How Has The Wi-Fi 6Market Size Evolved In Recent Years?
The wi-fi 6 market has seen considerable growth due to a variety of factors.
• Over the last few years, the value of the Wi-Fi 6 market has been experiencing a boom. It is projected to rise from a worth of $23.13 billion in 2024 to a staggering $31.34 billion in 2025, boasting a compound annual growth rate (CAGR) of 35.5%.
This previous growth can be tied back to an upswing in the quantity of connected devices, amplified call for faster data transmission speeds, the expanding application of bandwidth-demanding functions, issues surrounding Wi-Fi network congestion and interference, progressing patterns of internet usage and streaming of multimedia content.
What Is The Projected Growth Of The Wi-Fi 6 Market?
The wi-fi 6 market is expected to maintain its strong growth trajectory in upcoming years.
• Over the coming years, the wi-fi 6 market is anticipated to experience a significant uptick in growth, with projections suggesting a striking increase to $102.27 billion by 2029, coinciding with a compound annual growth rate (CAGR) of 34.4%.
This substantial increase can be credited to multiple factors including the widespread usage of IoT devices and intelligent home applications, the rapid acceptance of Wi-Fi 6 in corporate settings, the broadening of 5g networks with Wi-Fi 6 integration, and a heightened need for high-performance, low-latency connectivity alongside improved security features prominent in Wi-Fi 6 standards. Some emerging trends for the forecasted period encompass the application of orthogonal frequency division multiple access (OFDMA), an uptick in the adoption of mu-mimo (multi-user, multiple input, multiple output) technology, a rising number of Wi-Fi 6 installations in public spaces and venues, the integration of Wi-Fi 6 into Wi-Fi mesh networks, as well as the development of Wi-Fi 6e to allow for extended spectrum usage in the 6 Ghz band.
What Are The Key Drivers Fueling Growth In The Wi-Fi 6 Market?
The Wi-Fi 6 market is expected to expand with the increasing installation of public Wi-Fi. The ubiquity of these hotspots has led to automatic connection by individuals. The widespread availability of free internet in areas such as hotels, shopping centers, cafes, and restaurants, courtesy of Wi-Fi, is also a factor. Wi-Fi 6, because of its theoretical high speed, is seen as the standard of the future. The Wi-Fi Alliance reported in January 2022 that demand for efficient and secure Wi-Fi ballooned due to the approval of 6 GHz regulations and the prevalence of remote hybrid work environments. This resulted in nearly 18 billion devices being used and 4.4 billion units worked out. Consequently, the WiFi Alliance is set to explore significant connectivity trends as a result of this momentum. Therefore, as the deployment of public Wi-Fi continues to grow, so will the demand for Wi-Fi 6.
What Are The Principal Market Segments In The Global Wi-Fi 6 Industry?
The Wi-Fi 6 market covered in this report is segmented –
1) By Offering: Hardware, Solution, Services
2) By Devices: Mesh Routers, Wireless Access Points, Home Gateways, Wireless Repeaters
3) By Commercial Use: Enterprises, Consumers
4) By End Users: Education, Retail And E-Commerce, Healthcare, Government, Hospitality, Transportation And Logistics, Manufacturing, Consumer Electronics, Augmented reality and Virtual Reality (AR Or VR), Smart Cities
Subsegments:
1) By Hardware: Routers And Access Points, Network Interface Cards (Nics), Antennas
2) By Solution: Network Management Software, Security Solutions, Cloud-Based Wi-Fi Solutions
3) By Services: Consulting Services, Installation And Deployment Services, Support And Maintenance Services
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Which Emerging Market Trends Are Altering The Wi-Fi 6 Sector?
Leading firms in the Wi-Fi 6 market are launching wireless access points to bolster connectivity, augment network performance, and cater to the escalating demand for high-speed internet in several settings such as residences, workplaces, and public areas. Network devices known as Wireless access points (WAPs) aid wireless-enabled devices to integrate with a wired network via Wi-Fi or similar standards. This compatibility extends to the new 6 GHz band, providing the benefit of a less busy spectrum that boosts performance while reducing disruption. For example, in July 2023, Sophos Ltd, an IT security firm from Finland, introduced the Wi-Fi 6 and 6E access points under the AP6 Series. One of them, the AP6 840E model, supports the new 6 GHz band, offers access to a less crowded spectrum, and enhances performance, while reducing interference. Units like the AP6 420 and AP6 840 work on the conventional 2.4 GHz and 5 GHz bands, and the 'E' models also include support for the 6 GHz band.
Who Are the Key Players in the Wi-Fi 6 Market?
Major companies operating in the Wi-Fi 6 market include:
• Cisco Systems Inc.
• Intel Corporation
• Huawei Technologies Co. Ltd.
• NETGEAR Inc.
• Juniper Networks Inc.
• Qualcomm Technologies Inc.
• Broadcom Inc.
• Extreme Networks Inc.
• Ubiquiti Inc.
• Fortinet Inc.
• Aruba Networks
• NXP Semiconductors N. V.
• American Telephone and Telegraph Company
• D-Link Corporation
• Alcatel-Lucent Enterprise
• TP-Link Technologies Co. Ltd.
• MediaTek Inc.
• Samsung Electronics Co. Ltd.
• Microsoft Corporation
• Aerohive Networks Inc.
• Ruckus Networks
• Zhongxing Telecommunication Equipment Corporation (ZTE)
• Nippon Electric Company Corporation (NEC)
• Nokia Corporation
• Ericsson AB
• Mist Systems
• Cambium Networks Corporation
• CommScope Inc.
• Hewlett Packard Enterprise Company
What are the Regional Insights into the Wi-Fi 6 Market?
North America was the largest region in the Wi-Fi 6 market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the Wi-Fi 6 market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
