Wi-Fi 6E Market by Offering (Hardware, Solution, and Services), Location Type (Indoor and Outdoor), by Device type (Consumer Devices, Wireless Cameras, Industrial IoT Devices, Connected Vehicles, Drones, and Others), by Application (Residential, Commercial, Smart Cities, Transportation, Logistics, Government, Defence, and Others) – Global Opportunity Analysis and Industry Forecast 2024-2030

Market Definition

The Wi-Fi 6E Market size was valued at USD 20.88 billion in 2023 and is predicted to reach USD 53.89 billion by 2030 with a CAGR of 14.5% from 2024-2030. Wi-Fi 6E or the Wireless Fidelity 6 Extension, is the latest version of Wi-Fi technology. It is an extension of the existing Wi-Fi 6 (802.11ax) standard that allows devices to access the 6 GHz frequency band in an unlicensed spectrum that can be used for Wi-Fi transmissions. The 6 GHz band is much larger than the existing 2.4 GHz and 5 GHz bands which increases the internet speeds and reliability. It also supports OFDMA (Orthogonal Frequency Division Multiple Access), which allows multiple devices to access the same frequency at the same time, resulting in more efficient data transmission. Wi-Fi 6E will also provide improved coverage, faster speeds, and lower latency compared to the current Wi-Fi 6 standard. This technology also improves security protocols, improved throughput, and power efficiency for better performance.

Market Dynamics and Trends

The demand for Wi-Fi 6E is experiencing significant growth owing to the expanding internet penetration worldwide. According to the latest report from the International Telecommunication Union, approximately 5.3 billion people were using the internet globally in 2022.

As the number of internet users continues to increase, there's a rising need for high-speed connectivity and efficient data transmission. Wi-Fi 6E technology addresses this demand by providing high-speed internet services and efficient data transmission capabilities, enhancing overall internet performance for users. This trend is driving the growth of the market.

Moreover, the increasing adoption of smart devices, including smartphones, tablets, smart TVs, and wearables, is driving the growth of the Wi-Fi 6E market. According to the latest report from the GSM Association, over 7 billion people globally owned smartphones in 2024, with smartphone adoption expected to reach 90% by 2029.

As the user base of smartphones continues to expand, there is a growing need for robust and high-speed connectivity. These devices require higher data speeds to perform better and more efficiently, which can be achieved with Wi-Fi 6E technology. However, co-channel interference and lack of compatibility of the Wi-Fi 6E with existing devices are the major factors restraining the growth of the market.

On the contrary, the introduction of 6G network technology is expected to create ample opportunities for the Wi-Fi 6E market in the coming years. 6G technology is anticipated to revolutionize internet connectivity, offering seamless, low-latency, and improved-speed connections, enhancing the capabilities to deliver high-speed and reliable wireless connectivity.

Market Segmentations and Scope of the Study

The wi-fi 6E market share is segmented on the basis of offering, location type, device type, applications, and region. On the basis of offering, the market is divided into hardware, solution, and services. On the basis of location type, the market is classified into indoor and outdoor. On the basis of device type, the market is segmented into consumer, wireless cameras, industrial IoT devices, connected vehicles, drones, and others. The consumer devices are further classified into smartphones & tablets, desktops & laptops, AR/VR, wearables, smart homes devices, and others. On the basis of application, the market is divided into residential, commercial, smart cities, transportation, logistics, government, defence, and others. The commercial applications are further segmented into airports, stadiums, malls, shops, hospitals, hotels & restaurants, educational center, and others. Regional breakdown and analysis of each of the aforesaid segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

Asia Pacific holds the dominant share of the Wi-Fi 6E market and is expected to continue its dominance during the forecast period. This is attributed to factors such as the increasing penetration of smartphones, wearables, and smart home devices in emerging countries such as China, India, and Japan.

As per the latest report published by the GSM Association, smartphone adoption in Asia Pacific is anticipated to increase from 76% in 2022 to an impressive 94% in 2030. Additionally, the adoption of 5G technology is poised for substantial growth, projected to rise from 4% in 2022 to a substantial 41% by 2030. This shift in smartphones and 5G connectivity in Asia Pacific is driving the growth of the Wi-Fi 6 market.

