Asia Pacific Wigig Market Size, Share & Growth Report | 2031

Report Description

The Asia Pacific Wigig Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 21.8% during the forecast period, 2023 – 2031. The growth of the market is attributed to its function in three subnets, one of which has 2.4 GHz, 5 GHz, and 60 GHz.

WiGig refers to the 60 GHz wireless network protocol suite, including the current IEEE 802.11ad standard and the future IEEE 802.11ay standard. The wigig specification allows devices to communicate wirelessly at multiple gigabit speeds. It provides powerful wireless data, display, and audio applications, supplementing the functions of previous wireless LAN devices.

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Tri-band wigig devices operating in the 2.4, 5, and 60 GHz frequency bands provide data rates exceeding 7 Gbps, almost the same as 8-band 802.11ac, and are more than 11 times faster than the maximum speed of 802.11n, while being compatible with existing WLANs equipment. Generally, a 60 GHz millimeter wave signal cannot penetrate walls, but it can be reflected from objects, ceilings, walls, and floors through the beam forming built into the wigig system. The stripes travel at a much slow speed and can pass through walls.

Asia Pacific Wigig Market Trends, Drivers, Restraints, and Opportunities

• Increasing advent of the internet of things (IoT) and machine communication (MTC), wireless traffic is expected to increase exponentially during the forecast period.

• The industrial, scientific, and medical (ISM) radio frequency band in the 5.4 GHz frequency band is approximately 500 MHz and is mainly used for Wi-Fi wireless networks, which is anticipated to drive the market.

• Rapid growth of the consumer portable device industry is likely to increase the demand for Wigig technology.

• Increasing popularity of high definition video is projected to boost the market in coming years.

• High manufacturing cost of Wigig chipset is expected to hamper the market growth.

• Lack of skilled labor for monitoring and advancement of Wigig technology act as major factors that can restrict the market growth during the forecast period.

• Technological advancement and use of millimeter wave V-band for last mile connectivity are expected to offer immense opportunities for the market players.

Scope of Asia Pacific Wigig Market Report

The report on the Asia Pacific wigig market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Asia Pacific Wigig Market Segment Insights

The display devices segment is projected to hold a major market share

Based on product, the Asia Pacific wigig market is bifurcated into display devices and network infrastructure devices. The display devices segment is expected to represent a key share of the market during the forecast period. Wireless gigabit (WiGig) technology operates at a frequency of 60 GHz and transmits wireless video and audio data at speeds of up to 5 gigabits per second, which is ten times the current maximum wireless data rate, and the cost is only one-tenth of that within 10 meters. Factors such as ease of use and high speed are estimated to boost the market.

WiGig technology is also used in stadium video transmission and millimeter wave video transmission systems. It can also be used to transmit full HD video in real time and for virtual wireless connections between laptops and other computers and all necessary docking stations, including additional displays and computers for data storage. ASUS ROG phones can use WiGig and its docking station to wirelessly connect any phone to a large-screen TV. On the other hand, the network infrastructure devices segment is anticipated to expand at a rapid pace during the forecast period. Gigabit wireless infrastructure equipment is roughly divided into routers, adapters, transmission stations, and docking stations.

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The networking segment is expected to grow at a significant pace

Based on applications, the market is fragmented into gaming & multimedia and networking. The networking segment is expected to hold a key share of the market during the forecast period due to rising demand of WiGig in backhaul applications. The emergence of 60 GHz FWA solutions is anticipated to eliminate the requirement for fiber installation, particularly in areas with weak infrastructure.

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South Korea is expected to dominate the market

On the basis of geography, the market is classified as India, China, Japan, South Korea, and rest of Asia Pacific. The market in South Korea is anticipated to expand at a high CAGR during the forecast period. Virtual reality market has important applications for WiGig chipsets. Due to increased government investment in the Wigig market and the country's increasing adoption of AR/VR technology, the country is becoming one of the emerging markets for AR/VR technology. Domestic hardware manufacturers also continue to introduce products that support WiGig chipsets.

For example, Samsung has introduced a 5G new radio (NR) access unit (AU) that can be used for high-speed wireless communications. South Korea’s ministry of science, ICP and future planning (MSIP) stated that the country’s semiconductor companies have entered the 60 GHz WiGig market, which is projected to give them a competitive advantage in the data communications market. From April 2019, telecommunications companies such as SK Telecom, KT, and LG are anticipated to take the lead in launching 5G in South Korea.