What is the global market size of Wi-Fi 6 Market?

Global Wi-Fi 6 Market size was valued at USD 2.66 billion in 2021 and is expected to reach USD 6.03 billion by 2028, at a CAGR of 12.39% during the forecast period (2022-2028). Read More

Who are the key vendors in the Global Wi-Fi 6 Market?

The leading players are currently concentrating on implementing tactics like product innovations, mergers & acquisitions, latest advancements, joint ventures, collaborations, and partnerships to improve their market position in the global Wi-Fi 6 Market. For instance, Marvell's wireless connectivity portfolio was purchased by NXP Semiconductors in May 2021 for USD 1.76 billion. Marvell's Bluetooth and Wi-Fi (including Wi-Fi 6) technology portfolio and related assets make up the strategic purchase. The purchase would also assist NXP in diversifying its Wi-Fi 6 chipset solutions across important application domains including industrial, IoT, and automotive.'Cisco Systems, Inc. (U.S.)','Cypress Semiconductor Corporation (U.S.','Aruba Networks (U.S.)','D-Link Corporation (Taiwan)','Marvell Technology, Inc. (U.S.)','KAONMEDIA Co., Ltd. (Korea)','Ruckus Wireless, Inc. (U.S.)','Cambium Networks Corporation (U.S.)','Linksys Holdings, Inc. (U.S.)','AsusTek Computer Inc. (Taiwan)','TP-Link Corporation Limited (China)','NETGEAR, Inc. (U.S.)' Read More

What is the key driver of Global Wi-Fi 6 Market?

The demand for Wi-Fi 6 and its services is anticipated to increase concurrently with the increase of internet users that has been occurring in recent years and is anticipated to continue in the coming years. The number of internet users globally is rapidly growing as a result of greater smartphone use and better connection. Greater global internet connection has created new economic opportunities for telecom service providers. They must also match the uptime of their rivals in addition to these advantages in latency and bandwidth. Read More

What is the key market trend for Global Wi-Fi 6 Market?

IoT applications must include intelligent infrastructure and smart cities. The trend to use IoT is anticipated to raise demand for 5G chipsets given that enterprises already use it to check equipment efficiency. Read More

Which region accounted for the largest share in Global Wi-Fi 6 Market?

Asia-Pacific held the largest global Wi-Fi 6 market share. The adoption of Wi-Fi 6 is expanding quickly in Asia-Pacific as a result of rising consumer demand for the internet, an increase in the number of connected devices, and a strong demand for public Wi-Fi hotspots. Read More

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 2025-2032

Report ID: SQMIG45I2128 | Region: Global | Published Date: October, 2024
Pages: 255 | Tables: 91 | Figures: 76

Wi-Fi 6 Market Insights

Wi-Fi 6 Market size was valued at USD 5.7 Billion in 2023 and is poised to grow from USD 7.37 Billion in 2024 to USD 57.58 Billion by 2032, growing at a CAGR of 29.3% during the forecast period (2025-2032).

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.

Wi-Fi 6 Market Report Snapshots

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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 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. '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)'

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.

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.

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.

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Wi-Fi 6 Market Insights

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