Moreover, the rapidly growing consumer electronics industry in this region is further boosting the growth of the Wi-Fi 6E market. According to the India Cellular & Electronics Association, the government of India plans to invest USD 300 billion in the development of electronics manufacturing and exports by 2026.

With such substantial investment and focus on the electronics sector, the demand adoption of Wi-Fi for 6E technology in various consumer electronics devices, driving market growth. Additionally, as per the State Council Information Office of the People's republic of China, in 2021, China’s consumer electronics manufacturing output reached USD 4.6 trillion, emphasizing the increasing need for advanced networking technologies to support the connectivity requirements of modern devices in this region.

On the other hand, North America is expected to show a steady rise in the growth of the Wi-Fi 6E market due to the presence of key market players such as Broadcom Inc and Intel Corporation plays an important role in the development of the Wi-Fi 6E market in this region. For instance, in January 2022, Intel Corporation launched a series of Wi-Fi 6 and 6E products and features including ‘Double Connect’ technology including the new 12th Gen Intel Core mobile processors for business and personal use.

Furthermore, the growing adoption of smart homes and connected devices that need internet and Wi-Fi connectivity is significantly boosting in countries such as the U.S. and Canada. For instance, the average house in the U.S. has 20.2 connected devices including smartphones, computers, tablets, smart TVs, smart speakers, connected lighting systems, and connected appliances. This increasing proliferation of smart devices necessitates robust and reliable Wi-Fi connectivity, driving the demand for Wi-Fi 6E technology in this region.

Competitive Landscape

Various market players operating in the wi-fi 6E market include Alphabet Inc, Intel Corporation, Huawei Technologies, Netgear Inc, Juniper Networks Inc, Broadcom Inc, Qualcomm Inc., Swisscom AG, Comcast Corporation, Fortinet Inc, Synology Inc, NXP Semiconductors, D-Link Corporation, MediaTek Inc, Sterlite Technologies Limited, and others. These market players are adopting various strategies such as product launches and collaborations to remain dominant in the Wi-Fi 6E market.

For instance, in October 2022, Alphabet Inc launched the Nest Wifi Pro router with Wi-Fi 6E capabilities for faster speeds and smoother connections. The new router comes with 6 GHz radio band that offers speeds up to two times faster than Wi-Fi 6.

Moreover, in September 2022, Swisscom AG collaborated with SoftAtHome to launch wifi 6E named WLAN-Box 3. The new WLAN-Box 3 provides improved in-home connectivity and faster internet connectivity. Furthermore, in January 2022, Comcast Corporation launched a new WiFi 6E gateway device. The new wifi 6E device provides a faster and more reliable wireless connection using 2.4 GHz, 5 GHz, and a new, 6 GHz band.

Key Benefits

• The report provides quantitative analysis and estimations of the wi-fi 6E market from 2024 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep-dive analysis of wi-fi 6E market including the current and future trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the wi-fi 6E market is provided in the report. 

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Key Market Segments

By Offering 

• Hardware

• Solution

• Services

By Location Type 

• Indoor 

• Outdoor

By Device type 

• Consumer Devices

  • Smartphones & Tablets

  • Desktops & Laptops

  • AR/VR 

  • Wearables

  • Smart Homes Devices

  • Others

• Wireless Cameras

• Industrial IoT Devices

• Connected Vehicles

• Drones

• Others

By Application 

• Residential

• Commercial

  • Airports

  • Stadiums

  • Malls & Shops

  • Hospitals

  • Hotels & Restaurants

  • Educational Center

  • Others

• Smart Cities

• Transportation

• Logistics

• Government

• Defence

• Others

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The U.K.

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden        

  • Norway        

  • Russia        

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia-Pacific 

• Rest of the World (RoW)

  • Latin America

  • Middle East 

  • Africa

REPORT SCOPE AND SEGMENTATION:

Test