Transparency Market Research Report Added "Wireless Gigabit (Wigig) Market" to its database.
Albany, NY -- (SBWIRE) -- 03/26/2015 -- Wireless technology is the 'in' thing in every aspect of day-to-day life. Its massive convenience over wired devices, including and not limited to drastically increased portability and lowered risk of physical damage, makes it the preferred mode of transmission in everything from telephones to gaming console controllers. The market for wireless technology and devices is expected to rise at a healthy rate in the coming years.
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Further progress of wireless technology is expected to be largely in the form of the more advanced form wireless technology of wireless gigabit, or WiGig. It is the latest innovation in wireless technology. It is a form of wireless transmission that operates in a bandwidth range of 60 Hz or more. This ensures that WiGig operates even faster than WiFi. The advanced nature of WiGig also brings with it more data security and accuracy. The constant demand from consumers for faster modes of data transfer means that it is a matter of time for WiGig to replace WiFi as the dominant mode of wireless communication in electronics. This is expected to happen in the next few years.
The WiGig market is in its preliminary stages right now. That it hasn't already replaced WiFi as a dominant wireless mode is evidence of the research and development still to be performed in it. This is one of the major market opportunities concerning WiGig. Further research and innovations into WiGig will iron out the few remaining kinks in the technology and make it suitable for a universal integration into electronic devices.
However, the lack of upgraded devices that can support WiGig at present is a major restraint for the WiGig market. Virtually all major consumer electronic devices use WiFi technology, as it is the most advanced wireless communication mode available at present. The inertia that has to be encountered every time a new sweeping change is made in the global technological paradigm is a restraint to the WiGig market. Once a major electronics manufacturer takes the bold step of incorporating WiGig compatibility into their models, the market should pick up speed.
The WiGig market is segmented on the basis of the types of devices in which it is used. The product categories include mobile phones, computers, docking stations, tablets, TVs, digital cameras, and other networking devices. According to application, the WiGig market is classified into wireless docking systems, wireless display systems, and wireless backup through the means of synchronization systems.
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Advanced tablets and mobile phones are under constant innovation to improve the user experience. This is expected to include WiGig in the near future, since these devices need instant synchronization.
Geographically, the global WiGig market is divided into North America, Asia Pacific, Europe, and Rest of the World. The Asia Pacific market for WiGig is expected to grow at the fastest rate in the coming years, due to increasing sales of advanced consumer electronics that will soon incorporate WiGig connectivity. Markets with a large consumer base and strong financial backing, such as China and India, are crucial for the growth of the market in Asia Pacific. These two countries are not only the most populous countries in the world, but also have two of the fastest growing economies in the world. This is increasing the spending power of the average consumer in these countries, boosting the consumer electronics market.
Due to the relatively undeveloped and emergent nature of WiGig technology, the global market for the same is highly concentrated in the hands of large, multinational companies. This competitive landscape is expected to continue at least until WiGig technology is made widely compatible with electronic devices through further innovation. Some of the major players in the global WiGig market are Cisco, Qualcomm Atheros, Broadcom, Azurewave, Nitero, Wilocity, and NVIDIA.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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