Global Wireless Gigabit (WiGig) Market Worth $ 4.8 Billion by 2018
DALLAS, October 16, 2012 /PRNewswire/ --
The report "Wireless Gigabit (WIGIG) [60 GHZ; 802.11AD; 7GBPS NEXT-GEN Wi-Fi] - Global
Advancements, Emerging Applications, Business Models, Technology Roadmap, Market Forecasts
& Analysis (2014 - 2018)" published by MarketsandMarkets (http://www.marketsandmarkets.com
), defines and segments the global 60 GHz WiGig market with analysis and forecasting of
the global revenues. It also identifies drivers and restraints for this market with
insights on trends, opportunities, and challenges.
Browse 100+ market data tables spread through 187 pages and in-depth TOC on "Wireless
Gigabit (WIGIG) [60 GHZ; 802.11AD; 7GBPS NEXT-GENWi-Fi] - Global Advancements, Emerging
Applications, Business Models, Technology Roadmap, Market Forecasts & Analysis (2014 -
2018)". http://www.marketsandmarkets.com/Market-Reports/wireless-gigabit-wigig-market-812.html
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MarketsandMarkets has segmented the Wireless Gigabit market by types of WiGig enabled
products and applications. The solutions' segment comprises of mobile communication &
computation devices, Consumer electronics and Network Infrastructure devices. This is
further segmented into Smartphones & Tablets, PC & PC Peripherals, Notebooks & Docking
Stations, Televisions, Digital Cameras, and Camcorders; whilst the application segment
includes Wireless data sharing and Internet access (Wireless docking), Wireless displays
and Video streaming, and Backup via synchronization. The Products and application markets,
along with each of their sub-segments are further bifurcated by geographies. Geographies
covered include North America (NA), Europe, Asia-Pacific including Japan (APAC), Middle
East & Africa (MEA), and Latin America (LA).
The major forces driving the market are wireless connectivity, tri band functionality,
and incredible speeds upto 7Gbps. At the same time, various opportunities exist for
consumer electronics manufacturers, handheld devices manufacturers, and networking
equipment manufacturers, as Wigig enables interoperability within the ecosystem.
With the advent of the latest home entertainment and computing devices like HD
Television, tablets, PCs, and other multimedia digital devices, consumers now have more
digital entertainment options than ever before. This growth has exposed the need for
faster data transfer and wireless connectivity, which facilitates instantaneous transfer,
display, sharing and streaming across all computing and multimedia devices. WiGig is set
to evolve as the key technology to revolutionize the mobility trends by seamless wireless
communications. The Wireless Gigabit alliance, with its key alliance members has been
rigourously promoting the technology through lot of plugfests and consumer shows. Over the
next 5 years, WiGig is expected to become highly pervasive and ubiquitous across the
mobility ecosystem.
The global WiGig market is estimated to grow from 42.75 million in 2013 to 4.8 billion
in 2018. This represents a compound annual growth rate (CAGR) of 157.1% from 2013 to 2018.
In the current scenario, communication and computation devices are expected to be largest
adaptor for WiGig. In terms of geographies, North America is poised to be the biggest
market for WiGig. However, over the next six years, Asia-Pacific (APAC) will experience
increased market traction, to become the biggest WiGig market globally.
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