Wi-Fi 6 Market size is poised to reach USD 53 Billion by the end of 2036, growing at a CAGR of 15% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of wi-fi 6 was USD 19 Billion. The major factor to dominate the market expansion is a surge in a number of internet users. The Internet has grown in importance as an everyday necessity due to its rising influence on both individual customers and huge economies. For instance, over 5 billion people accessed the internet as of January 2024, amounting to approximately 65 percent of the world's population. Therefore, there will be a greater need for Wi-Fi 6 and its related services as long as the number of internet users continues to rise.
Furthermore, Target Wake Time (TWT), Multi-User Multiple Input Multiple Output (MU-MIMO), and Orthogonal Frequency Division Multiple Access (OFDMA) are among the new features of Wi-Fi 6. The popularity of Wi-Fi 6 devices is fueled by these developments, which improve user experiences, boost throughput, and improve network efficiency.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
~15% |
Base Year Market Size (2023) |
~ USD 19 Billion |
Forecast Year Market Size (2036) |
~ USD 53 Billion |
Regional Scope |
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Location Type (Outdoor, Indoor)
The outdoor segment in the wi-fi 6 market is set to gather the highest revenue share of 60% over the coming years. Outdoor access points operate similarly to interior access points, however together with higher power levels and purpose-built antennas. Furthermore, with the rise in commercial infrastructure and small businesses, the need for outdoor wi-fi 6 is set to rise. For instance, currently, there are over 399 small businesses all across the globe. Many small businesses including restaurants, clothing, bars, and even hair saloons are considering to expand their business outdoors. This is since, outdoor dining, shopping, and exercising have been some of the pandemic's highlights for a lot of patrons. When it came to restaurants, opinions about sitting outside swiftly changed from being forced to being preferred. Outdoor Wi-Fi is one of the necessities in this new corporate normal. Moreover, about 95% of consumers anticipate receiving free Wi-Fi as part of their experience according to one of the researchers. As a result, the demand for outdoor wi-fi 6 is estimated to rise.
Vertical (Retail & E-Commerce, Government & Public Sector, Manufacturing, Media & Entertainment, Healthcare & Lifesciences, Transportation & Logistics, Travel & Hospitality, Education, Residential)
The education segment in the wi-fi 6 market is predicted to gather the highest revenue share of about 30% over the coming years. This is since, a strong and rapid web connection is now critically needed due to the growing trend of e-learning in colleges and institutions. Educational institutions are able to better meet this demand due to the introduction of Wi-Fi 6. Wi-Fi 6 is perfect for supporting many students accessing online resources at once since it provides faster data speeds, more network capacity, and enhanced performance in congested areas. As a result of this, the market for Wi-Fi 6 devices is rising as more educational institutions upgrade their networks to accommodate the ever-expanding realm of e-learning.
Our in-depth analysis of the global market includes the following segments:
Offering |
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Location Type |
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Enterprise Size |
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Devices |
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Application |
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Vertical |
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APAC Market Forecast
The Asia Pacific wi-fi 6 market is estimated to gather the highest revenue share of about 35% over the forecast period. The growth of the market in this region is set to be dominated by a rising number of startups and manufacturers who are offering wi-fi 6 services. Additionally, this is also experiencing growing urbanization which is demanding high-speed internet connection. Roughly 2.2 billion people, or 54% of the world's metropolitan population, reside in Asia. Asia's urban population is estimated to increase by 50% by 2050, adding 1.2 billion new residents. As a result, this factor is also projected to encourage market expansion in this region.
North American Market Analysis
The North America wi-fi 6 market is also set to have notable growth over the forecast period. The major element influencing the market expansion in this region is the growing demand for smart homes. Additionally, the development of smart house technology has drawn significant investments and a plethora of entrepreneurs to the United States, which has emerged as a hub for smart home innovation. Hence, this factor is set to significantly impact the growth of the wi-fi 6 market in this region.
Author Credits: Abhishek Verma
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