USD 4.95 billion
Report ID:
SQMIG45I2073 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
68
|Figures:
75
Wi-Fi 6 Devices Market size was valued at USD 4.95 billion in 2019 and is poised to grow from USD 6.26 billion in 2023 to USD 32.18 billion by 2031, growing at a CAGR of 26.5% in the forecast period (2024-2031).
Wi-Fi 6 is the latest generation of wireless technology that offers faster speeds, increased capacity, and improved performance compared to previous Wi-Fi standards. Wi-Fi 6 devices are devices that are designed to use this technology, such as smartphones, laptops, tablets, and routers. Wi-Fi 6 uses advanced technologies, such as MU-MIMO (Multi-User Multiple Input Multiple Output), OFDMA (Orthogonal Frequency Division Multiple Access), and 1024-QAM (Quadrature Amplitude Modulation), to improve network efficiency, reduce congestion, and increase speed. This technology is also designed to work better in high-density environments, such as airports, stadiums, and shopping malls. Wi-Fi 6 devices are backward compatible with previous Wi-Fi standards, which means that they can connect to older Wi-Fi networks. However, to take full advantage of the benefits of Wi-Fi 6, both the device and the network it is connecting to need to support Wi-Fi 6. Overall, Wi-Fi 6 devices offer faster speeds, improved performance, and better connectivity, making them ideal for users who require high-speed internet connectivity for streaming, gaming, or other data-intensive applications.
The global Wi-Fi 6 devices market is expected to see significant growth in the coming years. This growth is driven by several factors, including the increasing demand for high-speed internet connectivity, the growing adoption of connected devices, and the need for improved network efficiency and performance. The increasing demand for high-speed internet connectivity and the growing adoption of smart home devices and other connected devices are key factors driving the growth of the market. Another factor driving the growth of the Wi-Fi 6 devices market is the increasing demand for Wi-Fi 6-enabled infrastructure, such as routers, access points, and other networking equipment. The need for improved network efficiency and performance is driving the adoption of Wi-Fi 6-enabled infrastructure in workplaces, public places, and other high-density environments. Overall, the Wi-Fi 6 devices market is expected to see significant growth in the coming years, driven by the increasing demand for high-speed internet connectivity and the growing adoption of connected devices.
US Wi-Fi 6 Devices Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 4.95 billion
Largest Segment
Smartphones
Fastest Growth
Smartphones
Growth Rate
26.5% CAGR
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Global Wi-Fi 6 devices market is segmented on the basis device type, application and region. By device type, the market is segmented into smartphones, laptops, tablets, access points, routers, and other devices. By application, market is segmented into smart home devices, gaming, virtual reality, augmented reality, and other applications. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Wi-Fi 6 Devices Market Analysis by Device Type
Smartphones are expected to be the largest segment of the Wi-Fi 6 devices market, due to their high adoption rates and the increasing demand for high-speed internet connectivity. Wi-Fi 6-enabled smartphones offer faster speeds, improved performance, and better connectivity, making them ideal for users who require high-speed internet connectivity for streaming, gaming, or other data-intensive applications. In addition, the smartphone segment is expected to grow at the fastest rate during the forecast period, as the demand for smartphones continues to rise and Wi-Fi 6 technology becomes more widely adopted. The increasing availability of Wi-Fi 6-enabled smartphones from major manufacturers is expected to drive the growth of the Wi-Fi 6 devices market in this segment.
Other segments in the Wi-Fi 6 devices market based on device types, such as laptops, tablets, and access points, are also expected to grow, but at a slightly slower rate compared to the smartphone segment. Routers, on the other hand, are expected to have a relatively stable growth rate during the forecast period, as the demand for high-speed internet connectivity in homes and businesses continues to increase.
Wi-Fi 6 Devices Market Analysis by Application
Smart home devices are expected to be the largest segment of the Wi-Fi 6 devices market based on application, driven by the increasing adoption of smart home technology and the growing demand for high-speed internet connectivity in homes. Wi-Fi 6-enabled smart home devices offer faster speeds, improved performance, and better connectivity, making them ideal for users who require high-speed internet connectivity for entertainment, security, and other applications. The COVID-19 pandemic has also accelerated the adoption of smart home devices, as people spend more time at home and look for ways to automate and optimize their living spaces. In addition, the smart home devices segment is expected to grow at the fastest rate during the forecast period, as the demand for smart home devices continues to rise and Wi-Fi 6 technology becomes more widely adopted. The increasing availability of smart home devices, such as smart speakers, smart thermostats, smart lighting, and smart security systems, is expected to drive the growth of the Wi-Fi 6 devices market in this segment.
Gaming is another significant segment of the Wi-Fi 6 devices market, driven by the increasing popularity of online gaming and the need for high-speed internet connectivity for a seamless gaming experience. Wi-Fi 6-enabled gaming devices offer faster speeds, reduced latency, and improved performance, which is important for users who require high-speed internet connectivity for gaming.
Virtual reality and augmented reality are emerging applications that require high-speed internet connectivity for a seamless experience. Wi-Fi 6-enabled VR and AR devices offer faster speeds, reduced latency, and improved performance, making them ideal for users who require high-speed internet connectivity for immersive experiences.
