Wi-Fi 6 Market

[298 Pages Report] The Wi-Fi 6 market is estimated at USD 5.7 billion in 2023 to USD 20.9 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 29.3%. One of the major factors driving the growth of the Wi-Fi 6 market is the growing popularity of smart homes, cloud computing, and virtual reality. Also, the emergence of the Internet of Things (IoT) and the implementation of smart office technologies require robust and reliable wireless connectivity. Wi-Fi 6's ability to handle numerous IoT devices simultaneously positions it as an essential enabler for IoT-driven business innovations.

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Wi-Fi 6 Market Dynamics

Driver: Rise in the adoption of IoT devices

IoT uses embedded technology to allow objects to perceive their surroundings, such as pressure, humidity, temperature, and motion. It works with network technologies to connect IoT devices and the cloud to transfer data as needed. This market is important for connecting things, and it has become a widely accepted standard of connectivity in a variety of physical contexts, including homes, businesses, schools, hospitals, and airports. Wireless Broadband Alliance (WBA) has recently revealed a survey stating that eighty three percent of service providers and equipment manufacturers and enterprises worldwide will have deployed Wi-Fi 6/6E or plan to do so before the end of 2022.

Restraint: Contention loss and co-channel interference

Wi-Fi 6, a cutting-edge wireless networking standard (also known as 802.11ax), the organizations face two critical factors impacting network performance and efficiency that includes: contention loss and co-channel interference. Contention loss arises when multiple devices compete for access to the same channel, resulting in data collisions and subsequent retransmissions, leading to increased latency and reduced overall network throughput. And, co-channel interference, emerges when multiple access points in the vicinity employ the same channel, resulting in overlapping signals and performance degradation. In busy environments or crowded areas, this interference can be especially detrimental to network efficiency.

Opportunity: Increasing deployment of public Wi-Fi

The growing proliferation and widespread adoption of public Wi-Fi networks in various business and commercial settings present a lucrative opportunity for enterprises to leverage Wi-Fi 6 (802.11ax) technology. As the demand for seamless connectivity and high-speed internet continues to rise, businesses recognize the need to cater to their customers and patrons with reliable, efficient, and secure wireless networks. Wi-Fi 6’s advanced features, including Orthogonal Frequency Division Multiple Access (OFDMA) and Multi-User Multiple Input Multiple Output (MU-MIMO), enable enterprises to accommodate numerous devices concurrently while maintaining optimal performance and reducing latency. Furthermore, businesses are seeking robust and scalable wireless solutions with the ever-expanding Internet of Things (IoT) ecosystem and the rise of smart cities. Wi-Fi 6's ability to handle massive IoT deployments positions it as the preferred choice for enterprises aiming to provide cutting-edge IoT services and applications in public spaces.

Challenge: Data security and privacy concerns

Data security and privacy concerns pose significant challenges that require proactive measures. One of the primary challenges is the potential for unauthorized access to sensitive information. Without proper encryption and authentication protocols, hackers can intercept and exploit data transmitted over Wifi networks, leading to data breaches and financial losses. Moreover, the proliferation of Internet of Things (IoT) devices in business environments introduces additional vulnerabilities, as these devices may lack robust security measures and can serve as entry points for cyber attackers. In this scenario, Wi-Fi solutions and associated services offer secure, reliable, high–speed internet access. Any disruption to enterprise processes can significantly affect the entire business. As a result, several enterprises are reluctant to adopt Wi-Fi solutions and services. Hence, proper security and privacy are needed to successfully deploy Wi-Fi solutions and associated services. The factors mentioned above are some of the major challenges that may affect the market’s growth.

Wi-Fi 6 Market Ecosystem

Prominent companies in this market include well-established, financially stable Wi-Fi 6 hardware providers, solutions, services providers, and regulatory bodies. These companies have been operating in the market for several years and possess a diversified product portfolio and state-of-the-art technologies. Prominent companies in this market include Qualcomm (US), NXP (Netherlands), AT&T (US), and STL (India).

