The WiGig market will grow at a good pace. The important drivers include the increasing demand for fast internet, acceptance of the BYOD policy at offices, and growing sales of portable devices. In future, the requirement for WiGig solutions will rise the fastest in APAC because of the economic development in China and India, flourishing IT & telecom sector, and surging smartphone acceptance.
Consumer electronics had the largest demand in the past. This is because of the budding sales of consumer electronics that bid faster internet access. As a result of this fact, this will hold a significant share in the future as well.
Docking stations dominated the industry in the past and it will similarly experience the highest growth rate in the future. The requirement for docking stations is increasing because of the acceptance of the BYOD policy, allowing employees to get their own devices at the workplace and provide them internet connectivity through a docking station.
North America had the highest revenue in the past owing to the rapid acceptance of novel standards for wireless communication and numerous semiconductor manufacturers investing in these technologies.
In future, APAC will be fastest-growing because of the increasing IT sector and increasing internet penetration, particularly in China and India. Both these factors are subsequent in a surge in internet users, propelling the requirement for WiGig solutions.
The important trend in the WiGig market is the acceptance of novel wireless communication for dealing with the growing network cramming. The Wi-Fi dual bands of 2.4–5 GHz, currently in use, are observing dense network congestion because of the increase in the total volume of smartphone users.
The increasing demand for portable electronic devices is a strong factor driving the industrial growth. The growing sales of smartphones, laptops and tablets are because of the advanced features offered by producers for attracting customers and surging income of people, particularly in emerging economies. Therefore, seeing that innovative wireless communication, like the 802.11ad WiGig standards operating at 60 GHz, are obtainable, companies of consumer electronics adopt these standards.
The market is consolidated in nature because of the existence of only a few players. The major share is held by 5 companies, that are, Qualcomm Incorporated, Cisco Systems Inc., Broadcom Inc., Panasonic Corporation and Intel Corporation, as they are the main choice of customers for WiGig solutions on account of their reputation and quality of the product offered.
Due the rising demand of the high-speed internet, acceptance of BYOD at workplace, and increasing sales of portable devices, all play a positive role to play in increasing the demand for WiGig solutions around the globe.
