WiGig (802.11ad) Market to Be $7+ Billion in 2024

WiGig (Wi-Fi 802.11ad) was developed for very high-speed, short range wireless connectivity such as for connecting CE devices that are near each other – say a 4K net-top box wirelessly streaming flicker-free 4K videos to a TV set. It uses the unlicensed 60 GHz band. WiGig tri-band enabled devices operating in the traditional 2.4 and 5 GHz bands and its 60 GHz band can provide data transfer rates up to 7 Gbps. It’s also compatible with existing Wi-Fi. Chipmakers Intel and Qualcomm have been promoting it. Using existing components developed for WiGig, it can also offer a low-cost solution, compared to traditional telecom networks, for offering multi-gigabit broadband in dense, urban areas. Facebook’s Connectivity Lab is developing and testing an experimental WiGig-based technology it calls Terragraph.

It appears there will be a huge market for WiGig, according to a report from Grand View Research that said the global WiGig market size is expected to reach $7.42 billion by 2024 because of consumers’ increasing need for improved Internet connectivity and better speed that is driving the demand. The report says the high penetration of smartphones and use of multiple devices are contributing to the overall industry growth. Consumers around the world demand high-speed connectivity without wires. Because of WiGig’s multi-gigabit data transfer speeds, it will be widely used for applications such as video streaming and backups.

The report says that Wi-Gig in the 60GHz spectrum can provide more network capacity that makes it a feasible extension for the congested 2.4GHz/5GHz Wi-Fi spectrum. It mentions industries.

Companies that will be large users of WiGig, it said, are media and entertainment, online gaming, healthcare, hospitality, educational institutions, research environments, and financial services. Businesses are increasingly deploying resources to the cloud, whether a public, private, or hybrid cloud environment. They will need WiGig’s speed and reliability to maximize the effectiveness of cloud computing.

The report said the key vendors in the WiGig market include Intel, Qualcomm, Broadcom, Panasonic, Marvell, NEC, Cisco, MediaTek, Nvidia and Azurewave Technologies.

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