Wi-Fi 6 Market

Wi-Fi 6 Market Booms: Powering Faster Speeds & Smarter Connections

The global Wi-Fi 6 market is expected to increase from USD 5.7 billion in 2023 to USD 20.9 billion by 2028, with a compound annual growth rate (CAGR) of 29.3%. With an increasing number of internet users, demand for Wi-Fi 6 and its services is likely to rise, accelerating market growth. Furthermore, as the number of connected devices and data-intensive applications in business environments grows exponentially, so does the demand for faster data speeds and more network capacity. Wi-Fi 6 provides greater performance and efficiency, addressing the increasing data demands.

The Wi-Fi 6 market is fueled by several key growth drivers:

  • Surging Internet Users and Devices
  • Rise of the Internet of Things (IoT)
  • Growing Demand for Faster Speeds
  • Smart Homes and Smart Cities
  • Shift to Hybrid Work Models
  • Improved Security Measures

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Surging Internet Users and Devices: The ever-increasing number of people relying on the internet, along with the explosion of internet-connected devices, is straining older Wi-Fi standards. Wi-Fi 6 offers the increased capacity and efficiency needed to handle this growing demand for bandwidth.

Rise of the Internet of Things (IoT):  The proliferation of smart devices in homes, businesses, and industries necessitates a robust and reliable wireless connection. Wi-Fi 6's ability to manage numerous IoT devices concurrently makes it a critical component of the IoT revolution.

Growing Demand for Faster Speeds:  Activities like high-definition video streaming, online gaming, and cloud computing require ever-faster internet speeds. Wi-Fi 6 delivers significant speed improvements over previous Wi-Fi generations, catering to these growing user demands.

Smart Homes and Smart Cities:  The increasing adoption of smart home devices and the development of smart city initiatives require strong, secure Wi-Fi networks for efficient operation. Wi-Fi 6 fulfills this need by providing the necessary bandwidth and reliability.

Shift to Hybrid Work Models:  The rise of remote and hybrid work arrangements necessitates dependable Wi-Fi connectivity at home for video conferencing, file transfers, and other work activities. Businesses are upgrading to Wi-Fi 6 to ensure their employees have a seamless work experience from anywhere.

Improved Security Measures:  Wi-Fi 6 offers enhanced security features like WPA3 encryption, which safeguards sensitive data transmission on wireless networks. This is crucial for businesses and individuals alike.

These factors are all contributing to a significant rise in the Wi-Fi 6 market, making it a key technology for supporting our increasingly connected world.

Wi-Fi 6 Market Share - Global Industry Landscape

Some of the leading companies in the Wi-Fi 6 industry include:

  • Broadcom Inc (US)
  • Intel Corporation (US)
  • Huawei technologies (China)
  • NETGEAR Inc (US)

1. Broadcom Inc (US)

Market Share:

  • Broadcom is a leading player in the Wi-Fi 6 market, known for its significant market share in Wi-Fi chipsets and components used by various device manufacturers.

Key Offerings:

  • Wi-Fi 6 Chipsets: Broadcom offers a range of Wi-Fi 6 chipsets designed for high-performance wireless applications. Their BCM43684 and BCM43694 chipsets are notable for their high throughput and efficiency.
  • SoCs (System on Chips): Broadcom’s SoCs integrate multiple functions into a single chip, providing solutions for routers, gateways, and access points.
  • Network Infrastructure Solutions: Broadcom provides solutions that support high-density environments such as enterprise networks, public Wi-Fi hotspots, and residential broadband.

2. Intel Corporation (US)

Market Share:

  • Intel is a major player in the Wi-Fi 6 market, especially in the PC and laptop segment where its wireless cards and modules are widely used.

Key Offerings:

  • Wi-Fi 6 Network Adapters: Intel’s AX200 and AX201 adapters are popular in laptops, desktops, and other computing devices, providing high-speed wireless connectivity.
  • SoCs for Routers and Gateways: Intel offers SoCs that power Wi-Fi 6 routers and gateways, enhancing home and enterprise networking performance.
  • Client-Side Solutions: Intel provides solutions for various devices including PCs, laptops, and IoT devices, focusing on delivering fast, reliable wireless connections.

3. Huawei Technologies (China)

Market Share:

  • Huawei holds a substantial share in the global Wi-Fi 6 market, particularly strong in the Asia-Pacific region and increasingly in other parts of the world.

Key Offerings:

  • Wi-Fi 6 Routers: Huawei offers a range of Wi-Fi 6 routers such as the Huawei Wi-Fi AX3 and AX3 Pro, known for their high speeds and extensive coverage.
  • Enterprise Networking Solutions: Huawei’s AirEngine series of access points are designed for enterprise environments, supporting high-density and high-capacity needs.
  • Telecom Infrastructure: Huawei provides comprehensive solutions for telecom operators, integrating Wi-Fi 6 with broader 5G and network infrastructure.

4. NETGEAR Inc (US)

Market Share:

  • NETGEAR is a prominent player in the consumer and small business segments of the Wi-Fi 6 market, known for its wide range of networking products.

Key Offerings:

  • Wi-Fi 6 Routers: NETGEAR offers several high-performance Wi-Fi 6 routers including the Nighthawk series (e.g., RAX80, RAX200) known for their advanced features and robust performance.
  • Mesh Wi-Fi Systems: NETGEAR’s Orbi Wi-Fi 6 mesh systems (e.g., Orbi AX6000, AX4200) provide extensive coverage and seamless connectivity for large homes and offices.
  • Network Switches and Extenders: NETGEAR also offers Wi-Fi 6 network switches and extenders that enhance and expand existing wireless networks.

Related Reports:

Wi-Fi 6 Market by Offering (Hardware, Solution, and Services), Location Type, Application (Immersive Technologies, IoT & Industry 4.0, Telemedicine), Vertical (Education, Media & Entertainment, Retail & eCommerce) and Region - Global Forecast to 2028

Wi-Fi 6 Market Size,  Share & Growth Report
Report Code
TC 8079
RI Published ON
8/3/2023
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