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The Asia Pacific region is expected to be a major contributor to the growth of the global Wi-Fi 6 devices market. This growth is driven by the increasing adoption of connected devices, such as smartphones, tablets, laptops, and smart home devices, in the region. China is expected to be a major market for Wi-Fi 6 devices, due to its large population and high adoption rate of new technologies. In addition, the Chinese government's efforts to promote the use of advanced technologies, such as 5G and Wi-Fi 6, are expected to drive the growth of the market in the country. Japan is also expected to be a significant market for Wi-Fi 6 devices, as the country is a leader in the development and adoption of new technologies. The Japanese government has also announced plans to promote the use of Wi-Fi 6 in public places such as airports and train stations, which is expected to further drive the growth of the market. Other countries in the Asia Pacific region, such as South Korea, India, and Australia, are also expected to contribute to the growth of the Wi-Fi 6 devices market. The increasing demand for high-speed internet connectivity and the growing adoption of smart home devices are key factors driving the growth in these markets. Overall, the Asia Pacific region is expected to see significant growth in the Wi-Fi 6 devices market, driven by the increasing demand for high-speed internet connectivity and the growing adoption of connected devices.
North America is one of the largest markets for Wi-Fi 6 devices, driven by the high adoption of smart homes and IoT devices. North America is the second-largest market for Wi-Fi 6 devices, accounting for over 30% of the global market share. The United States is the largest market in the region, driven by the high adoption of smart homes and IoT devices. The Wi-Fi 6 devices market in North America is primarily driven by the increasing adoption of smart homes and IoT devices, which require high-speed and reliable internet connectivity. The market is also driven by the growing demand for enterprise-grade Wi-Fi solutions in various industries, including healthcare, education, and hospitality. The North America Wi-Fi 6 devices market is also driven by various government initiatives aimed at promoting the adoption of digital technologies, such as the Smart City initiatives in several cities in the United States. The North America Wi-Fi 6 devices market is expected to continue growing in the coming years, driven by the increasing adoption of smart homes and IoT devices, as well as the growing demand for high-speed and reliable Wi-Fi solutions in various industries.
Europe is expected to be a significant market for Wi-Fi 6 devices, driven by the increasing adoption of connected devices and the growing demand for high-speed internet connectivity in the region. Countries such as Germany, the United Kingdom, France, and Italy are expected to be major markets for Wi-Fi 6 devices. These countries have large populations with high levels of disposable income, which is expected to drive the adoption of new technologies such as Wi-Fi 6. In addition, the European Union's push for increased connectivity and the development of the Digital Single Market is expected to further drive the growth of the Wi-Fi 6 devices market in the region. The increasing adoption of smart home devices and the growing demand for high-speed internet connectivity in workplaces and public places, such as airports and train stations, are also expected to drive the growth of the market in Europe. Overall, Europe is expected to see significant growth in the Wi-Fi 6 devices market, driven by the increasing demand for high-speed internet connectivity and the growing adoption of connected devices.
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Wi-Fi 6 Devices Market Drivers
Increasing demand for high-speed and low-latency internet connectivity
Advancements in Wi-Fi technology
Increasing investment in digital infrastructure
Growing demand for cloud-based services
Wi-Fi 6 Devices Market Restraints
High cost of implementation
Limited compatibility with existing devices
Interference from other wireless technologies
Security concerns
Lack of awareness and understanding
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The global Wi-Fi 6 Devices Market is highly competitive with the presence of several major players. The market is characterized by the presence of established companies with strong brand recognition and innovative product offerings. To maintain their position in the market, companies are focusing on product innovation, strategic partnerships, and mergers and acquisitions. They are also investing in research and development to bring new and innovative products to market. Additionally, companies are leveraging their brand recognition and marketing capabilities to increase their market share and reach new customers.
Wi-Fi 6 Devices Market Top Player’s Company Profiles
Wi-Fi 6 Devices Market Recent Developments
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 by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global Wi-Fi 6 Devices Market analysis, the global Market is a rapidly growing market that is expected to see significant growth in the coming years. Wi-Fi 6, also known as 802.11ax, is the latest and most advanced version of Wi-Fi technology, offering faster speeds, better performance, and improved connectivity compared to previous Wi-Fi standards. The market is expected to be driven by the increasing adoption of high-speed internet connectivity, the growing demand for wireless devices, and the increasing use of cloud-based applications and services. Additionally, the COVID-19 pandemic has accelerated the adoption of Wi-Fi 6 devices, as people work and learns from home and requires high-speed internet connectivity. Based on device type, the smartphone segment is expected to be the largest and fastest-growing segment, driven by the increasing adoption of smartphones and the growing demand for high-speed internet connectivity on mobile devices. Based on application, the smart home devices segment is expected to be the largest and fastest-growing segment, driven by the increasing adoption of smart home technology and the growing demand for high-speed internet connectivity in homes. Geographically, the Asia Pacific region is expected to be the fastest-growing market, driven by the increasing adoption of smartphones and the growing demand for high-speed internet connectivity in the region. Overall, the global Wi-Fi 6 devices market is expected to see significant growth in the coming years, driven by the increasing adoption of high-speed internet connectivity, the growing demand for wireless devices, and the increasing use of cloud-based applications and services.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 4.95 billion |
Market size value in 2031 | USD 32.18 billion |
Growth Rate | 26.5% |
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 Devices 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 Devices 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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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Wi-Fi 6 Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
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Wi-Fi 6 Devices Market size was valued at USD 4.95 billion in 2019 and is poised to grow from USD 6.26 billion in 2023 to USD 32.18 billion by 2031, growing at a CAGR of 26.5% in the forecast period (2024-2031).
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Report ID: SQMIG45I2073
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