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
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%. Various smart home devices are connected to the internet, and for a reliable and high-speed connection, Wi-Fi 6 is suitable. It is expected to drive the adoption of the Wi-Fi 6 market.
"By offering, hardware segment to hold the largest market size during the forecast period."
The Wi-Fi 6 hardware segment includes WAP, mesh routers, home gateways, and wireless repeaters. Integrating Wi-Fi 6 with other devices has improved connectivity, which is crucial for industries like healthcare and retail that rely heavily on wireless connectivity. A loss of connection can disrupt their daily business operations. New hardware is necessary to improve performance as Wi-Fi 6 relies on hardware updates instead of software updates. Even if most devices in a home support Wi-Fi 6, a Wi-Fi 6-enabled router is needed to take advantage of this new technology.
Based on vertical, the healthcare and life sciences segment is expected to register the fastest growth rate during the forecast period.
In the healthcare & life sciences industry, Wi-Fi 6 is utilized for centralized data management to enhance the scalability and reliability of services. Wi-Fi 6 can accommodate multiple devices in dense locations, providing better coverage, and improving spectrum resource management, ultimately resulting in a better user experience and improved patient outcomes. This technology is particularly beneficial for hospitals where there is a high volume of medical devices that are transitioning from wired to wireless configurations. By upgrading these devices and access points to Wi-Fi 6, healthcare practitioners can provide more efficient and reliable patient care.
"Latin America to register the second-highest growth rate during the forecast period."
Latin America is adopting Wi-Fi 6 solutions and services slower than other regions due to the region's lack of economic stability and poor infrastructure growth. However, the rising IT revolution is leading to the widespread use of the internet and mobile-based applications. The number of smartphones sold in Latin American countries has also increased, which has spurred the adoption of Wi-Fi 6 technology. Wi-Fi 6 in Latin America can establish strategic relationships with regional telecom operators, device makers, and solution suppliers to exploit its current infrastructure, expertise, and customer base. Collaboration with these entities can accelerate the supply of services and market penetration. It is important to consider security and data privacy in the IoT space. Wi-Fi 6 in Latin America must adhere to data protection laws and guarantee safe connectivity to maintain trust among businesses and customers.
Breakdown of primaries
The study contains insights from various industry experts, from solution vendors to Tier 1 companies. The break-up of the primaries is as follows:
By Company Type: Tier 1 - 34%, Tier 2 - 43%, and Tier 3 - 23%
By Designation: C-level -50%, D-level - 30%, and Others - 20%
By Region: North America - 25%, Europe - 30%, Asia Pacific - 30%, Middle East & Africa - 10%, and Latin America- 5%.
The major players in the Wi-Fi 6 market 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, enhancements, and acquisitions to expand their footprint in the Wi-Fi 6 market.
Research Coverage
The market study covers the Wi-Fi 6 market size across different segments. It aims at estimating the market size and the growth potential across different segments, including offerings (hardware, solutions, and services), location type, application, vertical and region. The study includes an in-depth competitive analysis of the leading market players, their company profiles, key observations related to product and business offerings, recent developments, and market strategies.
