The Wi-Fi 6 Market is expected to reach a value of $105.4 billion by 2028, at a CAGR of 73.8% during the forecast period 2021–2028. The increasing demand for high-speed internet connection, the growing number of internet users and devices, and the rising adoption of Wi-Fi 6 Devices across various smart home applications are the major factors driving the growth of this market.
Furthermore, increasing investments in smart city projects and continued upgrades in Wi-Fi standards provide significant growth opportunities for players operating in the Wi-Fi 6 Devices Market.
Impact of COVID-19 on the Wi-Fi 6 Market
The outbreak of the COVID-19 pandemic in 2020 made a massive impact on investments and technological advancements across different end-verticals. The COVID-19 pandemic affected several end-users and industries, causing economic slowdowns, closures of manufacturing industries, and disruptions in the supply chain. Also, the pandemic severely affected numerous consumer electronics, healthcare, manufacturing, and retail industries. However, the COVID-19 pandemic had an overall positive impact on the Wi-Fi 6 market.
During the COVID-19 pandemic, many people started working, studying, and entertaining at home. Online gaming devices with virtual reality features, sports devices for streaming workouts live, and connected kitchen gadgets heavily congested the home network environment globally.
Wi-Fi-enabled consumer applications played a vital role during the pandemic. One of them was delivering remote virtual reality platforms to monitor the isolation of elderly people. Several nursing homes adopted virtual reality (VR) platforms to provide a 360-degree travel experience. Furthermore, some providers started using platforms to deliver entertainment and therapy with VR programming for senior citizens. These two technologies: virtual reality and augmented reality, are very bandwidth-intensive and can be operated properly by Wi-Fi 6 devices.
Moreover, free public hotspots have been deployed across outdoor COVID-19 wards and in parking lots where in-vehicle wireless access is required. Also, schools and libraries have deployed hotspots outside buildings to allow easy access to distance learning for students and teachers. Furthermore, in some cases, school buses have been equipped to provide Wi-Fi on wheels, and families in need were issued personal Wi-Fi hotspots for students to use for online learning.
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Growing Number of Internet Users and Devices
The rising number of connected devices and internet users worldwide continuously increases the demand for efficient Wi-Fi networks. Wi-Fi 6 technology has solved these problems by providing efficient networks and enabling easy connection of several devices with various bandwidth requirements to Wi-Fi. Factors such as higher data rates, excellent performance in environments with numerous connected devices, and improved power efficiency are driving the growth of the Wi-Fi 6 Devices Market.
According to Cisco, Wi-Fi hotspots are expected to reach 628 million public Wi-Fi hotspots by 2023, and Wi-Fi 6 hotspots will be 11 % of all public Wi-Fi hotspots by 2023. Developing and developed countries are introducing various government initiatives to rapidly spread public Wi-Fi hotspots across their respective countries. For instance, the Government of India approved a framework called PM Wi-Fi Access Network Interface or PM WANI scheme for the proliferation of public Wi-Fi networks. This initiative was aimed at elevating wireless internet connectivity in the country.
Furthermore, in 2020, KT, a South Korean telecom company, invested USD 1.5 billion (18 billion won) to deploy 10,000 new Wi-Fi 6 hotspots as part of the Korean Government's 'New Deal' initiative. The Korean Government invested in infrastructure in response to the COVID-19 pandemic by establishing public Wi-Fi in public transport and public places nationwide to reduce the burden of spending on household communication expenses and increase access to information for the digitally underprivileged. As part of this initiative, Wi-Fi 6 hotspots will be installed in island areas, community centers, public health centers, libraries, terminals, bus stops, etc.
Key Findings in the Wi-Fi 6 Devices Market Study:
Mesh Routers Segment Projected to Grow at Highest CAGR During Forecast Period
Based on devices, the mesh routers segment is projected to grow at the highest CAGR during the forecast period. The high growth rate of this segment is attributed to its ability to allow easy access to the internet, promote high mobility, and easily connect multiple devices with routers, each having a distinctive IP address.
