Global Wi-Fi 6 Market Share, Scope, Trends and Forecast to 2028

April 27, 2022
ID: SR/ICT-154
Format:Pdf
Pages:220

Global Wi-Fi 6 Market By Offering (Hardware, Solutions and Services), By Industry Vertical (Education, Retail and eCommerce, Healthcare, Government, Hospitality, Transportation and Logistics, Manufacturing and others) and By Region (North America, Europe, Asia-Pacific, South America and The Middle East & Africa)-Global Forecast to 2028.

Description

Wi-Fi 6 Market Overview

The global Wi-Fi 6 market size is valued at USD 11.5 billion in 2021, and it is expected to reach USD 26.9 billion by 2028, with a CAGR of 17.9% during the forecast period of 2022-2028. The Wi-Fi 6 devices market has noticed increased upload traffic due to the enhanced use of home and office Wi-Fi networks. The present infrastructure is proven inefficient and incapable with the rise in easy accessibility due to the growing need for smart devices and the surging demand for fast Internet service by businesses for real-time monitoring and managing systems. Product inventions such as Wi-Fi 6 are most likely to deliver the required solution for multiple connectivities in less time.

What is Wi-Fi 6?

Wi-Fi 6 is the next generation of Wi-Fi- It’ll still do the exact essential thing — connect to the internet — just with a bunch of different technologies to create that happen more efficiently, running up connections in the process; Wi-Fi 6 is a substantial advancement over last generations, though the contrasts may not seem immediately apparent to the average user. These modifications might not dramatically change the way we operate wireless routers or wireless networking but instead consist of many gradual improvements that stack up to be a substantial upgrade.

Growth Drivers

An increasing number of internet users

Because the number of internet users has been rising in recent years and is projected to continue to enhance in the next few years, the demand for Wi-Fi 6 and its services is expected to rise simultaneously. Due to advanced smartphone penetration and improved connectivity, internet users worldwide are fast expanding. Increased internet connectivity worldwide has opened new business prospects for telecom service providers. However, these advantages in terms of latency and bandwidth also need to match their competitors’ uptime. Telecom companies invest extensively in upgraded Wi-Fi solutions to benefit from these new opportunities, which might deliver the requisite connectivity bandwidth, security, and network dependability. The industry is anticipated to rise as telecom companies expand their investments in wireless network infrastructure.

Opportunities

Increasing deployment of public Wi-Fi

Wi-Fi is becoming more wide open in public spaces such as supermarkets, stadiums, airports, and hotels. The increased demand for Wi-Fi devices and guest Wi-Fi solutions is due. Somebody now has access to speedier broadband services that provide constant internet access everywhere and at any time. Organizations can use Wi-Fi analytics to extract critical information and data points that aid management in making marketing-related decisions. For example, with the help of location analytics, the hotel management can tell how frequently guests use their in–house gym, hotel bar, restaurant, and lobby. Organizations can provide more custom and tailored solutions to customers with such analytics. Additionally, in the case of guest Wi-Fi, service providers can hold a log of recovery consumers who visit the store and log into the account Wi-Fi. With this knowledge, the management would be able to provide loyalty points to regularly visiting customers.

Restraints

Argument loss and co-channel interference

Contention loss and co-channel interference are the critical problems associated with Wi-Fi networks. Contention loss refers to poor network performance due to different clients converging on a single AP, whereas co-channel interference is induced when two or more APs use the same Radio Frequency (RF) channel, thereby affecting the network performance. It is a threat in some mature markets, such as North America, Europe, and APAC countries. Regions already have well–established Wi-Fi networks, and enforcing a new network may cause network mapping between the channels, thereby hindering the network’s performance. The allocation of users along the APs would not be exact, which would pose a problem in making decisions about implementing new APs.

Pre Covid-19 Impact on Global Wi-Fi 6 Market

Before the covid-19 period, Wi-Fi 6 introduces new technologies to help mitigate the issues of setting dozens of Wi-Fi devices on a single grid. It allows routers to transmit with more devices at once, send data to numerous devices in the same broadcast, and let Wi-Fi devices program check-ins with the router. Together, those elements should keep connections strong even as more and more devices start requesting data, which boosts the growth of the Wi-Fi 6 market.

Covid-19 Impact on Global Wi-Fi 6 Market

During COVID–the 19 periods, internet access was provided through free APs to consumers who could not afford to purchase broadband. Due to the pandemic outbreak, there has been a dramatic growth in telecommuting and data traffic from households and industries, resulting in the adoption of the Wi-Fi 6 solution. The worldwide lockdowns and stay–at–home orders prompted by COVID–19 raised wireless broadband.

Improving digital technology and the global proliferation of Wi-Fi 6 access is important for both established and developing economies. Due to the COVID–19 outbreak, the number of Wi-Fi 6 connected devices across homes is increasing day–by–day. Lockdown has provided rise to digital learning media and message boards for remote education, promoting market growth.

Post Covid-19 Impact on Global Wi-Fi 6 Market

After the covid-19 period, Investment in communication technology is increasing significantly across the world. Cisco VNI (Visual Networking Index) calculated that Wi-Fi hotspots would exceed 600 million sites by 2023, In which the number of Wi-Fi 6 hotspots is possible to grow 13-fold from 2020 through 2023. It is projected to hold an 11% share of all public Wi-Fi hotspots across the globe. The rise in demand for fast Internet service from end-users increases the demand for Wi-Fi 6. Internet speeds with this latest standard are anticipated to increase by 40% compared to its previous generation. Enhanced MIMO and high data transmission speed are anticipated to propel public areas such as airports, stadiums, malls, and other busy locations.

