Wi-Fi 6 Market: Latest Trends, Technological Advancements, Driving Factors, and Forecast until 2028
The size of the global Wi-Fi 6 market is expected to increase at a Compound Annual Growth Rate (CAGR) of 29.3%, from USD 5.7 billion in 2023 to USD 20.9 billion by 2028. As more people utilize the internet, there will likely be a greater need for Wi-Fi 6 and its services, which will propel market expansion. Higher data rates and network capacity are also in high demand due to the exponential expansion of connected devices and data-intensive applications in commercial settings. With its increased performance and efficiency, Wi-Fi 6 can handle these growing data demands.
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By Application, HD video streaming and video conferencing segment is estimated to account for the largest market share in 2023.
Wi-Fi 6 is used in video streaming to deliver video content to users over the internet. Wireless technology allows devices to communicate with each other without the need for a physical connection. Wi-Fi is a wireless technology that uses radio waves to transmit data. Wi-Fi 6 is essential for video streaming because it enables users to watch video content on any device with an internet connection. This includes smartphones, tablets, laptops, and smart TVs.
By Hardware, system on chip is expected to register the fastest growth rate during the forecast period.
A Wi-Fi System-on-Chip is a single chip that integrates all the necessary components for a Wi-Fi device. This includes the Wi-Fi radio, processor, memory, and other components. Wi-Fi SoCs enable a more compact and efficient design and improved performance and power efficiency. They are used in a variety of devices, such as smartphones, tablets, laptops, and smart home devices.
Asia Pacific is expected to have the highest growth rate
Businesses in the Asia Pacific region, particularly in industries like IT, telecom, retail, and healthcare, are showing strong optimism and awareness about the benefits of Wi-Fi 6. This positive attitude contributes to the region’s growth of the Wi-Fi 6 industry, with more commercial clients adopting reliable Wi-Fi 6 solutions and services. The advancements in technology in the Asia Pacific region, combined with the increasing trend of using Wi-Fi solutions, are expected to bring further benefits to the Wi-Fi market. Several countries in the region, including China, Japan, South Korea, and Australia, have designated a spectrum for Wi-Fi 6 use, enabling wireless service providers to offer faster speeds and better performance to their customers by rolling out Wi-Fi 6 networks.
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Unique Features in the Wi-Fi 6 Market
Wi-Fi 6 offers theoretical speeds up to 9.6 Gbps, a significant jump from Wi-Fi 5’s 3.5 Gbps. However, the real-world advantage comes from increased efficiency rather than just speed. Wi-Fi 6 can handle more devices simultaneously with consistent throughput, making it ideal for environments with high device density such as offices, stadiums, and smart homes.
OFDMA is a game-changing feature that allows routers to divide channels into smaller sub-channels and serve multiple devices at once. Unlike earlier generations that had to serve one device at a time per channel, this greatly improves latency and efficiency, especially in environments with many low-bandwidth devices like IoT sensors and smart appliances.
This feature is particularly beneficial in the IoT market. TWT allows devices to schedule check-ins with the router, reducing power consumption by allowing devices to “sleep” when not in use. This extends the battery life of smart devices and sensors, a critical advantage for home automation and industrial applications.
While MU-MIMO was introduced in Wi-Fi 5, Wi-Fi 6 enhances it by supporting up to 8 simultaneous streams, both in download and upload directions. This supports heavy bandwidth tasks like 4K/8K video streaming, online gaming, and AR/VR applications, appealing to both enterprise users and home entertainment markets.
Major Highlights of the Wi-Fi 6 Market
The Wi-Fi 6 market has witnessed rapid adoption across both consumer and enterprise segments. Driven by the growing need for higher-speed internet and more reliable connectivity, Wi-Fi 6 is now becoming a standard feature in new routers, smartphones, laptops, and IoT devices. The market has seen a notable surge in shipments of Wi-Fi 6-enabled devices, with global penetration expected to surpass Wi-Fi 5 within a few years.
Wi-Fi 6 is specifically designed to thrive in high-density environments such as smart homes, offices, airports, and stadiums. The technology’s ability to support more simultaneous device connections with lower latency has led to its rapid uptake in educational campuses, healthcare facilities, and retail spaces. This shift is particularly relevant in the post-pandemic world, where hybrid work and digital learning have become the norm.
As the number of connected devices continues to grow, Wi-Fi 6 is emerging as a critical enabler for smart infrastructure. Its power-saving features like Target Wake Time (TWT) and enhanced device coordination make it ideal for IoT ecosystems. This has fueled its adoption in smart homes, factories, and cities, where energy efficiency and seamless connectivity are essential.
The convergence of Wi-Fi 6 with emerging technologies like 5G and edge computing is reshaping enterprise networking. Wi-Fi 6 complements 5G by offering high-speed, low-latency indoor connectivity, while edge computing benefits from its capacity to support fast, local data processing. This synergy is accelerating deployment in sectors such as manufacturing, logistics, and telemedicine.
