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The global WiGig market was valued at US$ 2.7 Billion in 2022.
We expect the global WiGig market to exhibit a CAGR of 17.6% during 2023-2028.
The rising adoption of WiGig for general-purpose networking, Personal Computer (PC) docking, gaming, multimedia streaming, file transferring, and various enterprise applications, is primarily driving the global WiGig market.
The sudden outbreak of the COVID-19 pandemic had led to the limitation on executing various allocated tasks, such as delivering large files, running bandwidth applications, and projecting graphics and audio to a large screen, during remote scenario, thereby negatively impacting the global market for WiGig.
Based on the product, the global WiGig market has been segmented into networking devices and consumer electronics. Currently, consumer electronics hold the majority of the total market share.
Based on the protocol, the global WiGig market can be divided into 802.11ac and 802.11ad, where 802.11ac exhibits a clear dominance in the market.
Based on the enterprise size, the global WiGig market has been categorized into small and medium-sized enterprises and large enterprises. Currently, large enterprises account for the largest market share.
Based on the end use industry, the global WiGig market can be segregated into BFSI, healthcare, IT and telecom, retail, media and entertainment, and others. Among these, the IT and telecom industry holds the majority of the global market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global WiGig market include Blu Wireless, Broadcom Inc., Cisco Systems Inc., Intel Corporation, Marvell Technology Inc., NXP Semiconductors N.V., Panasonic Corporation, Peraso Technologies Inc., Qualcomm Technologies Inc., Samsung Electronics Co. Ltd., Sivers Semiconductors AB, and Tensorcom Inc.
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