By Industry Vertical Segmental Analysis

Based on industry vertical segmental analysis, the global Wi-Fi 6 market is segmented into Education, Retail and eCommerce, Healthcare, Government, Hospitality, Transportation and Logistics, Manufacturing and others. The retail and e-commerce segment accounted for significant market growth. The high growth is attributable to the rapidly growing demand for superior wireless connectivity across corporate offices. Nowadays, corporate employees collaborate with their clients and co-workers through video meetings, learning via streaming videos, and hosting numerous cloud applications. It requires high-speed internet connectivity, thereby raising the adoption of wi-fi6 and wi-fi6E routers and wifi-6 enabled end-user devices such as laptops. It is predicted to increase the chipset demand over the forecast period.

By Regional Segmental Analysis

Based on region segmental analysis, the global Wi-Fi 6 market is segmented into North America, Europe, Asia-Pacific, South America and The Middle East & Africa. Asia-Pacific to grow at the highest CAGR during the forecast period. The Asia Pacific rapidly proves itself as the world’s most powerful area, home to several smart cities. Increased security spending to hold up with the ever-changing threat landscape is driving great trouble among governments in this region.

Competitors Analysis

The companies include Apple Inc., Broadcom Corp., Cisco Systems, Inc., Cyress Semiconductor Corp., Dell Inc., D-Link Corporation, Fujitsu Ltd., HP Enterprise, Intel Corporation and other prominent global Wi-Fi 6 markets.

Key Stakeholders

Recent Developments

In February 2022, NETGEAR launches the nighthawk ax1800 (EAX20) and nighthawk ax6000 (EAX80) Wi-Fi 6 mesh extenders. The new Wi-Fi extenders are created to widen bandwidth using Orthogonal Frequency Division Multiple Access (OFDMA) technology. In terms of distinctions between the two, the NETGEAR nighthawk ax1800 mesh extender comes as a new four-stream mesh extender and can deliver up to 1.8Gbps speeds.
In December 2021, Huawei established AirEngine 6760–X1 & 6760–X1E APs as ultra–high performance indoor decided Wi-Fi 6 (802.11ax) APs with ten spatial streams by default and two built-in IoT slots. The AP can deliver up to 12 spatial streams and work in the triple–radio mode with an RTU license.
In November 2021, Juniper Networks declared two new 6 GHz access points that leverage Mist AI. It aims to maximize Wi-Fi arrangement and capacity while streamlining IT functions. Wi-Fi 6E is a new wireless standard that boosts network capacity by making a larger RF spectrum unrestricted in the 6 GHz range to add to the existing 2.4 GHz and 5 GHz bands.
In October 2021, Qualcomm launched Networking Pro 1610 Platform, a fully integrated Wi-Fi 6E platform suited for enterprise-class applications such as large corporate campuses and venues. It is an industry-leading, 16–stream offering featuring Qualcomm Tri-Band Wi-Fi 6.
In March 2021, Intel launched Wi-Fi 6 (Gig+) adapter that supports the new IEEE 802.11ax standard – Wi-Fi 6 technology and was Wi-Fi CERTIFIED 6. The product supports 2×2 Wi-Fi 6 technology, including new features such as UL and DL OFDMA and 1024QAM, delivering data rates of up to 2.4Gbps and increased network capacity and Bluetooth 5.1 support.

Scope of the Report

Report Attribute	Details
Revenue in 2021	USD 11.5 billion
The revenue forecast in 2028	USD 26.9 billion
Growth Rate	CAGR of 17.9 % from 2022 to 2028.
Historical data	2017 – 2020
Base Year	2021
Forecast period	2022 – 2028
Region covered	North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	The key players are Apple Inc., Broadcom Corp., Cisco Systems, Inc., Cyress Semiconductor Corp., Dell Inc., D-Link Corporation, Fujitsu Ltd., HP Enterprise, and Intel Corporation.

Market Modelling

By Offering

Hardware
Solutions
Services

By Industry Vertical

By Region

North America
Europe
Asia Pacific
South America
The Middle East & Africa

Table Of Contents

Methodology

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Frequently Asked Questions (FAQ):

What is the market size of the global Wi-Fi 6 market?

The global Wi-Fi 6 market size is valued at USD 11.5 billion in 2021, and it is expected to reach USD 26.9 billion by 2028, with a CAGR of 17.9% during the forecast period of 2022-2028.

What are the growth drivers in the global Wi-Fi 6 market?

Due to advanced smartphone penetration and improved connectivity, internet users worldwide are fast expanding. Increased internet connectivity worldwide has opened new business prospects for telecom service providers.

What are the restraints in the global Wi-Fi 6 market?

Who are the key players in the global Wi-Fi 6 market?

The key players are Apple Inc., Broadcom Corp., Cisco Systems, Inc., Cyress Semiconductor Corp., Dell Inc., D-Link Corporation, Fujitsu Ltd., HP Enterprise, and Intel Corporation.

What are the opportunities in the global Wi-Fi 6 market?

Wi-Fi is becoming more wide open in public spaces such as supermarkets, stadiums, airports, and hotels. The increased demand for Wi-Fi devices and guest Wi-Fi solutions is due, and Somebody now has access to speedier broadband services that provide constant internet access everywhere and at any time. Organizations can use Wi-Fi analytics to extract critical information and data points that aid management in making marketing-related decisions.

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