Wi Fi 6
PUBLISHED: 2024 ID: SMRC26406
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Wi Fi 6

Wi-Fi 6 Market Forecasts to 2030 - Global Analysis By Device Type (Smartphones, Laptops/Tablets, Smart Home Devices, Gaming Consoles, Industrial IoT Devices and Other Device Types), Component, Organization Size, Application, End User and By Geography

4.2 (65 reviews)
4.2 (65 reviews)
Published: 2024 ID: SMRC26406

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Wi-Fi 6 Market is accounted for $7.4 billion in 2024 and is expected to reach $38.3 billion by 2030 growing at a CAGR of 31.3% during the forecast period. Wi-Fi 6 is the latest generation of wireless networking technology. It offers significant advancements over its predecessors, including faster data transfer speeds, improved efficiency in high-density environments, and reduced latency. By utilizing advanced techniques such as orthogonal frequency-division multiple access (OFDMA) and multi-user multiple input, multiple output (MU-MIMO), Wi-Fi 6 enhances performance, reliability, and overall user experience. It's designed to meet the demands of modern connectivity requirements, supporting a growing number of devices and applications with better speed and efficiency.

Market Dynamics: 

Driver: 

Growth of cloud computing and remote work

The exponential growth of cloud computing and the widespread adoption of remote work have catalyzed significant demand for Wi-Fi 6 technology. With its enhanced speed, capacity, and efficiency, it is becoming indispensable for businesses and individuals alike, enabling seamless connectivity and productivity in distributed work environments. As organizations increasingly rely on cloud-based services and remote collaboration tools, the market is poised for continued expansion to meet the evolving needs of modern workplaces and digital lifestyles.

Restraint:

Limited device compatibility

In the market, a significant challenge arises from limited device compatibility. Despite the advanced capabilities of Wi-Fi 6 routers, many devices still operate on older Wi-Fi standards. This disparity hampers users' ability to fully leverage the speed and efficiency offered by this technology. Additionally, upgrading all devices to be Wi-Fi 6 compatible can be costly and time-consuming, further exacerbating the issue. As a result, widespread adoption is hindered, impacting its market penetration and potential.

Opportunity:

Rise of smart homes and internet of things (IoT)

The market is experiencing a surge fueled by the rise of smart homes and the Internet of Things (IoT). With enhanced capacity and efficiency, smart devices can seamlessly communicate, creating a cohesive ecosystem within homes. IoT devices, from thermostats to security cameras, leverage advancements to deliver faster, more reliable connectivity. This convergence of technologies is revolutionizing how we interact with our living spaces, driving the demand for Wi-Fi 6 routers and devices.

Threat:

Limited Coverage Range

The market faces challenges with limited coverage range. Despite its advancements in speed and efficiency, Wi-Fi 6 still struggles with maintaining strong signals over long distances or through obstacles like walls. This limitation inhibits its ability to provide seamless connectivity in larger spaces or in areas with dense infrastructure. Addressing this challenge requires innovative solutions in antenna design, signal boosting technologies, and regulatory frameworks to optimize spectrum allocation for better coverage.

Covid-19 Impact: 

The COVID-19 pandemic has significantly impacted the Wi-Fi 6 market, driving a surge in demand for robust, high-speed wireless connectivity solutions. With remote work, online education, and virtual collaboration becoming the new norm, organizations and individuals alike have prioritized upgrading their network infrastructure to accommodate increased bandwidth requirements and ensure reliable internet access. This has led to accelerated adoption of Wi-Fi 6 technology across various sectors, propelling market growth amidst the pandemic's digital transformation push.

The smart home devices segment is expected to be the largest during the forecast period

The smart home devices is expected to be the largest during the forecast period. These devices, ranging from thermostats to security cameras, capitalize on Wi-Fi 6's higher bandwidth and improved performance to deliver seamless connectivity and faster data transfer rates. With reduced latency and increased efficiency, smart home gadgets can offer more responsive controls and enhanced user experiences, making them integral components of modern connected living environments.

The immersive technologies segment is expected to have the highest CAGR during the forecast period

The immersive technologies segment is expected to have the highest CAGR during the forecast period. With enhanced data speeds, reduced latency, and increased network capacity, Wi-Fi 6 facilitates seamless integration of immersive technologies like virtual reality (VR) and augmented reality (AR). Leveraging the advanced capabilities of Wi-Fi 6, businesses and consumers alike are embracing immersive technologies for transformative digital experiences, driving innovation and redefining connectivity standards.

Region with largest share:

North America is projected to hold the largest market share during the forecast period. With the increasing demand for faster and more reliable wireless connectivity, businesses and consumers alike are adopting Wi-Fi 6 technology. This trend is driven by the need to support bandwidth-intensive applications such as streaming, gaming, and virtual reality. Additionally, the proliferation of Internet of Things (IoT) devices further fuels the demand for Wi-Fi 6 routers and access points. 

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period. Many enterprises in the region are upgrading their networks to Wi-Fi 6 to support the increasing number of connected devices and bandwidth-intensive applications in their workplaces. Industries such as healthcare, education, hospitality, and manufacturing are particularly keen on adopting Wi-Fi 6 technology to enhance productivity and improve user experiences. Wi-Fi 6 technology complements existing cellular networks and helps offload data traffic, especially in dense urban areas.

