Wi-Fi 7 Market New Trends, Latest Opportunities, Future Growth, Business Scenario, Size, Scope, Key Companies and Forecast to 2030

Wi-Fi 7 Market by Offering (Hardware, Solutions, and Services), Location Type, Application (Immersive Technologies, IoT & Industry 4.0, Telemedicine), Vertical (Media & Entertainment, Education, Residential, Retail), and Region - Global Forecast to 2030.
The global Wi-Fi 7 market [https://www.marketsandmarkets.com/Market-Reports/wi-fi-7-market-37305689.html?utm_campaign=wifi7market&utm_source=abnewswire.com&utm_medium=paidpr] is expected to expand significantly, increasing from USD 1.0 billion in 2023 to USD 24.2 billion by 2030, with a remarkable Compound Annual Growth Rate (CAGR) of 57.2%. This growth will be fueled by the growing demand for Internet of Things (IoT) applications and the enhanced ability of Wi-Fi 7 to reduce network traffic and interferences.

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By location type, indoor segment is estimated to account for the largest market share in 2023.

Wi-Fi 7 is the next generation of Wi-Fi technology, and it is expected to offer significant improvements over previous generations in terms of speed, range, and reliability. This makes it an ideal solution for indoor wireless networking in smart homes and buildings. In a smart home, Wi-Fi 7 can connect a wide range of devices, including smart TVs, security cameras, thermostats, and light bulbs. This allows users to control their home devices from anywhere in the world and to automate tasks such as turning on the lights when they arrive home or adjusting the thermostat when they leave. Wi-Fi 7 can connect various devices for smart buildings, including sensors, actuators, and control systems. This allows building operators to monitor and control the building's environment, such as the temperature, lighting, and security.

Access points are expected to register the fastest growth rate during the forecast period.

Access Points are essential for connectivity and to ensure proficiency in deploying Wi-Fi 7. Access Point in Wi-Fi 7 are used to integrate various devices on the same network, facilitate communication and resource sharing and accessibility at ultra-high speeds between numerous devices, and maintain internet speeds despite immense traffic. Wi-Fi 7 provides better security, making these Access Points reliable to connect and suitable for Enterprise level networking. They can be used in office spaces, Educational Institute, Public Spaces, Hospitality, and many other areas with heavy user traffic flow.

Europe is expected to have the second-highest growth rate

Numerous causes, such as the rising use of mobile devices, the rising demand for mobile data, and the creation of new wireless technologies, fueling the expansion of indoor and outdoor wireless services in Europe. The rise of indoor and outdoor wireless services is having a good effect on the European economy and the lives of Europeans, and the European wireless market is anticipated to continue growing in the coming years. The slow rate at which the necessary lower 6-GHz band for Wi-Fi and its successor, Wi-Fi 6E, has been made accessible in the region has put European regulators under growing strain.

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Unique Features in the Wi-Fi 7 Market

Wi-Fi 7 introduces unprecedented speeds and efficiency, offering a theoretical maximum speed of up to 46 Gbps, nearly four times faster than Wi-Fi 6. This is achieved through advanced technologies like 320 MHz channel bandwidth and 4K-QAM modulation, enabling ultra-fast data transmission and supporting high-bandwidth applications seamlessly.

One of the standout features of Wi-Fi 7 is Multi-Link Operation (MLO), which allows devices to connect across multiple frequency bands simultaneously. This reduces latency, enhances reliability, and ensures a smoother experience for activities like gaming, streaming, and real-time communications.

Wi-Fi 7 is designed to perform exceptionally well in high-density environments such as stadiums, airports, and office spaces. Its ability to mitigate interference through advanced spectrum management ensures consistent performance, even in crowded networks.

The introduction of Time-Sensitive Networking (TSN) in Wi-Fi 7 improves Quality of Service (QoS) by prioritizing critical traffic, such as video conferencing and industrial automation, while ensuring minimal delays and high reliability for real-time applications.

Wi-Fi 7 maintains backward compatibility with previous Wi-Fi generations, allowing seamless integration into existing networks. This ensures businesses and consumers can adopt the technology without the need for extensive infrastructure overhauls.

