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Wi-Fi 6 Market Size, Share, Trends, Demand Analysis Report 2024-2033
Wi-Fi 6 Market Size
As per the report, 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 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%.
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Rising Deployment Of Public Wi-Fi Fuels The Demand For Wi-Fi 6 Technology
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.
Wi-Fi 6 Market's Evolution Through Technological Advancements
Technological advancements are a key trend gaining popularity in the Wi-Fi 6 market. Major companies operating in the Wi-Fi 6 market are focused on developing new technological solutions flexible across other elements driving the expansion of technology such as traffic prioritization, OFDMA, and beamforming. Additionally, more secure, the new protocol makes use of SAE and other cutting-edge encryption techniques. The more recent 6 GHz frequency band is available to Wi-Fi 6-capable devices, allowing for better connectivity. For instance, in December 2021, Huawei a China-based multinational technology corporation and manufacturer of telecommunications equipment company launched AirEngine 6760-X1 & 6760-X1E, which provide high-quality signal coverage with no blind spots by efficiently increasing signal strength and enabling signals to follow people. Alternately, the AirEngine 6760-X1E can be coupled with several external antennae to adapt to challenging settings, including high-rise constructions and limited hallways.
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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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
Contents of the report:
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. Wi-Fi 6 Market Size And Growth
…..
27. Wi-Fi 6 Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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