The public and private companies providing networking products have started developing Wi-Fi 6 routers to support the adoption of Wi-Fi 6 technology. For instance, NETGEAR, Inc. developed the Nighthawk Pro Gaming XR1000 Wi-Fi 6 Gaming Router, which uses the power of DumaOS 3.0, an operating system designed for gamers and streamers of all skill levels. The router provides the user with reliable wired and wireless connectivity for fast-paced gaming and solid uploads for content creation.
Consumers Segment Projected to Grow at Highest CAGR During Forecast Period
Based on commercial use, the consumers segment is expected to grow at the highest CAGR during the forecast period. The high growth rate of this segment is attributed to factors, such as better data delivery, low latency, better wireless performance enabling users to work with higher efficiency, increased battery life, multi-device connection feature, reduced terminal device power consumption, higher data transfer speed, and less bandwidth congestion provided by Wi-Fi 6 technology.
Smart Cities Segment Projected to Grow at Highest CAGR During Forecast Period
Based on application, the smart cities segment is expected to grow at the highest CAGR during the forecast period. The high growth rate of this segment is attributed to numerous features provided by Wi-Fi 6 technology, such as real-time travel updates or on-demand entertainment, staff collaboration, simplification of network and device management, and real-time operational and business data collection.
Asia-Pacific Projected to Witness Fastest Market Growth Rate by Value
The adoption of Wi-Fi 6 is rapidly growing in Asia-Pacific due to rising consumer demand for the internet, the increasing number of connected devices, and the high demand for public Wi-Fi hotspots driving demand for Wi-Fi 6 across the region.
Countries such as China, Japan, India, and South Korea are the major adopters of Wi-Fi 6 technology. The development of highly advanced Wi-Fi 6 devices with high-speed data, longer battery life, and widespread Wi-Fi coverage have encouraged various public and private companies to adopt Wi-Fi 6 technology across the region.
According to Cisco, the total number of internet users in Asia-Pacific will be 62.1% by 2022. The total public Wi-Fi hotspots (including home spots) will reach 260.6 million by 2022. Also, the fixed/Wi-Fi IP traffic will reach 89.9 EB per month by 2022 and 58.0% of total Internet traffic by 2022. Therefore, the growth in internet traffic and public hotspots are likely to propel the demand for Wi-Fi 6 technology over the coming years.
The development of Wi-Fi 6 devices by companies, such as Huawei, Commonscope, Huawei Technologies Co., Ltd., TP-Link Corporation Limited, D-Link Corporation, and AsusTek Computer Inc. have created several opportunities for the players operating in this market. For instance, in May 2020, Huawei launched ten all-new AirEngine Wi-Fi 6 series models for the Asia Pacific region, which will provide better services for enterprises and are ideal for laying a high-quality fully-wireless campus as the new cornerstone for enterprises' digital transformation.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key strategies adopted by the leading market participants in the Wi-Fi 6 market over the last four years . The key players profiled in the Wi-Fi 6 Devices Market are Cisco Systems, Inc. (U.S.), Cypress Semiconductor Corporation (U.S.), Aruba Networks (U.S.), D-Link Corporation (Taiwan), Marvell Technology, Inc. (U.S.), KAONMEDIA Co., Ltd. (Korea), Ruckus Wireless, Inc. (U.S.), Cambium Networks Corporation (U.S.), Linksys Holdings, Inc. (U.S.), AsusTek Computer Inc. (Taiwan), TP-Link Corporation Limited (China), NETGEAR, Inc. (U.S.), Intel Corporation (U.S.), Huawei Technologies Co., Ltd. (China), and Juniper Networks, Inc. (U.S.).
Scope of the Report
Wi-Fi 6 Market, by Devices
Wi-Fi 6 Market, by Commercial Use
Wi-Fi 6 Market, by Application
Wi-Fi 6 Market, by Geography
Key Questions Answered in the Report:
This report provides pre & post COVID-19 market estimates.
