The WiGig market was valued at USD 1745 million in 2019, and it is expected to reach USD 5,229.1 million by 2025, recording a CAGR of 19.7% during the forecast period. Tri-band router is driving the trend of running on three subnetworks, one each at 2.4 GHz, 5 GHz, and 60 GHz.
– Currently, one of the issues with the popular wireless standards is that they either have very limited bandwidth (e.g., Bluetooth), or they are subject to inconsistent performance due to interference and congestion (e.g., Wi-Fi). However, newer standards are emerging, such as 802.22ad or WiGig, which aim to solve both the problems for short-range communication between devices.
– In order to complement the enhancements to Wi-Fi Certified ac, Wi-Fi Alliance introduced Wi-Fi Certified WiGigig to accelerate the commercial availability of WiGig devices. WiGig operates in the less-crowded 60 GHz frequency band, which enables extremely high-performance, multi-gigabit connectivity, and low latency for a range of applications, such as wireless docking, augmented reality/virtual reality (AR/VR), multimedia streaming, gaming, and networking.
– Many countries have assigned a 7 GHz or more spectrum in the 60 GHz band, which is either unlicensed (like the present Wi-Fi at 2.4 GHz) or lightly licensed. For example, in the United Kingdom and the United States, the 57-64 GHz band is exempt from licenses. The 64-66 GHz band is lightly licensed in the United Kingdom, which means that the users should notify the regulator where and when they use the frequency, although there is no fee for using it.
– Due to the outbreak of COVID-19 in various countries in Asia-Pacific, a majority of these vendors’ functions have been disrupted. This halted the manufacturing operations of these companies and affected the global supply network, which negatively impacted the market. The market is not expected to witness growth until the countries recover from the outbreak of COVID-19.
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Key Market Trends
Rising Adoption of High-resolution Videos to Significantly Drive the Market
With the 5G technology expected to be the most significant next-generation cellular network technology in 2020, especially in the urban areas, the adoption of OTT (over-the-top) content is expected to increase.
Furthermore, with the latest OTT trends, streaming 4K video takes up to around 30 Mbps on internet bandwidth. In order to stream high-resolution videos, one must have at least double the currently available bandwidth, which is unusual for the consumer-grade internet connections. However, with the launch of 5G, the extra bandwidth is expected to make 4K and VR (virtual reality) streaming the defining features during the forecast period. The increased demand for high-resolution videos is expected to lead to the adoption of superior wireless networking standards, such as WiGig.
In the past, the technology companies, such as Wilocity and DisplayLink, demonstrated WiGig-enabled 4K graphics and videos at Intel’s developers’ forum. Furthermore, wireless video streaming in the millimeter-wave range received a lot of attention in both the academic and industrial communities.
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