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Wi-Fi 6 Market Size

Report ID: GMI5397
Published Date: Nov 2022
Report Format: PDF

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Wi-Fi 6 Market Size

Wi-Fi 6 Market size exceeded USD 20 billion in 2022 and is poised to grow at 10% CAGR from 2023 to 2032. The industry growth is driven by the increasing number of internet users.

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Growing smartphone penetration and expanding telecommunication services have proliferated the number of internet users, fueling the development and adoption of connectivity technologies such as Wi-Fi 6. Meanwhile, government investments towards digital infrastructure development will also augment the Wi-Fi 6 market share. For instance, in April 2021, the U.S. government invested USD 40 million in an NSF-led RINGS program to fund research on latest cellular, Wi-Fi, and satellite network versions to increase the number of connected devices that enable everyday lives.

Wi-Fi 6 Market Report Attributes
Report Attribute	Details
Base Year:	2022
Wi-Fi 6 Market Size in 2022:	20 billion (USD)
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	10%
2032 Value Projection:	50 billion (USD)
Historical Data for:	2018 to 2022
No. of Pages:	290
Tables, Charts & Figures:	364
Segments covered:	Component, Band, Application, End-Use and Region
Growth Drivers:	Increasing number of internet users in North America Surge in adoption of Wi-Fi enabled devices in smart home applications in Asia Pacific Rising government initiative and projects for smart cities in developing nations Increasing demand for high speed internet connection globally The rising scenario of hybrid working in several regions
Pitfalls & Challenges:	Increasing security threats High procurement and maintenance cost

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Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market for Wi-Fi 6 registered a valuation of over USD 20 billion in 2022 and is set to witness over 10% CAGR through 2032.

The Europe market is anticipated to depict more than 6% CAGR through 2023-2032, fueled by the rising presence of connected devices, which is fostering a pressing need for scalable public Wi-Fi infrastructure in the region. The rapid shift towards digital-first lifestyles following the COVID-19 pandemic is also slated to drive regional growth.

The commercial application segment is poised to register over 10% CAGR by 2032, driven by the rising demand for Wi-Fi internet connectivity across educational institutions, offices, and public places. The rising e-learning trend across schools and universities is also slated to foster industry expansion.

Some of the leading companies include Kaonmedia Co., Ltd, NETGEAR, Ubiquiti Inc., Broadcom, Infineon Technologies, Intel Corporation, MediaTek Inc, Linksys Holdings, Inc., Juniper Networks, Inc., TP-Link Corporation Limited.