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Wi-Fi 6 Market Size By Component (Device [Mesh Routers, Wireless Access Points, Home Gateways, Wireless Repeaters, Chipset], Services), By Band (Single Band, Dual Band, Tri Band), By Application (Commercial, Residential), By End-Use (Education, Consumer Electronics, Healthcare, Automotive & Transportation, Industrial, IT & Telecommunication), COVID-19 Impact Analysis, Growth Potential, Regional Outlook, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI5397
  • Published Date: Nov 2022
  • Report Format: PDF

Industry Statistics

Wi-Fi 6 Market size exceeded USD 20 billion in 2022 and is poised to grow at 10% CAGR from 2023 to 2032. The industry growth is driven by the increasing number of internet users.
 

Wi-Fi 6 Market

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Growing smartphone penetration and expanding telecommunication services have proliferated the number of internet users, fueling the development and adoption of connectivity technologies such as Wi-Fi 6. Meanwhile, government investments towards digital infrastructure development will also augment the Wi-Fi 6 market share. For instance, in April 2021, the U.S. government invested USD 40 million in an NSF-led RINGS program to fund research on latest cellular, Wi-Fi, and satellite network versions to increase the number of connected devices that enable everyday lives.
 

Growing internet security threats may impede industry development

Despite there being a broad scope for Wi-Fi 6 adoption across a growingly connected world, increasing internet security threats may hamper the market growth. Of late, numerous security and privacy challenges have come to the forefront due to the rising number of connected systems. Every endpoint, sensor, gateway, and smartphone has become vulnerable to cyberattacks, which may negatively impact the Wi-Fi 6 industry landscape. Proper privacy and security are required for Wi-Fi solutions and the associated services to be leveraged, which may pose challenges to the industry.
 

Rising preference for home automation to bolster home gateways component segment share

Wi-Fi 6 Market Size By Device

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Based on component, the Wi-Fi 6 market from home gateways segment is set to hit USD 3 billion by 2032, driven by the rapidly rising adoption of home automation across developed economies. Smart, home automation devices such as internet kitchen appliances require an internet connection for access, creating demand for home gateways. The market growth is also expected to come from growing digitalization in IT and infrastructure worldwide.
 

Residential and commercial applications to drive single-band Wi-Fi market growth

On the basis of the band, the single-band segment will witness 5% CAGR through 2032, fueled by a strong demand from commercial and residential applications. Single-band Wi-Fi devices are ideal for facilitating internet connection across short distances, providing internet connection to smartphones, laptops, smart home devices, online gaming platforms, and other mobile devices. The growing hybrid working trend is further expected to foster the demand for single band devices from residential applications.
 

Surging demand for wi-fi devices for commercial applications to bring high revenues

Wi-Fi 6 Market Size By Application

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Based on application, the Wi-Fi 6 market from commercial application will showcase around 10% –growth rate during the forecast period, on account of surging demand for Wi-Fi connectivity across commercial spaces such as schools, universities, offices, and public places. The growing adoption of Wi-Fi devices across commercial applications can also be credited to rising e-learning trend across schools and universities which require unified network connectivity for uninterrupted services.
 

Increasing adoption across residential spaces to drive the demand in Europe

Wi-Fi 6 Market Share By Region

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Based on region, the Europe Wi-Fi 6 market size is anticipated to depict around 6% CAGR till 2032, owing to a growing internet demand in the region. The rising presence of connected devices is fostering a pressing need for scalable public Wi-Fi infrastructure. Nations such as the UK, Russia, Germany, France, and Italy are among the leading adopters of the Wi-Fi 6 technology in Europe, which can be attributed to the rapid shift to digital-first lifestyles following the COVID-19 pandemic.
 

Product innovations to define the competitive landscape

Some of the leading companies operating in the Wi-Fi 6 industry include Cambium Networks, Inc., ALE International, Aruba Networks (HPE), ASUSTeK Computer Inc., Commscope, D-Link Corporation, and Cisco Systems, Inc.. Many companies are focusing on product innovations to better cater to consumer demand. In February 2022, NETGEAR, an American computer networking company, unveiled two new Wi-Fi 6 mesh extenders: nighthawk ax1800 (EAX20), and nighthawk ax6000 (EAX80). Developed specifically to extend the bandwidth through Orthogonal Frequency Division Multiple Access (OFDMA) technology, both devices are capable of delivering speeds of up to 1.8Gbps.
 

Impact of COVID-19 on the industry statistics

The COVID-19 pandemic had a positive impact on the Wi-Fi 6 market as the ensuing lockdowns elevated the need to internet connectivity worldwide. According to OECD, the demand for broadband communication services has increased drastically since the start of the pandemic, with some operators reporting a 60% rise in internet traffic.
 

Prolonged lockdowns also made consumers more dependent on the internet, and Wi-Fi devices by extension, for remote learning and work purposes. As per a 2020 survey conducted by the U.S. Bureau of Labor Statistics, 31% of establishments increased telework for employees due to the pandemic. Now, with the remote working trend still going strong, the market is likely to witness a stable period of growth in coming years.
 

This Wi-Fi 6 market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipments in terms of units from 2018 to 2032, for the following segments:

Market, By Component

  • Device
    • Mesh routers
    • Wireless access points
    • Home gateways
    • Wireless repeaters
    • Chipset
  • Services

Market, By Band

  • Single band
  • Dual band
  • Tri band

Market, By Application

  • Commercial
  • Residential

Market, By End Use

  • Education
  • Consumer electronics
  • Healthcare
  • Automotive & transportation
  • Industrial
  • IT & telecommunication
  • Others

The above information has been provided for the regional and countries:

North America

  • U.S.
  • Canada

Europe

  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia

Asia Pacific

  • China
  • India
  • Japan
  • South Korea
  • Taiwan

Latin America

  • Brazil
  • Mexico

MEA

  • South Africa
  • GCC

 

Authors: Preeti Wadhwani, Aayush Jain

Frequently Asked Questions (FAQ) :

The market for Wi-Fi 6 registered a valuation of over USD 20 billion in 2022 and is set to witness over 10% CAGR through 2032.

The Europe market is anticipated to depict more than 6% CAGR through 2023-2032, fueled by the rising presence of connected devices, which is fostering a pressing need for scalable public Wi-Fi infrastructure in the region. The rapid shift towards digital-first lifestyles following the COVID-19 pandemic is also slated to drive regional growth.

The commercial application segment is poised to register over 10% CAGR by 2032, driven by the rising demand for Wi-Fi internet connectivity across educational institutions, offices, and public places. The rising e-learning trend across schools and universities is also slated to foster industry expansion.

Some of the leading companies include Kaonmedia Co., Ltd, NETGEAR, Ubiquiti Inc., Broadcom, Infineon Technologies, Intel Corporation, MediaTek Inc, Linksys Holdings, Inc., Juniper Networks, Inc., TP-Link Corporation Limited.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 26
  • Tables & Figures: 364
  • Countries covered: 17
  • Pages: 290

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