Wi-Fi 7 Market

[202 Pages Report] The Wi-Fi 7 market is estimated at USD 1.0 billion in 2023 and is projected to reach USD 24.2 billion by 2030, at a CAGR of 57.2% from 2023 to 2030. The primary factor driving the growth of the Wi-Fi 7 market is the increasing demand for data-intensive, low-latency applications and use cases due to pandemic-driven lifestyle changes.

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Wi-Fi 7 Market Dynamics

Driver: The rising adoption of Internet of Things

The IoT is driving the need for higher data rates and lower latency. As more and more devices are connected to the internet, the amount of data being transferred is increasing exponentially. This strains existing Wi-Fi networks, which cannot always meet the demand. Wi-Fi 7 is designed to address this issue by offering significantly higher data rates and lower latency. The IoT is increasing the demand for more reliable and secure wireless connections. Many IoT devices are used in critical applications, such as healthcare and industrial automation. In these applications, the wireless connection must be reliable and secure. Wi-Fi 7 offers several features that improve reliability and security, such as OFDMA and Target Wake Time (TWT). IoT is creating new opportunities for Wi-Fi 7. For example, Wi-Fi 7 can connect smart home devices like thermostats, lights, and security cameras. It can also connect industrial IoT devices, such as robots and sensors. These new applications are driving demand for Wi-Fi 7 and helping grow the market.

Restraint: High costs of installation

Wi-Fi 7 devices are expected to be more expensive than previous generations due to the increased complexity and cost of the new features and capabilities. This could limit the adoption of Wi-Fi 7 devices, especially in developing countries. The high cost of Wi-Fi 7 devices is a major restraint in the market. Wi-Fi 7 devices are more complex than previous generations of Wi-Fi devices, which makes them more difficult to install. This could lead to higher labor costs for installers.

Opportunity: Deployment of OpenRoaming and Passpoint technology gathering pace

WBA OpenRoaming is a roaming federation service that provides a global automatic and secure Wi-Fi experience. It creates the framework to connect billions of users and things to millions of Wi-Fi networks in the wireless ecosystem without needing logins, registrations, or passwords, facilitating non-stop connectivity and empowering new opportunities in the 5G era. The WBA Annual Industry Report 2023 underlines that the global momentum for WBA OpenRoaming outreached a milestone of one million hotspots in early 2022. Passpoint technology removes the friction associated with onboarding and offboarding within the hotspots. The WBA report states that 62% of service providers, equipment manufacturers, and enterprises globally will have already deployed Passpoint/OpenRoaming technology or are planning to do so by the end of 2023. A further 25% are expected to deploy the technology by 2025. Among the people adopting OpenRoaming technology, 51% consider improving the overall customer experience as its key driver.

Challenge: High probability of spectrum congestion

Spectrum congestion presents a significant challenge for the Wi-Fi 7 market, particularly due to the shared usage of the 6 GHz band with other applications such as radar and weather forecasting. This congestion adversely affects Wi-Fi 7 network performance, reducing data rates, increased latency, and higher packet loss. Consequently, activities requiring significant bandwidth, like streaming videos and online gaming, become difficult, as does real-time communication, such as VoIP calls. Spectrum congestion also leads to dropped calls, interrupted streaming, and other related issues.

Wi-Fi 7 market Ecosystem

The Wi-Fi 7 market comprises several hardware manufacturers, network server providers, service providers, system integrators, platform providers, and end users working together to deliver Wi-Fi 7 solutions for large-scale IoT deployments.

By vertical, the media and entertainment segment holds the largest market size during the forecast period.

