GVR Report cover Wi-Fi 6 And Wi-Fi 6E Chipset Market Size, Share & Trends Report

Wi-Fi 6 And Wi-Fi 6E Chipset Market Size, Share & Trends Analysis Report By Chipset Type (Wi-Fi 6, Wi-Fi 6E), By Device Type, By Application, By Region, And Segment Forecasts, 2021 - 2028

  • Published Date: Sep, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-4-68038-334-8
  • Format: Electronic (PDF)
  • Historical Data: 2021 - 2028
  • Number of Pages: 150

Report Overview

The global wi-fi 6 and wi-fi 6E chipset market size was valued at USD 6.47 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 19.7% from 2021 to 2028. In terms of volume, the market was worth 968.3 million units in 2020. The growing need for enhanced network bandwidth and low latency communications across enterprises is estimated to drive market growth during the forecast period. The significantly increasing data traffic has accelerated the need for superior network connectivity across several verticals such as corporate, industrial, and others. Thus, it is expected to boost the installations for wi-fi6 and wi-fi6E devices and, subsequently, their chipsets demand in the next seven years.

North America Wi-Fi 6 And Wi-Fi 6E Chipset Market demand, by chipset type, 2019 - 2028 (Million Units)

In 2018, the wi-fi Alliance designated a new wireless network standard, i.e., 802.11ax, in collaboration with the Institute of Electrical and Electronics Engineers (IEEE), which was retitled as wi-fi6. The key advantage of wi-fi6 technology is using Orthogonal Frequency Division Multiple Access (OFDMA) technique that can help serve multiple devices with varied bandwidth capacity needs at the same time. Additionally, the multi-user multiple-input/multiple-output (MU MIMO) feature helps wi-fi6 devices to support up to 8 devices to transmit data concurrently using a dedicated line/device. The new wireless standard, i.e., wi-fi6 delivers target wake time (TWT) features that help end-users devices increase their battery life by over 50%. The TWT feature enables wake and sleep time for the client’s devices to fall under the Base Service Station (BSS) coloring range. The benefits of wi-fi6 and 6E technology over the legacy wireless standard are expected to push its adoption from 2021 to 2028 significantly.

Impact of COVID-19 Pandemic

Manufacturing factories are evolving significantly to improve their operational efficiency. The adoption of modern devices such as Augmented reality/ Virtual reality (AR/VR), wireless cameras, and collaborative robots are gaining momentum across manufacturing industries. To operate these devices seamlessly requires enhanced wireless network connectivity. Thus, it is expected to boost the adoption of wi-fi6 and 6E devices and their components over the next seven years. Moreover, rapidly rising trends of e-learning across universities and schools globally need unified network connectivity to deliver uninterrupted services. Thus, it is estimated to propel the global wi-fi6 and wi-fi6E chipset market growth in the coming years.

The ongoing spread of COVID-19 viruses has had an adverse effect on the wi-fi6 and wi-fi6E chipset production and demand across the global marketplace. Initially, in 2020, with the rapid spread of viruses, federal governments across key countries such as China, the U.S., Germany, Japan, and the U.K. enforced lockdown in their countries. Due to lockdown, several manufacturing facilities and international borders have been shut down temporarily. Thus, it had declined the overall wi-fi6 and 6E chipset production and supply in the global market. Therefore, it has hampered the overall market growth for a short time.

However, as the COVID-19 cases across the above-mentioned countries start declining, federal governments relaxed the lockdown norms. Therefore, in Q3 of 2020, manufacturing facilities have been resumed with reduced labor capacity to minimize the spread of the virus. Additionally, the outbreak has forced enterprises to provide their employees with work from facilities. Besides, universities and schools encouraged an e-learning environment. Therefore, it is expected to raise the overall market growth in the forthcoming years.

Chipset Type Insights

In terms of value, the wi-fi6 segment accounted for a market share of more than 90% in 2020. On the other hand, the wi-fi6E segment is projected to attain a market volume of nearly 4 billion units by 2028, exhibiting at a CAGR of 40.9% from 2021 to 2028.  The significant growth is attributable to its growing demand for high-performance network connectivity, allowing multi-users access simultaneously at constant bandwidth capacity. The wi-fi6 segment is expected to see considerable growth due to the high bandwidth needs for mass population a single time, where it needs to handle network congestion due to heavy network load.