Key Benefits of Buying the Report
The report will help the market leaders/new entrants with information on the closest approximations of the global Wi-Fi 6 market's revenue numbers and subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the market's pulse and provide them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Analysis of key drivers (Increasing number of internet users, rise in the adoption of IoT devices, and growing need for faster and secure network), restraints (contention loss and co-channel interference), opportunities (increasing deployment of public Wi-Fi), and challenges (data security and privacy concerns) influencing the growth of the Wi-Fi 6 market. Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Wi-Fi 6 market. Market Development: Comprehensive information about lucrative markets - the report analyses the Wi-Fi 6 market across various regions. Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Wi-Fi 6 market. Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players 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.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONS COVERED
1.3.3 INCLUSIONS AND EXCLUSIONS
1.3.4 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 STAKEHOLDERS
1.6 IMPACT OF RECESSION
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews with experts
2.1.2.2 List of key primary interview participants
5.3.5.1 REGULATORY BODIES, GOVERNMENT AGENCIES,AND OTHER ORGANIZATIONS
5.3.5.2 North America
5.3.5.2.1 US
5.3.5.2.2 Canada
5.3.5.3 Europe
5.3.5.4 Asia Pacific
5.3.5.4.1 South Korea
5.3.5.4.2 China
5.3.5.4.3 India
5.3.5.5 Middle East & Africa
5.3.5.5.1 UAE
5.3.5.6 Latin America
5.3.5.6.1 Brazil
5.3.5.6.2 Mexico
5.3.6 PATENT ANALYSIS
5.3.7 KEY CONFERENCES & EVENTS, 2023-2024
5.3.8 PRICING ANALYSIS
5.3.8.1 Average selling price of key players
5.3.8.2 Average selling price trend
5.3.9 PORTERS FIVE FORCES MODEL
5.3.9.1 Threat from new entrants
5.3.9.2 Threat from substitutes
5.3.9.3 Bargaining power of buyers
5.3.9.4 Bargaining power of suppliers
5.3.9.5 Intensity of competitive rivalry
5.3.10 KEY STAKEHOLDERS & BUYING CRITERIA
5.3.10.1 Key stakeholders in buying criteria
5.3.10.2 Buying criteria
5.3.11 TRENDS AND DISRUPTIONS IMPACTING BUYERS/CLIENTS BUSINESSES
5.3.12 ETHICS AND IMPLICATIONS OF WI-FI 6
5.3.12.1 Bias and fairness
5.3.12.2 Privacy and security
5.3.12.3 Intellectual property
5.3.12.4 Accountability and responsibility
5.3.12.5 Societal and economic impact
5.3.13 TECHNOLOGY ANALYSIS
5.3.13.1 Related technologies
5.3.13.1.1 Target Wake Time (TWT)
5.3.13.1.2 OFDMA
5.3.13.1.3 BSS Coloring
5.3.13.1.4 MU-MIMO
5.3.13.2 Adjacent technologies
5.3.13.2.1 5G network
5.3.13.2.2 WiMAX
5.3.13.2.3 IoT
5.3.13.2.4 MulteFire
5.3.13.2.5 LTE
5.3.14 TECHNOLOGY ROADMAP OF WI-FI 6
5.3.14.1 Short-term roadmap (2023–2025):
5.3.14.2 Mid-term roadmap (2026–2028):
5.3.14.3 Long-term roadmap (2029–2030):
5.3.15 BEST PRACTICES OF WI-FI 6 MARKET
5.3.16 CURRENT AND EMERGING BUSINESS MODELS
5.3.16.1 SaaS Model
5.3.16.2 Consulting Services Model
5.3.16.3 Revenue Sharing Model
5.3.16.4 Managed Services Model
6 WI-FI 6 MARKET, BY OFFERING
6.1 INTRODUCTION
6.1.1 OFFERINGS: WI-FI 6 MARKET DRIVERS
6.2 HARDWARE
6.2.1 WIRELESS ACCESS POINTS
6.2.1.1 Need to transmit wireless signals and connect multiple users to single centralized access point to drive market
6.2.2 MESH ROUTERS
6.2.2.1 Mesh routers to improve speed, coverage, and reliability of devices within network
6.2.3 HOME GATEWAYS
