in the same room. The WiGig technology can transfer data at fast enough rates to feed VR imagery from a PC to a VR headset display.
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North America is Expected to Hold Significant Market Share
- The high internet penetration and large smartphone users in the region driven by the United States and Canada are expected to drive the demand for high-speed Wi-Fi in gigabytes using WiGig. North America is quickly migrating toward multi-gigabit, residential internet access, primarily using fiber. 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 July 2023, the FCC adopted new regulations to encourage the development of creative devices that do not require a license. These rules apply to unlicensed radar and other sensor devices that use the 60 GHz band (between 57-71 GHz). The goal is to give device makers more freedom in their designs and how they operate while also enabling new applications like technology to detect children left in hot cars. Importantly, these rules ensure that this band can still be shared with other unlicensed technologies, like WiGig, which supports VR and XR applications.
- The video game industry in Canada is booming. The Entertainment Software Association of Canada reported that 63% of Canadians, over 24 million people, are gamers. This trend is particularly strong among younger demographics, with nearly 9 out of 10 (89%) kids and teens (aged 6-17) playing video games, compared to 61% of adults (aged 18-64). The survey did not include data for Canadians over 65. The increasing popularity of video games in the region provides opportunities for the market to grow.
- In March 2024, Miliwave Co. Ltd announced new Fixed-Wireless products using Peraso's X720 chipset. In addition, Miliwave opened an office in North America to service the growing WISP market. Utilizing the license-free 60 GHz band, Miliwave's airPATH 60 products provide solutions for applications demanding reliable, multi-gigabit data connectivity.
- Moreover, in August 2023, STORDIS, one of the pioneering providers of open networking solutions, announced a partnership with Tachyon Networks, an industry leader in 60 GHz wireless networking technology. This collaboration would enable STORDIS to distribute Tachyon Networks' innovative products across Europe and deliver substantial benefits for customers, enhancing network efficiency and flexibility and facilitating faster, easier, and more cost-effective installations.
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WiGig Industry Overview
The WiGig market is fragmented due to the presence of both global players and small and medium-sized enterprises. Some of the major players in the market are Panasonic Corporation, Qualcomm Technologies Inc., Intel Corporation, Broadcom Inc., and Peraso Technologies Inc. Players in the market are adopting strategies such as partnerships, innovations, and acquisitions to enhance their product offerings and gain sustainable competitive advantage. For instance,
- In April 2024, Panasonic System Networks R&D Lab. Co. Ltd adopted Peraso's X710 chipset for its new 60 GHz WLAN solution. Incorporating Peraso's phased array antenna technology, PSNRD's newly introduced 60 GHz WLAN solution achieves wireless high-speed, low-latency communication equivalent to wired LAN over distances of hundreds of meters. The new solution is easy to install and operate, has interference-free use of the 60 GHz band, and has narrow beam directional antenna control.
- In September 2023, Peraso, one of the prominent players in mmWave technology for 60 GHz license-free and 5G licensed networks, announced the release of the PRM2144X in the PERSPECTUS series featuring long-range, outdoor applications. Utilizing the Peraso X720 60 GHz chipset, the PRM2144X is designed for dense urban areas.
WiGig Market Leaders
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Panasonic Corporation
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Qualcomm Technologies, Inc.
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Intel Corporation
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Broadcom Inc.
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Peraso Technologies, Inc.
- *Disclaimer: Major Players sorted in no particular order
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WiGig Market News
- December 2023: Peraso announced a customer partnership utilizing the X130 chipset. The X130 supports high bandwidth, low latency applications and circumvents Wi-Fi network congestion using mmWave. Peraso's X130 chipset employs the PRS1145 and PRS4601 integrated circuits to implement a low-cost, low-power, high-performance Super Speed USB 3.0 to 802.11ad 60 GHz mmWave system. The X130 offers multi-gigabit throughput with the ability to power applications such as wireless AR/VR, wireless displays, wireless docking, and wireless access to the cloud. It is adequate and efficient to use WiGig technology.
- September 2023: NTT DOCOMO Inc. took a big step toward becoming a leading open RAN service provider for international telecom companies. The company unveiled its OREX service lineup, which includes OREX RAN, OREX SMO, and OREX Services. This announcement aims to clearly explain these services to international operators, making it easier for them to understand and adopt OREX solutions, ultimately expanding NTT DOCOMO's reach in the open RAN market.
WiGig Industry Segmentation
WiGig, also known as 60 GHz Wi-Fi, refers to a set of 60 GHz wireless network protocols. It 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 2.4 GHz or 5 GHz frequencies. The study covers the market based on product type and application in different sectors across the world.
The WiGig market is segmented by product (display devices and network infrastructure devices), application (gaming and multimedia and networking), and geography (North America, Europe, Asia-Pacific, and the Rest of the World). 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*** | North America |
| Europe | |
| Asia | |
| Australia and New Zealand | |
| Latin America | |
| Middle East and Africa |
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WiGig Market Research FAQs
How big is the WiGig Market?
The WiGig Market size is expected to reach USD 35.48 million in 2025 and grow at a CAGR of 27.96% to reach USD 121.73 million by 2030.
What is the current WiGig Market size?
In 2025, the WiGig Market size is expected to reach USD 35.48 million.
Who are the key players in WiGig Market?
Panasonic Corporation, Qualcomm Technologies, Inc., Intel Corporation, Broadcom Inc. and Peraso Technologies, Inc. are the major companies operating in the WiGig Market.
Which is the fastest growing region in WiGig Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in WiGig Market?
In 2025, the North America accounts for the largest market share in WiGig Market.
What years does this WiGig Market cover, and what was the market size in 2024?
In 2024, the WiGig Market size was estimated at USD 25.56 million. The report covers the WiGig Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the WiGig Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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WiGig Industry Report
Statistics for the 2025 WiGig market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. WiGig analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
