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

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.