Wi-Fi 6 market builds momentum

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Latest research shows that the Wi-Fi 6 market is currently estimated at USD 5.7 billion in 2023 and will grow to USD 20.9 billion by 2028, at a very strong CAG rate of 29.3%. According to analysts at Marketsandmarkets, Wi-Fi 6 supports advanced features like Target Wake Time (TWT) and Basic Service Set (BSS) colouring, enabling more precise indoor location services. This capability serves opportunities in retail, healthcare, and other sectors that rely on location-based data for enhanced customer experiences or asset tracking which is boosting the Wi-Fi 6 market.

HD video streaming and video conferencing are currently thought to be the strongest applications in this sector, as Wi-Fi 6 is used in video streaming to deliver video content to users over the internet. Wireless technology allows devices to communicate with each other without the need for a physical connection. Wi-Fi is a wireless technology that uses radio waves to transmit data. Wi-Fi 6 is essential for video streaming because it enables users to watch video content on any device with an internet connection. This includes smartphones, tablets, laptops, and smart TVs.

A Wi-Fi System-on-Chip is a single chip that integrates all the necessary components for a Wi-Fi device and this is the fastest growing segment in terms of hardware. This includes the Wi-Fi radio, processor, memory, and other components. Wi-Fi SoCs enable a more compact and efficient design and improved performance and power efficiency. They are used in a variety of devices, such as smartphones, tablets, laptops, and smart home devices.

Geographically Asia Pacific has the greatest uptake

Businesses in the Asia Pacific region, particularly in industries like IT, telecom, retail, and healthcare, are showing strong optimism and awareness about the benefits of Wi-Fi 6. This positive attitude contributes to the region’s growth of the Wi-Fi 6 industry, with more commercial clients adopting reliable Wi-Fi 6 solutions and services. The advancements in technology in the Asia Pacific region, combined with the increasing trend of using Wi-Fi solutions, are expected to bring further benefits to the Wi-Fi market. Several countries in the region, including China, Japan, South Korea, and Australia, have designated a spectrum for Wi-Fi 6 use, enabling wireless service providers to offer faster speeds and better performance to their customers by rolling out Wi-Fi 6 networks.

Market players

The major vendors covered in the Wi-Fi 6 market report from Marketsandmarkets, include companies such as, Cisco Systems, Qualcomm Technologies, Broadcom, Intel, Huawei, Netgear, Juniper Networks, Extreme Networks, Ubiquiti, Fortinet, Aruba Networks, NXP Semiconductors, AT&T, D-Link, Alcatel Lucent, TP-Link, Mediatek, Telstra, Murata, Sterlite, Renesas Electronics, H3C Technologies, Keysight Technologies, Litepoint, Rohde & Schwarz, Cambium Networks, Senscomm Semiconductors, Xunison, Redway Networks, VSORA, Wilus, Federated Wireless, Actiontec Electronics, ADB Global, SDMC Technology and Edgewater Wireless.


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