Wi-Fi 7 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

Wi-Fi 7 Market

Industry:  ICT & Media | Publish Date: Apr 2024 | No of Pages:  N/A | No. Tables:  N/A | No. Figures:  N/A

Market Definition

The Wi-Fi 7 Market size was valued at USD 1.15 billion in 2023 and is predicted to reach USD 24.97 billion by 2030 with a CAGR of 55.2% from 2024-2030. Wi-Fi 7, also known as 802.11be, is the next generation of wireless networking technology that succeeds Wi-Fi 6 (802.11ax). It is designed to provide even faster speeds, lower latency, and increased capacity compared to previous Wi-Fi standards. Wi-Fi 7 aims to meet the growing demand for high-speed internet connectivity in homes, businesses, and public spaces by delivering enhanced performance and efficiency. This new standard is expected to support emerging technologies and applications such as augmented reality, virtual reality, and Internet of Things (IoT) devices.

Market Dynamics and Trends

The demand for Wi-Fi 7 is significantly increasing due to the expanding internet penetration worldwide. According to the latest report published by the International Telecommunication Union, approximately 5.3 billion people worldwide used the internet in 2022. As the global number of internet users continues to rise, there is an escalating need for high-speed connectivity and efficient data transmission. Wi-Fi 7 technology meets this demand by providing high-speed internet services and efficient data transmission capabilities, resulting in enhanced internet performance for users.

Moreover, the increasing adoption of smart devices, including smartphones, tablets, smart TVs, and wearables, is driving the growth of the Wi-Fi 7 market. According to the latest report published by the GSM Association, over 7 billion people worldwide owned smartphones in 2024 and it is anticipated to reach 90% by the year 2029. As the user base for smartphones continues to expand, there is a growing demand for robust and high-speed connectivity, fueling the growth of the market.

Furthermore, the growing popularity of smart home solutions such as thermostats and security cameras are also driving the market for Wi-Fi 7 technology as it offers faster speeds, improved coverage, and better network capacity, which makes it an ideal choice for smart home applications.

However, the compatibility issues of Wi-Fi 7 with existing devices along with its limited availability of services are the major factor restraining the growth of the Wi-Fi 7 market. On the contrary, the introduction of MIMO (Multiple Input Multiple Output) technology, higher order modulation, and spectrum utilization is expected to create significant opportunities for the Wi-Fi 7 market in the coming years. These advancements enhance the reliability and speed of wireless connections, leading to improved performance and efficiency in Wi-Fi networks. 

Market Segmentations and Scope of the Study

The wi-fi 7 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 centers, and others. Regional breakdown and analysis of each of the aforesaid segments include regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

Asia Pacific holds the dominant share of the Wi-Fi 7 market and is expected to continue its dominance during the forecast period. This is attributed to factors such as the rising prevalence of smartphones, wearables, and smart home devices in emerging markets such as China, India, and Japan. According to the latest report from the GSM Association, smartphone adoption in the Asia Pacific region is expected to increase significantly from 76% in 2022 to an impressive 94% by 2030. Additionally, the adoption of 5G technology is forecasted to experience substantial growth, with penetration rates projected to rise from 4% in 2022 to a substantial 41% by 2030. This transition towards smartphones and 5G connectivity in Asia Pacific is fueling the expansion of the Wi-Fi 7 market.

Moreover, the rapid expansion of the consumer electronics industry is driving the demand for faster and more reliable internet connectivity in the region, thereby accelerating the growth of the Wi-Fi 7 market. According to the latest report published by the State Council Information Office of the People's Republic of China, China's consumer electronics manufacturing output reached USD 4.6 trillion in 2021, contributing to the overall development of digital infrastructure in the region.

On the other hand, North America is expected to show a steady growth in the Wi-Fi 7 market due to the rapid adoption of smart home devices in developed countries such as the US and Canada. Moreover, the presence of key market players such as Qualcomm Inc and Intel Corporation plays an important role in the development of the Wi-Fi 7 market in this region. For instance, in May 2022, Qualcomm Inc launched the Wi-Fi 7 networking pro series including enterprise access points, Wi-Fi mesh, gateways, and premium home routers for the commercial Wi-Fi 7 platform.