Wi-Fi 7 includes features that optimize energy consumption, making it ideal for battery-powered IoT devices. Enhanced power-saving mechanisms contribute to prolonged device life and reduce overall energy usage in connected ecosystems.

Major Highlights of the Wi-Fi 7 Market

The proliferation of Internet of Things (IoT) devices and smart technologies is a major driver for the Wi-Fi 7 market. Its advanced capabilities cater to the high connectivity requirements of smart homes, industrial automation, and healthcare devices, fueling widespread adoption.

Wi-Fi 7 offers transformative improvements in network speed, reliability, and latency, making it ideal for bandwidth-intensive applications like 8K streaming, cloud gaming, and AR/VR. These advancements are set to revolutionize both consumer and enterprise connectivity.

With features like Multi-Link Operation (MLO) and improved interference management, Wi-Fi 7 is becoming the preferred choice for densely populated areas such as airports, stadiums, and urban centers, where network congestion is a critical challenge.

Wi-Fi 7's capabilities are enabling new applications in industrial automation, smart factories, and advanced logistics systems. Its ability to support time-sensitive networking (TSN) is particularly beneficial for sectors requiring real-time data processing and high reliability.

Leading technology providers and network solution companies are heavily investing in Wi-Fi 7 research and development. The market is witnessing collaborations, acquisitions, and strategic alliances to accelerate product innovation and market penetration.

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Top Companies in the Wi-Fi 7 Market

Key and innovative vendors in the Wi-Fi 7 market include Qualcomm (US), Broadcom (US), TP-Link (China), ZTE (China), MediaTek (Taiwan), Keysight Technologies (US), MaxLinear (US), Huawei (China), Commscope (US), Vantiva (France), LitePoint (US), Rohde & Schwarz (Germany), Intel (US), HFCL (India), Netgear (US), SDMC Technology (China), Senscomm Semiconductor (China), H3C (China), VVDN Technologies (India), Actiontec Electronics (US), ADB Global (Switzerland), Ruijie Networks (China), and Edgewater Wireless Systems (Canada).

Qualcomm

Qualcomm is a global technology company that creates semiconductors, software and services related to wireless technology. It was founded in 1985 and is headquartered in San Diego, California. Qualcomm's primary business revolves around developing and licensing wireless technologies and providing integrated circuit (IC) products for mobile devices, including smartphones, tablets, and other connected devices. The company is known for its Snapdragon system-on-chip (SoC) platforms, which power a wide range of mobile devices and enable advanced features such as high-speed connectivity, artificial intelligence, and superior graphics performance. Qualcomm is involved in creating technologies and supporting intelligent connectivity by designing products and solutions that grow technologies such as 5-enabled smartphones, Pro level cameras, advancement in gaming devices, smart cities, smart vehicles, connected factories, and AI innovations. Qualcomm has offices in more than 170 countries across North America, Asia Pacific, Middle East & Africa, and Latin America, and operations all around the globe. It owns patents critical to the 5G, 4G, CDMA2000, TD-SCDMA, and WCDMA mobile communications standards.

Broadcom

Broadcom Inc. is a global technology company specializing in semiconductor and infrastructure software solutions. They provide diverse products, including integrated circuits and system-on-a-chip solutions for wired infrastructure, wireless communications, enterprise storage, and industrial automation. Broadcom's offerings encompass Ethernet switching and routing, wireless connectivity (Wi-Fi, Bluetooth, GPS), storage infrastructure components, industrial automation solutions, infrastructure software for cybersecurity, network management, and more. Broadcom offers thousands of products that are used in end products, like enterprise and data center networking, home connectivity, set-top boxes, broadband access, telecommunication equipment, smartphones, and base stations, data center servers and storage systems, factory automation, power generation, alternative energy systems, and electronic displays. Broadcom's infrastructure solutions helps customers to plan, develop, automate, manage, and secure applications across mainframe, distributed, mobile and cloud platforms. Many multinational companies and government agencies rely on their software solutions to help them manage and secure their on-premises hybrid cloud platform.

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