Rapidly growing demand for modern devices with the supporting capability of new wireless frequency bands such as 2.4GHz, 5GHz, and 6GHz is further expected to accelerate the adoption of wi-fi6 chipsets. Additionally, offering BSS coloring features in wi-fi6 technology would enhance the network reliability in a very dense ecosystem by enabling frames from neighbor’s network. These frames assist in minimizing network interference from other networks and boost network speed. Resultantly, it is anticipated to witness a massive demand across residential, commercial, and industrial applications.

Device Type Insights

In terms of value, the WLAN infrastructure devices captured a market share of 40.8% in 2020. The high market share is attributable to the soaring demand for wi-fi6 & 6E chipsets to assemble into next-generation routers, gateways, repeaters, and extenders. A robust surge in need for enhanced bandwidth capacity across enterprise customers is expected to ascend the global deployment of wi-fi6 access points/routers. Furthermore, a high focus on providing superior client services and experience through fueling network bandwidth capacity is estimated to increase the adoption of next-generation WLAN infrastructure. Subsequently, it is likely to increase the wi-fi6 & 6E chipsets demand for WLAN devices.

The introduction of new wireless standards has driven its demand to integrate with new consumers devices such as smartphones, laptops, and AR/VR headsets. The new wi-fi6 technology enables consumer devices to support several new use cases. These use cases mainly encompass cloud-based gaming, 4K/Ultra-High Definition (UHD) videos, and seamless video conferencing. Thus, the significantly growing consumers’ spending on new and advanced technologies is envisioned to augment the wi-fi6 chipsets demand for consumer devices.

Application Insights

In terms of value, the commercial segment accounted for a significant market share of 38.2% in 2020. In terms of volume, the enterprises/corporates segment is projected to attain more than 1 billion units wi-fi6 &wi-fi6E chipsets by 2028, expanding at a CAGR of 22.1% from 2021 to 2028. The high growth is attributable to the rapidly increasing demand for superior wireless connectivity across corporate offices. Nowadays, corporate employees are collaborating with their clients and co-workers through video meetings, learning via streaming videos, and hosting numerous cloud applications. This requires high-speed internet connectivity and thereby raises the adoption of wi-fi6 and wi-fi6E routers, and wifi-6 enabled end-user devices such as laptops. Resultantly, it is expected to increase the chipsets demand over the forecast period.

Global Wi-Fi 6 and Wi-Fi 6E Chipset Market share, by application, 2020 (%)

Rapidly evolving Internet of Things (IoT) devices have raised their adoption across several industry verticals, including healthcare, manufacturing, smart city, and public sector, among others. According to GVR analysis 2021, the number of IoT connections is expected to exceed 30 billion by 2028. A notable rise in IoT connections would need high internet speed to function and communicate seamlessly. Therefore, the deployment for wi-fi6 and wi-fi6E devices is expected to witness a massive growth over the forecast period. Consequently, it is anticipated to fuel its chipsets demand.

Regional Insights

In terms of value, Asia Pacific held the largest market share of 38.9% in 2020. This is attributable to the substantial rise in the investments in developing wi-fi6 and wi-fi6E chipsets-enabled smartphones, routers, and laptops, among others. These devices support next-generation wireless frequency bands and deliver a unified network experience. The presence of prominent wi-fi6 & 6E chipsets manufacturing facilities across key countries such as China, Japan, South Korea, and Singapore is expected to help the Asia Pacific market to expand at a CAGR of 21.6% from 2021 to 2028.

In the U.S., the market is estimated to grab a significant share in 2020. The U.S. is showcasing notable investments in implementing smart industries, constructing smart homes, and rolling out smart cities. On the other hand, the inclination for high graphics online/cloud gaming is flourishing among the consumers in the U.S. In addition, the country is emerging as an early adopter of self-driving cars and smart transportation infrastructure. These developments are expected to drive the demand for wi-fi6 and wi-fi6E chipset components in the U.S. from 2021 to 2028.

