Wi-Fi 6 Market

Market Definition

The Wi-Fi 6 Market size was valued at USD 10.65 billion in 2023 and is predicted to reach USD 44.51 billion by 2030 with a CAGR of 22.8% from 2024-2030.

Wi-Fi 6, also known as 802.11ax, is the latest generation of WiFi technology that is designed to increase data throughput speeds, reduce latency, and improve the overall efficiency of wireless networks. With heightened capacity and efficiency, Wi-Fi 6 proves indispensable for industries characterized by dense deployments of IoT devices, ensuring optimal performance and reliability. Its improved network capabilities, including Orthogonal Frequency Division Multiple Access (OFDMA) and Multi-User, Multiple Input, Multiple Output (MU-MIMO), make it especially valuable in high-density environments such as stadiums and airports. Industries leveraging IoT, such as manufacturing and logistics, benefit from seamless connectivity and enhanced data transfer rates OF Wi-Fi 6.

Market Dynamics and Trends

The demand for Wi-Fi 6 is significantly growing due to the increasing penetration of the internet across the world. As per the latest report published by the International Telecommunication Union, about 5.3 billion people in the world use internet in 2022. As the number of internet users continues to rise globally, there is a growing demand for high-speed connectivity and efficient data transmission. Wi-Fi 6 technology addresses this need by offering high-speed internet services and efficient data transmission capabilities, making it possible for users to experience enhanced internet performance, are driving the growth of the market.

Moreover, the growing adoption of smart devices, such as smartphones, tablets, smart TVs, and wearables is further driving the growth of the Wi-Fi 6 market. According to the latest report published by the GSM Association, over 7 billion people globally own smartphones in 2024. The report further anticipates that smartphone adoption is poised to reach 90% by the year 2029. As the smartphone user base continues to expand, the demand for robust and high-speed connectivity. These devices require higher data speeds to perform better and more efficiently than the previous versions of wifi technology, which can be attained using Wi-Fi 6 technology.

Furthermore, the adoption of Internet of Things (IoT) devices and smart home solutions, including thermostats, security cameras, and lights, is on the rise. This surge in connected devices is driving the demand for faster and more reliable internet connectivity. As a result, the Wi-Fi 6 market is experiencing accelerated growth, driven by the need to provide efficient and high-performance wireless connectivity for the increasing number of IoT devices and smart home solutions.

However, degradation in signal quality due to frequency interference and lack of compatibility of the Wi-Fi 6 with existing or older devices are the major factors restraining the growth of the market. On the contrary, the introduction of the 5G network is poised to revolutionize internet connectivity by offering seamless, low-latency, and improved-speed connections. This development is expected to create ample opportunities for the Wi-Fi 6 market in the coming years. As 5G technology becomes more widespread, the demand for Wi-Fi 6, with its enhanced capabilities to deliver high-speed and reliable wireless connectivity, providing users with advanced and efficient connectivity options, is likely to surge.

Market Segmentations and Scope of the Study

The Wi-Fi 6 market share is segmented on the basis of offering, location type, enterprise size, end-user, and region. On the basis of offering, the market is divided into hardware, solution, and services. Hardware is further classified into wireless access points, mesh routers, home gateways, wireless repeaters. Services are further segmented into professional services, managed services. On the basis of location type, the market is classified into indoor and outdoor. 

On the basis of enterprise size, the market is segmented into large enterprises and small & medium enterprises. On the basis of end-user, the market is divided into consumer electronics, healthcare, manufacturing, smart cities, AR/VR, and others. Regional breakdown and analysis of each of the aforesaid segments include regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

Asia Pacific holds the dominant share of the Wi-Fi 6 market and is expected to continue its dominance during the forecast period. This is attributed to factors such as the increasing penetration of smartphones, wearables, and smart home devices in emerging countries such as China, India, and Japan. As per the latest report published by the GSM Association, smartphone adoption in Asia Pacific is anticipated to increase from 76% in 2022 to an impressive 94% in 2030. Additionally, the adoption of 5G technology is poised for substantial growth, projected to rise from 4% in 2022 to a substantial 41% by 2030. This shift in smartphones and 5G connectivity in Asia Pacific is driving the growth of the Wi-Fi 6 market.

