Wi Fi 6 Market Expansion 2024-2033: Growth Drivers and Dynamics

The wi-fi 6 global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Wi Fi 6 Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –
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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Scope Of Wi Fi 6 Market
The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Market Drivers –
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.

Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.

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

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Regional Insights –
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

Key Companies –
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

Table of Contents

1. Executive Summary
2. Wi Fi 6 Market Report Structure
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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31. Global Wi-Fi 6 Market Competitive Benchmarking
32. Global Wi-Fi 6 Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Wi-Fi 6 Market
34. Wi-Fi 6 Market Future Outlook and Potential Analysis
35. Appendix

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