PUBLISHER: SkyQuest | PRODUCT CODE: 1210239
PUBLISHER: SkyQuest | PRODUCT CODE: 1210239
Global Wi-Fi 6 and Wi-Fi 6E Chipset Market was valued at USD 12.24 billion in 2021, and it is expected to reach a value of USD 43.18 billion by 2028, at a CAGR of 19.7 % over the forecast period (2022-2028).
During the projection period, the market is anticipated to be driven by the rising need for improved networks, low latency, and bandwidth communications among businesses. The demand for better network connectivity has increased across a number of industries, including corporate and industrial, as a result of the rapidly growing data traffic. In the ensuing seven years, it is anticipated that this will increase the installation of Wi-Fi 6 and Wi-Fi 6E Chipset and thus raise the need for their chipsets.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Wi-Fi 6 and Wi-Fi 6E Chipset market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report:
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 market is segmented into Wi-Fi 6 and Wi-Fi 6e. On the basis of device, the 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 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 market is segmented into North America, Europe, Asia Pacific, Latin America, and MEA.
Driver
Manufacturing facilities are changing dramatically to increase their effectiveness. The manufacturing sectors are increasingly adopting contemporary technologies, including wireless cameras, collaborative robots, and augmented reality/virtual reality (AR/VR). Improved wireless network connectivity is necessary for these devices to operate without interruption. Over the next seven years, it is anticipated to increase the deployment of Wi-Fi 6 and 6E chipset. To provide uninterrupted services, emerging e-learning trends at universities and schools worldwide require unified network connectivity. As a result, it is predicted to fuel the growth of the global market in the years to come.
Restraint
Due to COVID-19, demand these products declined in all of the markets throughout the world.
The federal governments of important countries like China, the United States of America, Germany, Japan, and the United Kingdom put their countries under lockdown as viruses started to spread quickly in the year 2020. The closure has caused a number of generating facilities and international crossings to close temporarily. As a result, there was a reduction in worldwide chip supply as well as overall chip manufacturing.
Market Trends
Further predicted to speed up the adoption of Wi-Fi 6 and Wi-Fi 6E chipsets is the rapidly expanding need for contemporary products that can support new wireless frequency bands, including 2.4GHz, 5GHz, and 6GHz. Additionally, by permitting frames from the neighbor's network, BSS coloring characteristics in chipset technology would improve network dependability in a very crowded ecosystem. These frames increase network performance while reducing network disturbance from other networks. It is projected that there will be a significant increase in demand for it in commercial, industrial, and residential settings.