US WiGig Market 2024–2033

Reports Description

As per the current market research conducted by the CMI Team, the global US WiGig Market is expected to record a CAGR of 18.23% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 310.53 Million. By 2033, the valuation is anticipated to reach USD 1,185.57 Million.

A percentage of U.S. adults own smartphones but don’t use broadband at home

Source: Pew Research Center

The data on the percentage of U.S. adults who do not use broadband at home but own smartphones from 2013 to 2023 highlights key trends relevant to the US WiGig Market. In 2013, only 8% of adults fell into this category, but this number rose significantly to 13% by 2015 and slightly decreased to 12% in 2016.

The most notable increase occurred in 2018 when 20% of U.S. adults reported relying solely on smartphones without home broadband. This peak suggests a growing dependency on mobile internet solutions. Although the percentage decreased to 17% in 2019 and further to 15% in 2021, it remained stable at 15% in 2023.

These fluctuations indicate a shift towards mobile internet usage and the potential for WiGig technology to cater to this market by providing high-speed, reliable wireless connectivity solutions. As the trend stabilizes, the demand for advanced wireless technologies, such as WiGig, is likely to grow, emphasizing the importance of innovation and strategic development in this sector.

US WiGig Market Growth Factors

The US WiGig Market presents significant growth opportunities due to several factors:

• Growing Demand for High-Speed Connectivity: The increasing need for high-speed internet connectivity in various sectors such as consumer electronics, healthcare, and enterprise environments is driving the demand for WiGig technology. As applications become more data-intensive, the requirement for fast, reliable wireless communication grows, propelling market expansion.

• Technological Advancements: Innovations in WiGig technology, including 60 GHz frequency bands and multi-band capabilities, are enhancing connectivity and performance. These advancements are making WiGig devices more efficient and appealing, thereby driving market growth.

• Consumer Electronics Boom: The proliferation of devices like smartphones, tablets, laptops, and VR/AR systems that require high-speed data transfer is significantly boosting the WiGig market. As consumers seek faster and more reliable wireless connections for these devices, demand for WiGig technology rises.

• Enterprise and Industrial Applications: WiGig technology is increasingly being adopted in enterprise and industrial settings for applications such as office networking, machine-to-machine communication, and industrial automation. This adoption is driven by the need for seamless, high-speed connectivity in these environments.

• Healthcare Integration: The healthcare sector is leveraging WiGig technology for applications like wireless patient monitoring and telemedicine. The ability to provide high-speed, reliable wireless communication in healthcare settings enhances patient care and operational efficiency, contributing to market growth.

• Automotive Industry Advancements: In-vehicle communication and documentary systems are increasingly incorporating WiGig technology. As automotive manufacturers seek to enhance the connected car experience, the demand for high-speed, low-latency wireless communication grows.

• Expansion of Telerehabilitation Services: The integration of WiGig technology in telerehabilitation services enables remote monitoring and virtual therapy sessions, offering high-speed data transfer and low waiting. This integration is particularly beneficial in providing seamless telehealth services.

• Environmental and Sustainable Solutions: Manufacturers are focusing on developing WiGig devices that are energy-efficient and environmentally friendly. As sustainability becomes a key consideration in technology adoption, eco-friendly WiGig solutions are gaining traction.

• Strategic Collaborations and Acquisitions: Key players in the WiGig market are engaging in strategic collaborations and acquisitions to expand their product portfolios and market reach. Partnerships with technology firms, research institutions, and healthcare providers are fostering innovation and enhancing market access.

• Government Initiatives and Support: Supportive government policies and funding for the development and deployment of advanced wireless technologies are boosting the WiGig market. Initiatives aimed at enhancing connectivity infrastructure are particularly significant.

• Awareness and Education: Increased awareness about the benefits of WiGig technology and its applications driving adoption. Educational campaigns and professional training programs are contributing to market growth by highlighting the advantages of high-speed wireless connectivity.

• Rising Investments in R&D: Continuous investment in research and development by companies to improve WiGig technology is leading to more advanced and reliable products. These investments are crucial for maintaining competitive advantage and fostering market growth.