6.2.3.1 Need to prevent unauthorized access to private network and simplify coordination of things to drive market
6.2.4 WIRELESS CONTROLLERS
6.2.4.1 Wireless controllers to provide centralized administration and access points control and facilitate configuration, monitoring, and troubleshooting . 88
6.2.5 SYSTEM ON CHIP
6.2.5.1 Wi-Fi systems on chip to enable compact and efficient design and improve performance and power efficiency
6.2.6 OTHER HARDWARE
6.3 SOLUTION
6.3.1 NEED FOR RELIABILITY AND SCALABILITY, QUICK UPLOADS AND DOWNLOADS, REDUCED LATENCY, AND LONGER BATTERY LIFE TO DRIVE MARKET
6.4 SERVICES
6.4.1 WI-FI 6 SERVICES TO HELP OFFLOAD BURDEN OF MANAGING NETWORK INFRASTRUCTURE AND FOCUS ON CORE BUSINESS
6.4.2 PROFESSIONAL SERVICES
6.4.2.1 Services to help in surveying, analyzing, consulting, network planning, designing, implementing, training, and supporting
6.4.2.2 Consulting
6.4.2.2.1 Consulting services to optimize network performance, enhance security, and deploy Wi-Fi 6 technology
6.4.2.3 Deployment & integration
6.4.2.3.1 Need for cost savings, increased efficiency, enhanced security, power savings, and faster data transfers to drive market
6.4.2.4 Support & maintenance
6.4.2.4.1 Support & maintenance services to provide troubleshooting, performance monitoring, security audits, and 24x7 technical support
6.4.3 MANAGED SERVICES
6.4.3.1 Managed services to offer 24x7 remote monitoring to companies with budget constraints and lack of technical expertise
7 WI-FI 6 MARKET, BY LOCATION TYPE
7.1 INTRODUCTION
7.1.1 LOCATION TYPES: WI-FI 6 MARKET DRIVERS
7.2 INDOOR
7.2.1 INDOOR POSITIONING IN WLAN TO OFFER COST-EFFECTIVENESS AND REASONABLE POSITIONING ACCURACY
7.3 OUTDOOR
7.3.1 ENHANCING OUTDOOR CONNECTIVITY WITH WI-FI 6 TO IMPROVE PERFORMANCE AND ACCESSIBILITY TO DRIVE MARKET
8 WI-FI 6 MARKET, BY APPLICATION
8.1 INTRODUCTION
8.1.1 APPLICATIONS: WI-FI 6 MARKET DRIVERS.
8.2 IMMERSIVE TECHNOLOGIES
8.2.1 NEED FOR IMPROVED SECURITY FEATURES AND TRANSMISSION OF SENSITIVE DATA TO DRIVE DEMAND FOR IMMERSIVE TECHNOLOGIES
8.3 HD VIDEO STREAMING & VIDEO CONFERENCING
8.3.1 WI-FI 6 IN VIDEO STREAMING TO DELIVER VIDEO CONTENT AND COMMUNICATE WITHOUT PHYSICAL CONNECTION
8.4 SMART HOME DEVICES
8.4.1 WI-FI 6'S FASTER SPEEDS TO ENABLE FASTER COMMUNICATION BETWEEN DEVICES
8.5 IOT & INDUSTRY 4.0
8.5.1 IOT & INDUSTRY 4.0 TO IMPROVE PRODUCTIVITY, EFFICIENCY, AND FLEXIBILITY IN MANUFACTURING
8.6 TELEMEDICINE
8.6.1 WI-FI 6 IN TELEMEDICINE TO ENABLE TRANSMISSION OF MEDICAL IMAGES AND VIDEOS AND CONDUCT TELEHEALTH CONSULTATIONS
8.7 PUBLIC WI-FI & DENSE ENVIRONMENTS
8.7.1 WI-FI 6 TO INCREASE PRODUCTIVITY IN PUBLIC PLACES BY PROVIDING RELIABLE AND FAST CONNECTION
8.8 OTHER APPLICATIONS
9 WI-FI 6 MARKET, BY VERTICAL
9.1 INTRODUCTION
9.1.1 VERTICALS: WI-FI 6 MARKET DRIVERS
9.2 EDUCATION
9.2.1 ADVENT OF ELEARNING AND ONLINE EXAM PRACTICES TO DRIVE DEMAND FOR RELIABLE AND SECURE INTERNET ACCESS
9.2.2 EDUCATION: WI-FI 6 USE CASES
9.2.2.1 Easier communication
9.2.2.2 Improved resources for teacher
9.2.2.3 Mobile learning
9.3 HEALTHCARE & LIFE SCIENCES
9.3.1 WI-FI 6 TO PROVIDE MORE EFFICIENT AND RELIABLE PATIENT CARE AND IMPROVE DATA HANDLING AND STORING
9.3.2 HEALTHCARE & LIFE SCIENCES: WI-FI 6 USE CASES
9.3.2.1 Telemedicine
9.3.2.2 Mobile health applications
9.3.2.3 Electronic healthcare records
9.4 RETAIL & ECOMMERCE
9.4.1 INCREASED CAPACITY AND IMPROVED LATENCY OF WI-FI 6 TO HELP RETAILERS COLLECT CUSTOMER DATA TO ANALYZE SHOPPING PATTERNS