Wi-Fi 6 Market Sets Course for USD 26.58 Billion by 2030 Driven by 24.6% CAGR

Richmond, United States, 2024-Apr-15 — /EPR Network/ —

The Wi-Fi 6 Market was valued at USD 5.7 Billion in 2023. Projections suggest a significant increase to USD 26.58 Billion by 2030, reflecting a robust compound annual growth rate (CAGR) of 24.6% during the forecast period from 2023 to 2030.

The Wi-Fi 6 Market is revolutionizing wireless networking by delivering faster speeds, higher capacity, and enhanced performance to meet the demands of modern digital environments. Wi-Fi 6, based on the IEEE 802.11ax standard, offers significant improvements in speed, efficiency, and reliability, unlocking new opportunities for seamless connectivity across diverse applications and industries. In this blog, we delve into the significance, trends, and opportunities within the Wi-Fi 6 Market, exploring its transformative impact on connectivity, productivity, and user experience.

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Major vendors in the global Wi-Fi 6 Market:

  • Cisco Systems Inc.
  • Qualcomm Technologies Inc.
  • Broadcom Inc.
  • Intel Corporation
  • Huawei Technologies
  • NETGEAR Inc.
  • Juniper Networks Inc.
  • Extreme Networks Inc.
  • Ubiquiti Inc.
  • Fortinet Inc.
  • Aruba Networks
  • NXP Semiconductors (Netherlands)
  • AT&T
  • D–Link Corporation
  • Alcatel Lucent Enterprise
  • TP–Link Corporation Limited
  • MediaTek Inc.
  • Telstra
  • Murata Manufacturing Co., Ltd.
  • Sterlite Technologies Limited
  • Renesas Electronics
  • H3C Technologies Co., Ltd.
  • Keysight Technologies
  • LitePoint
  • Rohde & Schwarz
  • Cambium Networks, Ltd.
  • Senscomm Semiconductors Co., Ltd.
  • Redway Networks Ltd. Company
  • WILUS Inc.
  • Federated Wireless, Inc.
  • Actiontec Electronics
  • ADB Global
  • SDMC Technology
  • Edgewater Wireless
  • Others

Key Trends and Innovations:

  • Enhanced Speed and Throughput: Wi-Fi 6 introduces advanced technologies such as Orthogonal Frequency Division Multiple Access (OFDMA) and Multi-User Multiple Input Multiple Output (MU-MIMO) to increase data throughput and reduce latency in wireless networks. These improvements enable faster transmission speeds and more efficient utilization of network resources, supporting bandwidth-intensive applications such as streaming media, online gaming, and virtual reality.
  • Improved Spectrum Efficiency: Wi-Fi 6 utilizes spectrum management techniques such as Target Wake Time (TWT) and Basic Service Set (BSS) coloring to improve spectral efficiency and minimize interference in congested wireless environments. By optimizing channel allocation and reducing contention among devices, Wi-Fi 6 enhances network performance, reliability, and coverage, especially in high-density deployment scenarios such as stadiums, airports, and smart cities.
  • IoT and Industry 4.0 Integration: Wi-Fi 6 enables seamless connectivity for a wide range of Internet of Things (IoT) devices and industrial applications, supporting the proliferation of smart devices, sensors, and connected machinery in the era of Industry 4.0. With its ability to handle massive device density and diverse traffic types, Wi-Fi 6 facilitates reliable communication, real-time data exchange, and intelligent automation in smart homes, smart factories, and smart cities.
  • Enterprise and Campus Deployments: Enterprises and educational institutions are adopting Wi-Fi 6 technology to enhance network performance, security, and user experience in campus environments. Wi-Fi 6 access points offer better coverage, capacity, and roaming capabilities, enabling seamless connectivity for a growing number of mobile devices, laptops, and IoT endpoints, while ensuring robust security and compliance with regulatory requirements.

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Major Segmentations Are Distributed as follows:

  • By Offering
    • Hardware
      • Wireless Access Points
      • Mesh Routers
      • Home Gateways
      • Wireless Controllers
      • System on Chip
      • Other Hardware
  • Solutions
  • Services
    • Professional Services
      • Consulting
      • Deployment & Integration
      • Support & Maintenance
    • Managed Services
  • By Location Type
    • Indoor
    • Outdoor
  • By Application
    • Immersive Technologies
    • HD Video Streaming and Video Streaming
    • Smart Home Devices
    • IoT and Industry 4.0
    • Telemedicine
    • Public Wi-Fi and Dense Environments
    • Others
  • By Vertical
    • Retail and Ecommerce
    • Government and Public Sector
    • Manufacturing
    • Media and Entertainment
    • Healthcare and Life Sciences
    • Transportation and Logistics
    • Travel and Hospitality
    • Education
    • Residential
    • Others
  • By Region
    • North America
      • US
      • Canada
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Colombia
      • Chile
      • Peru
      • Rest of Latin America
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • BENELUX
      • CIS & Russia
      • Nordics
      • Austria
      • Poland
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Thailand
      • Indonesia
      • Malaysia
      • Vietnam
      • Australia & New Zealand
      • Rest of Asia Pacific
    • Middle East & Africa
      • Saudi Arabia
      • UAE
      • South Africa
      • Nigeria
      • Egypt
      • Israel
      • Turkey
      • Rest of Middle East & Africa

Recent Developments

  • April 2023, Halford has collaborated with Juniper Networks to deliver AI-driven solutions for both wired and wireless access across its stores, garages, and offices.
  • February 2023, Cisco has partnered with Federated Wireless to incorporate an Automated Frequency Coordination (AFC) solution into its access points capable of operating in the 6 GHz wireless spectrum.

Market Dynamics and Opportunities:

The Wi-Fi 6 Market is driven by the exponential growth of connected devices, increasing demand for high-speed wireless connectivity, and emerging use cases such as augmented reality, telemedicine, and remote work. Opportunities for market expansion include investments in Wi-Fi 6 infrastructure, client devices, and management tools to support evolving connectivity requirements in homes, businesses, public spaces, and industrial settings.

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In conclusion, the Wi-Fi 6 Market represents a significant leap forward in wireless networking technology, offering faster speeds, higher capacity, and improved reliability for a wide range of applications and industries. As organizations and consumers embrace Wi-Fi 6 technology to meet the growing demands of digital connectivity, the market will continue to evolve, driving innovation, interoperability, and adoption of next-generation wireless solutions. By harnessing the capabilities of Wi-Fi 6, businesses and communities can unlock new opportunities for innovation, productivity, and connectivity in the digital age.

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