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Top Companies in the Wi-Fi 6 Market
The major vendors covered in the Wi-Fi 6 market include Cisco Systems Inc. (US), Qualcomm Technologies Inc. (US), Broadcom Inc (US), Intel Corporation (US), Huawei technologies (China), NETGEAR Inc (US), Juniper Networks Inc (US), Extreme Networks Inc. (US), Ubiquiti Inc. (US), Fortinet Inc. (US), Aruba Networks (US), NXP Semiconductors (Netherlands), AT&T (US), D–Link Corporation (Taiwan), Alcatel Lucent Enterprise (France), TP–Link Corporation Limited (China), MediaTek Inc. (Taiwan), Telstra (Australia), Murata Manufacturing Co., Ltd. (Japan), Sterlite Technologies Limited (India), Renesas Electronics (Japan), H3C Technologies Co., Ltd. (China), Keysight Technologies (US), LitePoint (US), Rohde & Schwarz (Germany), Cambium Networks, Ltd. (US), Senscomm Semiconductors Co., Ltd. (China), XUNISON (Ireland), Redway Networks Ltd. Company (England), VSORA SAS (France), WILUS Inc. (South Korea), Federated Wireless, Inc. (US), Actiontec Electronics (US), ADB Global (Switzerland), SDMC Technology (China), and Edgewater Wireless (Canada).
Cisco
Cisco specializes in designing and selling a broad range of technologies that power the internet. The company offers its products and technologies into the following categories: secure, agile networks; internet for the future; collaboration; end-to-end security; optimized application experiences; and other products. Also, it provides a broad range of service offerings, consisting of technical support and advanced services. It provides services to businesses of all sizes, public institutions, governments, and service providers, including large web-scale providers. The company also provides comprehensive advisory services focused on responsive, preventive, and consultative support of technologies for specific networking needs. It also offers support and maintenance services to help the customers ensure their products operate efficiently, remain available, and benefit from the most up-to-date system and application software. The services offered by the company help customers to protect their network investments, manage risk, and minimize downtime for systems running mission-critical applications. Cisco Meraki offers cloud-managed wireless solutions and services as its products in the global Wi-Fi 6 market. The company’s customers primarily operate in the following markets: enterprise, commercial, service provider, and public sector. It conducts business globally and has a presence across the Americas, Europe, Middle East, and Africa (EMEA), and Asia Pacific, Japan, and China (APJC).
QUALCOMM
Qualcomm is a global leader in developing and commercializing foundational technologies for the wireless industry. The technologies and products are used in mobile devices and other wireless products. They are sold across industries and applications beyond mobile handsets, including automotive and the Internet of Things (IoT) (which includes the industries and applications of consumer, industrial, and edge networking). The company’s inventions have helped power the growth of smartphones, which have connected billions of people. Qualcomm is a leader in 3G (third generation), 4G (fourth generation), and 5G (fifth generation) wireless technologies. Most 5G devices include multimode support for 3G, 4G, and Wi-Fi 6 technologies, enabling service continuity. They also allow mobile operators to utilize existing 3G and 4G network infrastructure, enabling them to roll out 5G services over time while helping maximize previous-generation equipment investments.
Broadcom Inc. (US)
Broadcom Inc. is a global technology company headquartered in San Jose, California, that designs and supplies semiconductor and infrastructure software solutions. Founded in 1961, Broadcom’s products include semiconductor devices for data center networking, broadband, wireless communications, and infrastructure software. It is one of the largest semiconductor companies worldwide, known for innovations in Wi-Fi, Bluetooth, and broadband modems.
Intel Corporation (US)
Intel Corporation, founded in 1968 and based in Santa Clara, California, is a leading multinational technology company renowned for its semiconductor products. Intel is pivotal in the design and manufacture of microprocessors and chips for personal computers and data centers. Its extensive product range includes microprocessors, chipsets, and integrated graphics. As a key player in the PC and data center markets, Intel is one of the most influential semiconductor manufacturers globally.
Huawei Technologies (China)
Huawei Technologies, established in 1987 and headquartered in Shenzhen, Guangdong, is a Chinese multinational technology company specializing in telecommunications equipment and consumer electronics. Huawei’s products range from mobile and fixed broadband networks to smartphones, tablets, and wearable devices, with significant involvement in the 5G infrastructure market. It is among the largest global manufacturers of telecommunications equipment and a leading smartphone producer.
NETGEAR Inc. (US)
NETGEAR Inc., founded in 1996 and based in San Jose, California, is a multinational company known for its networking hardware. NETGEAR produces Wi-Fi routers, range extenders, switches, network-attached storage, and security cameras. The company is well-regarded for its Orbi Wi-Fi systems and Nighthawk routers, catering to home and small business networking needs with a broad product range.
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