Wi-Fi 6E Devices Global Market Report 2024

The Wi-Fi 6E devices market size has grown exponentially in recent years. It will grow from $2.54 billion in 2023 to $3.09 billion in 2024 at a compound annual growth rate (CAGR) of 21.7%. The growth observed in the historical period can be attributed to several key factors. These include a heightened demand for bandwidth, driven by the proliferation of data-intensive activities and applications. Additionally, the emergence of internet of things (IoT) devices has contributed significantly to this growth, as they require reliable and high-speed connectivity. The popularity of 4K and 8K video streaming services has also played a pivotal role, necessitating faster network speeds and greater bandwidth capacity. Furthermore, the increasing adoption of enterprise applications and the need for low latency in various sectors have further fueled the demand for advanced networking technologies.

The Wi-Fi 6E devices market size is expected to see exponential growth in the next few years. It will grow to $6.88 billion in 2028 at a compound annual growth rate (CAGR) of 22.1%. The projected growth in the forecast period can be attributed to several factors, including the increasing penetration of the internet, the rollout of 5G networks, growing demand for enhanced security measures, and the emergence of Wi-Fi 7 technology. Major trends expected during this period encompass the integration of Wi-Fi 6E in next-generation devices, alignment with 6G and future technologies, widespread adoption in consumer electronics, and integration with smart home automation systems.

The surging demand for high-speed connectivity is poised to propel the growth of the wireless fidelity 6 extended (Wi-Fi 6E) devices market in the foreseeable future. High-speed connectivity refers to the ability of a network or internet connection to transmit data at a rapid rate, resulting in swift data transfer speeds and minimal latency. The increasing demand for high-speed connectivity stems from various factors, including escalating data consumption, the proliferation of Internet of Things (IoT) devices, the rise of remote work arrangements, and ongoing digital transformation initiatives. Wi-Fi 6E devices play a pivotal role in fulfilling this demand by offering high-speed connectivity, enabling users to experience enhanced data transfer rates and reduced latency. This is particularly beneficial for organizations reliant on uninterrupted communication and seamless data transmission for their day-to-day operations. For instance, reports published by Ookla in January 2023 revealed that fixed broadband speeds surged by at least 28%, while mobile speeds increased by nearly 17% from November 2021 to November 2022, underscoring the driving force behind the growth of the Wi-Fi 6E devices market.

Prominent companies in the Wi-Fi 6E devices market are prioritizing the development of advanced solutions, such as Wi-Fi 6E-ready access points, to bolster their offerings in the market. These Wi-Fi 6E-ready access points represent a new generation of devices engineered to withstand harsh environmental conditions while delivering high-density, high-throughput, power-efficient, and secure wireless networking solutions. For example, in May 2022, Cisco Systems Inc., a leading US-based technology company, introduced the Cisco Catalyst IW9167 Series, extending next-generation wireless technologies to outdoor and industrial spaces. The IW9167 Series offers a choice between Wi-Fi and ultra-reliable wireless backhaul (URWB) modes, facilitating seamless switching between operating modes without necessitating hardware alterations. Moreover, the IW9167E model boasts three data radios - 2.4 GHz, 5 GHz, and 5/6 GHz radios - providing diverse channel possibilities for various applications. With support for up to 99.995% availability, less than 10 ms latency, and 0% packet loss, along with seamless handoffs, the series ensures robust and uninterrupted wireless connectivity.

In March 2023, Reliance Jio Infocomm Ltd., an India-based telecommunications company, finalized the acquisition of Mimosa Networks Inc. for $60 million. This strategic acquisition positions Jio to enhance its capabilities in delivering low-cost, high-speed connectivity solutions for both end users and backhaul applications. Mimosa Networks Inc., based in the US, specializes in manufacturing Wi-Fi 6E products tailored for service providers.

Major companies operating in the wi-fi 6e devices market are Apple Inc., Samsung Electronics Co. Ltd., Dell Technologies Inc., Huawei Technologies Co. Ltd., Lenovo Group Limited, Intel Corporation, Cisco Systems Inc., Qualcomm Technologies Inc., Broadcom Inc., Hewlett Packard Enterprise Development LP, Nokia Corporation, MediaTek Inc., AsusTek Computer Inc., NXP Semiconductors N.V., CommScope Holding Company Inc., Skyworks Solutions Inc., Qorvo Inc., Realtek Semiconductor Corp., TP-Link Corporation Limited, Aruba Networks, Netgear Inc., Nordic Semiconductor, D-Link Systems Inc., Linksys Holdings Inc., Mojo Networks Inc.

Asia-Pacific was the largest region in the Wi-Fi 6E devices market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the wi-fi 6e devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the wi-fi 6e devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Wi-Fi 6E devices represent an advancement of Wi-Fi 6 technology, leveraging the 6GHz frequency spectrum alongside the existing 2.4GHz and 5GHz channels. This expansion in bandwidth enables higher data rates, reduced network congestion, and enhanced overall network performance, catering to demanding applications such as ultra-high-definition streaming, online gaming, and simultaneous device connectivity.

The primary categories of Wi-Fi 6E devices encompass smartphones, laptops, tablets, gaming consoles, smart home appliances, Internet of Things (IoT) devices, and more. Smartphones are handheld mobile devices featuring advanced computing capabilities, internet connectivity, and various functionalities such as touchscreen displays and cameras, tailored for communication, entertainment, productivity, and other tasks. These devices find utility across diverse sectors including consumer electronics, commercial enterprises, industrial settings, government agencies, transportation and logistics, and beyond, both indoors and outdoors, serving end-users' needs comprehensively.

The Wi-Fi 6E devices market research report is one of a series of new reports that provides Wi-Fi 6E devices market statistics, including Wi-Fi 6E devices industry global market size, regional shares, competitors with a Wi-Fi 6E devices market share, detailed Wi-Fi 6E devices market segments, market trends and opportunities, and any further data you may need to thrive in the Wi-Fi 6E devices industry. This Wi-Fi 6E devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The Wi-Fi 6E devices market consists of sales of routers, access points (APs), wireless network cards or adapters, and networking equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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