Wi-Fi 6 Market, Till 2035: Distribution by Type of Offering, Type of Location, Type of Application, Vertical Served and Geographical Regions: Industry Trends and Global Forecasts

The global wi-fi 6 market size is estimated to grow from USD 17.11 billion in the current year to USD 139.9 billion by 2035, at a CAGR of 21.05% during the forecast period, till 2035.

Wi-Fi 6 Market: Growth and Trends

Wi-Fi 6, referred to as 802.11ax technology, is the newest progress in wireless networking, aimed at improving connectivity in environments with a high density of devices. This rapid internet access is facilitated through innovative technologies like Orthogonal Frequency Division Multiple Access (OFDMA) and Multi-User Multiple Input Multiple Output (MU-MIMO), which allows multiple devices to communicate simultaneously.

The benefits of Wi-Fi 6 include enhanced efficiency, permitting a greater number of devices to connect without issues, improved coverage with lesser interference, and stronger security measures such as WPA3, making it well-suited for both residential and commercial settings.

Wi-Fi 6 is a pivotal development for technology and digital transformation globally. The theoretical peak speed of Wi-Fi 6 can achieve up to 9.6 Gbps, nearly three times the speed of its predecessor, Wi-Fi 5. Some advancements and features of Wi-Fi 6 consist of the incorporation of 1024-QAM (Quadrature Amplitude Modulation), which allows for more data to be included in each transmission, thus boosting throughput for demanding applications such as streaming and gaming.

Moreover, the arrival of the 6 GHz band in Wi-Fi 6 broadens the range of available channels, significantly reducing congestion in busy environments. As a result of the abovementioned factors, the wi-fi 6 market is expected to experience significant growth during the forecast period.

Wi-Fi 6 Market: Key Segments

Market Share by Type of Offering

Based on type of offering, the global wi-fi 6 market is segmented into hardware, services and solution. According to our estimates, currently, the hardware segment captures the majority share of the market. This can be attributed to the rising need for quicker and more dependable wireless connectivity, especially in high-density settings such as offices and public areas.

However, the services segment is expected to grow at a higher CAGR during the forecast period, due to the increasing demand for specialized support for the implementation, optimization, and maintenance of advanced networking solutions.

Market Share by Type of Location

Based on type of location, the wi-fi 6 market is segmented into indoor and outdoor. According to our estimates, currently, the outdoor segment capture the majority of the market. Additionally, this segment is expected to grow at a higher CAGR during the forecast period. This growth can be attributed to the increasing need for dependable high-speed internet connectivity in public areas such as parks and urban locations, fueled by the rise in mobile device usage and IoT applications.

Market Share by Type of Application

Based on type of application, the wi-fi 6 market is segmented into HD video streaming & video conferencing, immersive technologies, IoT & industry 4.0, smart home devices and others. According to our estimates, currently, the HD video streaming & video conferencing segment captures the majority share of the market. This growth can be attributed to its capability to provide significantly faster data rates of up to 9.6 Gbps, which is crucial for delivering ultra-high-definition content and facilitating smooth real-time interactions.

However, the immersive technologies segment is expected to grow at a higher CAGR during the forecast period, due to the rising need for high-speed, low-latency connectivity that is vital for applications such as augmented reality (AR) and virtual reality (VR).

Market Share by Vertical Served

Based on vertical served, the wi-fi 6 market is segmented into education, government, healthcare & life sciences, retail & E-commerce and others. According to our estimates, currently, the education segment captures the majority share of the market. This is due to the shift towards digital learning, which requires robust and high-speed connectivity for both students and teachers.

However, the healthcare & life sciences sector is expected to grow at a higher CAGR during the forecast period, due to its essential requirement for improved connectivity to accommodate numerous devices and applications.

Market Share by Geographical Regions

Based on geographical regions, the wi-fi 6 market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and the rest of the world. According to our estimates, currently, North America captures the majority share of the market. Meanwhile, Asia is projected to experience the highest compound annual growth rate during the forecast period.

This growth can be linked to the substantial investments in Wi-Fi 6 infrastructure and elevated adoption rates of smart technologies. Importantly, the region's economic growth and digital transformation efforts, bolstered by government initiatives to improve connectivity, are also propelling the demand for advanced wireless technologies.

Wi-fi 6 Market: Research Coverage

The report on the wi-fi 6 market features insights on various sections, including:

• Market Sizing and Opportunity Analysis: An in-depth analysis of the wi-fi 6 market, focusing on key market segments, including [A] type of offering, [B] type of location, [C] type of application, [D] vertical served and [E] geographical regions.
• Competitive Landscape: A comprehensive analysis of the companies engaged in the wi-fi 6 market, based on several relevant parameters, such as [A] year of establishment, [B] company size, [C] location of headquarters and [D] ownership structure.
• Company Profiles: Elaborate profiles of prominent players engaged in the wi-fi 6 market, providing details on [A] location of headquarters, [B] company size, [C] company mission, [D] company footprint, [E] management team, [F] contact details, [G] financial information, [H] operating business segments, [I] wi-fi 6 portfolio, [J] moat analysis, [K] recent developments, and an informed future outlook.
• Megatrends: An evaluation of ongoing megatrends in wi-fi 6 industry.
• Patent Analysis: An insightful analysis of patents filed / granted in the wi-fi 6 domain, based on relevant parameters, including [A] type of patent, [B] patent publication year, [C] patent age and [D] leading players.
• Recent Developments: An overview of the recent developments made in the wi-fi 6 market, along with analysis based on relevant parameters, including [A] year of initiative, [B] type of initiative, [C] geographical distribution and [D] most active players.
• Porter’s Five Forces Analysis: An analysis of five competitive forces prevailing in the wi-fi 6 market, including threats of new entrants, bargaining power of buyers, bargaining power of suppliers, threats of substitute products and rivalry among existing competitors.
• SWOT Analysis: An insightful SWOT framework, highlighting the strengths, weaknesses, opportunities and threats in the domain. Additionally, it provides Harvey ball analysis, highlighting the relative impact of each SWOT parameter.
• Value Chain Analysis: A comprehensive analysis of the value chain, providing information on the different phases and stakeholders involved in the wi-fi 6 market

Key Questions Answered in this Report

• How many companies are currently engaged in wi-fi 6 market?
• Which are the leading companies in this market?
• What factors are likely to influence the evolution of this market?
• What is the current and future market size?
• What is the CAGR of this market?
• How is the current and future market opportunity likely to be distributed across key market segments?

Reasons to Buy this Report

• The report provides a comprehensive market analysis, offering detailed revenue projections of the overall market and its specific sub-segments. This information is valuable to both established market leaders and emerging entrants.
• Stakeholders can leverage the report to gain a deeper understanding of the competitive dynamics within the market. By analyzing the competitive landscape, businesses can make informed decisions to optimize their market positioning and develop effective go-to-market strategies.
• The report offers stakeholders a comprehensive overview of the market, including key drivers, barriers, opportunities, and challenges. This information empowers stakeholders to stay abreast of market trends and make data-driven decisions to capitalize on growth prospects.

Additional Benefits

• Complimentary Excel data packs for all analytical modules in the report
• 15% free content customization
• Detailed report walkthrough session with the research team
• Free update if the report is 6 months or older