WiFi 6 Market Size is Expected to Grow at a CAGR of 12.39% | Valuates Reports

BANGALORE, India, Sept. 1, 2022 /PRNewswire/ -- The Global WiFi 6 (802.11 ax) Market is Segmented by Type (Hardware, Software, Services), by Application (IT and Telecommunications, BFSI, Retail, Government and Public Sector, Healthcare): Opportunity Analysis and Industry Forecast, 2022–2028.

The global WiFi 6 Market size was valued at USD 2.66 Billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.39% from 2022 to 2028.

Major Factors Driving the Growth of the Wireless WiFi 6 Market are:

Hybrid work would be the new norm due to the recent pandemic outbreak. Whether employees are working in-office or remotely, video meetings have established themselves as a mainstay of the hybrid workplace. Enterprises may be able to offer more wireless video connections thanks to Wi-Fi 6. This element is anticipated to fuel the WiFi 6 market growth.

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TRENDS INFLUENCING THE GROWTH OF WIRELESS WiFi 6 MARKET:

The demand for Wi-Fi 6 and its services is anticipated to increase concurrently with the increase of internet users. The number of internet users is rapidly growing as a result of greater smartphone adoption and better connectivity. An increase in internet connectivity 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. To take advantage of these new opportunities, telecom companies are heavily investing in enhanced Wi-Fi solutions, which may offer the necessary connectivity bandwidth, security, and network dependability. As telecom companies boost their investments in wireless network infrastructure, the Wi-Fi 6 market is anticipated to grow.

Many people began doing their work and studying at home during the COVID-19 pandemic. Globally, the home network environment was severely crowded by online gaming devices with virtual reality capabilities, sports equipment for live-streaming workouts, and connected kitchen appliances. This factor is expected to further fuel the growth of the Wifi 6 market.

During the forecast period, the Wifi 6 market is anticipated to be driven by the rising need for improved networks, low latency, and bandwidth communications among businesses. The demand for better network connectivity has increased across a number of industries, including corporate and industrial, as a result of the rapidly growing data traffic. As a result, it is anticipated that over the forecast period, more wi-fi 6 and 6E devices will be installed, which would enhance the need for these chipsets.

Furthermore, Wi-Fi 6 has several advantages over Wi-Fi 5 in terms of capabilities, and as a result, it can enable a variety of cutting-edge solutions like automated guided cars, industrial robots, and many more compelling use cases. These benefits are anticipated to fuel the Wifi 6 market.

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WiFi 6 MARKET SHARE ANALYSIS:

Based on application, the Family or Individual Consumer is expected to be the most lucrative segment. Residential customers are benefiting greatly from the improvements offered by WiFi 6 devices operating in the 2.4-GHz band, which is fostering the expansion of this market.

Based on region, APAC is expected to witness the highest CAGR growth during the forecast period. With many smart cities, Asia Pacific is quickly becoming the most powerful region on earth. Governments in this region are very concerned about the increased security investment needed to keep up with the constantly shifting danger scenario.

Key Companies:

• Cisco
• Aruba (HPE)
• Huawei
• Ubiquiti
• Ruckus (CommScope)
• Comcast Business
• Aerohive
• Mojo Networks (Arista Networks)
• Tplink
• Intel
• D-Link
• Qualcomm
• ASUS
• NXP Semiconductors.

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-  The global Voice Over WIFI market size is projected to reach USD 11450 Million by 2028, from USD 2920 Million in 2021, at a CAGR of 21.2% during 2022-2028.

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-  Due to the COVID-19 pandemic, the global Wi-Fi Chipset market size is estimated to be worth USD 19540 Million in 2022 and is forecast to a readjusted size of USD 24070 Million by 2028 with a CAGR of 3.5% during the review period.

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-  In 2020, the global Bluetooth Headphones market size was USD 18760 Million and it is expected to reach USD 41110 Million by the end of 2027, with a CAGR of 11.7% during 2021-2027.

-  Due to the COVID-19 pandemic, the global Bluetooth Low Energy IC market size is estimated to be worth USD 735 Million in 2021 and is expected to grow with a CAGR of 22.4% during the review period.

-  In 2020, the global Wireless Bluetooth Headphones market size was USD 9220 Million and it is expected to reach USD 18680 Million by the end of 2027, with a CAGR of 10.6% during 2021-2027.

-  The In-flight entertainment & connectivity market was valued at USD 4.13 Billion in 2020, and is projected to reach USD 11.65 Billion in 2030, registering a CAGR of 11.36%.

-  The globally connected car market size was valued at USD 63.03 billion in 2019 and is projected to reach USD 225.16 billion by 2027, registering a CAGR of 17.1% during the forecast period.

-  Due to the COVID-19 pandemic, the global Automated Guided Vehicle market size is estimated to be worth USD 4674.6 Million in 2022 and is forecast to a readjusted size of USD 13890 Million by 2028 with a CAGR of 19.9% during the review period.

-  The 5G enterprise market size was valued at USD 1,682 Million in 2020, and is projected to reach USD 16,846 Million by 2028, growing at a CAGR of 33.9% from 2021 to 2028.

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