What Has Been the Growth of the Wi Fi 7 Market So Far?
The wi fi 7 market has seen considerable growth due to a variety of factors.
• The market size of Wi-Fi 7 has witnessed a massive expansion in the past few years. Its growth is projected to increase from $1.67 billion in 2024 to $2.76 billion in 2025, with a compound annual growth rate (CAGR) of 65.6%.
This surge during the historical period is due to factors such as the growing demand for energy conservation, the escalating need for data-intensive operations, the rise of the digital age, enhanced internet accessibility, and increasing data traffic.
How Will the Wi Fi 7 Market?
The wi fi 7 market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, we can anticipate a rapid expansion in the Wi-Fi 7 market, with projections placing its value at $20.58 billion by 2029, representing a compound annual growth rate (CAGR) of 65.3%.
This surge during the aforementioned period is anticipated due to increasing demands for intelligent consumer electronics, growing utilization of connected devices, the rise of smart cities, an increasing pool of smartphone users, and the expanding number of Internet of Things devices. Key trends for this period include the development of superior Wi-Fi chipsets, technological improvements, advancements in Industry 4.0 and smart technologies, critical integration for smart city programs, and cooperation with 5G networks.
Which Factors Are Boosting Growth In The Wi Fi 7 Market?
The growth of the wi-fi 7 market is anticipated to be driven by the increasing utilization of the Internet of Things (IoT). IoT is a system of closely connected physical devices which are capable of communicating and transferring data amongst themselves via internet. The widespread incorporation of IoT across various sectors is a result of the emerging usage of connected devices, progressive sensor technology, and the broadening of high-speed internet infrastructure. Wi-fi 7, with its enhanced connectivity, faster data transfer rates, and lower latency, supports the smooth running and communication of numerous interconnected IoT devices. The Global System for Mobile Communications Association (GSMA), a non-profit organization based in the UK, reported in August 2022 that the global IoT connections are projected to grow to 23.3 billion by 2025, a significant rise from 15.1 billion connections in 2021. Hence, the increasing adoption of IoT is fueling the expansion of the wi-fi 7 market.
What Key Areas Define The Segmentation Of The Global Wi Fi 7 Market?
The Wi-Fi 7market covered in this report is segmented –
1) By Offering: Hardware, Software, Services
2) By Location Type: Indoor, Outdoor
3) By Application: 8K Video Streaming, Cloud-Based Gaming, Augmented Reality And Virtual Reality, Industrial Internet of Things And Industry 4.0, Smart Cities, Telemedicine, Other Applications
4) By Industry Vertical: Education, Healthcare And Life Sciences, Manufacturing, Media And Entertainment, Retail, Transportation And Logistics, Travel And Hospitality, Other Industry Verticals
Subsegments:
1) Hardware: Routers, Access Points
2) Software: Network Management Software, Security Software
3) Services: Installation Services, Support and Maintenance Services
Pre-Book The Wi Fi 7 Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends Are Shaping The Wi Fi 7 Market?
Leading companies in the Wi-Fi 7 market are emphasizing the development of novel technologies, such as Wi-Fi Performance Test Solutions, for improving network speed, dependability, and effectiveness. These test solutions are techniques and instruments employed to evaluate the quality, speed, range, and dependability of Wi-Fi networks. They aid in optimizing Wi-Fi networks for maximum performance across various settings, from residential and corporate areas to large businesses and communal spaces. For example, in February 2024, Keysight Technologies Inc., an American firm that offers electronic design and test solutions, introduced the E7515W UXM Wireless Connectivity Test Platform specifically for Wi-Fi 7. This all-encompassing network emulation solution is designed to test devices that use cutting-edge Wi-Fi 7 technology. The platform provides thorough testing capabilities for Wi-Fi 7's superior speed of data transfer, improved connection, and minimized delay. It is compatible with a plethora of performance metrics and supports advanced modulation schemes and multi-link operation to ensure devices adhere to the rigorous demands of Wi-Fi 7. The platform also includes real-time analytic and debugging tools for accurate assessment and enhancement of network performance.
Who Are the Key Players In The Wi Fi 7 Market?
Major companies operating in the Wi-Fi 7 market are:
• Huawei Technologies Co. Ltd.
• Intel Corporation
• Cisco Systems Inc.
• Qualcomm Incorporated
• Broadcom Inc.
• MediaTek Inc.
• ZTE Corporation
• CommScope Holding Company Inc.
• Keysight Technologies Inc.
• Vantiva SA
• Rohde and Schwarz GmbH and Co. KG.
• TP-Link Technologies Co. Ltd.
• MaxLinear Inc.
• Netgear Inc.
• Ruijie Networks Co. Ltd.
• DZS Inc.
• LitePoint Corporation
• VVDN Technologies Pvt. Ltd.
• ADB Global
• SDMC Technology Co. Ltd.
• Actiontec Electronics Inc.
• Senscomm Semiconductor Co. Ltd.
• H3C Technologies Co. Ltd.
What Is The Most Dominant Region In The Wi Fi 7 Market?
North America was the largest region in the Wi-Fi 7 market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the Wi-Fi 7 market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
