Meticulous Research®, a leading global market research company, has published a research 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.’
According to the latest publication from Meticulous Research®, the Wi-Fi 6 market is projected to reach $18.2 billion by 2031, growing at a CAGR of 25.2% from 2024 to 2031. This growth is driven by the increasing demand for high-speed internet connectivity and the rising adoption of Wi-Fi 6 devices for smart home applications. However, the high initial investment required to implement Wi-Fi 6 technology restrains market growth. Additionally, increasing investments in smart city projects are expected to create growth opportunities for market players. Nevertheless, data security and privacy concerns pose significant challenges to market growth. Another prominent trend in this market is the growing number of internet users and connected devices.
The Wi-Fi 6 market is segmented by device (mesh routers, wireless access points, home gateways, and wireless repeaters), commercial use (enterprises and consumers), and application (consumer electronics, AR/VR, retail, healthcare, manufacturing, smart cities, and other applications). The study also evaluates industry competitors and analyzes the market at regional and country levels.
Based on device, The Wi-Fi 6 market is segmented into mesh routers, wireless access points, home gateways, and wireless repeaters. In 2024, the wireless access points segment is expected to account for the largest share, over 41.0%, of the Wi-Fi 6 market. This dominance is attributed to the increasing adoption of wireless access points, which can handle more devices simultaneously without sacrificing performance. These access points improve coverage, providing more reliable connectivity throughout the coverage area. Wi-Fi 6 access points offer significant improvements in speed, capacity, efficiency, security, and support for emerging technologies.
However, the mesh routers segment is expected to register the highest CAGR during the forecast period. The growth of this segment is driven by the ability of mesh routers to utilize multiple nodes that work together to create a single, seamless Wi-Fi network. Wi-Fi 6 mesh routers provide faster speeds and better overall performance compared to traditional routers and come with built-in support for smart home devices and integrations with popular smart home platforms.
Based on commercial use, The Wi-Fi 6 market is segmented into enterprises and consumers. In 2024, the enterprises segment is expected to account for the larger share, over 65.0%, of the Wi-Fi 6 market. This dominance is attributed to the increasing use of Wi-Fi 6 in enterprises to accommodate the growing number of connected devices without sacrificing performance. Wi-Fi 6 offers faster data transfer speeds and reduced latency in applications such as video conferencing, streaming, and large file transfers. It provides enterprises with increased capacity, improved performance, better efficiency, enhanced security, IoT support, better coverage, and reliability.
However, the consumer segment is expected to register the higher CAGR during the forecast period. The growth of this segment is driven by the increasing adoption of Wi-Fi 6 for better data delivery, low latency, and improved wireless performance. The growing use of Wi-Fi 6 in commercial applications due to its multi-device connection feature, better battery life, and reduced terminal device power consumption further propels this segment's growth. Additionally, Wi-Fi 6 offers less bandwidth congestion in commercial use.
Based on application, The Wi-Fi 6 market is segmented into consumer electronics, AR/VR, retail, healthcare, manufacturing, smart cities, and other applications. In 2024, the consumer electronics segment is expected to account for the largest share, over 32.0%, of the Wi-Fi 6 market. This dominance is attributed to the increasing use of Wi-Fi 6 technology to enhance the performance of consumer electronics products such as smartphones, tablets, laptops, smart TVs, and gaming consoles. Wi-Fi 6 networks provide these devices with faster speeds, lower latency, improved battery life, and better performance in crowded environments. Additionally, consumer electronics connected to Wi-Fi 6 networks are better protected from unauthorized access and data breaches.
However, the smart cities segment is expected to register the highest CAGR during the forecast period. The growth of this segment is driven by the increasing use of Wi-Fi 6 in smart cities to connect a vast array of devices, sensors, and infrastructure components for real-time communication and data exchange. Wi-Fi 6 in smart cities helps reduce power consumption, enhance security, provide seamless connectivity, and enable valuable data analytics capabilities. The implementation of Wi-Fi 6 also helps city planners and administrators gain insights into traffic patterns, crowd density, and air quality.
Based on geography, The Wi-Fi 6 market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to hold the largest share, over 60.0%, of the Wi-Fi 6 market. This significant market share is due to the rising adoption of Wi-Fi-connected devices, the increasing demand for faster internet speeds, and government initiatives promoting the adoption of Wi-Fi 6 technology in the region.
However, Asia-Pacific is anticipated to register the highest CAGR, over 21.5%, during the forecast period. This growth is driven by rising consumer demand for high-speed and high-bandwidth internet connectivity, the increasing number of connected devices, the high demand for public Wi-Fi 6 hotspots, the expansion of smart city projects, and the growing use of Wi-Fi 6 among enterprises in the region.
Key Players
The key players in the Wi-Fi 6 market include Cisco Systems, Inc. (U.S.), Cypress Semiconductor Corporation (part of Infineon Technologies AG) (U.S.), Aruba Networks (part of Hewlett Packard Enterprise Company) (U.S.), D-Link Corporation (Taiwan), Marvell Technology, Inc. (U.S.), KAONMEDIA Co., Ltd. (Korea), Ruckus Wireless, Inc. (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. (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 market segments are experiencing high growth in terms of device, commercial use, and application?
• What is the historical global market size for Wi-Fi 6 solutions?
• What are the market forecasts and estimates for the period 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 does the competitive landscape look like?
• What are the recent developments in the Wi-Fi 6 market?
• What growth strategies are major market players adopting?
• What are the trends, and which countries are experiencing high growth?
• Who are the local emerging players in the Wi-Fi 6 market, and how do they compete with other players?
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