Wi-Fi 6 Market Analysis: Size, Share, Forecasts, and Trends

 

Meticulous Research®, a prominent global market research firm, has unveiled a new 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 set to reach $18.2 billion by 2031, growing at a CAGR of 25.2% from 2024 to 2031. This growth is attributed to the surging demand for high-speed internet and the expanding adoption of Wi-Fi 6 devices in smart home environments. Despite the market's promising outlook, high initial costs for Wi-Fi 6 technology could limit growth. On the other hand, investments in smart city projects present significant opportunities for market players. Data security and privacy concerns remain a critical challenge, while the growing number of internet users and connected devices highlights a key trend in this sector.

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 provides a thorough analysis of industry competitors and regional market dynamics.

In terms of devices, the Wi-Fi 6 market is divided into mesh routers, wireless access points, home gateways, and wireless repeaters. The wireless access points segment is expected to hold the largest share of over 41.0% in 2024 due to their ability to support numerous devices without compromising performance. This segment also offers enhanced speed, capacity, and efficiency. Conversely, mesh routers are projected to experience the highest CAGR, owing to their ability to create a seamless Wi-Fi network with multiple nodes, improving performance and supporting smart home integrations.

For commercial use, the market is split between enterprises and consumers. The enterprises segment is expected to capture over 65.0% of the market share in 2024, driven by the need for enhanced performance in high-demand environments. Wi-Fi 6 provides faster speeds and better efficiency, making it ideal for enterprise applications. The consumer segment, however, is anticipated to grow at a higher rate, fueled by increasing adoption for its improved wireless performance and reduced latency.

Application-wise, the market is segmented into consumer electronics, AR/VR, retail, healthcare, manufacturing, smart cities, and others. The consumer electronics segment is predicted to dominate with over 32.0% of the market share in 2024, as Wi-Fi 6 enhances the performance of devices like smartphones and smart TVs. The smart cities segment is expected to grow at the fastest rate, driven by the need for robust connectivity in urban infrastructure and data analytics.

Geographically, the market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is projected to hold the largest share of over 60.0% in 2024 due to widespread adoption and government initiatives promoting Wi-Fi 6. Asia-Pacific is anticipated to exhibit the highest CAGR of over 21.5%, driven by rising demand for high-speed internet 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.).

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?

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

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