Wi-Fi 6 Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Offering, By Location, By Vertical, By Region, Competition

Global Wi-Fi 6 market is expected to register a healthy CAGR during the forecast period. The global Wi-Fi 6 market has been growing rapidly since its introduction in 2019. As more devices with Wi-Fi 6 capabilities are released, the demand for Wi-Fi 6 routers and access points is increasing. The growth of the global Wi-Fi 6 market is driven by several factors, including, increasing demand for high-speed and low-latency wireless connectivity for applications such as video streaming, online gaming, and cloud-based services, growing adoption of IoT devices and smart home technologies that require reliable and high-speed wireless connectivity, rising demand for enterprise-grade wireless networks that can support many devices and provide high-speed and secure connectivity, the need for better network performance and reliability in dense environments such as airports, stadiums, and shopping malls. Some of the key players in the global Wi-Fi 6 market include Cisco Systems, Huawei Technologies, Netgear, Qualcomm, Intel, Broadcom, and Aruba Networks.

Wi-Fi 6 is the latest generation of wireless technology that is designed to provide faster internet speeds, better coverage, and improved reliability. Wi-Fi 6 is already being deployed in many devices and networks, and it is expected to become more widespread in the future.

One of the key features of Wi-Fi 6 is its ability to support more devices simultaneously, which is particularly important in homes and offices where multiple devices are connected to the network at the same time. With Wi-Fi 6, each device can communicate more efficiently, reducing the overall congestion on the network and improving the overall user experience.

Market Overview
Forecast Period	2024-2028
Market Size 2022	USD 4.21 Billion
Market Size 2028	USD 23.95 Billion
CAGR 2023-2028	33.66%
Fastest Growing Segment	Government
Largest Market	North America

Another important feature of Wi-Fi 6 is its ability to operate in the 6GHz frequency band, which provides more available channels and less interference than the traditional 2.4GHz and 5GHz bands. This will allow for faster data speeds and lower latency, which is particularly important for applications like virtual reality, augmented reality, and online gaming.

Overall, Wi-Fi 6 is expected to play a significant role in the future of wireless technology, as more devices and applications require high-speed, low-latency connectivity. As technology continues to evolve, there is expected to be an improvement in speed, security features, and support for emerging applications and devices. Moreover, Wi-Fi 6 is expected to become even more widely adopted as more devices and networks support the standard. As the number of internet-connected devices continues to grow, the improved capacity and efficiency of Wi-Fi 6 will become increasingly important to ensure that networks can handle the traffic.

Growing adoption of IoT devices and smart home technologies that require reliable and high-speed wireless connectivity is fueling the market growth.

The growing adoption of IoT devices and smart home technologies has increased the demand for reliable and high-speed wireless connectivity. These devices rely on wireless networks to communicate with each other and with the internet, making it critical to have a stable and fast wireless connection. To meet this demand, wireless technologies such as Wi-Fi and Bluetooth have been continually evolving to provide faster speeds and more reliable connections. Wi-Fi standards such as Wi-Fi 6 and Wi-Fi 6E have been developed to provide higher speeds, increased capacity, and better performance in dense environments such as apartment buildings. In addition, the emergence of 5G networks provides another option for high-speed wireless connectivity for IoT devices and smart homes. 5G networks offer faster speeds and lower latency, making it ideal for real-time applications such as smart home automation and remote monitoring. Furthermore, mesh networking has emerged as a solution to provide wider and more robust coverage for smart homes. Mesh networks use multiple access points to create a network that covers a larger area, reducing dead spots and providing better coverage. Overall, the growing adoption of IoT devices and smart home technologies has led to the development of new wireless technologies and solutions to meet the demand for reliable and high-speed wireless connectivity.

Increasing number of smart cities and smart infrastructure projects lead to a higher demand for Wi-Fi 6 technology

The increasing number of smart cities and smart infrastructure projects can lead to a higher demand for Wi-Fi 6 technology. Smart cities and infrastructure rely on a wide range of Internet of Things (IoT) devices that require fast and reliable connectivity, and Wi-Fi 6 can provide a significant improvement in speed, capacity, and efficiency over previous Wi-Fi standards. With Wi-Fi 6, also known as 802.11ax, devices can connect to multiple networks simultaneously, allowing for faster and more reliable connections even in crowded areas. This is particularly important in smart cities and infrastructure projects where there may be many devices competing for limited network resources. In addition, Wi-Fi 6 can also help to reduce power consumption and extend battery life for IoT devices, which is essential for smart infrastructure projects that require devices to operate for extended periods of time without needing frequent maintenance.

Overall, the demand for Wi-Fi 6 is likely to increase as more smart cities and infrastructure projects are developed, as the technology can provide a significant improvement in connectivity and efficiency for these applications.

Increasing demand for high-speed and low-latency wireless connectivity various for applications

The increasing demand for high-speed and low-latency wireless connectivity is being driven by the growth of applications such as video streaming, online gaming, and cloud-based services. These applications require fast and reliable internet connections to function properly, and wireless connectivity is becoming the preferred option for many users due to its convenience and flexibility. For example, video streaming services such as Netflix and YouTube require a high-speed internet connection to deliver high-quality video content to users. Online gaming also requires low latency to ensure a smooth and responsive gaming experience. Cloud-based services, such as online storage and software-as-a-service (SaaS) applications, also require fast and reliable connectivity to ensure that users can access their data and applications quickly and efficiently. To meet this demand, wireless technology is evolving rapidly, with new standards such as Wi-Fi 6 (802.11ax) and 5G offering faster speeds, higher capacity, and lower latency than previous generations of wireless technology. These technologies are being adopted by both consumers and businesses to meet the growing demand for high-speed, low-latency wireless connectivity. Overall, the increasing demand for high-speed and low-latency wireless connectivity is being driven by the growth of applications such as video streaming, online gaming, and cloud-based services, and wireless technology is evolving rapidly to meet this demand.

Market Segmentation:

Based on Offering, the market is segmented into Hardware, Solution and Service. Based on Location, the market is further bifurcated into Indoor and Outdoor. Based on vertical, the market is further split into Healthcare, Retail & E-commerce, Education, Government, Transportation, Manufacturing and Others.

Company Profiles

Broadcom Inc., Qualcomm Technologies, Inc., ON Semiconductor Connectivity Solutions, Inc., Intel Corporation, Renesas Electronics Corporation, MediaTek Inc., Texas Instruments Incorporated, Infineon Technologies AG, STMicroelectronics Private Limited, NXP Semiconductor N.V.s are among the major players that are driving the growth of the global Wi-Fi 6 market.

Report Scope:

In this report, the global Wi-Fi 6 market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Wi-Fi 6 Market, By Offering:

• Hardware
• Solution
• Service

Wi-Fi 6 Market, By Location:

• Outdoor
• Indoor

Wi-Fi 6 Market, By Vertical:

• Healthcare
• Retail and E-commerce
• Education
• Government
• Transportation
• Manufacturing
• Others

Wi-Fi 6 Market, By Region:

• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea

• North America
  • United States
  • Canada
  • Mexico

• Europe
  • United Kingdom
  • Germany
  • France
  • Spain
  • Italy

• Middle East & Africa
  • Israel
  • Turkey
  • Saudi Arabia
  • UAE

• South America
  • Brazil
  • Argentina
  • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global Wi-Fi 6 market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).