Wi-Fi 6 (802.11 Ax) will market will reach at 23.24 Billion in 2032,by Keyplayers and Vendors:Cisco, Mojo Networks (Arista Networks), Ubiquiti, Aruba (HPE), Aerohive, Huawei, Intel, Comcast Business, Ruckus (CommScope), Tplink, D-Link, NXP Semiconductors,

The global WiFi 6 Market size was valued at USD 2.74 Billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.39% from 2022 to 2032. The global WiFi 6 will market will reach at 23.24 Billion in 2032.

Major Factors Driving the Growth of the Wireless WiFi 6 Market are:

Hybrid work would be the new norm due to the recent pandemic outbreak. Whether employees are working in-office or remotely, video meetings have established themselves as a mainstay of the hybrid workplace. Enterprises may be able to offer more wireless video connections thanks to Wi-Fi 6. This element is anticipated to fuel the WiFi 6 market growth.

Some of the Major Key players profiled in the study are Cisco, Mojo Networks (Arista Networks), Ubiquiti, Aruba (HPE), Aerohive, Huawei, Intel, Comcast Business, Ruckus (CommScope), Tplink, D-Link, NXP Semiconductors, Qualcomm, ASUS

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Many people began doing their work and studying at home during the COVID-19 pandemic. Globally, the home network environment was severely crowded by online gaming devices with virtual reality capabilities, sports equipment for live-streaming workouts, and connected kitchen appliances. This factor is expected to further fuel the growth of the Wifi 6 market.

During the forecast period, the Wifi 6 market is anticipated to be driven by the rising need for improved networks, low latency, and bandwidth communications among businesses. The demand for better network connectivity has increased across a number of industries, including corporate and industrial, as a result of the rapidly growing data traffic. As a result, it is anticipated that over the forecast period, more wi-fi 6 and 6E devices will be installed, which would enhance the need for these chipsets.

Furthermore, Wi-Fi 6 has several advantages over Wi-Fi 5 in terms of capabilities, and as a result, it can enable a variety of cutting-edge solutions like automated guided cars, industrial robots, and many more compelling use cases. These benefits are anticipated to fuel the Wifi 6 market.

Due to the COVID-19 pandemic, according to World Bank statistics, global GDP has shrunk by about 3.5% in 2020. Entering 2021, Economic activity in many countries has started to recover and partially adapted to pandemic restrictions. The research and development of vaccines has made breakthrough progress, and many governments have also issued various policies to stimulate economic recovery, particularly in the United States, is likely to provide a strong boost to economic activity but prospects for sustainable growth vary widely between countries and sectors. Although the global economy is recovering from the great depression caused by COVID-19, it will remain below pre-pandemic trends for a prolonged period. The pandemic has exacerbated the risks associated with the decade-long wave of global debt accumulation. It is also likely to steepen the long-expected slowdown in potential growth over the next decade.

The Wi-Fi 7 segment is expected to hold a share of over 21% by 2030. Wi-Fi 7 is the upgraded version of Wi-Fi 6E, with some enhanced technologies. The IEEE standard name of Wi-Fi 7 is 802.11be. It operates on a wide range of radio frequencies, such as 2.4GHz, 5GHz, and 6GHz. The maximum link rate that it offers is 40,000 Mbit/s. The Multiple Input Multiple Output (MIMO) enhancement and 16 spatial streams increase the video streaming quality and resolution. The Wi-Fi 7 has a Hybrid Automatic Repeat Request (HARQ), which helps multiple link adaption.

The Wi-Fi 7 uses the modulation scheme known as 4K QAM, which increases the throughput value. It comes with flexible channel utilization, which reduces the interference in the signal and further enhances connectivity. Wi-Fi 7 offers wireless interface capacity up to 33Gbps and a threshold over 10Gbps throughputs.

Device Type Insights
In terms of value, the WLAN infrastructure devices captured the largest share of over 40.0% in 2021. It is attributed to the soaring demand for chipsets to assemble into next-generation routers, gateways, repeaters, and extenders. A robust surge in the need for enhanced bandwidth capacity across enterprise customers is expected to ascend the global deployment of Wi-Fi 6 access points/routers. Furthermore, a high focus on providing superior client services and experience through fueling network bandwidth capacity is estimated to increase the adoption of next-generation WLAN infrastructure. Subsequently, it is likely to increase the 6 and 6E chipsets demand for these WLAN devices.

Regional Insights
Asia Pacific held the largest volume share of over 35.0% in 2021. This is attributed to the substantial rise in the investments in developing wi-fi 6 and 6E chipsets-enabled smartphones, routers, and laptops, among others. These devices support next-generation wireless frequency bands and deliver a unified network experience. The presence of prominent wi-fi 6 and 6E chipsets manufacturing facilities across key countries such as China, Japan, South Korea, and Singapore is expected to help the Asia Pacific market to grow at a significant rate from 2022 to 2030.

In the U.S., the market grabbed a significant share in 2021. The U.S. is showcasing notable investments in implementing smart industries, constructing smart homes, and rolling out smart cities. On the other hand, the inclination toward high graphics online/cloud gaming is flourishing among consumers in the U.S. In addition, the U.S. is emerging as an early adopter of smart transportation and self-driving car infrastructure. These developments are expected to drive the demand for wi-fi 6 and 6E chipset components in the U.S. from 2022 to 2030.

Wi-Fi 6 (802.11 Ax) Segmentation by Type:

Hardware, Software, Services.

Wi-Fi 6 (802.11 Ax) Segmentation by Application:

IT and Telecommunications, BFSI, Retail, Government and Public Sector, Healthcare

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What is the goal of the report?

The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes. During the forecast period, the report analyzes the growth rate, market size, and market valuation. The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets. The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.

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