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Redding, California - June 7, 2024

Wi-Fi 6 Market to be Worth $18.2 Billion by 2031

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

Meticulous Research^®—leading global market research company, 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 this latest publication from Meticulous Research^®, the Wi-Fi 6 market is projected to reach $18.2 billion by 2031, at a CAGR of 25.2% from 2024 to 2031. The growth of the Wi-Fi 6 market 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 requirements for implementing Wi-Fi 6 technology restrain the growth of this market. Furthermore, increasing investments in smart city projects are expected to generate growth opportunities for the players operating in this market. However, data security & privacy concerns are a major challenge impacting market growth. Additionally, the growing number of internet users and connected devices is a prominent trend in this market.

The Wi-Fi 6 market is segmented by device (mesh routers, wireless access points, home gateways, and wireless repeaters), commercial use (enterprises and consumers), application (consumer electronics, AR/VR, retail, healthcare, manufacturing, smart cities, and other applications), and geography. The study also evaluates industry competitors and analyzes the market at the 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 of over 41.0% of the Wi-Fi 6 market. The segment's large market share is attributed to the increasing adoption of wireless access points to handle more devices simultaneously without sacrificing performance. Wireless access points help 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 mesh routers’ capacity to utilize multiple nodes that work together to create a single and 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 of over 65.0% of the Wi-Fi 6 market. The segment's large market share 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 consumers 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, 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. Also, 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 of over 32.0% of the Wi-Fi 6 market. The segment's large market share is attributed to the increasing use of Wi-Fi 6 technology to improve the performance of consumer electronics products such as smartphones, tablets, laptops, smart TVs, and gaming consoles. Consumer electronics connected to Wi-Fi 6 networks are better protected from unauthorized access and data breaches. Also, Wi-Fi 6 provides consumer electronics with faster speeds, lower latency, improved battery life, and improved performance in crowded environments.

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, reduce power consumption, enhance security, provide seamless connectivity, and enable valuable data analytics capabilities. Also, the implementation of Wi-Fi 6 helps city planners and administrators gain valuable 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 account for the largest share of over 60.0% of the Wi-Fi 6 market. North America’s significant market share can be attributed to the rising adoption of Wi-Fi-connected devices, the increasing demand for faster internet speeds, and government initiatives to promote the adoption of Wi-Fi 6 technology in the region.

However, Asia-Pacific is expected to register the highest CAGR of over 21.5% during the forecast period. The growth of this regional market is driven by rising consumer demand for high-speed & high-bandwidth internet connectivity, the rising number of connected devices, the high demand for public Wi-Fi6 hotspots, increasing smart city projects, and the increasing use of Wi-Fi 6 among enterprises in the region.

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.).

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5238

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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Redding, California - June 7, 2024

Wi-Fi 6 Market to be Worth $18.2 Billion by 2031

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

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