USD 12.24 billion
Report ID:
SQSG45H2015 |
Region:
Global |
Published Date: February, 2024
Pages:
260
|Tables:
112
|Figures:
76
Wi-Fi 6 And Wi-Fi 6E Chipset Market size was valued at USD 12.24 billion in 2019 and is poised to grow from USD 13.3 billion in 2023 to USD 34.5 billion by 2031, growing at a CAGR of 13.83% in the forecast period (2024-2031).
Wi-Fi 6 is the most recent Wi-Fi technology standard, and it was created in response to the ever-increasing number of connected devices throughout the world. If you have a virtual reality (VR) device, several smart home gadgets, or just a large number of devices in your home, a Wi-Fi 6 router may be the best solution for you. Wi-Fi 6 use both 1024-QAM and a 160 MHz channel to create a signal with more data and a wider channel, respectively, in order to make your Wi-Fi faster. This means there will be no stuttering whether utilising virtual reality or streaming video in 4K or even 8K quality. More importantly, Wi-Fi 6 technologies such as MU-MIMO and OFDMA provide up to four times the capacity of previous generations and can manage more devices. Hosting house parties would be a snap with Wi-Fi 6 since the network could easily accommodate all of your visitors and the electrical devices they bring. Wi-Fi 6E is the same as Wi-Fi 6, with the exception of an "E" that stands for "Expanded." This refers to an increased number of wireless bands, specifically the 6 GHz frequency. In other words, Wi-Fi 6E is Wi-Fi 6 that has been stretched to the 6 GHz spectrum.
During the projection period, the market is expected to be driven by the rising requirement for increased network, low latency, and bandwidth communications across companies. The considerable increase in data traffic has pushed the demand for enhanced network connection across a variety of industries, including corporate and industrial. Thus, during the next seven years, it is projected that the installation of wi-fi 6 and 6E devices will expand, as will the need for their chipsets. Broadcom Inc. launched the BCM4389, the world's first Wi-Fi 6E consumer product, in 2019. The device raises the level to support the soon-to-be-operational 6 GHz spectrum as well as wider 160 MHz channel bandwidths, tripling speeds and lowering latency in half when compared to the prior device. The BCM4389 provides over 2 Gbps real-world speeds and up to 5 times better energy usage, making it a fantastic solution for future Augmented Reality/Virtual Reality (AR/VR) devices and flagship smartphones. The advantages of the new chipset technology over the legacy wireless standard are predicted to greatly accelerate its adoption from 2021 to 2028.
US Wi-Fi 6 And Wi-Fi 6E Chipset Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 12.24 billion
Largest Segment
Wi-Fi 6
Fastest Growth
Wi-Fi 6
Growth Rate
13.83% CAGR
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Global Wi-Fi 6 and Wi-Fi 6e chipset market is segmented on the basis of chipset type, device type, application, and region. By chipset type, the Wi-Fi 6 And Wi-Fi 6E Chipset Market is segmented into Wi-Fi 6 and Wi-Fi 6e. On the basis of device, the Wi-Fi 6 And Wi-Fi 6E Chipset Market is classified into WLAN Infrastructure Devices, consumer devices (smartphones/tablets, desktops/laptops, AR/VR and wearables, smart home devices, and others), wireless cameras, industrial IoT devices, connected vehicles, drones, and others. According to application, the Wi-Fi 6 And Wi-Fi 6E Chipset Market is segmented into residentials/consumers, commercial (enterprises/corporates, airports, stadiums, malls/shops, hospitals, hotels & restaurants, educational campuses, and others), industrial (smart manufacturing, energy & utility, and oil & gas and mining), smart city, transportation & logistics, government & defense, and others. By region, the Wi-Fi 6 And Wi-Fi 6E Chipset Market is segmented into North America, Europe, Asia Pacific, Latin America, and MEA.
Wi-Fi 6 And Wi-Fi 6E Chipset Market Analysis by Device Type
In terms of value, WLAN infrastructure equipment accounted for more than 40.0% of the market in 2021. This is due to the tremendous demand for chipsets to be assembled into the next routers, gateways, repeaters, and extenders. It is due to the increased demand for chipsets for next-generation routers, gateways, repeaters, and extenders. A significant increase in the need for increased bandwidth capacity among business clients is projected to drive the global implementation of Wi-Fi 6 access points/routers. Furthermore, it is expected that a strong emphasis on offering improved client services and experiences by increasing network bandwidth capacity would enhance the adoption of next-generation WLAN infrastructure. As a result, the demand for 6 and 6E chipsets for these WLAN devices is expected to rise.
With the advent of new wireless standards, there has been an increase in demand for Wi-Fi 6 and 6E chipsets to interface with new consumer products such as smartphones, laptops, and AR/VR headsets. Consumer devices may now handle a variety of new use cases thanks to the new chipset technology. These use cases mostly include cloud-based games, 4K/UHD movies, and seamless video conferencing. As a result, it is expected that rising consumer spending on cutting-edge technology would boost the market for consumer products that use wi-fi 6 chipsets. Samsung was the first to release the Galaxy S10, but Apple, LG, Huawei, and others quickly followed suit. The iPhone SE is the most affordable phone that can connect to faster Wi-Fi 6 networks.
