USD 10.9 billion
Wi-Fi 6 Market Size, Share, Growth Analysis, By Offering(Solution, services, hardware), By Type(Indoor, outdoor), By Application(Immersive technologies, HD video streaming & video conferencing, Smart Home Devices, IoT & industry 4.0), By Vertical(Education, Healthcare & Life Sciences, Retail & E-commerce, Government & Public Sector), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45I2128 |
Region:
Global |
Published Date: October, 2024
Pages:
255
|Tables:
91
|Figures:
76
Wi-Fi 6 Market Insights
Global Wi-Fi 6 Market size was valued at USD 4.41 billion in 2022 and is poised to grow from USD 5.70 billion in 2023 to USD 44.53 billion by 2031, growing at a CAGR of 29.3 % in the forecast period (2024-2031).
The global lockdowns and stay-at-home orders brought on by COVID-19 have unquestionably improved wireless broadband, which has increased demand for Wi-Fi 6 worldwide. Furthermore, an increase in internet users has contributed to the expansion of the global Wi-Fi 6 industry. Nevertheless, Wi-Fi 6 market expansion has been limited due to its range is shorter than that of the 5 Ghz network. Conversely, Wi-Fi is increasing access in most public places like hotels, arenas, airports, as well as shopping complexes. In years to come, there are expectations of more opportunities being created by Wi-Fi 6 technology due to the rising need for devices requiring Wi-Fi connectivity.
In recent years, the burden on Wi-Fi networks has doubled owing to the rise of networked devices such as smartphones, tablets, smart home devices, and IoT sensors. Wi-Fi 6 provides a solution to this problem due to technologies like Orthogonal Frequency Division Multiple Access (OFDMA) and Basic Service Set (BSS) Colouring that enhance network performance and speeds of data transmission quite effectively. The anticipated data rates are around 9.6 Gbps with Wi-Fi 6, which is sufficient for extreme bandwidth-demanding applications such as 4k video streaming, virtual reality, and augmented reality. As a result, it is now extensively employed for both residential as well as commercial purposes, which is further enhancing the CAGR of the market.
US Wi-Fi 6 Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Outdoor
Fastest Growth
Indoor
Growth Rate
19.6% CAGR
Global Wi-Fi 6 Market ($ Bn)
Country Share by North America (%)
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Wi-Fi 6 Market Segmental Analysis
Global Wi-Fi 6 Market is segmented on the basis of offering, type, application, vertical, and region. By offering, market is segmented into hardware, solution, and services. By type, market is segmented into indoor, and outdoor. By application, market is segmented into immersive technologies, HD video streaming & video conferencing, smart home devices, IoT & industry 4.0, telemedicine, public wi-fi & dense environments, and other applications. By vertical, market is segmented into education, healthcare & life sciences, retail & ecommerce, government & public sector, travel & hospitality, transportation & logistics, manufacturing, media & entertainment, residential, and other verticals. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Wi-Fi 6 Market Analysis by Component
As per categorization by component, the market is classified as solution, and service. Among these, solution earned the largest share and continues to dominate the global Wi-Fi 6 market share. The global WiFi-6 market is witnessing significant innovation in solution components, including routers, access points, and network management systems that enhance connectivity and user experience. The components of the solution have an upper hand as they can offer higher data rates, more capacity, and serve many more devices effectively in a compact space. Such solutions help in optimizing the performance and scalability of WiFi-6 Technologies which is essential as business and individual users seek effortless connectivity for activities such as streaming and gaming.
The service component is poised to become the fastest-growing segment in the global Wi-Fi 6 market due to the increasing demand for tailored network solutions and managed services. While embracing Wi-Fi 6 technology within their organizations, they still require experts on its application, optimization, and maintenance, so that they can take full advantage of the wireless upgrade. Demand for effective service solutions includes the integration of Wi-Fi 6 with the existing infrastructure as well as the growing focus on network security and performance management. Also, the increasing number of smart devices and IoT applications is causing the need for reliable and scalable service solutions in this segment; thus, it is contributing to this segment’s demand growth.
