This study intends to unfurl the multiple facets of global Wi-Fi 6 market and thereby examine how the short-term growth of the market will unfold during the stipulated time span.
Rampantly Expanding Internet User Base Fuels Wi-Fi 6 Market Growth
Wi-Fi 6 is a new Wi-Fi standard. Wi-Fi 802.11ax, now named Wi-Fi 6 to lessen confusion, is set to improve speed and performance and better prepare for a wireless future with thousands of devices all vying for data. The Wi-Fi Alliance (the standards body that oversees Wi-Fi technology) lists these four key benefits of Wi-Fi 6: faster overall transfer speeds to and from devices, more capacity for connected devices, better performance with many connected devices, and less device battery drain when connected. Wi-Fi 6 devices connected to Wi-Fi 6 routers will see potential performance gains up to about 40% compared to Wi-Fi 5 devices and routers. With unprecedented growth in demand for performance gains, global Wi-Fi 6 market will thus be on an uptrend.
Products that adhere to the Wi-Fi Certified 6 certification program deliver an optimal wireless experience. Whereas Wi-Fi 5 delivers 256-QAM (quadrature amplitude modulation mode), Wi-Fi 6 steps it up to 1024-QAM. This offers far more throughput for data-hungry devices, and together with 160MHz channels, MU-MIMO, and transmit beamforming, you're going to see phenomenal performance even with many users vying for bandwidth. Orthogonal frequency division multiple access (OFDMA) for channel sharing is also a must for certification, which will improve performance across the board when there is a high demand for data. Wireless 5G is a cellular technology designed for mobile devices and Always-Connected laptops, while Wi-Fi 6 is a wireless LAN (WLAN) technology that expands on (and is compatible with) older standards. Wi-Fi 6 is mostly associated with home or office network, which primarily drive the growth of Wi-Fi 6 market.
Wi-Fi 6 Market Surges Ahead in Line with Growing Investments by Telecom Service Providers
Demand for Wi-Fi 6 and its services is anticipated to increase concurrently with the increase of Internet users occurring in recent years and is expected to continue in the coming years. The number of Internet users globally is rapidly growing due to greater smartphone adoption and better connectivity. Excellent global Internet connectivity has created new economic opportunities for telecom service providers. They must also match the uptime of their rivals in addition to these advantages in latency and bandwidth. To leverage these new opportunities, telecom companies are heavily investing in enhanced Wi-Fi solutions, which may offer the necessary connectivity bandwidth, security, and network dependability.
Throughout the world, investment in communication technology is rising quickly. According to Cisco VNI (Visual Networking Index), there will be more than 600 million Wi-Fi hotspots worldwide by 2023 (an increase of 4 times from 2018), with the number of Wi-Fi 6 hotspots expected to increase 13-fold between 2020 and 2023. It is anticipated that it would control 11% of all public Wi-Fi hotspots worldwide. The need for Wi-Fi 6 is rising due to end consumers' increased demand for rapid Internet connection. This most recent standard is anticipated to increase Internet speeds by 40% above its predecessor. It is projected that increased MIMO and fast data transmission will significantly increase demand from public spaces like stadiums, shopping malls, and others.
Technology Advancements Continue to Favour Wi-Fi 6 Market Growth
In terms of value, the indoor has captured the largest share in Wi-Fi 6 market. Wi-Fi has steadily gained in popularity in recent years. Local area networks (LANs) are now the technology of choice for homes and businesses since they can operate without wiring or cables, thanks to technological advancements. Wireless broadband Internet connectivity has also been made available over Wi-Fi for connected devices, including laptops, smartphones, tablets, and game consoles.
Furthermore, GPS is a technology that struggles to track locations inside buildings since walls frequently block it. Wi-Fi has become a standard technology option to calculate the position of an asset tag for a real-time location system to combat this (RTLS). Wi-Fi typically has lower operational ranges. However, the signal can be extended up to 150 meters. The ability to produce a precise and accurate position is closely correlated with the number of access points in the area. Wi-Fi positioning solutions don't need extra hardware or ongoing infrastructure upkeep. Since the desired infrastructure is already present in most houses, offices, and other buildings, providing an essential degree of positioning capabilities is simple without making extra investments, this will fuel the growth of Wi-Fi 6 market.