1. Introduction
1.1. Market Definition
1.2. Market ecosystem
1.3. Currency and Limitations
1.3.1. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.2. Bottom-up approach
2.3.3. Top-down Approach
2.3.4. Growth Forecast
2.4. Assumptions for the Study
2.5. Limitations for the Study
3. Executive Summary
4. Market Insights
4.1. Introduction
4.2. Market Dynamics
4.2.1. Drivers
4.2.1.1. Increasing Demand for High-speed Internet Connection
4.2.1.2. Growing Number of Internet Users and Devices
4.2.1.3. Rising Adoption of Wi-Fi 6 Devices for Smart Home Applications
4.2.2. Restraints
4.2.2.1. High Initial Investment in Wi-Fi 6 Technology
4.2.3. Opportunities
4.2.3.1. Increasing Investments in Smart City Projects
4.2.3.2. Continued Upgradations in Wi-Fi Standards
4.2.4. Challenges
4.2.4.1. Data Security and Privacy Concerns
5. COVID-19 Impact Analysis
5.1. Scenario A: Severe Impact
5.2. Scenario B: Moderate Recovery
5.3. Scenario C: Fast Recovery
6. Global Wi-Fi 6 Market, by Devices
6.1. Introduction
6.2. Mesh Routers
6.3. Wireless Access Points
6.4. Home Gateways
6.5. Wireless Repeaters
7. Global Wi-Fi 6 Market, by Commercial Use
7.1. Introduction
7.2. Enterprises
7.3. Consumers
8. Global Wi-Fi 6 Market, by Application
8.1. Introduction
8.2. Consumer Electronics
8.3. AR/VR
8.4. Retail
8.5. Healthcare
8.6. Manufacturing
8.7. Smart Cities
8.8. Other Applications
9. Global Wi-Fi 6 Market, by Geography
9.1. Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.3. Europe
9.3.1. Germany
9.3.2. U.K.
9.3.3. France
9.3.4. Italy
9.3.5. Spain
9.3.6. Rest of Europe
9.4. Asia-Pacific
9.4.1. China
9.4.2. Japan
9.4.3. South Korea
9.4.4. India
9.4.5. Rest of Asia-Pacific
9.5. Latin America
9.6. Middle East & Africa
10. Competitive Landscape
10.1. Introduction
10.2. Key Growth Strategies
10.3. Market Share Analysis (2020)
10.3.1. Huawei Technologies Co., Ltd.
10.3.2. Cisco Systems, Inc.
10.3.3. D-Link Corporation
11. Company Profiles
11.1. Marvell Technology, Inc.
11.1.1. Business Overview
11.1.2. Product Portfolio
11.1.3 Strategic Developments
11.2. KAONMEDIA Co., Ltd.
11.2.1. Business Overview
11.2.2. Product Portfolio
11.2.3 Strategic Developments
11.3. Linksys Holdings, Inc.
11.3.1. Business Overview
11.3.2. Product Portfolio
11.3.3 Strategic Developments
11.4. TP-Link Corporation Limited
11.4.1. Business Overview
11.4.2. Product Portfolio
11.4.3 Strategic Developments
11.5. Cisco Systems, Inc.
11.5.1. Business Overview
11.5.2. Financial Overview
11.5.3. Product Portfolio
11.5.4. Strategic Developments
11.6. Huawei Technologies Co., Ltd.
11.6.1. Business Overview
11.6.2. Financial Overview
11.6.3. Product Portfolio
11.6.4. Strategic Developments
11.7. Cypress Semiconductor Corporation (A Part of Infineon Technologies AG)
11.7.1. Business Overview
11.7.2. Financial Overview
11.7.3. Product Portfolio
11.7.4. Strategic Developments
11.8. Aruba Networks (A Part of Hewlett Packard Enterprise Company)
11.8.1. Business Overview
11.8.2. Financial Overview
11.8.3. Product Portfolio
11.8.4. Strategic Developments
11.9. D-Link Corporation
11.9.1. Business Overview
11.9.2. Financial Overview
