Wi-Fi 6 market also known as 802.11ax, representing the latest advancement of wireless technology inclusive of increased network capacity, improved performance and reduced latency, it delivers streaming high-definition videos, online gaming and faster downloading speed with lower battery consumption, more over it uses new encryption technologies such as Simultaneous Authentication of Equals (SAE) and Wi-Fi protected access 3 (WPA3) making it secured.

MARKET OVERVIEW

The global market size of Wi-Fi 6 market was valued at USD 10.9 Billion in 2022 and is projected to reach USD 64.1 Billion by 2032, anticipated to grow at CAGR of 19.6% from 2023 to 2032, it is because of the rising demand for high-bandwidth, low-latency internet connection in a crowded environment and adoption of Internet of Things (IoT) among the industries.

GROWTH DRIVERS

Expansion of adoption of smart home devices including smart speakers, smart lights and other smart appliances drives the need for fast wireless networks to support these devices which is catered by Wi-Fi 6. Growth of online education with live classes and remote working which involves undisturbed video calling or high-definition video streaming due to covid-19 pandemic has highlighted the importance of strong internet connectivity.  Industries like healthcare, government agencies and other public sectors rely on strong Wi-Fi networks for means of connectivity and networking, for providing different kinds of support and making of digital products and services.

MARKET SEGMENTATION:

·         By Offerings – Hardware, Software and Service

·         By Location – Outdoor and Indoor

·         By Industries – Healthcare, Retail and E-commerce, Government, Educational Institutions, Manufacturing, Others

·         By Region - North America, Europe, Asia Pacific, the Middle East and Africa, and South America.

Wi-Fi 6 Market by Offering Segment Review:

Hardware components including routers, switches, antennas which offers enhanced network efficiency and improved coverage are essential for bundling a Wi-Fi 6. Network optimization, analytics tools, intelligent traffic prioritization and security firmware are the software’s that takes care of the security and troubleshooting with overall network performance. Wi-Fi services like from which vendor is providing the internet that further puts effort on capacity planning, required upgradations and after sales support.

Wi-Fi 6 Market by Location Segment Review:

Wi-Fi 6 market is installed according to the requirement depending upon the usage whether it is required Outdoor including – stadiums, parks, hubs, or any dedicated public place or Indoor including – homes, restaurants, schools, hospitals, hotels, gaming parlous, warehouses and etc. in both the locations prime objective is to provide seamless connectivity without compromising with speed.

Wi-Fi 6 Market by Industries Segment Analysis:

Wi-Fi 6 helps in healthcare industry in various was including transmissions of real-time patient data and ensuring consistent connectivity for critical healthcare resulting in good care of the patients.  The whole e-commerce is dependent on online shopping as good connectivity provides connection between e-commerce and consumer, allowing consumers to order items, foods and groceries online and saving time. Government agencies usage for Wi-Fi 6 includes spreading awareness to a large population at single time, traffic systems, emergency response and surveillance improving overall safety and quality of the citizens.

Wi-Fi 6 Market by Regional Analysis:

The Asia Pacific will account the largest the share of the market because of the dense population among other regions. South and North American region will be a great positioning of the product because of the e-commerce influence is huge and presence of significant market players. The Middle East and Africa has great potential because of the smart infrastructure investments. Wi-Fi 6 will add advantage to both small and big industries operating.

Key Challenges:

Like any new technology in the starting there is very less dependency due to unfamiliarity among the people which takes time for acceptance, so 5g speed will be the optimal choice for the majority unless it is getting familiar to them.

Competitive Landscape:

Service proving companies focusing on partnerships with real estate developers, hotel chains, healthcare, educational institutions to provide Wi-Fi 6 connectivity and expand their business in different sectors that increases revenue streams and creates brand awareness as well and providing after sales support including taking feedback and troubleshooting leading to long term relationship. Merger or acquisition of hardware and Software companies to provide end-to-end solutions. Companies investing in innovation and product development for advanced security and more reliable.

Global Key Players:

·         Intel Corporation

·         Cisco Systems

·         Qualcomm Incorporated

·         Broadcom Corporation

·         Asustek Computer Inc.

·         Huawei Technologies Co. Ltd

·         TP-Link Technologies Co. Ltd