• Integration with IoT and Smart Devices: The integration of WiGig technology with IoT and smart devices is revolutionizing connectivity solutions. As the number of connected devices grows, the need for high-speed, low-latency wireless communication is driving the adoption of WiGig technology.

US WiGig Market Recent Developments

The US WiGig Market has seen several new launches and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of launches in the US WiGig Market include:

• In March 2024, NVIDIA unveiled its 6G Research Cloud platform to advance wireless communications using AI. The platform includes NVIDIA Aerial Omniverse Digital Twin, Aerial CUDA-Accelerated RAN, and Sionna Neural Radio Framework, supporting the development of next-generation 6G technologies. Early adopters include Ansys, Keysight, Nokia, and Samsung. This initiative is aimed at enhancing wireless spectral efficiency and fostering a hyper-intelligent world with applications in autonomous vehicles, smart spaces, and extended reality.

• In April 2024, Comcast launched NOW, a new brand offering low-cost internet, mobile, and streaming TV products. The NOW portfolio includes prepaid internet with options for 100 Mbps and 200 Mbps, unlimited 5G mobile data, and streaming services for Xfinity Internet customers. This initiative aims to provide affordable, reliable connectivity and entertainment without contracts or credit checks, enhancing accessibility for a broader customer base. Comcast’s new offerings are designed to cater to diverse consumer needs, reflecting their commitment to providing quality, cost-effective services.

• In May 2024, ZTE Corporation announced the commercial deployment of its latest-generation wireless products in collaboration with Thailand’s leading mobile operator AIS. This initiative aims to support AIS in building a green, ultra-simplified, and intelligent 5G network. Utilizing industry-leading Super-N power amplification technology, these products significantly reduce power consumption and enhance deployment efficiency. ZTE’s integration of communication and computing with AIS’s network will cater to various applications, including industrial AI and smart vehicle systems, marking a milestone in Thailand’s digital transformation.

• In April 2024, Qualcomm announced the addition of on-device AI products to its portfolio and the acquisition of a company specializing in Linux for IoT. These strategic moves aim to enhance Qualcomm’s capabilities in AI and IoT sectors, providing advanced solutions for smart devices and improving edge computing performance. The acquisition is expected to bolster Qualcomm’s position in the rapidly growing IoT market, reflecting its commitment to innovation and expanding its technological footprint.

These launches and acquisitions helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the US WiGig Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

US WiGig Market Significant Threats

The US WiGig Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

• Economic Downturns: Economic recessions can reduce budgets for technology investments and lower consumer spending on advanced wireless devices, negatively impacting the WiGig market.

• High Costs: The high cost of WiGig technology and infrastructure can be a barrier to widespread adoption, particularly for small businesses and individual consumers.

• Regulatory Challenges: Strict regulatory requirements for wireless communication devices can delay product approvals and increase compliance costs, posing challenges for market players.

• Technological Obsolescence: Rapid advancements in wireless technology can render existing WiGig devices obsolete quickly, necessitating continuous investment in new technologies, which can be financially challenging.

• Supply Chain Disruptions: Global supply chain issues, such as semiconductor shortages, logistical delays, or geopolitical tensions, can affect the production and distribution of WiGig devices.

• Competition: Intense competition among technology companies can lead to price wars, reducing profit margins and making it difficult for new entrants to establish themselves in the market.

• Insurance Limitations: Limited insurance coverage for advanced wireless technologies can restrict market growth by making these devices less accessible to a broader population.

• Pandemic Impact: The COVID-19 pandemic has disrupted manufacturing and supply chains, leading to delays in product development and distribution, which can negatively impact the WiGig market.

Category-Wise Insights

By Product Type:

• Chips and Modules: The segment for WiGig chips and modules is expanding due to the increasing demand for high-speed connectivity solutions across various devices. These components are critical for enabling advanced wireless communication, driving innovations, and integration in multiple industries. Companies are focusing on developing more efficient and powerful chips to support a wide range of applications, from consumer electronics to enterprise systems. The continuous evolution of wireless standards necessitates ongoing advancements in chip and module technology, making this segment vital for the overall market growth.

