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Wi-Fi 6E Devices Market Overview:
Wi-Fi 6E Devices Market size is estimated to reach $7.96 billion by 2030, growing at a CAGR of 18.7% during the forecast period 2023-2030. One of the major drivers of the Wi-Fi 6E market is the increasing number of devices that require wireless connectivity. This acts as a major driver which is propelling the Wi-Fi 6E Devices Market growth.
Additionally, with more and more devices competing for bandwidth, the need for faster and more reliable Wi-Fi has become critical. As of 2022, it was estimated that there are more than 13 billion devices that are using wireless connectivity worldwide, and this number is expected to grow significantly in the coming years.With the increasing adoption of wireless technology and the growing number of internet-connected devices, the demand for Wi-Fi 6E devices is also expected to increase. These factors positively influence the Wi-Fi 6E Devices industry outlook during the forecast period.
Market Snapshot:
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Wi-Fi 6E Devices Market - Report Coverage:
The “Wi-Fi 6E Devices Market Report - Forecast (2023-2030)” by IndustryARC, covers an in- depth analysis of the following segments in the Wi-Fi 6E Devices Market.
COVID-19 / Ukraine Crisis - Impact Analysis:
● The COVID-19 pandemic has had a significant impact on the Wi-Fi 6E devices market, as it has disrupted global supply chains, led to changes in consumer behavior, and shifted the focus towards remote work and learning.Despite the challenges during the pandemic, leading company Cisco has clocked $2 Billion more in revenue in 2022 compared to 2021 and that demand for Wi-Fi routers is expected to remain strong in the coming years as remote work and learning become more prevalent.
● The disruption in the supply of raw materials, components, or finished products due to Russia-Ukraine conflict impact production and sales of Wi-Fi 6E devices in the domestic market. Additionally, economic instability affected consumer purchasing power and demand for high-end technology products, including Wi-Fi 6E devices.
Key Takeaways:
● Asia Pacific owns
the largest share
According to the Wi-Fi 6E Devices market global analysis, Asia Pacific region owns the largest market share of 43% in 2022. One of the main reasons is the rapid adoption of new technologies in countries such as China, Japan, South Korea, and India. These countries have large populations and a high demand for faster and more reliable wireless connectivity. In addition, the Asia Pacific region is home to many leading technology companies such as Huawei, Samsung, and Xiaomi, which are driving innovation in the Wi-Fi 6E Devices market.
● Smart home
devices are propelling the market growth
According to the Wi-Fi 6E Devices Market forecast, smart home devices segment is expected to grow with a CAGR of 19.4% during the forecast period. With the increase in the number of smart home devices, the demand for faster and more reliable wireless connectivity has been increasing. This has led to a significant growth in the market for WiFi 6E devices. According to forbes, in 2022 the average number of smart home devices per household in the United States is approximately 20.
● Emerging
applications for Wi-Fi 6E is driving the market
The market is experiencing a surge due to the rise of Wi-Fi 6E, which is creating opportunities for various emerging applications. Wi-Fi 6E has the potential to revolutionize industries like augmented and virtual reality, industrial IoT, smart cities, and online gaming. In particular, the online gaming sector heavily relies on seamless data transfer, demanding fast and low-latency wireless connectivity for an immersive and responsive gameplay experience. Wi-Fi 6E's high-bandwidth and low-latency capabilities make it an ideal solution for meeting the requirements of the gaming industry.
●
Cost of upgrading existing infrastructure
pose a challenge
Upgrading existing Wi-Fi infrastructure to support Wi-Fi 6E can be expensive for businesses and individuals. This is because it often requires replacing existing routers, access points, and client devices with new hardware that supports Wi-Fi 6E.Additionally, some existing infrastructure may not be compatible with Wi-Fi 6E, requiring a complete overhaul of the network.
Key Market Players:
Product/Service
launches, approvals, patents and events, acquisitions, partnerships and
collaborations are key strategies adopted by players in the Wi-Fi 6E Devices
Market. The top 10 companies in this industry are listed below:
- Cisco Systems Inc. (Cisco Meraki, Cisco Catalyst, Cisco Aironet, Linksys)
- Huawei Technologies Co. Ltd. (Huawei WiFi AX3, Huawei WiFi Q2 Pro)
- Netgear Inc.(Orbi, Nighthawk, Insight, Armor)
- Dell Technologies Inc. (Dell Latitude, Dell XPS, Dell Precision, Alienware)
- AsusTek Computer Inc. (Asus ROG Rapture, Asus ZenWiFi AX)
- Broadcom Inc.(Broadcom Max WiFi, Broadcom Wi-Fi 6, Broadcom 5G WiFi)
- TP-Link Technologies Co. Ltd.(TP-Link Archer, TP-Link Deco)
- Hewlett Packard Enterprise Development LP(Aruba, HPE ProCurve)
- Intel Corporation(Intel Wi-Fi 6, Intel Wi-Fi 6E, Intel Tri-Band Wi-Fi, Intel Xeon)
- Mojo Networks Inc.
Scope of the Report:
Wi-Fi 6E Devices Market is projected to grow at 18.7% CAGR during the forecast period 2023-2030.
Wi-Fi 6E Devices Market size is estimated to be $2.39 billion in 2023 and is projected to reach $7.96 billion by 2030
The leading players in the Wi-Fi 6E Devices Market are Cisco Systems Inc., Huawei Technologies Co. Ltd., Netgear Inc., Dell Technologies Inc., AsusTek Computer Inc and others.
Growing adoption of smart homes and growing popularity of gaming and streaming services are some of the major Wi-Fi 6E Devices Market trends in the industry which will create growth opportunities for the market during the forecast period.
Increasing demand for high-speed internet and Increasing focus on security of the network are the driving factors of the market.