11.9.3. Product Portfolio
11.9.4. Strategic Developments
11.10. Ruckus Wireless, Inc. (A Part of Commscope Holding Company, Inc.)
11.10.1. Business Overview
11.10.2. Financial Overview
11.10.3. Product Portfolio
11.10.4. Strategic Developments
11.11. Cambium Networks Corporation
11.11.1. Business Overview
11.11.2. Financial Overview
11.11.3. Product Portfolio
11.11.4. Strategic Developments
11.12. AsusTek Computer Inc.
11.12.1. Business Overview
11.12.2. Financial Overview
11.12.3. Product Portfolio
11.12.4. Strategic Developments
11.13. NETGEAR, Inc.
11.13.1. Business Overview
11.13.2. Financial Overview
11.13.3. Product Portfolio
11.13.4. Strategic Developments
11.14. Intel Corporation
11.14.1. Business Overview
11.14.2. Financial Overview
11.14.3. Product Portfolio
11.14.4. Strategic Developments
11.15. Juniper Networks, Inc.
11.15.1. Business Overview
11.15.2. Financial Overview
11.15.3. Product Portfolio
11.15.4. Strategic Developments
12. Appendix
12.1. Questionnaire
12.2. Available Customization
List of Tables
Table 1 Impact of COVID-19 on Global Wi-Fi 6 Market (USD Million)
Table 2 Global Wi-Fi 6 Market Size, by Devices, 2019–2028 (USD Million)
Table 3 Global Wi-Fi 6 Wireless Access Points Market Size, by Country/Region, 2019–2028 (USD Million)
Table 4 Global Wi-Fi 6 Mesh Routers Market Size, by Country/Region, 2019–2028 (USD Million)
Table 5 Global Wi-Fi 6 Home Gateways Market Size, by Country/Region, 2019–2028 (USD Million)
Table 6 Global Wi-Fi 6 Wireless Repeaters Market Size, by Country/Region, 2019–2028 (USD Million)
Table 7 Global Wi-Fi 6 Market Size, by Commercial Use, 2019–2028 (USD Million)
Table 8 Global Wi-Fi 6 Enterprises Market Size, by Country/Region, 2019–2028 (USD Million)
Table 9 Global Wi-Fi 6 Consumers Market Size, by Country/Region, 2019–2028 (USD Million)
Table 10 Global Wi-Fi 6 Market Size, by Application, 2019–2028 (USD Million)
Table 11 Global Wi-Fi 6 Consumer Electronics Market Size, 2019–2028 (USD Million), by Country/Region, 2019–2028 (USD Million)
Table 12 Global Wi-Fi 6 Retail Market Size, 2019–2028 (USD Million), by Country/Region, 2019–2028 (USD Million)
Table 13 Global Wi-Fi 6 Manufacturing Market Size, 2019–2028 (USD Million), by Country/Region, 2019–2028 (USD Million)
Table 14 Global Wi-Fi 6 Healthcare Market Size, 2019–2028 (USD Million), by Country/Region, 2019–2028 (USD Million)
Table 15 Global Wi-Fi 6 Smart Cities Market Size, 2019–2028 (USD Million), by Country/Region, 2019–2028 (USD Million)
Table 16 Global Wi-Fi 6 AR/VR Market Size, 2019–2028 (USD Million), by Country/Region, 2019–2028 (USD Million)
Table 17 Global Wi-Fi 6 Other Applications Market Size, 2019–2028 (USD Million), by Country/Region, 2019–2028 (USD Million)
Table 18 Global Wi-Fi 6 Market Size, by Country/Region, 2019–2028 (USD Million)
Table 19 North America: Wi-Fi 6 Market Size, by Country, 2019–2028 (USD Million)
Table 20 North America: Wi-Fi 6 Market Size, by Devices, 2019–2028 (USD Million)
Table 21 North America: Wi-Fi 6 Market Size, by Commercial Use, 2019–2028 (USD Million)
Table 22 North America: Wi-Fi 6 Market Size, by Application, 2019–2028 (USD Million)