Moreover, due to the ongoing COVID-19 pandemic, several countries such as the U.S., China, Japan, the U.K., and Germany, among others, are aggressively spending in building digital healthcare infrastructure. This would assist in telemedicine, remote diagnostics & surgery, and remote patient monitoring services. This, in turn, is expected to see a considerable growth of the hospital segment from 2021 to 2028.

Key Companies & Market Share Insights

Key manufacturers are strategically focused on collaborating with end-use clients such as smartphone manufacturers to supply the wi-fi6 chipsets. For instance, in Jan 2020, Broadcom Inc. made a partnership and agreement with Apple Inc. The strategic partnership aimed at providing Broadcom Inc.’s wi-fi6 chipsets for Apple Inc.’s smartphones, laptops, and iPads. The chipset’s supply deal was worth USD 15 billion. In addition to Apple Inc., Broadcom Inc. supplies the wi-fi6 chipsets to Samsung smartphones such as Galaxy 10 and Galaxy Note 10. Broadcom Inc. has supplied exceeding 150 million wi-fi6 chipsets to Samsung till Feb 2020.

Moreover, few prominent players are concentrating on mergers and acquisitions to expand their product portfolios and market presence. For instance, in May 2019, NXP Semiconductors acquired Marvell’s wireless connectivity portfolio, worth USD 1.76 billion. The strategic acquisition consists of Marvell’s Bluetooth and wi-fi(including wi-fi6) technology portfolio and associated assets. Additionally, the acquisition would help NXP expand its wi-fi6 chipset offerings across key application areas, including industrial, IoT, automotive, and others. Some of the prominent players operating in the global Wi-Fi6 and Wi-Fi 6E chipset market are:

  • 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.

  • Others

Wi-fi 6 and Wi-fi 6E Chipset Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 12.28 billion

Revenue forecast in 2028

USD 43.18 billion

Value growth rate

CAGR of 19.7% from 2021 to 2028

Base year for estimation

2020

Forecast period

2021 - 2028

Quantitative units

Revenue in USD Million, Volume in Million Units, and CAGR from 2021 to 2028

Report coverage

Revenue forecast, volume forecast, company share analysis, competitive landscape, growth factors, and trends

Segments covered

Chipset type, device type, application, region

Regional scope

North America; Europe; Asia Pacific; South America; MEA

Country scope

U.S.; Canada; Mexico; U.K.; Germany; France; Italy; China; Japan; India; Singapore; Brazil

Key companies profiled

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.

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Segments Covered in the Report

This report forecasts revenue and volume growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the segment and sub-segment from 2019 to 2028. For this study, Grand View Research has segmented the global Wi-Fi 6 and Wi-Fi 6E chipset market report based on chipset type, device type, application, and region:

  • Chipset Type Outlook (Volume, Million Units; Revenue, USD Million, 2019 - 2028)

    • Wi-Fi 6

    • Wi-Fi 6E

  • Device Type Outlook (Volume, Million Units; Revenue, USD Million, 2019 - 2028)

    • WLAN Infrastructure Devices

    • Consumer Devices

      • Smartphones/Tablets

      • Desktops/Laptops

      • AR/VR and Wearables

      • Smart Home Devices

      • Others

    • Wireless Cameras

    • Industrial IoT Devices

    • Connected Vehicles

    • Drones

    • Others

  • Application Outlook (Volume, Million Units; Revenue, USD Million, 2019 - 2028)

    • Residential/Consumer

    • Commercial

      • Enterprises/Corporates

        • Airports

        • Stadiums

        • Malls/Shops

        • Hospitals

        • Hotels & Restaurants

        • Educational Campuses

        • Others

      • Industrial

        • Smart Manufacturing

        • Energy & Utility

        • Oil & Gas and Mining

      • Smart City

      • Transportation & Logistics

      • Government & Defense

      • Others

  • Regional Outlook (Volume, Million Units; Revenue, USD Million, 2019 - 2028)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • U.K.

      • Germany

      • France

    • Asia Pacific

      • China

      • India

      • Japan

      • Singapore

    • South America

      • Brazil

    • Middle East & Africa (MEA)

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