Prominent Trends in the WiGig Industry That Benefit Telecom Businesses

Highlights

• Introduction
• Trends in the WiGig sector
• Prominent collaborations and new product launches in the industry

WiGig involves a diverse range of services and products that enable high-speed wireless connectivity for various applications, including data transfer, streaming multimedia, and virtual reality. It provides a smooth data transmission and communication option between gadgets without physical wires and is an effective alternative to traditional wired connections. It involves networking equipment such as access points, routers, and other devices designed to facilitate fast wireless connections in offices, households, and public areas.

The surge in digital transformation has led to a rapid rise in demand for resilient, trustworthy, and high-speed connectivity. WiGig meets this demand by offering high-speed connections with reduced latency, catering to various use cases such as streaming 8K videos, video conferencing, AR/VR applications, and gaming, thus making it a preferred choice over other technologies. Owing to the high adoption of WiGig for networking applications, the networking segment is anticipated to hold the highest revenue of $123.8 million from 2023 to 2032.

Trends contributed to the transformation of the WiGig sector

A prominent trend in the global WiGig sector is the increase in inclination toward BYOD (bring your own device) among companies. As more companies adopt BYOD policies, their IT expenditure increases to improve network throughput. With rise in use of mobile phones and other electronic devices in the workplace, there is a surge in dependency on WiFi hotspots, speed, and high bandwidth to support various services and applications worldwide. In addition, many companies are focused on developing technologies to efficiently manage high-speed data as the demand for high-speed connectivity increases. This, in turn, creates a demand for WiGig, which is estimated to support industry growth.

WiGig technology operates at 60 GHz and enables wireless transfer of audio & video data at speeds of up to 5 gigabits per second, which is ten times faster than current wireless transfer rates at one-tenth of the cost. Moreover, it offers additional benefits, such as ease of operation and high speeds. As a result, the demand for WiGig technology is significantly increasing, especially for display devices.

Asia-Pacific WiGig industry is at the forefront

The WiGig sector across Asia-Pacific has experienced growth due to several factors. These include surge in demand for high-speed internet, necessity for technologically advanced enterprise infrastructure, rise in consumer spending on digital media, and increase in investments in smart city initiatives. Among the emerging countries in Asia-Pacific, India is estimated to cite the fastest CAGR of 37.3% from 2023 to 2032.

Top players’ strategies to strengthen their position in the competitive industry

The global WiGig sector is highly competitive, and frontrunners have adopted strategic alliances to sustain the dynamic industry. For instance, Facebook's parent company, Meta, collaborated with an Australian Internet Service Provider, Move Up Internet (MUI), in August 2023, to introduce an Internet service developed by Meta. Utilizing the WiGig standard technology and Meta's multi-gigabit Terragraph technology, operating on the 60GHz spectrum, the company offers gigabit Internet service to residents and businesses throughout the Sunshine Coast region of Australia.

On the other hand, in June 2023, Marvell launched a new Ethernet-based central single-chip switch designed to assist automotive OEMs in providing software-defined services for the next generation of cars, while also enhances security. Marvell developed these chips to meet the security specifications required by OEMs, including Layer 2 MACsec link protection for authentication and encryption.

Similarly, Broadcom Inc. announced the availability of its second generation of wireless connectivity chipset solutions for the Wi-Fi 7 ecosystem in June 2023. These solutions cover a range of devices, including residential gateways, Wi-Fi routers, client devices, and enterprise access points. The second-generation Wi-Fi 7 chips by Broadcom enhance the existing ecosystem while also introducing additional functionality to cater to a broader sector.

To conclude, WiGig operates at 60 GHz frequency, providing a smooth communication and data transmission option between devices and as an effective alternative to traditional wired connections. Moreover, it offers additional benefits, such as ease of operation and high speeds. Moreover, the 5G evolution is expected to open new avenues for the global WiGig industry in the upcoming era. 

For detailed estimations of the global WiGig Industry with competitive analysis, feel free to contact us!

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