WiGig Market Growth Drivers and Challenges:
Growth Drivers
- Rising Demand for Consumer Electronics - WiGig technology delivers 7 GHz of bandwidth by using the 60 GHz spectrum, which allows multi-gigabit wireless communications among consumer electronics such as smartphones, laptops, tablets, and smart home appliances, to improve consumer connectivity and wireless speeds.
- Growing Development of Smart Cities - WiGig promotes smart city and smart home developments by improving IoT device communication, and by offering dependable and quick wireless connectivity.
- Increasing Popularity of BYOD - Adoption of the bring-your-own-device (BYOD) policy at offices has led to an increase in demand for WiGig since it permits high-performance wireless data, display, and audio applications.
- Expanding Healthcare Industry - WiGig is a wireless technology, often known as 60 GHz Wi-Fi that can improve telemedicine applications in the healthcare industry by enabling remote diagnostics and high-definition video consultations.
- WiGig in the Education Sector - The use of WiGig is growing among college and high school students since it increases the wireless user density in classrooms which allows teachers to improve learning and engage connected students in new ways.
Challenges
- Need for higher frequencies - These networks function at even higher frequencies-roughly 60 GHz which presents the most technical obstacle as a result of which the WiGig's range is severely limited which is associated with shorter wavelengths.
- The high initial cost of WiGig-enabled devices is expected to limit their adoption
- Compatibility issues between different devices
WiGig Market Size and Forecast:
|
Base Year |
2025 |
|
Forecast Period |
2026-2035 |
|
CAGR |
20.4% |
|
Base Year Market Size (2025) |
USD 4.65 billion |
|
Forecast Year Market Size (2035) |
USD 29.77 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2026, the industry size of WiGig is evaluated at USD 5.5 billion.
The global WiGig market size was worth over USD 4.65 billion in 2025 and is poised to witness a CAGR of more than 20.4%, crossing USD 29.77 billion revenue by 2035.
North America wigig market will dominate around 40% share by 2035, driven by investments in data centers and digital infrastructure by tech giants.
Key players in the market include Broadcom Inc., Peraso Technologies Inc., Qualcomm Technologies Inc., Samsung Electronics Co. Ltd., Cisco Systems Inc., Sivers Semiconductors AB, Intel Corporation, Marvell Technology Inc., NXP Semiconductors N.V..
