Overview and Scope
Wi-Fi 6 refers to the next-generation standard in WiFi technology. WiFi 6, also known as AX WiFi or 802.11ax WiFi, builds on and improves on the current 802.11ac WiFi standard. WiFi 6 was originally built in response to the growing number of devices in the world. WiFi 6 (802.11ax) is designed to improve speed, increase efficiency, and reduce congestion in heavy bandwidth usage scenarios.
Sizing and Forecast
The wi-fi 6 market size has grown exponentially in recent years. It will grow from $17.24 billion in 2023 to $23.56 billion in 2024 at a compound annual growth rate (CAGR) of 36.7%. The growth in the historic period can be attributed to surge in the number of connected devices, increased demand for higher data transfer speeds, growing use of bandwidth-intensive applications, wi-fi network congestion and interference issues, evolving internet usage patterns and multimedia streaming.
The wi-fi 6 market size is expected to see exponential growth in the next few years. It will grow to $76.32 billion in 2028 at a compound annual growth rate (CAGR) of 34.2%. The growth in the forecast period can be attributed to proliferation of iot devices and smart home applications, accelerated adoption of wi-fi 6 in enterprise environments, expansion of 5g networks and integration with wi-fi 6, rising demand for low-latency and high-performance connectivity, enhanced security features in wi-fi 6 standards. Major trends in the forecast period include implementation of orthogonal frequency division multiple access (ofdma), increased use of mu-mimo (multi-user, multiple input, multiple output) technology, growing deployment of wi-fi 6 in public spaces and venues, integration of wi-fi 6 in wi-fi mesh networks, development of wi-fi 6e for extended spectrum usage in the 6 ghz band.
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Segmentation & Regional Insights
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/VR), Smart Cities
North America was the largest region in the Wi-Fi 6 market in 2023 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
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Major Driver Impacting Market Growth
Increasing deployment of public Wi-Fi is expected to propel the growth of the Wi-Fi 6 market. These hotspots are so common that people connect to them automatically. Users may use the internet for free because of Wi-Fi, which is available in many places such as hotels, malls, coffee shops, and restaurants. Since it theoretically provides a higher speed, Wi-Fi 6 is regarded as the standard for the future. For instance, in September 2021, according to the Global Economic Value of Wi-Fi 2021–2025 report of the Wi-Fi Alliance, a US-based non-profit organization that certifies Wi-Fi products, the currently free public Wi-Fi access points for use in France were 1.2 million, and 87 percent of internet consumers have access to Wi-Fi at home. Therefore, demand for Wi-Fi 6 will rise as the prevalence of the growing deployment of public Wi-Fi rises.
Key Industry Players
Major companies operating in the wi-fi 6 market report are 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
The wi-fi 6 market report table of contents includes:
1. Executive Summary
2. Wi-Fi 6 Market Characteristics
3. Wi-Fi 6 Market Trends And Strategies
4. Wi-Fi 6 Market – Macro Economic Scenario
5. Global Wi-Fi 6 Market Size and Growth
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26. South America Wi-Fi 6 Market
27. Brazil Wi-Fi 6 Market
28. Middle East Wi-Fi 6 Market
29. Africa Wi-Fi 6 Market
30. Wi-Fi 6 Market Competitive Landscape And Company Profiles
Top Major Players:
- Cisco Systems Inc
- Intel Corporation
- Huawei Technologies Co. Ltd
- NETGEAR Inc
- Juniper Networks Inc
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