By vertical, the educated segment to hold the largest market size during the forecast period

Educational institutions will likely experience an influx of new wireless devices faster than any other sector. With students returning to schools, colleges, and universities, institutions need to be prepared to handle hundreds or even thousands of new devices in addition to all legacy devices. Wi-Fi 6 can significantly improve indoor and outdoor Wi-Fi performance, which benefits schools with a desire to offer excellent wireless connections. The demand for reliable and secure internet access has increased, especially with the advent of eLearning and online exam practices. Wi-Fi 6 solutions and services empower students and staff members to access the internet from diverse devices and locations. Moreover, Wi-Fi 6 caters to the increasing connectivity requirements of expanding online education, learning activities, and business operations.

By location type, the outdoor segment is expected to register the fastest growth rate during the forecast period.

The outdoor Wi-Fi 6 solution is when Wi-Fi access is provided outside of a building. Outdoor Wi-Fi 6 is usually used as an extension of the internal WLAN network of an organization to give users a continuous Wi-Fi 6 service. Scenarios for outdoor Wi-Fi 6 include the outdoor areas of a school, college, university, holiday park, hospital, hotel, or shopping center. Outdoor Wi-Fi 6 operates in the 2.4 or 5GHz frequency and can achieve theoretical throughputs of up to 1.7Gbps – true throughputs depend on client devices and the quality of WAP. Outdoor APs are often deployed with sectored antennas focusing on the wireless coverage of a specific area, thus providing a stronger and faster Wi-Fi 6 connection.

North America is expected to hold the largest market size during the forecast period

North America is expected to dominate the Wi-Fi 6 market and continue to do so for the forecast period. It is due to its expanding start-up culture, aided by establishing SMEs and expanding large corporations' R&D efforts. Using integrated enterprises and business solutions drives North America’s growth, offering significantly more flexible and agile business processes and operations.

Market Players:

The major players in the Wi-Fi 6 market are Cisco Systems Inc. (US), Qualcomm Technologies Inc. (US), Broadcom Inc (US), Intel Corporation (US), Huawei technologies (China), NETGEAR Inc (US), Juniper Networks Inc (US), Extreme Networks Inc. (US), Ubiquiti Inc. (US), Fortinet Inc. (US), Aruba Networks (US), NXP Semiconductors (Netherlands), AT&T (US), D–Link Corporation (Taiwan), Alcatel Lucent Enterprise (France), TP–Link Corporation Limited (China), MediaTek Inc. (Taiwan), Telstra (Australia), Murata Manufacturing Co., Ltd. (Japan), Sterlite Technologies Limited (India), Renesas Electronics (Japan), H3C Technologies Co., Ltd. (China), Keysight Technologies (US), LitePoint (US), Rohde & Schwarz (Germany), Cambium Networks, Ltd. (US), Senscomm Semiconductors Co., Ltd. (China), XUNISON (Ireland), Redway Networks Ltd. Company (England), VSORA SAS (France), WILUS Inc. (South Korea), Federated Wireless, Inc. (US), Actiontec Electronics (US), ADB Global (Switzerland), SDMC Technology (China), and Edgewater Wireless (Canada). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and enhancements, and acquisitions to expand their footprint in the Wi-Fi 6 market.

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Scope of the Report

This research report categorizes the Wi-Fi 6 market to forecast revenues and analyze trends in each of the following submarkets:

Based on 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

Based on Location Type:

• Indoor
• Outdoor

Based on Application:

• Immersive Technologies
• HD Video Streaming and Video Streaming
• Smart Home Devices
• IoT and Industry 4.0
• Telemedicine
• Public Wi-Fi and Dense Environments
• Other Applications

Based on Vertical:

• Retail and Ecommerce
• Government and Public Sector
• Manufacturing
• Media and Entertainment
• Healthcare and Life Sciences
• Transportation and Logistics
• Travel and Hospitality
• Education
• Residential
• Other Verticals

By Region:

• North America
  • United States (US)
  • Canada
• Europe
  • United Kingdom (UK)
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • Australia and New Zealand
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Middle East & Africa
  • KSA
  • UAE
  • South Africa
  • Rest of Middle East
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America

Recent Developments

• In April 2023, Halford partnered with Juniper Networks to provide AI-driven wired and wireless access solutions in its stores, garages, and offices.
• In February 2023, Cisco and Federated Wireless collaborated to integrate Automated Frequency Coordination (AFC) solution into its wireless 6 GHz-capable access points.
• In December 2022, Skyworks partnered with Broadcom to deliver power efficiency for Wi-Fi 6/6E devices.

Frequently Asked Questions (FAQ):

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