Wi-Fi 6 is based on the IEEE 802.11ax standard, and it is a new generation of Wi-Fi technology. Wi-fi 6 offers the higher internet speed and also increases the speed of the network which helps in providing optimal throughput to access points. Wi-Fi 6 offers four times higher throughput capacity than Wi-Fi 5.
Wi-Fi 6 provides several added features such as higher battery efficiency in tablets, mobiles or IoT devices. Wi-Fi 6 is majorly used in large public venues (stadiums, or large public gatherings), IoT and smart city deployments, and in schools or universities where a large number of devices are connected to the Wi-Fi devices.
Factors Driving Growth of the Global Wi-Fi 6 Devices Market
The demand for Wi-Fi 6 devices is majorly attributed to the growing consumer electronics industry. The adoption of consumer electronics such as computers, laptops, tablets, and smartphones is also increasing at a rapid pace. Wi-Fi 6 has the capability to handle the traffic of smart devices such as laptops, smart phones, smart speakers, IoT devices, and crowd networks with massive new data flows. For instance, according to Indian Brand Equity Foundation, in 2017, the Indian appliance and consumer electronics market was valued at US$ 31.48 billion, and it is expected to reach US$ 48.37 billion by 2022. These factors are projected to facilitate demand for Wi-Fi 6 devices.
Additionally, the rising disposable income across the globe coupled with the increasing adoption of smart devices are other factors fuelling the growth of the Wi-Fi 6 devices market. Technological advancements, rapid development of the IT industry, and penetration of Internet of things are also driving the growth of the global Wi-Fi 6 devices market.
Regional Analysis of the Global Wi-Fi 6 Devices Market
On the basis of region, the global Wi-Fi 6 devices market is segmented into North America, Europe, Latin America, Asia Pacific, and Middle East and Africa.
In 2018, the North America region accounted for the largest share in the Wi-Fi 6 devices market and is expected to retain its dominant position over the forecast period owing to the presence of companies such as Google, Microsoft, and IBM. According to Coherent Market Insights analysis, the global IT industry is expected to reach US$ 5.18 trillion in 2020, and the U.S., which is the largest technological hub in the world, is expected to hold 31% of the total market share in 2020. These factors are expected to create lucrative opportunity for players operating the region.
Asia Pacific is also expected to witness significant growth during the forecast period. The growth in this region is mainly attributed to the rising adoption of cloud-based solutions and rising investments in technology in emerging economies such as India and China. For instance, according to Indian Brand Equity foundation, in May 2019, the Indian Ministry of Electronics and Information Technology (MeitY) launched the MeitY Startup Hub (MSH) portal.
Key Players in the Global Wi-Fi 6 Devices Market
Some of the key players operating in the global Wi-Fi 6 devices market include ALE International, Cisco Systems, Inc, Hewlett Packard Enterprise Development LP, Huawei Technologies Co, Intel Corporation, Killer, NETGEAR Inc., NXP Semiconductors, Qualcomm Technologies, Inc., and others.
Global Wi-Fi 6 Devices Market: Taxonomy
The global Wi-Fi 6 devices market is segmented on the basis of component, band type, end-use industry, and region.
- On the basis of component, the global Wi-Fi 6 devices market is segmented into:
- WLAN controllers
- Access points
- Support & Maintenance
- On the basis of band type, the global Wi-Fi 6 devices market is segmented into:
- Single Band
- Dual Band
- On the basis of end-use industry, the global Wi-Fi 6 devices market is segmented into:
- On the basis of region, the global Wi-Fi 6 Devices market is segmented into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa