According to a new report published by Introspective Market Research, the Global Wireless Gigabit (WiGig) Market by Product, Protocol, and Application, valued at USD 25.2 Billion in 2023, is projected to reach USD 269.1 Billion by 2032, growing at an exceptional CAGR of 30.1% from 2024 to 2032. This explosive growth is driven by the insatiable demand for high-bandwidth applications, the proliferation of data-intensive devices, and the critical need for ultra-fast, low-latency wireless connectivity to support next-generation technologies like augmented reality (AR), virtual reality (VR), and 8K video streaming.
The Wireless Gigabit (WiGig) Market, based primarily on the IEEE 802.11ad and 802.11ay standards, operates in the unlicensed 60 GHz frequency band to deliver multi-gigabit wireless speeds, often exceeding 10 Gbps. This technology offers a transformative advantage over traditional Wi-Fi (2.4/5 GHz), providing dramatically higher throughput, extremely low latency, and secure, short-range wireless links. It effectively functions as a wireless extension of fiber-optic performance, enabling cable-free connectivity that can replace high-speed HDMI, DisplayPort, and USB cables for docking, display, and data transfer applications, unlocking new levels of design flexibility and user convenience.
A Key Growth Driver: The Surge in Bandwidth-Hungry Applications and Immersive Technologies
A primary force propelling the WiGig market is the rapid emergence of applications that demand data rates far beyond the capabilities of conventional Wi-Fi. The commercial rollout of Augmented Reality (AR), Virtual Reality (VR), and 8K ultra-high-definition video requires seamless, high-throughput, and low-latency wireless connections to deliver compelling user experiences. WiGig is uniquely positioned to untether these devices from restrictive cables without compromising performance. Furthermore, the modern hybrid work environment necessitates wireless docking solutions that allow laptops to instantly connect to multiple monitors, peripherals, and networks with a single click, driving integration of WiGig into enterprise IT infrastructure and premium laptops.
A Key Market Opportunity: Integration into Next-Generation Fixed Wireless Access (FWA) and In-Home Networks
A monumental market opportunity lies in the use of WiGig (particularly 802.11ay) for high-capacity Fixed Wireless Access (FWA) and wireless backhaul. As 5G and future 6G networks densify, there is a critical need for cost-effective, ultra-fast links between cell sites and core networks. WiGig provides a compelling solution. Additionally, within the connected home, WiGig can act as the ultra-high-speed backbone, creating a multi-gigabit wireless mesh that distributes bandwidth from the fiber gateway to every room, eliminating dead zones and supporting simultaneous streaming, gaming, and telepresence applications. This evolution from a point-to-point cable replacement to a foundational home and metro networking technology vastly expands its total addressable market.
The Wireless Gigabit Market is segmented on the basis of Product, Protocol, and Application.
Product
The Product segment is further classified into Display Devices, Network Infrastructure Devices, and Chipsets & Controllers. Among these, the Chipsets & Controllers sub-segment accounted for the highest market share in 2023. This segment forms the technological heart of the market, as silicon is required to enable WiGig functionality in end devices and infrastructure. The growth of this segment is directly tied to the design wins and volume production of integrated circuits by major semiconductor companies for integration into smartphones, laptops, access points, and routers. Its leadership underscores the market's current phase, which is heavily driven by upstream component development and ecosystem building.
Application
The Application segment is further classified into Consumer Electronics, Networking, Commercial, and Others. Among these, the Consumer Electronics sub-segment is projected to exhibit the highest CAGR during the forecast period. This explosive growth will be fueled by the integration of WiGig into flagship smartphones, laptops, tablets, AR/VR headsets, and ultra-high-definition televisions. As consumers demand faster wireless screen mirroring, instant file transfers, and immersive wireless experiences, consumer electronics manufacturers are poised to become the volume drivers that bring WiGig technology to the mass market, following the classic adoption curve of previous wireless standards.
Some of The Leading/Active Market Players Are:
· Qualcomm Incorporated (USA)
· Intel Corporation (USA)
· Broadcom Inc. (USA)
· Cisco Systems, Inc. (USA)
· MediaTek Inc. (Taiwan)
· NVIDIA Corporation (USA)
· Peraso Technologies Inc. (USA)
· BluWireless Technology Ltd. (UK)
· Tensorcom Inc. (USA)
· Sivers Semiconductors AB (Sweden)
· NXP Semiconductors N.V. (Netherlands)
· STMicroelectronics N.V. (Switzerland)
· Infineon Technologies AG (Germany)
· Meta Platforms, Inc. (USA) - (for AR/VR applications)
· Microsoft Corporation (USA)
and other active players.
Key Industry Developments
News 1: Strategic Alliance for Next-Generation Automotive Connectivity
In December 2024, Qualcomm and a leading automotive OEM announced a joint development agreement to integrate multi-gigabit WiGig technology into future vehicle platforms. The aim is to enable lightning-fast wireless software updates, in-cabin infotainment streaming, and vehicle-to-device connectivity.
This partnership signals the expansion of WiGig into the automotive sector, where its high speed and low latency are critical for managing the increasing data loads of software-defined vehicles and enhancing the in-car digital experience.
News 2: Chipset Launch for Dense Enterprise Environments
In August 2024, Broadcom unveiled a new family of tri-band (2.4/5/60 GHz) Wi-Fi 7 chipsets that deeply integrate WiGig (802.11ay) capabilities. The chips are designed for high-density enterprise access points, stadiums, and auditoriums where thousands of devices require stable, gigabit-plus connections.
This launch represents the crucial convergence of WiGig with mainstream Wi-Fi, simplifying deployment for enterprises and paving the way for unified networks that can dynamically steer traffic to the best available band (2.4 GHz, 5 GHz, or 60 GHz) based on application needs.
Key Findings of the Study
· The Chipsets & Controllers product segment held the largest market share, while Consumer Electronics is the fastest-growing application.
· North America is the dominant regional market, but the Asia-Pacific region is expected to register the highest CAGR, driven by massive electronics manufacturing and consumer adoption.
· Key growth is fueled by demand for AR/VR, wireless docking, 8K video streaming, and the need for high-density wireless networking.
· The major trend is the deep integration of WiGig with Wi-Fi 6E/7 ecosystems and its expansion into Fixed Wireless Access (FWA) backhaul.
· The market is led by major semiconductor and networking giants, with competition centered on ecosystem development and integration partnerships.