Wi-Fi 6 Market Analysis by Enterprise Size
In the global Wi-Fi 6 market, large enterprises are at the forefront of innovation and adoption, leveraging the technology to enhance connectivity and operational efficiency. A number of institutions take advantage of advanced Wi-Fi 6 features such as greater bandwidth and reduced latencies in order to facilitate high-density situations where hundreds of thousands of devices can be connected without any difficulty. As per the global Wi-Fi 6 market analysis, it is largely shifting towards large enterprises due to their extensive IT budgets which allow building robust network systems. Furthermore, the enterprises are also compelled to make Wi-Fi 6 a priority due to the high performance and dependable networks required for digital transformation and the use of networks to support cloud computing, the Internet of Things, among other applications.
Small and medium-sized enterprises (SMEs) are poised to become the fastest-growing segment in the global Wi-Fi 6 market due to their increasing reliance on high-speed internet for business operations and customer engagement. When SMEs embrace digital transformation, it becomes fundamentally important to have strong connectivity to facilitate remote work, cloud-based applications and smart devices. For these enterprises it is quite reasonable to enhance the performance and efficiency of their networks through the use of Wi-Fi 6. In addition, there is a rising pool of affordable Wi-Fi 6 products and services targeting SMEs which allows them to leverage the technology, hence its rapid uptake and expansion into the market.
Global Wi-Fi 6 Market By Component (%)
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Wi-Fi 6 Market Regional Insights
North America is dominating the global Wi-Fi 6 market due to its advanced technological infrastructure, high internet penetration rates, and the presence of major technology players. The strong regional investments in digital transformation and in smart city projects create the need for high-performance networking solutions, which is what Wi-FI 6 provides. In addition to that, organizations from different industries are quickly embracing Wi-Fi 6 technology to improve connectivity and cater for the rising number of connected devices, especially in urban centres. Lastly, high consumer needs for connectivity at home and in offices, the existence of conducive regulations, and a high investment in creative ideas, help maintain the foremost market status of North America.
Asia Pacific is the fastest-growing region in the global Wi-Fi 6 market, fueled by rapid urbanization, increasing smartphone penetration, and the proliferation of IoT devices. Asia Pacific countries such as China, India and Japan are investing plenty of resources in smart city initiatives and digital infrastructure which in turn increases the demand for advanced wireless technologies. With a vast expanding middle class and growing disposable incomes, the demand for high-speed internet access in residences and workplaces goes up. On top of this, deliberate government investment in the promotion of digital transformation efforts and a conducive regulatory framework are fueling the surge of Wi-Fi 6 deployment making Asia Pacific a significant contributor horizontals of wireless networking evolution.
Global Wi-Fi 6 Market By Geography
- Largest
- Fastest
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Wi-Fi 6 Market Dynamics
Wi-Fi 6 Market Driver
Increased Demand for High-Speed Connectivity
- The increasing demand for fast internet in different sectors like education, healthcare, and other entertainment activities is driving the growth of the global Wi-Fi 6 market share. With enterprises and individuals demanding continuous access for high bandwidth-oriented applications, the benefits of Wi Fi 6 are persuasive enough for users to embrace it fully.
Proliferation of IoT Devices
- The rapid expansion of Internet of Things (IoT) devices significantly boosts the demand for Wi-Fi 6 technology. As more and more intelligent devices are being designed for homes and offices, the infrastructure of the networks must support many simultaneous connections. Hence, it becomes important to have efficient and high-capacity networks. Wi-Fi 6 has the required performance and efficiency to meet such demand.
Wi-Fi 6 Market Restraints
Network Integration Hurdles Could Delay Wi-Fi 6 Adoption
- Compatibility issues with existing network devices and equipment can restrain the global Wi-Fi 6 market. It is possible that corporations may encounter obstacles in the integration of Wi-Fi 6 in their existing infrastructural designs which poses a threat to the performance and the reliability of the network. This incompatibility may deter corporations from adopting Wi-Fi 6 technology, thus prolonging its commercial availability.
Addressing Cyber Threats and Protection Gaps
- Inhibitions from the advancement of Wi-Fi 6 are also associated with security concerns regarding emerging technologies. Organizations may be apprehensive about the weaknesses that may be present in the Wi-Fi 6 standard and the cyber threat mechanisms available. The need for improved security may induce reservations, for instance among the businesses for the uptake of the Wi-Fi 6 technology in the absence of extra protection guarantees.
