Wi-Fi 6E Devices Market Size worth $7.96 Billion By 2030: IndustryARC

Wi-Fi 6E Devices Market size is predicted to reach $7.96 billion by 2030, growing at a CAGR of 18.7% during the forecast period 2023-2030 according to the latest market research report published by IndustryARC. The increasing number of devices that require wireless connectivity and increasing necessity for network security are poised to propel the market growth, finds IndustryARC in its recent report, titled “Wi-Fi 6E Devices Market – By Device Type [ Smart Phones, Laptops and Tablets, Gaming Consoles, Smart home devices, IoT devices, Others], By Area of Use [ Indoor, Outdoor], By End-Use [ Consumer Electronics, Commercial, Industrial, Government and Utilities, Transportation and Logistics, Others] By Geography – Global Opportunity Analysis & Industry Forecast, 2023-2030”

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Asia Pacific is going to be the fastest growing region

Among all the markets globally, Asia Pacific market is expected to grow at a CAGR of 19.2% during the forecast period.One of the main reasons is the increasing adoption of smart homes and IoT devices in the region.In addition, the Asia Pacific region is home to many leading technology companies such as Huawei, Samsung, and Xiaomi, which are driving innovation in the Wi-Fi 6E Devices market.

On an average in this region, 2.1 smart devices per person are the number of smart devices that require Wi-Fi services.This is a growing trend is expected to grow more rapidly in the future. 

Wi-Fi 6E Devices Market 2023-2030: Scope of the Report

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Wi-Fi 6E Devices Market Report – Key Takeaways:

Wide spread of Smart Phones helps the market grow

Almost half of the devices using the wifi services in the world are smart phones. This indicates the need for integrating better wifi rendering technology into the smart phones. As more and more people use smartphones to access the internet, the demand for faster and more reliable wireless connectivity also increases. Additionally, the increasing use of smartphones for data-intensive applications such as streaming, online gaming, and video conferencing has also led to the need for higher bandwidth and reduced latency, which can be addressed by Wi-Fi 6E.

 Growing adoption of IoT devices

The growing adoption of IoT devices is expected to have a significant impact on the Wi-Fi 6E devices market. IoT devices typically require a reliable and high-speed internet connection to function properly. With the increased bandwidth and reduced interference provided by Wi-Fi 6E, IoT devices can operate more efficiently and effectively. The number of IoT devices in the market are expected to grow at a 10% CAGR, this directly implies the need for faster internet connectivity.

Increasing focus on network security

With the increasing number of connected devices and the rise of the Internet of Things (IoT), the need for secure and reliable connectivity has become more important than ever. Security concerns in the WIFI 6E devices market include unauthorized access, hacking, malware, and other cyber threats. The global Wi-Fi security market size is expected to grow with almost 15% CAGR.

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Key Opportunity Analysis:

Integration with advanced technologies

The integration of WiFi 6E with advanced technologies such as AI, machine learning, and edge computing is expected to bring significant advancements in the wireless industry. The low latency and high bandwidth of WiFi 6E enable the smooth functioning of these technologies, leading to new applications and use cases.
According to a report by Intel, 74% of IoT decision-makers believe that artificial intelligence will play a major role in the success of their IoT initiatives.

Development of smart homes and buildings creates huge opportunity

The development of smart homes and buildings is a major opportunity and innovation in the Wi-Fi 6E devices market. With the growing adoption of IoT devices, there is an increasing demand for smart homes and buildings that are equipped with intelligent systems to manage energy consumption, security, and other functions. Smart building technology can include a range of features, from advanced HVAC systems to sophisticated security systems and advanced data analytics.

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The Report also Covers the Following Areas:

• Wi-Fi 6E Devices Market Size and Forecast
• Wi-Fi 6E Devices Market Trends
• Wi-Fi 6E Devices Market Analysis by Device Type

Wi-Fi 6E Devices Market 2023-2030: Key Highlights

• CAGR of the market during the forecast period 2023-2030
• Value Chain Analysis of key stake holders
• Detailed analysis of market drivers and opportunities during the forecast period
• Wi-Fi 6E Devices Market size estimation and forecast
• Analysis and predictions on end users’ behavior and upcoming trends
• Competitive landscape and Vendor market analysis including offerings, developments, and financials
• Comprehensive analysis of challenges and constraints in the Wi-Fi 6E Devices Market

Covid and Ukrainian Crisis Impact:

• The COVID-19 pandemic has had a significant impact on the Wi-Fi 6E devices market, as it has disrupted global supply chains, led to changes in consumer behavior, and shifted the focus towards remote work and learning.Despite the challenges during the pandemic, leading company Cisco has clocked $2 Billion more in revenue in 2022 compared to 2021 and that demand for Wi-Fi routers is expected to remain strong in the coming years as remote work and learning become more prevalent.

• The Market didn’t get much affected due to the Ukraine war.The disruption in the supply of raw materials, components, or finished products had impact production and sales of Wi-Fi 6E devices. Additionally, economic instability affected consumer purchasing power and demand for high-end technology products, including Wi-Fi 6E devices.

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List of Key Market Players in Wi-Fi 6E Devices Market:

The Global Wi-Fi 6E Devices Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:

• Cisco Systems Inc.
• Huawei Technologies Co. Ltd.
• Netgear Inc.
• Dell Technologies Inc.
• AsusTek Computer Inc.
• Broadcom Inc.
• TP-Link Technologies Co. Ltd.
• Hewlett Packard Enterprise Development LP
• Intel Corporation
• Mojo Networks Inc.

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IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format which assists an intelligent and informed decision-making process.

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