Table 23 U.S.: Wi-Fi 6 Market Size, by Devices, 2019–2028 (USD Million)
Table 24 U.S.: Wi-Fi 6 Market Size, by Commercial Use, 2019–2028 (USD Million)
Table 25 U.S.: Wi-Fi 6 Market Size, by Application, 2019–2028 (USD Million)
Table 26 Canada: Wi-Fi 6 Market Size, by Devices, 2019–2028 (USD Million)
Table 27 Canada: Wi-Fi 6 Market Size, by Commercial Use, 2019–2028 (USD Million)
Table 28 Canada: Wi-Fi 6 Market Size, by Application, 2019–2028 (USD Million)
Table 29 Europe: Wi-Fi 6 Market Size, by Country, 2019–2028 (USD Million)
Table 30 Europe: Wi-Fi 6 Market Size, by Devices, 2019–2028 (USD Million)
Table 31 Europe: Wi-Fi 6 Market Size, by Commercial Use, 2019–2028 (USD Million)
Table 32 Europe: Wi-Fi 6 Market Size, by Application, 2019–2028 (USD Million)
Table 33 Germany: Wi-Fi 6 Market Size, by Devices, 2019–2028 (USD Million)
Table 34 Germany: Wi-Fi 6 Market Size, by Commercial Use, 2019–2028 (USD Million)
Table 35 Germany: Wi-Fi 6 Market Size, by Application, 2019–2028 (USD Million)
Table 36 U.K.: Wi-Fi 6 Market Size, by Devices, 2019–2028 (USD Million)
Table 37 U.K.: Wi-Fi 6 Market Size, by Commercial Use, 2019–2028 (USD Million)
Table 38 U.K.: Wi-Fi 6 Market Size, by Application, 2019–2028 (USD Million)
Table 39 France: Wi-Fi 6 Market Size, by Devices, 2019–2028 (USD Million)
Table 40 France: Wi-Fi 6 Market Size, by Commercial Use, 2019–2028 (USD Million)
Table 41 France: Wi-Fi 6 Market Size, by Application, 2019–2028 (USD Million)
Table 42 Italy: Wi-Fi 6 Market Size, by Devices, 2019–2028 (USD Million)
Table 43 Italy: Wi-Fi 6 Market Size, by Commercial Use, 2019–2028 (USD Million)
Table 44 Italy: Wi-Fi 6 Market Size, by Application, 2019–2028 (USD Million)
Table 45 Spain: Wi-Fi 6 Market Size, by Devices, 2019–2028 (USD Million)
Table 46 Spain: Wi-Fi 6 Market Size, by Commercial Use, 2019–2028 (USD Million)
Table 47 Spain: Wi-Fi 6 Market Size, by Application, 2019–2028 (USD Million)
Table 48 Rest of Europe: Wi-Fi 6 Market Size, by Devices, 2019–2028 (USD Million)
Table 49 Rest of Europe: Wi-Fi 6 Market Size, by Commercial Use, 2019–2028 (USD Million)
Table 50 Rest of Europe: Wi-Fi 6 Market Size, by Application, 2019–2028 (USD Million)
Table 51 Asia-Pacific: Wi-Fi 6 Market Size, by Country, 2019–2028 (USD Million)
Table 52 Asia-Pacific: Wi-Fi 6 Market Size, by Devices, 2019–2028 (USD Million)
Table 53 Asia-Pacific: Wi-Fi 6 Market Size, by Commercial Use, 2019–2028 (USD Million)
Table 54 Asia-Pacific: Wi-Fi 6 Market Size, by Application, 2019–2028 (USD Million)
Table 55 China: Wi-Fi 6 Market Size, by Devices, 2019–2028 (USD Million)
Table 56 China: Wi-Fi 6 Market Size, by Commercial Use, 2019–2028 (USD Million)
Table 57 China: Wi-Fi 6 Market Size, by Application, 2019–2028 (USD Million)
Table 58 Japan: Wi-Fi 6 Market Size, by Devices, 2019–2028 (USD Million)
Table 59 Japan: Wi-Fi 6 Market Size, by Commercial Use, 2019–2028 (USD Million)
Table 60 Japan: Wi-Fi 6 Market Size, by Application, 2019–2028 (USD Million)
Table 61 South Korea: Wi-Fi 6 Market Size, by Devices, 2019–2028 (USD Million)
