WiGig Market Report 2025

The wigig market size has grown exponentially in recent years. It will grow from $5.05 billion in 2024 to $6.37 billion in 2025 at a compound annual growth rate (CAGR) of 26.3%. The growth in the historic period can be attributed to increased demand for high-speed wireless communication, growth in data traffic, the proliferation of smartphones and smart devices, expanding internet usage, and the development of multimedia applications.

The wigig market size is expected to see exponential growth in the next few years. It will grow to $17.73 billion in 2029 at a compound annual growth rate (CAGR) of 29.1%. The growth in the forecast period can be attributed to 5g network deployment, increasing adoption of Internet of Things (IoT) devices, demand for high-performance wireless connectivity in automotive applications, expansion of smart city initiatives, and rising need for low-latency communication. Major trends in the forecast period include the development of advanced modulation techniques, increased focus on millimeter-wave communication, integration of WiGig in enterprise networking solutions, rising demand for WiGig in gaming and entertainment, and the emergence of new form factors and devices supporting WiGig.

The increasing demand for high-speed internet is expected to drive the growth of the WiGig market in the future. High-speed internet refers to connections that provide faster download and upload speeds compared to traditional internet options. The fifth generation of wireless technology, or 5G, is known for its high-speed capabilities and ability to transmit data more quickly than previous generations like 4G or LTE. WiGig is designed to provide high-speed internet connectivity, potentially doubling current wireless speeds up to 8 Gbps. It facilitates high-performance wireless data, display, and audio applications, allowing devices to communicate wirelessly at multi-gigabit speeds. For example, in July 2023, the UK Parliament's House of Commons Library reported that as of January 2023, 72% of premises in the UK had access to gigabit-capable broadband, an increase from 64% in January 2022 and significantly higher than the 36% recorded in January 2021. Thus, the rising demand for high-speed internet is propelling the growth of the WiGig market.

The rapid expansion of the gaming industry is expected to be a catalyst for the growth of the WiGig market. WiGig, beyond offering fast wireless connections, addresses the gaming industry's need for higher mobility, lower latency, and an overall enhanced gaming experience. The Australian games market, for instance, witnessed a 21% year-over-year revenue increase to $248.76 million (AU$345.5 million) in December 2023, according to GamesIndustry.biz. This growth in the gaming industry is a significant driver for the WiGig market.

Major companies in the WiGig market are concentrating on developing innovative products that provide multi-gigabit per second wireless connectivity to improve data transmission speeds. Multi-gigabit per second wireless connectivity refers to the ability of wireless networks to transfer data at speeds exceeding one gigabit per second, facilitating faster data transfers for applications like high-definition video streaming, online gaming, and large file transfers. For example, in February 2022, Pharrowtech, a Belgium-based semiconductor manufacturing company, introduced the PTR1060 and PTM1060 (RFM) phased array antenna module. The PTR1060 is the world's first IEEE 802.11ay-compliant CMOS RF chip, while the PTM1060 is a phased array antenna module that enables high-speed, multi-gigabit wireless connectivity across the full 57 to 71 GHz bandwidth. These products simplify design processes and lower costs, making them well-suited for applications in Fixed Wireless Access, smart cities, and consumer electronics.

Major companies operating in the WiGig market are also concentrating on developing innovative products such as ultra-fast gigabit antennas to better meet the needs of consumers. Ultra-fast gigabit antennas, intended for rapid data transfer in wireless communication systems, were launched by Pasternack Enterprises, Inc. in August 2023. These antennas, part of the Wi-Fi 6E antenna line, promise to propel network performance and reliability to new heights by utilizing the latest Wi-Fi 6E frequency bands for gigabit transfers and maximum compatibility.

In August 2023, STORDIS, a Germany-based company specializing in open networking solutions, partnered with Tachyon Networks. This collaboration aims to enhance the delivery of high-speed 60GHz wireless networking technology by leveraging Tachyon's advanced capabilities in high-frequency wireless solutions. As a result, STORDIS will be able to offer innovative, robust, and scalable networking options designed to meet the needs of data centers, cloud environments, and edge computing applications. Tachyon Networks is a US-based IT service management company that focuses on providing high-speed wireless connectivity solutions.

Major companies operating in the WiGig market include Samsung Electronics Co. Ltd., Microsoft Corporation, Dell Inc., Lenovo Group Ltd., Panasonic Corporation, Intel Corporation, Qualcomm Technologies Inc., Broadcom Inc., NXP Semiconductors N.V., Keysight Technologies Inc., Marvell Technology Inc., Teradyne Inc., Rohde & Schwarz GmbH & Co KG, Anritsu Corporation, Lattice Semiconductor Corporation, InterDigital Inc., AzureWave Technologies Inc., DisplayLink Corp., Siklu Communication Ltd., Peraso Technologies Inc., Blu Wireless Technology Limited, Sivers Semiconductors AB, Tensorcom Inc., Laird PLC, Movandi Corporation.

North America was the largest region in the WiGig market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wigig market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the wigig market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

WiGig is a wireless technology that facilitates multi-gigabit-per-second data rates from Wi-Fi devices by utilizing the unoccupied 60 GHz frequency range. It is designed to support data-intensive activities such as streaming high-definition video, virtual reality, and wireless device docking. WiGig is particularly suitable for bandwidth-demanding applications due to its operation at multi-gigabit speeds and low latency.

The primary types of products within WiGig include display devices and network infrastructure devices. A display device is a tool used to present information in the form of images. The technologies employed include system-on-chip (SoC) and integrated circuit chip (IC). These WiGig products cater to enterprises of various sizes, including large enterprises and small and medium-sized enterprises. The technology is applied across various end-use industries, including BFSI (banking, financial services, and insurance), healthcare, IT and telecom, retail, media and entertainment, among others.

The WiGig market research report is one of a series of new reports that provides WiGig market statistics, including WiGig industry global market size, regional shares, competitors with a WiGig market share, detailed WiGig market segments, market trends and opportunities, and any further data you may need to thrive in the WiGig industry. This WiGig market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The WiGig market consists of revenues earned by entities by providing fast data transfer, multimedia streaming, backhaul technology, and enterprise connectivity solutions. The market value includes the value of related goods sold by the service provider or included within the service offering. The WiGig market also includes sales of wireless adapters, routers, WiGig cards, WiGig antennas, and wireless docking stations. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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