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The Wi-Fi 6 Market is projected to grow to $18.2 billion by 2031, with a compound annual growth rate (CAGR) of 25.2% from 2024 to 2031.<br><br>
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Meticulous Research®, a recognized leader in global market intelligence, has released a detailed report titled Wi-Fi 6 Market Size, Share, Forecast, & Trends Analysis by Device (Mesh Routers, Wireless Access Points, Home Gateways), Commercial Use (Enterprises, Consumers), Application (Consumer Electronics, AR/VR, Retail, Smart Cities, Healthcare), and Geography - Global Forecast to 2031. Download Sample Report Here @ https://www.meticulousresearch.com/download- sample-report/cp_id=5238 The report reveals that the Wi-Fi 6 market is expected to grow significantly, reaching $18.2 billion by 2031 at a CAGR of 25.2% from 2024 to 2031. This growth is fueled by the rising need for faster internet connectivity, especially in smart homes. However, high implementation costs could slow market expansion. In contrast, investments in smart cities offer substantial growth potential. Major challenges include concerns over data privacy and security, while the market trends are defined by increasing internet users and connected devices. The Wi-Fi 6 market is segmented into devices, commercial use, applications, and geographies, with detailed competitive and regional market analysis provided. Devices Segment In 2024, wireless access points are expected to dominate the devices segment with a 41.0% share. These access points’ popularity stems from their ability to handle multiple devices while maintaining high performance. Wi-Fi 6 access points improve coverage, ensuring faster and more efficient data transfer. Their enhanced speed, capacity, and security make them indispensable in various settings. Mesh routers, however, are predicted to grow at the fastest pace. These routers create a seamless network across multiple nodes, ensuring optimal performance and faster speeds compared to traditional routers. The inclusion of smart home integration features also adds to their appeal. Commercial Use Segment Enterprises will account for the majority share of the Wi-Fi 6 market in 2024, driven by the growing number of connected devices in business environments. Wi-Fi 6 offers enhanced speeds, lower latency, and increased efficiency, making it ideal for enterprises. It supports applications such as video conferencing, streaming, and IoT devices while offering robust security and reliability. Consumers will experience higher growth, with the consumer segment benefiting from increased adoption of Wi-Fi 6 for smart home use. Wi-Fi 6 technology provides better performance, low
Global Wi-Fi 6 Market – 2016-2022 latency, and reduced bandwidth congestion, which are critical for improving the user experience with multiple connected devices. Applications Segment The consumer electronics segment is expected to dominate the applications category in 2024, representing over 32.0% of the market. Wi-Fi 6 technology is crucial for improving device performance, security, and battery life, especially in smartphones, laptops, and gaming consoles. Its fast speeds and reduced latency enhance the overall experience for users. Smart cities are projected to grow at the highest rate, driven by the need for seamless connectivity in city infrastructure. Wi-Fi 6 allows for real-time data transfer, smart traffic management, and better air quality monitoring. Its ability to provide efficient, secure, and energy- saving solutions is critical to smart city development. Geography Segment In 2024, North America will lead the market, accounting for over 60.0% of the global share. High internet adoption rates and government initiatives promoting Wi-Fi 6 are significant factors contributing to the region's leadership. The Asia-Pacific region is set to experience the fastest growth, with a CAGR exceeding 21.5%. The growing demand for high-speed internet, smart city developments, and increasing use of Wi- Fi 6 in businesses are driving this region's rapid growth trajectory. Key Players The key players operating in the Wi-Fi 6 market are Cisco Systems, Inc. (U.S.), Cypress Semiconductor Corporation (a part of Infineon Technologies AG) (U.S.), Aruba Networks (a part of Hewlett Packard Enterprise Company) (U.S.), D-Link Corporation (Taiwan), Marvell Technology, Inc. (U.S.), KAONMEDIA Co., Ltd. (Korea), Ruckus Wireless, Inc. (a part of Commscope Holding Company, Inc.) (U.S.), Cambium Networks Corporation (U.S.), Linksys Holdings, Inc. (U.S.), AsusTek Computer Inc. (Taiwan), TP-Link Corporation Limited (China), NETGEAR, Inc. (U.S.), Intel Corporation (U.S.), Huawei Technologies Co., Ltd. (a part OF Huawei Investment & Holding Co., Ltd.) (China), and Juniper Networks, Inc. (U.S.). To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/wifi-6-market-5238 Key Questions Answered in the Report: Page 1 of 3 © Meticulous Research| sales@meticulousresearch.com
Global Wi-Fi 6 Market – 2016-2022 • Which are the high-growth market segments in terms of device, commercial use, and application? • What is the historical market size for Wi-Fi 6 solutions globally? • What are the market forecasts and estimates for 2024–2031? • What are the major drivers, restraints, opportunities, challenges, and trends in the Wi-Fi 6 market? • Who are the major players in the Wi-Fi 6 market, and what are their market shares? • What is the competitive landscape like? • What are the recent developments in the Wi-Fi 6 market? • What are the growth strategies adopted by major market players? • What are the trends, and which are the high-growth countries? • Who are the local emerging players in the Wi-Fi 6 market, and how do they compete with the other players? Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 2 of 3 © Meticulous Research| sales@meticulousresearch.com