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In a recently published report, .Global Wigig Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Wigig Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Wireless GigaBit Technologyis a short-range wireless technology, which operates in the unlicensed 60 GHz range. The Wireless Gigabit technologyprovides connectivity speedup to 7 Gbps, which are ten times faster than the current Wi-Fi technologies. Data such as HD videos, audio and multimedia applications can be transferred at high speed can be done up to a range of 10-12 meters without any wire, without compromising on the quality or accuracy.Various benefits of the WiGig Technology are backward compatibility, support of tri-band services and data security. WiGigtechnology is being backed by the WiGig Alliance, which is supported by various standardization bodies of the industry such as IEEE, VESA and Wi-Fi Alliance. It is a phenomenal revolution in Video Streaming technology, which requires a continuous flow of information. The WiGig technology supports high-frequency rates and nominal interferences, and its specifications are compliant with the HDMI, A/V equipment & display port interfaces. This makes the connection as simple as connecting as connecting a dongle to the Television with a super speed Wi-Fi.With the ever-increasing need for seamless communication, digital entertainment and demand for wireless networks, the WiGig is emerging as the most sought-after next-generation technology. Many chipset giants and start-ups are also adopting WiGig on a large scale to develop a wide range of products with better features.
End-users
The end users of the Global WiGig Marketmainly include the WiGig Technology Providers, WiGig Chip Suppliers, Raw Material Suppliers, Manufacturing Equipment Providers, Research Institutes, Government Bodies, Private Equity Firms, and Venture Capitalists.
Market Dynamics
The global market for the WiGig technology is expected to grow at the compound annual growth rate of 157.1%. It is expected to be worth 4.8 Billion by 2018. With the emerging trends, Computation Devices and Communication networks will be the largest users of WiGig. The Wireless Gigabit Alliance, along with the members of the alliance has been continuously promoting the technology through consumer shows and plugfests. Some of the WiGig Alliance members include Cisco, Qualcomm, Samsung, and Broadcom. And the usage is expected to grow further in the coming years. Various WiGig usage models such as Instant Wireless Sync, Wireless Display, Wireless Docking and Access contribute to the increased adoption of the technology.
Market Segmentation
The WiGig Market is segmented based on the various Wireless Gigabyte enabled devices and the application markets. The various segments of the WiGig Technology are:
1. Devices:The communication devices include Notebooks, Personal Computers and its Peripherals, Consumer Electronics such as Television, Digital Cameras, Camcorders and Network Infrastructure Devices, Display Devices.
2. Geographic Networks: Based on the geographies covered, the regions are North America (NA), Latin America (LA), Asia-Pacificincluding Japan, Europe, Middle East and Africa.
3. Technology: Integrated Circuit Chip and System On Chip
4. Application: Networking, Commercial, and Consumer Electronics
Regional/Geographic Analysis
North America is currently dominating the Global Wireless Gigabyte Market due to the early adoption of technology with increasing number of trade relationships of America with other countries. However, Asia-Pacific is also moving ahead in the race with the increased adoption of WiGig Technology.
Key Players
WirelessGigabit Market has some prominent players such as Samsung Electric Co. Ltd. (South Korea), Cisco Systems Ltd. (U.S.), Qualcomm Atheors (U.S.),Marvell Technology Group Ltd. (U.K.), Intel Corporation (U.S.), Panasonic Corporation (Japan), NVIDIA (U.S.),Broadcom Corporation (U.S.),NEC Corporation (Japan), MediaTek (Taiwan)and AzureWave Technologies (Taiwan).
Report ContentsRegional AnalysisReport Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
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North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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Leonard Thomas
Leonard Thomas is an energetic and versatile freelance writer for 5 years, he pen down any type of articles and web content. he is a Cambridge University Business English Certificate (Europe Level) holder . he is analytical, enthusiastic and ingenious, with the essence to work variously, strives to emerge as a lucrative individual who has a grasp on market. Congenial Interpersonal skills and the competence to grab every single trivia with foolproof analysis is something he primarily posses .
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