Key players in the market

Some of the key players in Wi-Fi 6 market include Hewlett-Packard Company, Microsoft Corporation, Broadcom, Linksys Holdings, Inc., Cisco Systems, Aruba Networks, Asustek Computer Inc., AT&T, Huawei Technologies, Intel Corporation, Samsung Electronics Co. Ltd, Juniper Networks, Fortinet Inc., Sterlite Technologies Limited, NXP Semiconductors, Apple Inc. and Qualcomm Inc.

Key Developments:

In April 2023, Halford partnered with Juniper Networks to provide AI-driven wired and wireless access solutions in its stores, garages, and offices.

In February 2023, Cisco and Federated Wireless collaborated to integrate Automated Frequency Coordination (AFC) solution into its wireless 6 GHz-capable access points.

Device Types Covered:
• Smartphones
• Laptops/Tablets
• Smart Home Devices
• Gaming Consoles
• Industrial IoT Devices
• Other Device Types

Components Covered:
• Hardware 
• Software 

Organization Sizes Covered:
• Large Enterprises
• Small and Medium-sized Enterprises (SMEs) 

Applications Covered:
• Consumer Electronics
• Immersive Technologies
• HD Video Streaming
• Telemedicine
• IoT and Industry 4.0
• Other Applications 

End Users Covered:
• Transportation
• Government
• Manufacturing
• Residential
• Healthcare
• Education
• Retail
• Hospitality
• Other End Users 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary           
             
2 Preface            
 2.1 Abstract           
 2.2 Stake Holders          
 2.3 Research Scope          
 2.4 Research Methodology         
  2.4.1 Data Mining         
  2.4.2 Data Analysis         
  2.4.3 Data Validation         
  2.4.4 Research Approach         
 2.5 Research Sources          
  2.5.1 Primary Research Sources        
  2.5.2 Secondary Research Sources        
  2.5.3 Assumptions         
             
3 Market Trend Analysis          
 3.1 Introduction          
 3.2 Drivers           
 3.3 Restraints          
 3.4 Opportunities          
 3.5 Threats           
 3.6 Application Analysis         
 3.7 End User Analysis          
 3.8 Emerging Markets          
 3.9 Impact of Covid-19          
             
4 Porters Five Force Analysis          
 4.1 Bargaining power of suppliers         
 4.2 Bargaining power of buyers         
 4.3 Threat of substitutes         
 4.4 Threat of new entrants         
 4.5 Competitive rivalry          
             
5 Global Wi-Fi 6 Market, By Device Type         
 5.1 Introduction          
 5.2 Smartphones          
 5.3 Laptops/Tablets          
 5.4 Smart Home Devices         
 5.5 Gaming Consoles          
 5.6 Industrial IoT Devices         
 5.7 Other Device Types          
             
6 Global Wi-Fi 6 Market, By Component         
 6.1 Introduction          
 6.2 Hardware          
  6.2.1 Access Points         
  6.2.2 Routers          
  6.2.3 Gateways         
  6.2.4 Repeaters         
  6.2.5 Extenders         
  6.2.6 Network Interface Cards (NICs)       
 6.3 Software           
  6.3.1 Network Management Software       
  6.3.2 Network Security Software        
             
7 Global Wi-Fi 6 Market, By Organization Size         
 7.1 Introduction          
 7.2 Large Enterprises          
 7.3 Small and Medium-sized Enterprises (SMEs)       
             
8 Global Wi-Fi 6 Market, By Application         
 8.1 Introduction          
 8.2 Consumer Electronics         
 8.3 Immersive Technologies         
 8.4 HD Video Streaming         
 8.5 Telemedicine          
 8.6 IoT and Industry 4.0          
 8.7 Other Applications          
             
9 Global Wi-Fi 6 Market, By End User         
 9.1 Introduction          
 9.2 Transportation          
 9.3 Government          
 9.4 Manufacturing          
 9.5 Residential          
 9.6 Healthcare          
 9.7 Education          
 9.8 Retail           
 9.9 Hospitality          
 9.10 Other End Users          
             
10 Global Wi-Fi 6 Market, By Geography         
 10.1 Introduction          
 10.2 North America          
  10.2.1 US          
  10.2.2 Canada          
  10.2.3 Mexico          
 10.3 Europe           
  10.3.1 Germany          
  10.3.2 UK          
  10.3.3 Italy          
  10.3.4 France          
  10.3.5 Spain          
  10.3.6 Rest of Europe         
 10.4 Asia Pacific          
  10.4.1 Japan          
  10.4.2 China          
  10.4.3 India          
  10.4.4 Australia          
  10.4.5 New Zealand         
  10.4.6 South Korea         
  10.4.7 Rest of Asia Pacific         
 10.5 South America          
  10.5.1 Argentina         
  10.5.2 Brazil          
  10.5.3 Chile          
  10.5.4 Rest of South America        
 10.6 Middle East & Africa         
  10.6.1 Saudi Arabia         
  10.6.2 UAE          
  10.6.3 Qatar          
  10.6.4 South Africa         
  10.6.5 Rest of Middle East & Africa        
             
