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Wi-Fi 6 Market size was valued at USD 10.9 billion in 2021 and is poised to grow from USD 13.04 billion in 2022 to USD 64.1 billion by 2030, growing at a CAGR of 19.6% in the forecast period (2023-2030).

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 Systems', 'Huawei Technologies', 'Hewlett Packard Enterprise (HPE)', 'NETGEAR Inc.', 'Extreme Networks', 'Aruba Networks', 'CommScope Holding Company, Inc.', 'Aerohive Networks', 'ARRIS International plc', 'D-Link Corporation', 'AsusTek Computer Inc.', 'Ruckus Networks', 'Ubiquiti Inc.', 'Zyxel Communications Corp.', 'Nokia Corporation', 'Broadcom Inc.', 'ADTRAN Inc.', 'Juniper Networks, Inc.', 'TP-Link Technologies Co., Ltd.', 'Motorola Solutions, Inc.'

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.

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Global Wi-Fi 6 Market

Product ID: SQSG45I2041