The global Wi-Fi 6, Wi-Fi 6E, And Wi-Fi 7 Chipset Market size is expected to reach USD 80.8 billion by 2030, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 17.3% from 2022 to 2030. The growing demand for bandwidth capacity among consumers and enterprises for providing support for smart devices is one of the key factors driving the global market.
Increasing trends of e-learning techniques have
expanded the deployment of next-generation wireless network infrastructure
across several schools, universities, offices, and residents. In addition,
accessing undisturbed content during online video streaming services has
increased the need and demand for installing wi-fi 6, wi-fi 6E, and wi-fi 7
devices across the globe. Therefore, the increasing adoption of e-learning is
expected to fuel the wi-fi 6, wi-fi 6E, and wi-fi 7 chipsets demand from 2022
to 2030.
With the evolution of industry 4.0., manufacturers
from various industry verticals such as General Motors Company, BMW Group, Ford
Motor Company, Volkswagen Group, and Toyota Group are implementing advanced
technologies to transform their manufacturing facilities into smart and
intelligent factories. A smart factory integrates numerous intelligent devices
such as collaborative robots, IoT sensors, wireless cameras, and automated
guided vehicles (AGV) to achieve self-adapting manufacturing capabilities.
Providing seamless connectivity to these devices requires next-generation
infrastructure, which is expected to accelerate the adoption of wi-fi 6 and
wi-fi 6E devices worldwide. Therefore, it is anticipated to fuel the demand for
chipsets over the next seven years.
Wi-fi 6, wi-fi 6E, and wi-fi 7 devices support
multi-user, multi-input multi-output communications (MU-MIMO). The wi-fi 6 and
6E technology operates on the 6GHz band that can handle up to 12 upstream and
downstream data streams on various frequency bands, such as 5GHz, 2.4GHz, and
6GHz. The wi-fi 7 technology using its 320MHz channel provides a high-speed
advantage as compared to wi-fi 6 and 6E technology. With the notable investment
opportunities in the smart cities globally, the next-generation wi-fi chipset-enabled
devices would play a pivotal role in catering to the growing need for
integrated internet connectivity for the mass population situated in public
venues such as railway stations, bus stands, and airports. Thus, it is expected
to bolster global market growth from 2022 to 2030.
Initially, in the 1st and 3rd quarters of 2020, the
COVID-19 outbreak affected the production and supply chains for the wi-fi
chipsets globally. The primary reason for this is the lockdown implemented by
the governments across key countries such as the U.K., the U.S., Germany, and
China. These lockdowns have forced the companies to temporarily shut down their
manufacturing facilities and initiated restrictions on international travel.
However, in the latter Q3 of 2020, the governments across many countries have
provided certain relaxations in the lockdown, which has helped companies
significantly recover the economic losses that happened during the Covid-19
times. Thus, it is expected to increase the overall market growth in the next
seven years. Moreover, the high investments in the healthcare industry to
create digitally advanced network infrastructure is further expected to drive
the global market.
Related Press Release@ Wi-Fi 6, Wi-Fi 6E, And Wi-Fi 7 Chipset Market Report
Wi-Fi 6, Wi-Fi 6E, And Wi-Fi 7
Chipset Market Report Highlights
- By device type, the WLAN infrastructure devices segment dominated
the overall market with a revenue share of more than 40.0% in 2021.
Increasing deployment of Wi-Fi 6 gateways and routers in commercial,
residential, and industrial applications propelled the segment growth
- The Wi-Fi 7 chipset type segment uses a 4K QAM modulation scheme to
increase the throughput value, fuelling the market growth over the
forecast period. The Wi-Fi 7 chipset features flexible channel
utilization, minimizing the network's interference and enhancing
connectivity
- Based on volume, Asia Pacific held the largest share of over 35.0%
in 2021 owing to the proliferation of smart devices across the region.
Moreover, the availability of major electronic manufacturing bases in
Japan, China, and South Korea is anticipated to fuel market growth
- Increased spending on the deployment of digital infrastructure in
the healthcare sector, rising smart city, and smart factory projects have
propelled the growth of Wi-Fi chipsets in the U.S.
- Several key players operating in the market across the globe are
mainly focusing on acquisitions, mergers, and collaborations to strengthen
their market presence and expand the overall product offerings
About Us:
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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