Moreover, the rapidly growing consumer electronics industry is driving the demand for faster and more reliable internet connectivity in this region, which further boosts the growth of the Wi-Fi 6 market. According to the latest report published by the State Council Information Office of the People's republic of China, in 2021, China’s consumer electronics manufacturing output reached USD 4.6 trillion. This robust growth in the consumer electronics sector emphasizes the increasing need for advanced networking technologies to support the connectivity requirements of modern devices. Wi-Fi 6, with its enhanced speed, capacity, and efficiency, is well-positioned to meet the demands of the burgeoning consumer electronics market in China and contribute to the overall development of the digital infrastructure in the region.

On the other hand, North America is expected to show a steady rise in the growth of the Wi-Fi 6 market due to the presence of developed healthcare industry in North America. The region's healthcare sector, particularly in the United States, is adopting Wi-Fi 6 to support critical functions such as electronic health recording, telemedicine, and compliance with regulatory requirements. According to the latest report by the National Center for Health Statistics (NCHS) of the Centers for Disease Control and Prevention (CDC), the use of electronic medical records (EMRs) in the United States continues to grow with 86.9% of office-based physicians and 96.9% of non-federal acute care hospitals adopting EMRs in 2021-22.

Moreover, the presence of key regional market players such as Broadcom Inc. and Intel Corporation plays an important role in the development of the Wi-Fi 6 market, thereby accelerating the growth of the market in this region. These companies play a crucial role in driving advancements, innovation, and market expansion within the aluminum-air battery sector in Asia-Pacific. For instance, in January 2022, Intel Corporation launched a series of Wi-Fi 6 & 6E products and features including ‘Double Connect’ technology including the new 12th Gen Intel Core mobile processors for business and personal use. The launched was aimed towards driving technological progress and meeting the increasing connectivity demands in the region.

Competitive Landscape

Various market players operating in the Wi-Fi 6 market include Cisco Systems, Intel Corporation, Huawei Technologies, Netgear Inc, Juniper Networks Inc, Broadcom Inc, Qualcomm Inc., Extreme Networks, Ubiquiti Networks, Fortinet Inc, Synology Inc, NXP Semiconductors, D-Link Corporation, MediaTek Inc, Sterlite Technologies Limited, and others. These market players are adopting product launches as their key developmental strategy to remain dominant in the Wi-Fi 6 market.

For instance, in December 2022, Netgear Inc. launched its high-performance Wi-Fi 6 access point named the NETGEAR WAX220 WiFi 6 Access Point. The dual-band WAX220 provides an easy-to-use, budget-friendly WiFi solution with excellent performance.

Moreover, in November 2022, Synology launched WRX560 Wi-Fi 6 router for the modern smart homes. The new powerful Wi-Fi 6 router was designed to provide fast, secure, and safe internet connectivity. Furthermore, in August 2021, D-Link Corporation launched the world’s first Wi-Fi 6 USB adapter named AX1800 Wi-Fi 6 USB Adapter (DWA-X1850). The new Wi-Fi adapter is a high-speed, easy-to-install, highly portable upgrade for desktop and laptop computers to bolster wireless connectivity and security.

Key Benefits

• The report provides quantitative analysis and estimations of Wi-Fi 6 market from 2024 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep dive analysis of the Wi-Fi 6 market including the current and future trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the Wi-Fi 6 market is provided in the report. 

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Key Market Segments

By Offering 

• Hardware

  • Wireless Access Points

  • Mesh Routers

  • Home Gateways

  • Wireless Reapeaters

• Solution

• Services

  • Professional Services

  • Managed Services

By Enterprise Size

• Large Enterprise 

• SMEs

By Location Type 

• Indoor 

• Outdoor

By End-User 

• Consumer Electronics,

• Healthcare

• Manufacturing

• Smart Cities

• AR/VR

• Others

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden        

  • Norway        

  • Russia        

  • Rest of Europe    

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2023	USD 10.65 Billion
Revenue Forecast in 2030	USD 44.51 Billion
Growth Rate	CAGR of 22.8% from 2024 to 2030
Analysis Period	2023–2030
Base Year Considered	2023
Forecast Period	2024–2030
Market Size Estimation	Billion (USD)
Growth Factors	Increasing penetration of internet drives the market growth Rising adoption of smartphones across the globe boosts the market growth Increasing adoption of IoT devices drives the market expansion
Countries Covered	28
Companies Profiled	15
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.

KEY PLAYERS

• Cisco Systems

• Intel Corporation

• Huawei Technologies

• Netgear Inc

• Juniper Networks Inc

• Broadcom Inc

• Qualcomm Inc

• Extreme Networks

• Ubiquiti Networks

• Fortinet Inc

• Synology Inc

• NXP Semiconductors

• D-Link Corporation

• MediaTek Inc

• Sterlite Technologies Limited