Wi-Fi 6 Market Analysis

Wi-Fi 6 Market Analysis

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Based on component, the Wi-Fi 6 market from home gateways segment is set to hit USD 3 billion by 2032, driven by the rapidly rising adoption of home automation across developed economies. Smart, home automation devices such as internet kitchen appliances require an internet connection for access, creating demand for home gateways. The market growth is also expected to come from growing digitalization in IT and infrastructure worldwide.
 

On the basis of the band, the single-band segment will witness 5% CAGR through 2032, fueled by a strong demand from commercial and residential applications. Single-band Wi-Fi devices are ideal for facilitating internet connection across short distances, providing internet connection to smartphones, laptops, smart home devices, online gaming platforms, and other mobile devices. The growing hybrid working trend is further expected to foster the demand for single band devices from residential applications.
 

Based on application, the Wi-Fi 6 market from commercial application will showcase around 10% –growth rate during the forecast period, on account of surging demand for Wi-Fi connectivity across commercial spaces such as schools, universities, offices, and public places. The growing adoption of Wi-Fi devices across commercial applications can also be credited to rising e-learning trend across schools and universities which require unified network connectivity for uninterrupted services.
 

Based on region, the Europe Wi-Fi 6 market size is anticipated to depict around 6% CAGR till 2032, owing to a growing internet demand in the region. The rising presence of connected devices is fostering a pressing need for scalable public Wi-Fi infrastructure. Nations such as the UK, Russia, Germany, France, and Italy are among the leading adopters of the Wi-Fi 6 technology in Europe, which can be attributed to the rapid shift to digital-first lifestyles following the COVID-19 pandemic.