Moreover, the growing adoption of smart homes and connected devices in countries such as the U.S. and Canada further boosts the expansion of Wi-Fi 7 market.  According to the Forbes report, 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.

Competitive Landscape

Various market players operating in the wi-fi 7 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, TP-Link, MediaTek Inc, HFCL, and others. These market players are adopting various strategies such as product launches and collaborations to remain dominant in the market.

For instance, in February 2024, Huawei Technologies launched the enterprise-class "AirEngine Wi-Fi 7," the latest generation of Wi-Fi standard solutions. These solutions provide a smoother and more reliable wireless network in high-density, high-bandwidth, and low-latency use cases. They are particularly beneficial when accessing the metaverse and utilizing Augmented Reality/Virtual Reality (AR/VR) for education purposes.

in December 2022, Qualcomm launched Wi-Fi 7 platform with multi-link mesh networking to meet home mesh Wi-Fi networking systems. The new Wi-Fi 7 Immersive Home Platforms technology is built on modular chipset architecture that delivers over 20GBps of total system capacity. 

Moreover, in November 2022, TP-Link launched new Wi-Fi 7 routers, Deco products, Omada EAPs, and other products. Through this launch, the company aimed to provide wifi7 networking solutions for homes and enterprises.

Additionally, in October 2022, HFCL collaborated with Qualcomm Inc to launch its newly developed Wi-Fi 7 products. HFCL’s new Wi-Fi 7 product range was based on the IEEE 802.11be Wi-Fi technology designed to deliver extremely high throughput (EHT), higher spectral efficiency, better interference mitigation, and real-time applications (RTA) support.

Furthermore, in April 2022, Broadcom Inc launched its Wi-Fi 7 ecosystem solution including Wi-Fi routers, residential gateways, enterprise access points, and client devices. These Wi-Fi 7 chips offered more than double the speed of Wi-Fi 6 and 6E solutions currently available on market.


  • The report provides quantitative analysis and estimations of Wi-Fi 7 market from 2024 to 2030, which assists in identifying the prevailing market opportunities.

  • The study comprises a deep dive analysis of the Wi-Fi 7 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 7 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.


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 UK

    • 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

  • RoW

    • Latin America

    • Middle East

    • Africa




Market Size in 2023

USD 1.15 billion

Revenue Forecast in 2030

USD 24.97 billion

Growth Rate

CAGR of 55.2% from 2024 to 2030

Analysis Period


Base Year Considered


Forecast Period


Market Size Estimation

Billion (USD)

Growth Factors

  • Growing penetration of internet across the globe

  • Rising adoption of smartphones worldwide

  • Increasing adoption of smart homes in the world

Countries Covered


Companies Profiled


Market Share

Available for 10 companies

Customization Scope

Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs.



  • 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

  • TP-Link 

  • MediaTek Inc

  • HFCL

Frequently Asked Questions
What is Wi-Fi 7 and how does it differ from previous Wi-Fi standards?

Wi-Fi 7, also known as 802.11be, is the next generation of wireless networking technology succeeding Wi-Fi 6 (802.11ax).

What is the current and forecasted market size of Wi-Fi 7 market?

According to the Next Move Strategy Consulting, the Wi-Fi 7 Market size was valued at USD 1.15 billion in 2023 and is predicted to reach USD 24.97 billion by 2030 with a CAGR of 55.2% from 2024-2030.

What are the opportunities for Wi-Fi 7 in the market?

Introduction of technologies like MIMO, higher order modulation, and spectrum utilization are expected to create significant opportunities for Wi-Fi 7.

Which regions dominate the Wi-Fi 7 market?

Asia Pacific holds the dominant share of the Wi-Fi 7 market, driven by factors such as rising smartphone adoption and expansion of the consumer electronics industry.

What are the key players in the Wi-Fi 7 market?

Various key players in the Wi-Fi 7 market include Alphabet Inc, Intel Corporation, Huawei Technologies, Netgear Inc, Qualcomm Inc., and others, who contribute to the development and expansion of the market through innovation and product offerings.