Remarkably Increasing Wi-Fi Usage Influences Long-term Growth of Wi-Fi 6 Market in Asia Pacific
Asia Pacific is currently among the largest users of Wi-Fi 6 and is expected to represent the fastest growing Wi-Fi 6 market throughout the forecast period. China already has a developed Wi-Fi 6 ecosystem, and it is anticipated to expand even more throughout the projected period. Although the growth is expected to be moderate, Wi-Fi 6 technology is likely to function as a hotspot and a replacement for the current mobile broadband. China has one of the most widespread Wi-Fi 6 networks in Asia Pacific. Wi-Fi is extensively used for interior applications in China. The country is anticipated to experience the quick adoption of Wi-Fi 6 over the projection period due to its strong consumer electronics industry. A Chinese business named ZTE released its first Wi-Fi 6 set-top box in November 2020. The ZTE ZXV10 B860AV6 delivers excellent stability, low latency, and a high-speed Internet connection. It also supports Wi-Fi 6 Transmission QoS solutions and a whole-house intelligent networking solution.
Role of Asian Governments Crucial in Wi-Fi 6 Market Build-up
The Ministry of Industry and Information Technology estimates that China will construct more than 600,000 Wi-Fi 6 base stations in 2021. Wi-Fi is also commonly used for interior applications in China. The country is anticipated to experience the quick adoption of Wi-Fi over the projection period due to its strong consumer electronics industry. In addition, the Japanese government supported a plan to encourage financial support for creating smart cities. According to an announcement by the Ministry of Land Management, the government had earlier agreed on "smart city principles," which deal primarily with the use of IT to develop modern urban spaces and management. As a result, a Public-Private Platform for Urban Development between Japan and Cambodia has been established. The Wi-Fi 6 mmWave service from SoftBank Corp. was introduced in Japan in March 2021 using Qualcomm Snapdragon Wi-Fi 6 mobile platforms and Modem-RF devices. Japanese users now have access to the nation's fastest multi-Gigabit Internet rates thanks to Wi-Fi 6 mmWave technology. SoftBank is also selling its Pocket Wi-Fi Wi-Fi 6 A004ZT Wi-Fi 6 mmWave mobile hotspot in conjunction with the launch.
Further, India's government announced intentions to roll out public Wi-Fi nationwide in December 2020. The project's name was "PM-Wani." The three-tier scheme was designed to provide last-mile connection and connect India's roughly 1.36 billion people to the Internet. According to the Ministry of Electronics and Information Technology (PDO), anyone can apply to become a public data officer. The world's first free national wireless Internet network for public buses was constructed in South Korea, according to an update from December 2020. This was done to lower communication costs and give citizens simple access to information. Additionally, the South Korean government intends to set up 10,000 more free Wi-Fi connection points in public locations. China already has a developed Wi-Fi 6 ecosystem, and it is anticipated to expand even more throughout the projected period. Although the growth is expected to be moderate, Wi-Fi 6 technology is likely to function as a hotspot and a replacement for the current mobile broadband. China has one of the most widespread Wi-Fi 6 networks in Asia-Pacific. The Ministry of Industry and Information Technology estimates that China will construct more than 600,000 Wi-Fi 6 base stations in 2021.
Global Wi-Fi 6 Market: Competitive Landscape
NETGEAR introduces the Nighthawk ax1800 and Nighthawk ax6000 Wi-Fi 6 mesh extenders in February 2022. The new Wi-Fi extenders utilize Orthogonal Frequency Division Multiple Access (OFDMA) technology to increase bandwidth. The NETGEAR nighthawk ax1800 mesh extender is a new four-stream mesh extender that can give up to 1.8Gbps speeds, which is one of the differences between the two.
AirEngine 6760-X1 & 6760-X1E APs from Huawei are ultra-high performance indoor fixed Wi-Fi 6 (802.11ax) APs with ten spatial streams by default and two built-in IoT slots. They will be released in December 2021. The AP can operate in the triple-radio mode and provide up to 12 spatial streams with an RTU license.
A few of the players in global Wi-Fi 6 market include Aruba Networks (US), Juniper Networks (US), Cisco Systems (US), NETGEAR (US), Intel Corporation (US), Huawei Technologies (China), Broadcom (US), Qualcomm Inc. (US), NXP Semiconductors (Netherlands), Extreme Networks (US), Ubiquiti Networks (US), Fortinet Inc. (US), AT&T (US), Cambium Networks (US), Alcatel-Lucent (US), D-Link Corporation (China), TP-Link (China), MediaTek (China), and Federated Wireless (US).
The Global Wi-Fi 6 Market is Segmented as Below:
By Location Type:
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By Industry Vertical:
Key Elements Included In The Study: Global Wi-Fi 6 Market
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