by A comprehensive study has been conducted to shed light on the multifaceted landscape of the global Wi-Fi 6 market and to explore the dynamics of its short-term growth within the specified time frame.
Rapid Expansion of Internet Users Drives Wi-Fi 6 Market Growth
Wi-Fi 6, formerly known as Wi-Fi 802.11ax, stands as a pioneering Wi-Fi standard poised to revolutionize speed and performance in the face of an increasingly wireless future teeming with numerous data-hungry devices. The Wi-Fi Alliance, the authority overseeing Wi-Fi technology standards, highlights four key advantages of Wi-Fi 6: enhanced transfer speeds to and from devices, heightened capacity for connected devices, improved performance in the presence of multiple connected devices, and reduced device battery consumption during use. Devices equipped with Wi-Fi 6 and connected to Wi-Fi 6 routers are expected to experience performance boosts of up to 40% compared to Wi-Fi 5 counterparts. With a surging demand for performance improvements, the global Wi-Fi 6 market is on an upward trajectory.
Products adhering to the Wi-Fi Certified 6 certification program offer an optimal wireless experience. Wi-Fi 6 elevates the standards by introducing 1024-QAM (quadrature amplitude modulation mode) compared to Wi-Fi 5s 256-QAM, providing significantly higher throughput for data-hungry devices. Coupled with 160MHz channels, MU-MIMO (multi-user, multiple input, multiple output), and transmit beamforming, Wi-Fi 6 ensures remarkable performance even when multiple users vie for bandwidth. The inclusion of orthogonal frequency division multiple access (OFDMA) for channel sharing further enhances overall performance, particularly during high data demand scenarios. While 5G caters to mobile devices, Wi-Fi 6 is primarily associated with home and office networks, a driving force behind the Wi-Fi 6 markets growth.
Wi-Fi 6 Market Surges with Telecom Service Provider Investments
The demand for Wi-Fi 6 and its services is set to rise in tandem with the increasing number of Internet users, a trend observed in recent years and expected to persist in the foreseeable future. The global surge in Internet users is attributed to the widespread adoption of smartphones and improved connectivity. Robust global Internet connectivity has created new economic opportunities for telecom service providers, who must now match the uptime, latency, and bandwidth of their competitors. To harness these newfound opportunities, telecom companies are making substantial investments in advanced Wi-Fi solutions that can provide the required connectivity bandwidth, security, and network reliability.
The world is witnessing a rapid surge in communication technology investments, with Ciscos Visual Networking Index projecting over 600 million Wi-Fi hotspots worldwide by 2023, marking a four-fold increase from 2018. The number of Wi-Fi 6 hotspots is expected to grow thirteen-fold between 2020 and 2023, potentially constituting 11% of all public Wi-Fi hotspots globally. The burgeoning demand for rapid Internet connections from end consumers, driven by increased MIMO (multiple-input, multiple-output) capabilities and high-speed data transmission, is anticipated to create significant demand for Wi-Fi 6 in public spaces such as stadiums and shopping malls, among others.
Continued Technological Advancements Propel Wi-Fi 6 Market Growth
In terms of value, indoor applications dominate the Wi-Fi 6 market. Wi-Fi technology has steadily gained popularity in recent years, making local area networks (LANs) the preferred choice for homes and businesses due to their wireless, cable-free operation, courtesy of technological advancements. Moreover, Wi-Fi has emerged as the standard technology for real-time location systems, overcoming the limitations of GPS in tracking assets within buildings. Wi-Fis ability to provide precise and accurate positioning, particularly in areas with multiple access points, is driving its adoption. Importantly, Wi-Fi positioning solutions require no additional hardware or ongoing infrastructure investments, making them a cost-effective choice for homes, offices, and other buildings, further fueling the growth of the Wi-Fi 6 market.
Significant Surge in Wi-Fi Usage Shapes the Long-term Growth in Asia Pacific
Asia Pacific currently stands as one of the largest consumers of Wi-Fi 6 and is poised to be the fastest-growing Wi-Fi 6 market in the coming years. China, in particular, has established a robust Wi-Fi 6 ecosystem and is expected to expand it further during the projected period. While the growth rate is expected to be moderate, Wi-Fi 6 technology is likely to serve as a hotspot and an alternative to existing mobile broadband solutions. China boasts one of the most extensive Wi-Fi 6 networks in the Asia-Pacific region, with the Ministry of Industry and Information Technology projecting the construction of over 600,000 Wi-Fi 6 base stations in 2021.
Crucial Role of Asian Governments in Wi-Fi 6 Market Expansion
Asian governments play a pivotal role in the growth of the Wi-Fi 6 market. China, in particular, is poised to experience rapid adoption of Wi-Fi 6, thanks to its robust consumer electronics industry and substantial investments. Japan has also taken strides in promoting smart cities, bolstered by a partnership with Cambodia and the introduction of Wi-Fi 6 mmWave technology. Indias ambitious PM-Wani project aims to roll out public Wi-Fi nationwide, connecting millions to the Internet. In South Korea, the creation of a national wireless Internet network for public buses has lowered communication costs and increased citizens access to information. These government-led initiatives are expected to significantly contribute to the expansion of the Wi-Fi 6 market.
Global Wi-Fi 6 Market: Competitive Landscape
The global Wi-Fi 6 market features a competitive landscape with prominent players such as Aruba Networks, Juniper Networks, Cisco Systems, NETGEAR, Intel Corporation, Huawei Technologies, Broadcom, Qualcomm Inc., NXP Semiconductors, Extreme Networks, Ubiquiti Networks, Fortinet Inc., AT&T, Cambium Networks, Alcatel-Lucent, D-Link Corporation, TP-Link, MediaTek, and Federated Wireless.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/wi-fi-6-market
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This press release first seen on Brilad
COMTEX_442320006/2840/2023-10-23T08:21:03
Julian Lopez is professor emeritus of finance, served as the founding academic affairs dean and founding chair of the finance department.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No journalist was involved in the writing and production of this article.