Wi-Fi 6 And Wi-Fi 6E Chipset Market Analysis by Application
In terms of value, the commercial category owned a proportion of more than 35.0% in 2021, and by 2028, the demand from the enterprises/corporates category would approach 1 billion units. The rapid increase is connected to the growing need for improved wireless connectivity in corporate workplaces. Office workers nowadays use video conferencing to connect with clients and coworkers, learn through video streaming, and host a range of cloud apps. This demands high-speed internet connectivity, necessitating the usage of 6 and 6E routers, as well as Wi-Fi-6 capable end user devices such as laptops. As a result, demand for chipsets is likely to rise throughout the predicted period.
The rapidly growing Internet of Things (IoT) devices have increased the usage of Wi-Fi 6 and 6E chipsets across a variety of industrial verticals, including healthcare, manufacturing, smart cities, and government. In Future, the number of IoT connections is estimated to approach 4 billion. As a result, the deployment of 6 and 6E devices is expected to grow dramatically throughout the forecast period. As a result, demand for chipsets is likely to rise.
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In 2021, Asia Pacific had the largest volume share—more than 35.0%. This is explained by the significant rise in financing for the development of products including as laptops, routers, and cellphones that use wi-fi 6 and 6E chipsets. These devices deliver a unified network experience while also supporting next-generation wireless frequency bands. The Asia Pacific market is expected to grow considerably between 2022 and 2028 as a consequence of the presence of large wi-fi 6 and 6E chipset manufacturing facilities in key countries like as China, Japan, South Korea, and Singapore.
The market in North America, United States took a large chunk in 2021. The United States is investing heavily in developing smart cities, creating smart homes, and implementing smart industries. Customers in the United States, on the other hand, are increasingly favouring online/cloud gaming with high-quality graphics. Furthermore, the country is emerging as an early adopter of smart transportation infrastructure and self-driving cars. These advancements are expected to raise demand for wi-fi 6 and 6E chipset components in the United States between 2021 and 2028.
Furthermore, as a result of the current COVID-19 epidemic, various nations, including the United States, China, Japan, the United Kingdom, and Germany, are rapidly investing in digital healthcare infrastructure. This would help with telemedicine, remote diagnostics and surgery, and remote patient monitoring. This, in turn, is predicted to propel hospital segment expansion from 2022 to 2030.
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Wi-Fi 6 And Wi-Fi 6E Chipset Market Driver
Growing Need for Enhanced Communication Network to Boost Market Growth
Wi-Fi 6 And Wi-Fi 6E Chipset Market Restraint
COVID-19 Pandemic Negatively Affected the Production of Wi-Fi Chipsets
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To deliver Wi-Fi 6 chipsets, key manufacturers are strategically focused on cooperating with end-use clients such as smartphone makers. Cisco and Apple, for example, partnered on Wi-Fi 6 in 2021 to increase uplink performance for real-time interactive video and audio apps like FaceTime and Webex. The collaboration resulted in the 'Fastlane+' feature, which alters Wi-Fi protocols to enable far more effective uplink scheduling. Broadcom Inc. formed a collaboration and agreement with Apple Inc. in January 2021. Broadcom Inc.'s Wi-Fi 6 chipsets will be used in Apple Inc.'s smartphones, laptops, and iPads as part of the strategic alliance. The supply arrangement for the chipset was valued USD 15 billion.
Wi-Fi 6 And Wi-Fi 6E Chipset Market Top Player's Company Profiles
Wi-Fi 6 And Wi-Fi 6E Chipset Market Recent Developments
Growing E-Learning Trendshave Accelerated the Adoption of Next-Generation WLAN
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global Wi-Fi 6 and Wi-Fi 6e chipsets market analysis, due to the fast rising deployment of wi-fi 6 routers and gateways across residential, commercial, and industrial applications, the WLAN infrastructure devices sector accounted for a substantial market volume, i.e., 393.6 million units, in 2021. The value of the wi-fi 6E category is expected to exceed the entire market size by 2028. The rapid increase can be attributed to the expanded frequency band, i.e., 6GHz supporting capabilities, which enables mission-critical applications like as linked cars. Asia Pacific led the market in terms of volume, accounting for 376.5 million units in 2021. The existence of several electronic manufacturing hubs in major nations such as China, Japan, South Korea, and others accounts for a sizable percentage. Rapidly expanding expenditure on digital infrastructure across the healthcare sector, smart city initiatives, smart manufacturing, and corporates is expected to grab a USD 14.3 billion market share in the United States by 2028. Several major firms throughout the world are aggressively pursuing mergers and acquisitions in order to improve their market position and extend their total product offerings.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 12.24 billion |
Market size value in 2031 | USD 34.5 billion |
Growth Rate | 13.83% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Wi-Fi 6 And Wi-Fi 6E Chipset Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Wi-Fi 6 And Wi-Fi 6E Chipset Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Wi-Fi 6 And Wi-Fi 6E Chipset Market size was valued at USD 12.24 billion in 2019 and is poised to grow from USD 13.3 billion in 2023 to USD 34.5 billion by 2031, growing at a CAGR of 13.83% in the forecast period (2024-2031).
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Report ID: SQSG45H2015
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