Meticulous Research®, a leading global market research provider, has issued a new report titled, ‘Wi-Fi 6 Market Size, Share, Forecast, & Trends Analysis by Device (Mesh Routers, Wireless Access Points, Home Gateways), Commercial Use (Enterprises, Consumers), Application (Consumer Electronics, AR/VR, Retail, Smart Cities, Healthcare), and Geography - Global Forecast to 2031.’
The Wi-Fi 6 market is projected to reach $18.2 billion by 2031, with a CAGR of 25.2% from 2024 to 2031. This anticipated growth is driven by increasing demand for faster internet connectivity and the expanding adoption of Wi-Fi 6 devices in smart home settings. High initial costs are a significant barrier to growth, though smart city investments offer substantial opportunities. Data security and privacy concerns are major challenges, while the rise in connected devices and internet users is a notable trend.
The market is segmented by device (mesh routers, wireless access points, home gateways, and wireless repeaters), commercial use (enterprises vs. consumers), application (consumer electronics, AR/VR, retail, healthcare, manufacturing, smart cities, and others), and geography. The report also includes a detailed analysis of market competitors and regional trends.
For device categories, the Wi-Fi 6 market includes mesh routers, wireless access points, home gateways, and wireless repeaters. The wireless access points segment is expected to dominate with over 41.0% market share in 2024, owing to their ability to manage multiple devices efficiently. The mesh routers segment is projected to grow at the highest CAGR, driven by their capability to form a seamless network with multiple nodes, enhancing overall performance and smart home integration.
By commercial use, the market is split into enterprises and consumers. The enterprises segment is forecasted to hold over 65.0% of the market share in 2024, driven by the need for high-performance Wi-Fi in business environments. The consumer segment is expected to grow at a faster pace, supported by Wi-Fi 6’s benefits for improved connectivity and performance.
The market is also segmented by application into consumer electronics, AR/VR, retail, healthcare, manufacturing, smart cities, and other areas. The consumer electronics segment is projected to lead with over 32.0% market share in 2024, driven by the performance enhancements offered by Wi-Fi 6. The smart cities segment is anticipated to experience the highest growth rate, driven by the need for advanced connectivity and data analytics in urban environments.
Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to hold over 60.0% of the market share in 2024, due to high adoption rates and supportive government initiatives. Asia-Pacific is projected to grow at the highest CAGR of over 21.5%, driven by rising demand for high-speed connectivity and smart city developments.
Key Players
The key players operating in the Wi-Fi 6 market are Cisco Systems, Inc. (U.S.), Cypress Semiconductor Corporation (a part of Infineon Technologies AG) (U.S.), Aruba Networks (a part of Hewlett Packard Enterprise Company) (U.S.), D-Link Corporation (Taiwan), Marvell Technology, Inc. (U.S.), KAONMEDIA Co., Ltd. (Korea), Ruckus Wireless, Inc. (a part of Commscope Holding Company, Inc.) (U.S.), Cambium Networks Corporation (U.S.), Linksys Holdings, Inc. (U.S.), AsusTek Computer Inc. (Taiwan), TP-Link Corporation Limited (China), NETGEAR, Inc. (U.S.), Intel Corporation (U.S.), Huawei Technologies Co., Ltd. (a part OF Huawei Investment & Holding Co., Ltd.) (China), and Juniper Networks, Inc. (U.S.).
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Key Questions Answered in the Report:
• Which are the high-growth market segments in terms of device, commercial use, and application?
• What is the historical market size for Wi-Fi 6 solutions globally?
• What are the market forecasts and estimates for 2024–2031?
• What are the major drivers, restraints, opportunities, challenges, and trends in the Wi-Fi 6 market?
• Who are the major players in the Wi-Fi 6 market, and what are their market shares?
• What is the competitive landscape like?
• What are the recent developments in the Wi-Fi 6 market?
• What are the growth strategies adopted by major market players?
• What are the trends, and which are the high-growth countries?
• Who are the local emerging players in the Wi-Fi 6 market, and how do they compete with the other players?
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