Wi Fi 6 Market

According to Stratistics MRC, the Global Wi-Fi 6 Market is accounted for $2.10 billion in 2021 and is expected to reach $7.51 billion by 2028 growing at a CAGR of 19.9% during the forecast period. Wi-Fi 6 is the next generation of Wi-Fi used to improve the network when a high number of devices are connected. Wi-Fi 6 devices such as wireless access points, mesh routers, home gateways, and wireless repeaters provide fast speed, increased efficiency, and transfer data more efficiently than previous generations of Wi-Fi. Wi-Fi 6 offers buffer-free streaming and faster downloads and can connect several smart home devices without affecting the latency. The company’s manufacturing Wi-Fi 6 devices use Wi-Fi 6 technology across various applications, such as consumer electronics, AR/VR, retail, healthcare, manufacturing, and smart cities.



Market Dynamics:

Driver:

Implementation of Digital Transformation Initiative

Wi-Fi 6 solutions have become an integral aspect of businesses.  The use of Wi-Fi 6 across enterprises helps businesses reduce the cost of installation of connections, which includes physically laying out wired connections. It provides businesses with the flexibility to mobilize or change their location. The expediency offered by Wi-Fi 6 helps in interpersonal communication, information sharing, and data exchange across long distances. The global market for Wi-Fi 6 will grow at a moderate pace during the forecast period.

Restraint:

Contention Loss and Co–Channel Intervention 

Contention loss and co-channel interference are the key issues associated with Wi-Fi networks. Contention loss refers to poor network performance due to various clients converging on a single AP, whereas co-channel interference is caused when two or more APs use the same Radio Frequency (RF) channel, thereby affecting the network performance. It is a threat in some of the mature markets, such as North America, Europe, and some APAC countries. Regions already have well–established. Wi-Fi networks and implementing a new network may cause network mapping between the channels, thereby hindering the performance of the network. The distribution of users along the APs would not be even, which would pose a problem in making decisions about the implementation of new APs.

Opportunity:

High Implementation of Smartphones and Tablets

Vendors in the smartphone market are investing in the development of smartphones with advanced features. Advanced wireless technology has made the use of advanced Wi-Fi 6 chipset a necessity in smartphones and tablets. Wi-Fi 6 chipset defines the performance of mobile devices in terms of signal strength, as it can detect even the weakest of signals at the set frequency and then transmit signals at that set frequency.  The demand for communication devices such as smartphones and tablets will generate a requirement for Wi-Fi 6 in the market globally.

Threat:

Data Security and Privacy Concerns

Data security is a big concern for numerous organizations. Because of the massive increase in data quantities, businesses are looking for stronger security and privacy protection to protect their networks and keep them safe from online dangers, including corporate monitoring, data breaches, and data espionage. Various security and privacy challenges have arisen as the number of systems has grown, and every endpoint, gateway, sensor, and smartphone has become a possible target for hackers. Since the WLAN network provides access to various smart devices, security is a major factor that needs to be considered while deploying Wi-Fi networks. Wi-Fi solutions and associated services, in the scenario, offer secure, reliable, and high–speed internet access. Any disruption to enterprise processes can have a significant effect on the entire business. As a result, several enterprises are reluctant to adopt Wi-Fi solutions and services. Hence, proper security and privacy are needed for Wi-Fi solutions and associated services to be successfully deployed.

Consumer Electronics segment is expected to be the largest during the forecast period

The consumer electronics segment is predicted to account for the largest share of the overall market. The large market share of this segment is accredited to increased battery life, multi-device connection, reduced terminal device power consumption, and higher data transfer provided by Wi-Fi 6 across electronic devices. The high growth rate of this segment is attributed to factors, such as better data delivery, low latency, better wireless performance enabling users to work with higher efficiency, increased battery life, multi-device connection feature, reduced terminal device power consumption, higher data transfer speed, and less bandwidth congestion provided by Wi-Fi 6 technology.

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

The outdoor Wi-Fi 6 solution is simply Wi-Fi access provided outside of a building. Outdoor Wi-Fi 6 is usually used as an extension of the internal WLAN network of an organization to give users continuous WI-Fi 6 services. The outdoor Wi-Fi 6 comprises an outdoor area of hotels, schools, universities, colleges, and hospitals. Outdoor WiFi 6 operates in the 2.4 or 5 GHz frequency and can achieve theoretical through puts of up to 1.7 Gbps true throughputs depending on client devices and the quality of Wireless access points. Outdoor access points are often deployed with sectored antennas focusing on the wireless coverage onto a specific area.

Region with highest share:

The Asia Pacific is projected to hold the highest market share, the large market share is accredited to the increasing consumer demand for the internet, rising number of connected devices, and high demand for public Wi-Fi hotspots in the region. Countries such as China, Japan, India, and South Korea are the major adopters of Wi-Fi 6 technology in the region. The development of highly advanced Wi-Fi 6 devices with high-speed data, longer battery life, and widespread Wi-Fi coverage have encouraged various public and private companies to adopt Wi-Fi 6 technology across the province.

Region with highest CAGR:

North America is projected to have the highest CAGR, owing to the existence of major Wi-Fi 6 device manufacturing companies in the province, growing adoption of Wi-Fi connected devices at homes, and increasing demand for high-speed internet connections across North America. Countries such as the U.S. and Canada are the major contributors to the rising adoption of Wi-Fi 6 technology across the region. The U.S. Government are involved in several initiatives to promote the adoption of Wi-Fi 6 technology across their respective countries.



Key players in the market:

Some of the key players profiled in the Wi-Fi 6 Market include Broadcom Inc., Cisco Systems Inc., Dell Technologies Inc., Extreme Networks Inc., Fortinet Inc., Hewlett Packard Enterprise Development LP, Huawei Investment Holding Co. Ltd., Intel Corp., NXP Semiconductors NV, Qualcomm Inc.

Key developments:

In December 2021: Huawei launched AirEngine 6760–X1 & 6760–X1E APs is ultra–high performance indoor settled Wi–Fi 6 (802.11ax) APs with ten spatial streams by default and two built–in IoT slots. With an RTU license, the AP can provide up to 12 spatial streams and work in the triple–radio mode

In October 2021: Qualcomm launched Networking Pro 1610 Platform is, a fully integrated Wi–Fi 6E platform ideally suited for enterprise–class applications such as large corporate campuses and venues. It is an industry–leading, 16–stream offering featuring Qualcomm Tri–Band Wi–Fi 6.

In March 2021: Intel launched Wi–Fi 6 (Gig+) adapter supports the new IEEE 802.11ax standard – Wi–Fi 6 technology and is Wi–Fi CERTIFIED 6. The product supports 2x2 Wi–Fi 6 technologies, including new features such as UL and DL OFDMA and 1024QAM, delivering data rates of up to 2.4Gbps and increased network capacity as well as Bluetooth 5.1 support.

Locations Types Covered: 
• Outdoor
• Indoor 

Devices Covered:
• Home Gateways
• Mesh Routers
• Wireless Access Points
• Wireless Repeaters 

Organization Sizes Covered:
• Large Enterprises
• Small and Medium-sized Enterprises  (SMEs)
  
Offerings Covered:
• Hardware
• Solution
• Services

End Users Covered:
• Education
• Retail and E-Commerce
• Healthcare
• Government
• Hospitality
• Transportation and Logistics
• Manufacturing
• Consumer Electronics
• Augmented reality and Virtual Reality (AR/VR)
• Smart Cities

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 2020, 2021, 2022, 2025 and 2028
- 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

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