Wi-Fi 7, a significant technological advancement, holds immense potential for transforming the media and entertainment industries. By significantly enhancing speed, range, and reliability, Wi-Fi 7 empowers organizations in various ways. It enables seamless streaming of high-quality content, including 4K and 8K videos, without buffering or lag, enabling real-time delivery of premium content to consumers. Moreover, Wi-Fi 7 facilitates the provision of virtual reality and augmented reality experiences, allowing businesses to create immersive environments for their customers. It also revolutionizes gaming by enabling high-speed delivery of gaming content, including the ability to stream games from remote servers to local devices. This eliminates the need for powerful gaming hardware and expands the indoor and outdoor gaming range. Wi-Fi 7 is set to unlock new possibilities and elevate user experiences in these industries.

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

Wi-Fi 7 can provide high-speed wireless connectivity to large crowds at concerts, sporting events, and trade shows. This will allow attendees to stream videos, share photos, and use social media without experiencing any lag or buffering. Wi-Fi 7 can wirelessly connect public venues such as parks, libraries, and train stations to the internet. This will enable users to stay connected while on the move. Wi-Fi 7 can be used to connect a wide range of devices in industrial applications, including sensors, actuators, and control systems. This will enable firms to automate their operations and increase efficiency. Outdoor wireless networking provides a testbed for new Wi-Fi 7 features and capabilities. The harsh conditions of outdoor environments can be a challenge for wireless networks, but they also provide an opportunity to test new technologies and see how they perform in real-world conditions. Wi-Fi 7 vendors are working closely with outdoor wireless networking providers to test and refine new features, and this feedback is helping to shape the development of Wi-Fi 7.

North America is expected to hold the highest growth rate during the forecast period.

The Wi-Fi 7 market in North America is expected to grow significantly in the coming years. The market is driven by the increasing demand for high-speed internet connectivity and the growing popularity of smart devices. North America is a major market for Wi-Fi technology. The region has a large and growing population of smartphone users, and there is a high demand for high-speed internet connectivity in homes and businesses. The increasing popularity of smart devices is also driving the demand for Wi-Fi technology. Smart devices, such as smart TVs, smart speakers, and smart thermostats, require a reliable, high-speed internet connection. The major factors driving the market’s growth are the increasing demand for high-speed internet connectivity, the growing popularity of smart devices, and the introduction of new Wi-Fi 7 devices and services. The key players in the Wi-Fi 7 market in North America are Qualcomm, Broadcom, MediaTek, Intel, and STMicroelectronics. These companies invest heavily in research and development to develop new Wi-Fi 7 chipsets and solutions. They are also partnering with major smartphone manufacturers and service providers to bring Wi-Fi 7 to the market.

Market Players:

The major players in the Wi-Fi 7 market are Qualcomm (US), Broadcom (US), TP-Link (China), ZTE (China), Mediatek (Taiwan), Keysight Technologies (US), MaxLinear (US), Huawei (China), Commscope (US), Vantiva (France), LitePoint (US), Rohde & Schwarz (Germany), Intel (US), HFCL (India), Netgear (US), SDMC Technology (China), Senscomm Semiconductor (China), H3C (China), VVDN Technologies (India), Actiontec Electronics (US), ADB Global (Switzerland), Ruijie Networks (China), and Edgewater Wireless Systems (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 7 market.

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Scope of the Report

This research report categorizes the Wi-Fi 7 market to forecast revenues and analyze trends in each of the following submarkets:

Based on Offering:

• Hardware
  • System on Chip
  • Access Points
  • Routers
  • Other Hardware
• Solutions
• Services
  • Professional Services
  • 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
• 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
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• Rest of the world

Recent Developments

• In December 2022, Rohde & Schwarz and Broadcom collaborated to announce the availability of an automated test solution for Broadcom Wi-Fi 7 chipsets.
• In January 2023, MediaTek introduced Consumer-Ready Wi-Fi 7 Products in product categories, including residential gateways, mesh routers, televisions, streaming devices, smartphones, tablets, laptops, and more at CES 2023.
• In March 2023, Lounea partnered with TP-Link to become Finland’s first Wi-Fi 7 operator to offer Wi-Fi 7 standards for home wireless networks.

Frequently Asked Questions (FAQ):

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