Table 62 South Korea: Wi-Fi 6 Market Size, by Commercial Use, 2019–2028 (USD Million)
Table 63 South Korea: Wi-Fi 6 Market Size, by Application, 2019–2028 (USD Million)
Table 64 India: Wi-Fi 6 Market Size, by Devices, 2019–2028 (USD Million)
Table 65 India: Wi-Fi 6 Market Size, by Commercial Use, 2019–2028 (USD Million)
Table 66 India: Wi-Fi 6 Market Size, by Application, 2019–2028 (USD Million)
Table 67 Rest of APAC: Wi-Fi 6 Market Size, by Devices, 2019–2028 (USD Million)
Table 68 Rest of APAC: Wi-Fi 6 Market Size, by Commercial Use, 2019–2028 (USD Million)
Table 69 Rest of APAC: Wi-Fi 6 Market Size, by Application, 2019–2028 (USD Million)
Table 70 Latin America: Wi-Fi 6 Market Size, by Devices, 2019–2028 (USD Million)
Table 71 Latin America: Wi-Fi 6 Market Size, by Commercial Use, 2019–2028 (USD Million)
Table 72 Latin America: Wi-Fi 6 Market Size, by Application, 2019–2028 (USD Million)
Table 73 Middle East & Africa: Wi-Fi 6 Market Size, by Devices, 2019–2028 (USD Million)
Table 74 Middle East & Africa: Wi-Fi 6 Market Size, by Commercial Use, 2019–2028 (USD Million)
Table 75 Middle East & Africa: Wi-Fi 6 Market Size, by Application, 2019–2028 (USD Million)
Table 76 Recent Key Developments, by Company (2018–2021)
List of Figure
Figure 1 Market Ecosystem
Figure 2 Currency and Limitations
Figure 3 Key Stakeholders
Figure 4 Research Process
Figure 5 Key Secondary Sources
Figure 6 Primary Research Techniques
Figure 7 Key Executives Interviewed
Figure 8 Market Sizing and Growth Forecast Approach
Figure 9 Key Insights
Figure 10 Global Wi-Fi 6 Market Size, by Devices, 2028
Figure 11 Global Wi-Fi 6 Market Size, by Commercial Use, 2028
Figure 12 Global Wi-Fi 6 Market Size, by Application, 2028
Figure 13 Geographic Snapshot: Global Wi-Fi 6 Market
Figure 14 Market Dynamics
Figure 15 COVID-19 Impact on the Global Wi-Fi 6 Market
Figure 16 Global Wi-Fi 6 Market Size, by Devices, 2021 vs. 2028 (USD Million)
Figure 17 Global Wi-Fi 6 Market Size, by Commercial Use, 2021 vs. 2028 (USD Million)
Figure 18 Global Wi-Fi 6 Market Size, by Application, 2021 vs. 2028 (USD Million)
Figure 19 Global Wi-Fi 6 Market Size, by Geography, 2021 vs. 2028 (USD Million)
Figure 20 Global Wi-Fi 6 Market, By Region
Figure 21 Key Growth Strategies Adopted by Leading Players (2018–2021)
Figure 22 Leading Players’ Market Share Analysis (2021)
Figure 23 Huawei Technologies Co., Ltd.: Financial Overview (2020)
Figure 24 Cisco Systems, Inc.: Financial Overview (2020)
Figure 25 Juniper Networks, Inc.: Financial Overview (2020)
Figure 26 Intel Corporation: Financial Overview (2020)
Figure 27 NETGEAR, Inc.: Financial Overview (2020)
Figure 28 AsusTek Computer Inc.: Financial Overview (2020)
Figure 29 Cambium Networks Corporation: Financial Overview (2020)
Figure 30 Ruckus Wireless, Inc.: Financial Overview (2020)
Figure 31 D-Link Corporation: Financial Overview (2020)
Figure 32 Aruba Networks: Financial Overview (2020)
Figure 33 Cypress Semiconductor Corporation: Financial Overview (2020)
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Jun-2019
Published Date: Sep-2019
Published Date: Jul-2022
Published Date: Sep-2022
