Wi-Fi 6 Market Size, Share, Growth Analysis, By Offering (Hardware, Solution), By Type (Indoor, And Outdoor), By Application (Immersive Technologies, HD Video Streaming & Video Conferencing), By Vertical (Education, Healthcare & Life Sciences), By Region - Industry Forecast 2024-2031

Global Wi-Fi 6 Market size was valued at USD 4.41 billion in 2022 and is poised to grow from USD 5.70 billion in 2023 to USD 44.53 billion by 2031, growing at a CAGR of 29.3 % in the forecast period (2024-2031).

The leading players are currently concentrating on implementing tactics like product innovations, mergers & acquisitions, latest advancements, joint ventures, collaborations, and partnerships to improve their market position in the global Wi-Fi 6 Market. For instance, Marvell's wireless connectivity portfolio was purchased by NXP Semiconductors in May 2021 for USD 1.76 billion. Marvell's Bluetooth and Wi-Fi (including Wi-Fi 6) technology portfolio and related assets make up the strategic purchase. The purchase would also assist NXP in diversifying its Wi-Fi 6 chipset solutions across important application domains including industrial, IoT, and automotive. 'Cisco (US) ', 'Qualcomm (US) ', 'Broadcom (US) ', 'Huawei (China) ', 'Juniper Networks (US) ', 'Netgear (US) ', 'Intel (US) ', 'Extreme Networks (US) ', 'Ubiquiti Networks (US) ', 'Fortinet (US) ', 'Aruba Networks (US) ', 'NXP Semiconductors (Netherlands) ', 'AT&T (US) ', 'D-Link (Taiwan) ', 'Alcatel-Lucent (France) ', 'TP-Link (China) ', 'MediaTek (Taiwan) ', 'Telstra (Australia) ', 'Murata Manufacturing (Japan) ', 'Sterlite Technologies (India) ', 'Renesas Electronics (Japan) ', 'H3C Technologies (China) ', 'Keysight Technologies (US) ', 'Rohde & Schwarz (Germany) ', 'LitePoint (US) ', 'Cambium Networks (US) ', 'Senscomm Semiconductor (China) ', 'Xunison (Ireland) ', 'Redway Networks (UK) ', 'Vsora (France) ', 'Federated Wireless (US) ', 'Actiontec Electronics (US) ', 'ADB Global (Switzerland) ', 'SDMC Technology (China) ', 'Edgewater Wireless Systems (Canada)'

The demand for Wi-Fi 6 and its services is anticipated to increase concurrently with the increase of internet users that has been occurring in recent years and is anticipated to continue in the coming years. The number of internet users globally is rapidly growing as a result of greater smartphone use and better connection. Greater global internet connection has created new economic opportunities for telecom service providers. They must also match the uptime of their rivals in addition to these advantages in latency and bandwidth.

IoT applications must include intelligent infrastructure and smart cities. The trend to use IoT is anticipated to raise demand for 5G chipsets given that enterprises already use it to check equipment efficiency.

Asia-Pacific held the largest global Wi-Fi 6 market share. The adoption of Wi-Fi 6 is expanding quickly in Asia-Pacific as a result of rising consumer demand for the internet, an increase in the number of connected devices, and a strong demand for public Wi-Fi hotspots.