11 Key Developments           
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures      
 11.2 Acquisitions & Mergers         
 11.3 New Product Launch         
 11.4 Expansions          
 11.5 Other Key Strategies         
             
12 Company Profiling           
 12.1 Hewlett-Packard Company         
 12.2 Microsoft Corporation         
 12.3 Broadcom          
 12.4 Linksys Holdings, Inc.         
 12.5 Cisco Systems          
 12.6 Aruba Networks          
 12.7 Asustek Computer Inc.         
 12.8 AT&T           
 12.9 Huawei Technologies         
 12.10 Intel Corporation          
 12.11 Samsung Electronics Co. Ltd         
 12.12 Juniper Networks          
 12.13 Fortinet Inc.          
 12.14 Sterlite Technologies Limited         
 12.15 NXP Semiconductors         
 12.16 Apple Inc.          
 12.17 Qualcomm Inc.          
             
List of Tables            
1 Global Wi-Fi 6 Market Outlook, By Region (2022-2030) ($MN)       
2 Global Wi-Fi 6 Market Outlook, By Device Type (2022-2030) ($MN)      
3 Global Wi-Fi 6 Market Outlook, By Smartphones (2022-2030) ($MN)      
4 Global Wi-Fi 6 Market Outlook, By Laptops/Tablets (2022-2030) ($MN)      
5 Global Wi-Fi 6 Market Outlook, By Smart Home Devices (2022-2030) ($MN)     
6 Global Wi-Fi 6 Market Outlook, By Gaming Consoles (2022-2030) ($MN)      
7 Global Wi-Fi 6 Market Outlook, By Industrial IoT Devices (2022-2030) ($MN)     
8 Global Wi-Fi 6 Market Outlook, By Other Device Types (2022-2030) ($MN)     
9 Global Wi-Fi 6 Market Outlook, By Component (2022-2030) ($MN)      
10 Global Wi-Fi 6 Market Outlook, By Hardware (2022-2030) ($MN)      
11 Global Wi-Fi 6 Market Outlook, By Access Points (2022-2030) ($MN)      
12 Global Wi-Fi 6 Market Outlook, By Routers (2022-2030) ($MN)       
13 Global Wi-Fi 6 Market Outlook, By Gateways (2022-2030) ($MN)      
14 Global Wi-Fi 6 Market Outlook, By Repeaters (2022-2030) ($MN)      
15 Global Wi-Fi 6 Market Outlook, By Extenders (2022-2030) ($MN)      
16 Global Wi-Fi 6 Market Outlook, By Network Interface Cards (NICs) (2022-2030) ($MN)    
17 Global Wi-Fi 6 Market Outlook, By Software (2022-2030) ($MN)      
18 Global Wi-Fi 6 Market Outlook, By Network Management Software (2022-2030) ($MN)    
19 Global Wi-Fi 6 Market Outlook, By Network Security Software (2022-2030) ($MN)     
20 Global Wi-Fi 6 Market Outlook, By Organization Size  (2022-2030) ($MN)      
21 Global Wi-Fi 6 Market Outlook, By Large Enterprises (2022-2030) ($MN)      
22 Global Wi-Fi 6 Market Outlook, By Small and Medium-sized Enterprises (SMEs) (2022-2030) ($MN)   
23 Global Wi-Fi 6 Market Outlook, By Application (2022-2030) ($MN)      
24 Global Wi-Fi 6 Market Outlook, By Consumer Electronics (2022-2030) ($MN)     
25 Global Wi-Fi 6 Market Outlook, By Immersive Technologies (2022-2030) ($MN)     
26 Global Wi-Fi 6 Market Outlook, By HD Video Streaming (2022-2030) ($MN)     
27 Global Wi-Fi 6 Market Outlook, By Telemedicine (2022-2030) ($MN)      
28 Global Wi-Fi 6 Market Outlook, By IoT and Industry 4.0 (2022-2030) ($MN)     
29 Global Wi-Fi 6 Market Outlook, By Other Applications (2022-2030) ($MN)      
30 Global Wi-Fi 6 Market Outlook, By End User (2022-2030) ($MN)      
31 Global Wi-Fi 6 Market Outlook, By Transportation (2022-2030) ($MN)      
32 Global Wi-Fi 6 Market Outlook, By Government (2022-2030) ($MN)      
33 Global Wi-Fi 6 Market Outlook, By Manufacturing (2022-2030) ($MN)      
34 Global Wi-Fi 6 Market Outlook, By Residential (2022-2030) ($MN)      
35 Global Wi-Fi 6 Market Outlook, By Healthcare (2022-2030) ($MN)      
36 Global Wi-Fi 6 Market Outlook, By Education (2022-2030) ($MN)      
37 Global Wi-Fi 6 Market Outlook, By Retail (2022-2030) ($MN)       
38 Global Wi-Fi 6 Market Outlook, By Hospitality (2022-2030) ($MN)      
39 Global Wi-Fi 6 Market Outlook, By Other End Users (2022-2030) ($MN)      
             
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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