• Devices: WiGig-enabled devices, including smartphones, tablets, laptops, and VR/AR systems, benefit from enhanced data transfer speeds and connectivity. This segment is rapidly adopting WiGig technology as consumers seek improved performance and seamless wireless experiences in their daily use. The proliferation of high-bandwidth applications, such as streaming, gaming, and virtual reality, is driving the demand for devices capable of supporting such activities. Manufacturers are integrating WiGig to differentiate their products in a competitive market, offering superior connectivity solutions to tech-savvy consumers.

• Networking Equipment: WiGig routers and access points are crucial for establishing high-speed, low-latency wireless networks. These devices are essential in both consumer and enterprise settings, supporting a wide range of applications from home internet to office networking. As businesses and households increasingly rely on wireless connectivity for various tasks, the demand for robust networking equipment grows. Companies are investing in developing advanced WiGig routers and access points to cater to the needs of high-performance wireless networks, enhancing user experiences and operational efficiency.

• Peripherals: WiGig peripherals, such as docking stations and adapters, enhance the connectivity and functionality of existing devices. These products facilitate seamless data transfer and expand the usability of current technology setups, making them valuable additions to both personal and professional environments. The growing trend of remote work and digital collaboration is driving the need for peripherals that offer reliable and fast wireless connectivity. Manufacturers are focusing on creating versatile and easy-to-use WiGig peripherals that can support various devices, boosting productivity and convenience for users.

By Application:

• Consumer Electronics: WiGig technology significantly improves wireless connectivity and data transfer in consumer electronics, meeting the rising demand for high-performance devices with better user experiences. This segment includes smartphones, tablets, laptops, and entertainment systems, all of which benefit from the enhanced capabilities of WiGig. As consumers increasingly adopt smart home devices and IoT applications, the need for reliable and fast wireless communication becomes more pronounced. WiGig’s ability to deliver high-speed data transfer with low latency makes it a preferred choice for modern consumer electronics.

• Enterprise: In enterprise environments, WiGig enables efficient office networking and conference room setups, supporting high-speed data transfer and low latency WiGig supports efficient office networking and conference room setups, enabling fast data transfer and low latency for various business applications. This technology is essential for creating seamless wireless environments that support high-bandwidth activities such as video conferencing, large file transfers, and collaborative work. Companies are leveraging WiGig to enhance their IT infrastructure, improve productivity, and reduce operational costs. The enterprise segment sees continuous growth as businesses invest in advanced wireless solutions to stay competitive and meet the demands of a connected workforce.

• Healthcare: WiGig technology enhances healthcare applications like wireless patient monitoring and telemedicine, improving treatment outcomes and operational efficiency in medical facilities. High-speed, reliable wireless communication is crucial for real-time data transfer and remote consultations, making WiGig an integral part of modern healthcare systems. Hospitals and clinics are adopting WiGig to support advanced medical devices and applications, enabling better patient care and streamlined operations. The healthcare sector’s focus on digital transformation and telehealth services drives the demand for WiGig technology, which offers robust and secure connectivity solutions.

• Automotive: The automotive sector uses WiGig for in-vehicle communication and infotainment systems, providing a better-connected car experience with advanced wireless features. WiGig technology supports high-speed data transfer for applications such as navigation, entertainment, and vehicle-to-vehicle communication, enhancing safety and convenience for drivers and passengers. Automotive manufacturers are integrating WiGig to offer innovative connectivity solutions that cater to the growing demand for smart and connected vehicles. This segment is poised for significant growth as the automotive industry continues to embrace digital technologies and advanced communication systems.

• Industrial: Industrial applications of WiGig include machine-to-machine communication and automation, driving productivity and operational efficiency in manufacturing processes. WiGig’s high-speed, low-latency wireless communication capabilities are ideal for supporting complex industrial systems and IoT applications. Factories and industrial facilities are adopting WiGig to enhance their automation and control systems, enabling real-time data exchange and remote monitoring. The industrial segment benefits from WiGig’s ability to provide reliable and robust connectivity in challenging environments, making it a critical component of modern industrial operations.

