The global Wi-Fi 6 And Wi-Fi 6E Chipset Market size is estimated to reach USD 43.18 billion by 2028, registering a CAGR of 19.7% from 2021 to 2028, according to a new study by Grand View Research, Inc. Increasing bandwidth capacity demand among consumers and enterprises for providing support for smart devices is one of the key driving factors for the market growth.
Growing trends for e-learnings have augmented the
deployment of next-generation WLAN infrastructure across several universities,
schools, offices, and residents. Also, accessing the uninterrupted content
during online video streaming services has increased the installation of wi-fi
6 and wi-fi 6E devices across the globe. Resultantly, it is expected to propel
the wi-fi 6 and wi-fi 6E chipsets demand from 2021 to 2028.
With the evolution of industry 4.0., large and medium
manufacturers such Ford Motor Company, Ericsson, General Motors Company, and
BMW Group are significantly implementing new technologies to transform their
facilities into smart factories. A smart factory integrates various intelligent
devices such as IoT sensors, collaborative robots, wireless cameras, and
automated guided vehicles (AGV), and others. Providing seamless connectivity to
these devices requires next-generation infrastructure, which is expected to
accelerate the wi-fi 6 and wi-fi 6E devices adoption worldwide. Therefore, it
is anticipated to fuel their chipsets demand over the next seven years.
Wi-fi 6 and wi-fi 6E devices support multi-users
multi-input multi-output (MU-MIMO) communications. The technology can handle up
to 12 downstream and upstream data streams on different frequency bands, such
as 2.4GHz, 5GHz, and 6GHz. With the significant investments in building smart
cities globally, the next-generation wireless devices would play a vital role
in catering to the need for unified internet connectivity for the mass
population in public venues such as bus stands, railway stations, airports.
Thus, it is expected to bolster the market growth from 2021 to 2028.
Initially, in Q2 and Q3 of 2020, the outbreak of
COVID-19 has affected the overall production and supply of wi-fi 6 chipsets
globally. This was primarily due to the lockdown implemented by the federal
governments across key countries such as the U.S., the U.K., Germany, and China
and the temporary shutdown of manufacturing facilities and international
borders. However, latter Q3 of 2020, the national governments across key
countries provided relaxations in the lockdown and infused significantly to
recover the economic growth. Thus, it is foreseen to push the overall market
growth in the next seven years. Moreover, the robust investments in the
healthcare sector to build digitally advanced infrastructure is further
expected to drive the market growth.
Related Press Release@ Wi-Fi 6 And Wi-Fi 6E Chipset Market Report
Wi-Fi 6 And Wi-Fi 6E Chipset
Market Report Highlights
- In 2020, the WLAN infrastructure devices segment accounted for a
significant market volume, i.e., 393.6 million units, due to the rapidly
growing deployment of wi-fi 6 routers and gateways across residential,
commercial, and industrial applications
- In terms of value, the wi-fi 6E segment is projected to surpass the
total market size by 2028. The high growth is attributable to the extended
range of frequency band, i.e., 6GHz supporting capabilities, enabling
mission-critical applications such as connected vehicles
- In terms of volume, Asia Pacific dominated the market, accounting
for 376.5 million units in 2020. The significant share is ascribed to the
presence of many electronic manufacturing bases across key countries such
as China, Japan, South Korea, and others
- Rapidly rising spending in building digital infrastructure across
the healthcare sector, smart city projects, smart factories, and
corporates is projected to capture the U.S. market size of USD 14.3
billion by 2028
- Several prominent players across the globe are aggressively
focusing on mergers and acquisitions to strengthen their market presence
and expand the overall product offerings
- Prominent players in the market include Broadcom Inc.; Qualcomm
Technologies, Inc.; ON Semiconductor Connectivity Solutions, Inc.; Intel
Corporation; Celeno; MediaTek Inc.; Texas Instruments Incorporated;
Cypress Semiconductor Corporation; STMICROELECTRONICS N.V.; NXP
SEMICONDUCTORS N.V.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
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