Wi-Fi 6 Market Worth $105.4 Billion by 2028

Meticulous Research®, a globally renowned market research leader, has unveiled a comprehensive research report titled "Wi-Fi 6 Market by Devices (Mesh Routers, Access Points, Home Gateways, Repeaters), Commercial Use (Enterprises, Consumers), Application (Consumer Electronics, Healthcare, Manufacturing, Smart Cities, AR/VR, Others), and Geography - Global Forecasts to 2028."

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The Wi-Fi 6 market is poised for remarkable growth, projected to achieve a staggering CAGR of 73.8% from 2021, culminating in a market value of $105.4 billion by 2028. This surge is driven by an escalating demand for high-speed internet connections, the proliferation of internet users and devices, and an increasing adoption of Wi-Fi 6 Devices for smart home applications.

This dynamic market is meticulously segmented based on devices, commercial use, application, and geography. Furthermore, the study conducts a thorough analysis of industry competitors and provides insights into market trends at the country level.

Devices Segment Overview:
The Wi-Fi 6 market's devices segment includes mesh routers, wireless access points, home gateways, and wireless repeaters. The wireless access points segment is set to dominate the market in 2021 due to its capacity to extend Wi-Fi range, catering to both businesses and homes, and its support for simultaneous dual-band Wi-Fi, facilitating connectivity for diverse device types. Notably, the mesh routers segment is expected to witness the highest CAGR during the forecast period, attributed to their ease of internet access, high mobility, and the ability to connect multiple devices.

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Commercial Use Segment Insights:
Categorized into enterprises and consumers, the commercial use segment anticipates the enterprise sector to command a substantial share in 2021. This dominance is driven by widespread adoption of Wi-Fi 6 devices among small and medium-sized enterprises. However, the consumer segment is forecasted to experience the highest CAGR, fueled by the superior speed, enhanced security, and lower latency offered by Wi-Fi 6 across consumer electronic devices.

Application Segment Breakdown:
Wi-Fi 6 applications span consumer electronics, healthcare, AR/VR, retail, manufacturing, smart cities, and others. The consumer electronics segment is poised to lead in 2021, owing to Wi-Fi 6's delivery of improved data, low latency, and enhanced wireless performance, elevating user efficiency. Meanwhile, the smart cities segment is projected to witness the highest CAGR, driven by Wi-Fi 6's multifaceted benefits, including real-time travel updates, on-demand entertainment, simplified network and device management, and real-time operational and business data collection.

Geographical Landscape:
In 2021, North America is anticipated to command the largest market share in the Wi-Fi 6 landscape. This dominance is attributed to the presence of major Wi-Fi 6 device manufacturers in the region, increased adoption of Wi-Fi-connected devices in homes, and a growing demand for high-speed internet across North America. Key contributors to this trend include the U.S. and Canada, where government initiatives support Wi-Fi 6 adoption. For example, in December 2020, the Federal Communications Commission approved Broadcom's BCM4389 chip for Wi-Fi operation in the 6 GHz band, termed Wi-Fi 6E, promising faster connectivity speeds and improved capacity.

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Key Industry Players:
The Wi-Fi 6 market is characterized by the presence of prominent players such as Cisco Systems, Inc., Cypress Semiconductor Corporation, Aruba Networks, D-Link Corporation, Marvell Technology, Inc., KAONMEDIA Co., Ltd., Ruckus Wireless, Inc., Cambium Networks Corporation, Linksys Holdings, Inc., AsusTek Computer Inc., TP-Link Corporation Limited, NETGEAR, Inc., Intel Corporation, Huawei Technologies Co., Ltd., and Juniper Networks, Inc.

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