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Wi-Fi 6 Market Competitive Landscape
The competitive landscape of the global Wi-Fi 6 market is characterized by rapid innovation and the presence of major international players. Firms such as Cisco Systems, Qualcomm, Arista Networks, and Netgear are exploring sophisticated Wi-Fi 6 solutions for market penetration. These players are concentrating on performance improvement, product range expansion, and increasing the investment towards research and development owing to the rising demand for high-speed connectivity. Such companies also engage in merger and acquisition activities for the purpose of enhancing their market share.
Wi-Fi 6 Market Top Player's Company Profiles
- Cisco (US)
- Qualcomm (US)
- Broadcom (US)
- Huawei (China)
- Juniper Networks (US)
- Netgear (US)
- Intel (US)
- Extreme Networks (US)
- Ubiquiti Networks (US)
- Fortinet (US)
- Aruba Networks (US)
- NXP Semiconductors (Netherlands)
- AT&T (US)
- D-Link (Taiwan)
- Alcatel-Lucent (France)
- TP-Link (China)
- MediaTek (Taiwan)
- Telstra (Australia)
- Murata Manufacturing (Japan)
- Sterlite Technologies (India)
- Renesas Electronics (Japan)
- H3C Technologies (China)
- Keysight Technologies (US)
- Rohde & Schwarz (Germany)
- LitePoint (US)
- Cambium Networks (US)
- Senscomm Semiconductor (China)
- Xunison (Ireland)
- Redway Networks (UK)
- Vsora (France)
- Federated Wireless (US)
- Actiontec Electronics (US)
- ADB Global (Switzerland)
- SDMC Technology (China)
- Edgewater Wireless Systems (Canada)
Wi-Fi 6 Market Recent Developments
- In October 2023, Cisco Systems declared the launch of their latest Wi-Fi 6E access points meant to provide high-speed connectivity and better performance levels to companies. These access points make use of the 6 GHz band that enjoys less congestion and greater capacity making them suitable for high-end density spaces.
- In September 2023, TP-Link presented its new collection of Wi-Fi 6 routers, which come equipped with enhanced security features and better control for parents. These routers are designed to minimize user frustration by enabling faster speeds and offering more reliable connections to address the growing need for strong home networking systems.
- In August 2023, Huawei Technologies introduced the pioneering Wi-Fi 6 solution especially crafted for smart city applications. This development hinges on efficiency in delivery of uninterrupted connectivity and high capacity, which would accommodate many IoT devices, further reinforcing Huawei’s endeavors to develop better wireless technologies that facilitate intelligent transformations of cities.
Wi-Fi 6 Key Market Trends
- Increasing Adoption of Smart Home Devices: In addition to smart home applications, the global technology of Wi-Fi 6 has been enhanced due to the insatiable appetite for connectivity and automation in the consumers. The benefits of Wi Fi 6 come with enough capacity and good performance to allow for the use of many connected devices simultaneously thus fostering the growth of smart home revolutions.
- Expansion of Public Wi-Fi Networks: The trend of installing public Wi-Fi networks, especially in urban cities and transport facilities, is on the rise. Cities are putting up Wi-Fi 6 infrastructure to offer faster internet access for residents and tourists, thus improving connection in public regions and promoting fairness in access to technology.
Wi-Fi 6 Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, in conclusion, an encouraging growth trend can be observed in the global Wi-Fi 6 industry due to increasing demand for high-speed connections, growth of internet of things iot devices, and expanding smart home applications. Even though there are limitations such as compatibility or security issues, such limitations are being overcome with the development of technology.
The infrastructural advantage of the North American region facilitates its dominance over the market. However, it is the Asia Pacific location that is on the rise owing to the rapid urbanization and digital enhancement efforts in the region. To sum up, Wi-Fi 6 is about to transform and improve connections in all spheres of society, opening new opportunities for services and enhancing the experience of consumers.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 4.41 billion |
| Market size value in 2031 | USD 44.53 billion |
| Growth Rate | 29.3% |
| Base year | 2023 |
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Wi-Fi 6 Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Wi-Fi 6 Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Wi-Fi 6 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 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Wi-Fi 6 Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Wi-Fi 6 Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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