Meticulous Research®, a renowned global market research firm, has published a 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.’
The Wi-Fi 6 market is projected to achieve $18.2 billion by 2031, with a CAGR of 25.2% from 2024 to 2031. This growth is fueled by the increasing demand for faster internet speeds and the rising adoption of Wi-Fi 6 technology in smart homes. High initial costs of Wi-Fi 6 technology present a challenge, but the growth in smart city projects provides new opportunities. Challenges include data security and privacy concerns, while the growing number of connected devices and internet users is a prominent trend.
The market is segmented by device type (mesh routers, wireless access points, home gateways, and wireless repeaters), commercial use (enterprises vs. consumers), application (consumer electronics, AR/VR, retail, healthcare, manufacturing, smart cities, and other areas), and geography. The report also includes a comprehensive analysis of market competitors and regional dynamics.
In terms of devices, the market is divided into mesh routers, wireless access points, home gateways, and wireless repeaters. The wireless access points segment is expected to dominate with over 41.0% market share in 2024, due to their capability to support numerous devices efficiently. Mesh routers are anticipated to grow at the highest CAGR, driven by their ability to create a unified network with multiple nodes, improving performance and supporting smart home devices.
By commercial use, the market is segmented into enterprises and consumers. The enterprises segment is forecasted to hold over 65.0% of the market share in 2024, reflecting the need for robust Wi-Fi solutions in business environments. The consumer segment is expected to grow faster, supported by the advantages of Wi-Fi 6 for enhanced connectivity and performance.
The market is also divided by application into consumer electronics, AR/VR, retail, healthcare, manufacturing, smart cities, and other sectors. The consumer electronics segment is projected to hold over 32.0% market share in 2024, driven by Wi-Fi 6’s impact on device performance. The smart cities segment is anticipated to grow at the fastest rate, driven by the demand for advanced connectivity and data analytics in urban infrastructure.
Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to capture over 60.0% of the market share in 2024, due to high adoption rates and government support. Asia-Pacific is forecasted to experience the highest CAGR of over 21.5%, driven by increasing demand for high-speed connectivity and smart city developments.
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.).
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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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