By Frequency Band:

• 60 GHz: The 60 GHz band is used for high-speed, short-range communication, ideal for applications requiring rapid data transfer with minimal latency. This frequency band supports high-bandwidth activities such as VR, HD video streaming, and large file transfers, making it a preferred choice for consumer and enterprise applications. The 60 GHz band offers significant advantages in terms of speed and reliability, driving its adoption in various sectors. Companies are developing advanced solutions to maximize the potential of this frequency band, enhancing user experiences and operational efficiency.

• Multi-band: Multi-band capabilities provide seamless connectivity across different frequency bands, enhancing range and speed, and supporting a variety of applications from residential to industrial settings. Multi-band WiGig devices can switch between bands to optimize performance, ensuring reliable and efficient wireless communication. This versatility makes multi-band WiGig solutions attractive for diverse use cases, including smart homes, offices, and industrial environments. The ability to deliver consistent connectivity across multiple bands is a key driver for the adoption of multi-band WiGig technology, offering users flexibility and enhanced performance.

By Distribution Channel:

• Online: Online channels, including e-commerce platforms and direct sales from manufacturers, provide easy access for consumers and businesses to purchase WiGig products, supporting a broader market reach. The convenience of online shopping, coupled with the availability of a wide range of products, drives the growth of this distribution channel. Manufacturers and retailers are leveraging digital platforms to market and sell WiGig devices, offering competitive pricing and fast delivery services. The increasing preference for online shopping among tech-savvy consumers contributes to the expansion of the online distribution channel for WiGig products.

• Offline: Offline channels, like electronics stores and specialized IT hardware stores, offer hands-on experiences and immediate availability of WiGig products, catering to consumers who prefer in-person shopping. These physical stores provide customers with the opportunity to see, touch, and test WiGig devices before making a purchase, enhancing the shopping experience. Retailers are focusing on creating informative and engaging in-store displays to educate consumers about the benefits of WiGig technology. The offline distribution channel remains an important part of the market, especially for buyers seeking personalized service and expert advice.

Report Scope

US WiGig Market Competitive Landscape

The US WiGig Market is highly competitive, with a large number of manufacturers operating in US. Some of the key players in the market include:

• Qualcomm Technologies Inc.
• Intel Corporation
• Broadcom Inc.
• Cisco Systems Inc.
• MediaTek Inc.
• Marvell Technology Group Ltd.
• NXP Semiconductors
• Samsung Electronics Co. Ltd.
• Panasonic Corporation
• Huawei Technologies Co. Ltd.
• NEC Corporation
• Fujitsu Limited
• TP-Link Technologies Co. Ltd.
• Netgear Inc.
• Peraso Technologies Inc.
• Blu Wireless Technology Ltd.
• Sivers IMA AB
• ADTRAN Inc.
• Lattice Semiconductor Corporation
• Analog Devices Inc.
• Others

These Companies in the US WiGig Market operate through various strategies such as product innovation, mergers and acquisitions, and partnerships.

New entrants in the market often adopt innovation and development to differentiate themselves and gain a foothold. These newcomers typically emphasize product innovation and diversification strategies, such as introducing technologically advanced WiGig devices and creating user-friendly and aesthetically appealing designs.

Several brands explore eco-friendly options, such as sustainable materials and energy-efficient manufacturing processes, appealing to environmentally conscious consumers. Additionally, strong branding efforts and marketing strategies play a vital role in increasing market growth and customer engagement.

The US WiGig Market is segmented as follows:

By Product Type

• Chips and Modules
• Devices
• Networking Equipment
• Peripherals

By Application

• Consumer Electronics
• Enterprise
• Healthcare
• Automotive
• Industrial

By Frequency Band

• 60 GHz
• Multi-band

By Distribution Channel

• Online
• Offline