Market Overview:
The global Wi-Fi 6 Market size was valued at USD 15.56 billion in 2022, and is projected to reach USD 38.57 billion by 2032 at a CAGR of 20.5% from 2022 to 2032. Wi-Fi 6 is the latest standard in wireless networking technology that offers higher speeds, better capacity, and lower latency than its predecessors. It uses advanced features such as MU-MIMO (multi-user, multiple input, multiple output) and OFDMA (orthogonal frequency-division multiple access) to improve network efficiency and performance. Wi-Fi 6 operates on both the 2.4 GHz and 5 GHz bands, providing greater flexibility and compatibility with a wide range of devices.
According to a report by IDC, Wi-Fi 6 access point (AP) shipments reached 10.9 million units in 2020, up from 3.7 million units in 2019. The report also predicts that Wi-Fi 6 AP shipments will continue to grow at a CAGR of 38.7% from 2020 to 2024, driven by the increasing demand for high-speed, reliable wireless connectivity. Additionally, many leading networking equipment manufacturers, such as Cisco, Aruba Networks, and Ruckus Wireless, offer a wide range of Wi-Fi 6 hardware products, including access points, routers, and gateways, to meet the growing demand for this technology.
One of the key trends in the Wi-Fi 6 market is the adoption of this technology in various industries, including healthcare, education, and retail. For instance, in healthcare, Wi-Fi 6 is being used to enable telemedicine and remote patient monitoring, while in education, it is being used to support digital learning and collaboration. In retail, Wi-Fi 6 is being used to enhance the in-store experience by providing fast and reliable wireless connectivity to customers and employees.
Growing needs for high-speed, reliable, and seamless wireless connectivity is to present new market growth opportunities.
The Wi-Fi 6 market is expected to continue to grow in the coming years, driven by the increasing demand for high-speed, reliable wireless connectivity. With the ongoing rollout of 5G networks and the increasing adoption of IoT devices, the demand for Wi-Fi 6 is expected to increase significantly, as it offers the necessary capacity and performance to support these technologies. Another factor that is expected to drive the growth of the Wi-Fi 6 market is the increasing adoption of cloud-based networking solutions. Cloud-managed Wi-Fi networks offer greater flexibility, scalability, and ease of management, making them ideal for supporting large-scale deployments in various industries. Moreover, the increasing adoption of artificial intelligence (AI) and machine learning (ML) technologies is expected to further enhance the performance and efficiency of Wi-Fi 6 networks, by enabling intelligent network management and optimization. With the proliferation of IoT devices, cloud-based applications, and digital content, there is a growing need for a network infrastructure that can support the increasing data traffic and provide faster and more efficient connectivity.
Wi-Fi 6 technology, also known as 802.11ax, is designed to meet these demands by providing higher data transfer rates, lower latency, and increased capacity compared to its predecessors. Wi-Fi 6 is also more efficient in managing multiple devices simultaneously, which is important in environments such as crowded public spaces, educational institutions, and enterprise workplaces where many devices need to be connected to the network.
Segmentation:
By Component
• Hardware
• Services
By End-User
• Residential
• Enterprise
• Healthcare
• Transportation
Geography:
North America dominates the Wi-Fi 6 market, primarily due to the high adoption rate of advanced technologies and the presence of major technology companies in the region. The United States is the largest market in North America due to the high penetration of IoT devices and the increasing demand for high-speed connectivity. However, the Asia Pacific region is expected to grow at the highest CAGR due to the increasing demand for high-speed connectivity in densely populated countries such as China and India. The growing adoption of IoT devices, smart homes, and the increasing use of smartphones is expected to drive the growth of the Wi-Fi 6 market in the Asia Pacific region. Europe is also expected to grow rapidly due to the increasing demand for high-speed connectivity and the increasing adoption of IoT devices in the region. The deployment of 5G networks and the increasing investments in smart cities are expected to boost the demand for Wi-Fi 6 technology in Europe. Overall, while North America currently dominates the market, the Asia Pacific region and Europe are expected to grow rapidly in the coming years, driven by the increasing demand for high-speed connectivity and the adoption of IoT devices and smart technologies.
Impact of COVID-19 and Russia Ukraine War:
COVID-19 has had a significant impact on global economies, including the tech industry. In the case of the Wi-Fi 6 market, the pandemic has resulted in supply chain disruptions, reduced demand for networking products, and delayed infrastructure projects. However, the pandemic has also led to an increased demand for high-speed connectivity as remote work and online education become more prevalent. This has created new opportunities for the Wi-Fi 6 market as companies and individuals seek to upgrade their networking capabilities.
The Russia-Ukraine war has not had a direct impact on the Wi-Fi 6 market. However, the geopolitical tensions between the two countries and the resulting economic sanctions have affected the tech industry as a whole. In particular, sanctions on Russian companies have limited their ability to access international markets and technologies, which could impact their ability to compete in the Wi-Fi 6 market.

Overall, while COVID-19 has created some challenges for the Wi-Fi 6 market, it has also created new opportunities as the demand for high-speed connectivity continues to grow. The impact of the Russia-Ukraine war is less direct, but the geopolitical tensions and economic sanctions could have an impact on the industry as a whole.
Recent Developments:
• In January 2021, Qualcomm announced its new Snapdragon 870 5G Mobile Platform, which supports Wi-Fi 6 and offers high-speed connectivity and improved performance for smartphones.
• In February 2020, Cisco announced a new range of Wi-Fi 6 access points, designed to provide high-speed connectivity and improved performance in dense environments such as stadiums and convention centers.
• In April 2021, Aruba Networks, a Hewlett Packard Enterprise company, announced the launch of its new Wi-Fi 6E access points, which support the 6 GHz frequency band and offer faster speeds and improved performance.
• In October 2020, Huawei announced its new Wi-Fi 6+ technology, which offers improved performance and faster speeds than standard Wi-Fi 6 technology.
• In September 2020, Intel announced its new Wi-Fi 6E module, designed to support the 6 GHz frequency band and provide faster speeds and improved performance for laptops and other devices.
Company Profiles:
• Cisco Systems
• Qualcomm
• Huawei Technologies
• Intel Corporation
• Broadcom Inc.
• Samsung Electronics
• Nokia Corporation
• Aruba Networks
• Aerohive Networks
• Ruckus Networks
• Extreme Networks
• Netgear
• D-Link Corporation
• ASUS
• TP-Link Technologies Co., Ltd