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Wi-Fi 6E Devices Global Market 2024 - Growth Opportunities, Top Countries, Future Trends, Revenue And Outlook 2033
Wi-Fi 6E Devices Global Market
According to The Business Research Company's, The Wi-Fi 6E devices market size has grown exponentially in recent years. It will grow from $2.54 billion in 2023 to $3.09 billion in 2024 at a compound annual growth rate (CAGR) of 21.7%. The growth in the historic period can be attributed to increased demand for bandwidth, the emergence of IoT devices, growth of 4k and 8k video streaming, growing enterprise applications, and demand for low latency.
The Wi-Fi 6E devices market size is expected to see exponential growth in the next few years. It will grow to $6.88 billion in 2028 at a compound annual growth rate (CAGR) of 22.1%. The growth in the forecast period can be attributed to increasing internet penetration, the rise of 5G networks, demand for enhanced security, and the emergence of Wi-Fi 7. Major trends in the forecast period include integration of Wi-Fi 6E in next-generation devices, integration with 6G and beyond, mass adoption in consumer electronics, and integration with smart home automation.
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Market Drivers and Trends:
The increasing demand for high-speed connectivity is expected to propel the growth of the wireless fidelity 6 extended (Wi-Fi 6E) devices market going forward. High-speed connectivity involves the ability of a network or internet connection to transmit data at a high rate, resulting in fast data transfer speeds and low latency. The demand for high-speed connectivity is rising due to several factors, such as increasing data consumption, Internet of Things (IoT) growth, remote work, and digital transformation. Wi-Fi 6E devices provide high-speed connectivity, allowing users to experience faster data transfer rates and lower latency, which is very beneficial for organizations that rely on uninterrupted communication and data transmission for their operations. For instance, in January 2023, according to reports published by Ookla, a US-based web service that provides free analysis of Internet access performance metrics, fixed broadband speeds became at least 28% faster, and mobile speeds became nearly 17% faster from November 2021 to November 2022. Therefore, the increasing demand for high-speed connectivity is driving the growth of the wireless fidelity 6 extended (Wi-Fi 6E) devices market.
Major companies operating in the wireless fidelity 6 extended (Wi-Fi 6E) devices market are focused on developing advanced solutions, such as Wi-Fi 6E-ready access points, to advance the Wi-Fi offering in the market. These are new devices designed to withstand harsh conditions and provide high-density, high-throughput, power-efficient, and secure wireless networking solutions. For instance, in May 2022, Cisco Systems Inc., a US-based technology company, launched the Cisco Catalyst IW9167 Series. The next-generation wireless technologies to outdoor and industrial spaces. The Cisco catalyst IW9167 series provides a choice between Wi-Fi and ultra-reliable wireless backhaul (URWB) modes, enabling easy switching between operating modes without requiring hardware changes. The IW9167E model includes three data radios, such as 2.4 GHz, 5 GHz, and 5/6 GHz radios, which provide a variety of channel possibilities for various uses. The series supports up to 99.995% availability, less than 10 ms latency, and 0% packet loss with seamless handoffs, ensuring robust and uninterrupted wireless connectivity.
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Major Key Players of the Market:
Apple Inc., Samsung Electronics Co. Ltd., Dell Technologies Inc., Huawei Technologies Co. Ltd., Lenovo Group Limited, Intel Corporation, Cisco Systems Inc., Qualcomm Technologies Inc., Broadcom Inc., Hewlett Packard Enterprise Development LP, Nokia Corporation, MediaTek Inc., AsusTek Computer Inc., NXP Semiconductors N.V., CommScope Holding Company Inc., Skyworks Solutions Inc., Qorvo Inc., Realtek Semiconductor Corp., TP-Link Corporation Limited, Aruba Networks, Netgear Inc., Nordic Semiconductor, D-Link Systems Inc., Linksys Holdings Inc., Mojo Networks Inc
Wi-Fi 6E Devices Market 2024 Key Insights:
• The Wi-Fi 6E devices market size is expected to see exponential growth in the next few years. It will grow to $6.88 billion in 2028 at a compound annual growth rate (CAGR) of 22.1%.
• Rising Demand For High-Speed Connectivity Fuels Growth In The Wi-Fi 6E Device Market
• Cutting-Edge Wi-Fi 6E Access Point Solutions For Industrial And Outdoor Environments
• Asia-Pacific was the largest region in the Wi-Fi 6E devices market in 2023 and is expected to be the fastest-growing region in the forecast period
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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