Major players in the wi-fi 6 market are Cisco Systems, Intel Corporation, Huawei Technologies, NETGEAR, Juniper Networks, Broadcom Inc., Qualcomm Inc., , Extreme Networks, Ubiquiti Inc., Fortinet Inc., Aruba Networks, NXP Semiconductors, AT&T, Cambium Networks, D-Link Corporation, Alcatel-Lucent, TP-Link, MediaTek, Telstra, and Murata.
The global wi-fi 6 market grew from $12.88 billion in 2022 to $17.33 billion in 2023 at a compound annual growth rate (CAGR) of 34.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The wi-fi 6 market is expected to grow to $62.48 billion in 2027 at a CAGR of 37.8%.
The Wi-Fi 6 market consists of revenues earned by entities by providing hardware for Wi-Fi 6 including wireless access points, home gateways and mesh routers.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
The Wi-Fi 6 refers to the next generation standard in WiFi technology. WiFi 6 also known as “AX WIFI" or"802.11ax WiFi” builds 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
North America was the largest region in the Wi-Fi 6 market in 2022 and is expected to be the fastest-growing region in the forecast period. The regions covered in Wi-Fi 6 market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main offerings of Wi-Fi 6 are hardware, solutions, and services performance gained from WiFi 6 requires new hardware because software updates are not as reliable as hardware updates.A WiFi 6-capable router is necessary in order to benefit from this new technology, even though the vast majority of the home’s equipment already supports WiFi 6.
The devices are mesh routers, wireless access points, home gateways, and wireless repeaters.The commercial use: enterprises, consumers.
The end users include education, retail, e-commerce, healthcare, government, hospitality, transportation and logistics, manufacturing, consumer electronics, augmented reality and virtual reality (AR/VR), and smart cities.
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 2019 according to a report released by vikaspedia an online information guide launched by the government of India, the national digital communication policy has planned 5 million Wi-Fi hotspots projected by 2020 and 10 million by 2022 as of 2019 India has 0.35 million public wi-fi hotspots, according to estimates. Therefore, demand for Wi-Fi 6 will rise as the prevalence of the growing deployment of public Wi-Fi rises.
Technological advancements are a key trend gaining popularity in the Wi-Fi 6 market.Major companies operating in the Wi-Fi 6 market are focused on developing new technological solutions flexible across other elements driving the expansion of technology like traffic prioritization, OFDMA, and beamforming.
Additionally, more secure, the new protocol makes use of SAE and other cutting-edge encryption techniques.The more recent 6GHz frequency band is available to Wi-Fi 6-capable devices, allowing for better connectivity.
For instance, in December 2021, Huawei a China-based multinational technology corporation and manufacturer of telecommunications equipment company launched AirEngine 6760–X1 & 6760–X1E which provides high-quality signal coverage with no blind spots by efficiently increasing signal strength and enabling signals to follow people. Alternately, the AirEngine 6760-X1E can be coupled with several external antennae to adapt to challenging settings including high-rise constructions and limited hallways.
In May 2020, Intel corporation a US-based developer of microprocessors and semiconductor manufacturing company acquired Rivet Networks for an undisclosed amount.Through this acquisition, The Killer AX1650 Wi-Fi solution, created by Intel and Rivet Networks in collaboration, offers compelling Wi-Fi 6 technology coupled with immersive entertainment and gaming experiences.
The features of Rivet Networks’ solutions, particularly its software, complement those of Intel’s wireless offerings. Rivet Networks LLC is a US-based company, with hardware, software, and cloud-based technology to deliver solutions.
The countries covered in the Wi-Fi 6 market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The Wi-Fi 6 market research report is one of a series of new reports that provides Wi-Fi 6 market statistics, including Wi-Fi 6 industry global market size, regional shares, competitors with a Wi-Fi 6 market share, detailed Wi-Fi 6 market segments, market trends and opportunities, and any further data you may need to thrive in the Wi-Fi 6 industry. This Wi-Fi 6 market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.