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, 2022 - 2030

  • Published Date: May 2022
  • Report ID: GVR-4-68038-334-8
  • Number of Pages: 150
  • Format: Electronic (PDF)
  • Historical Data: 2019 - 2020

Report Overview

The global Wi-Fi 6 And Wi-Fi 6E chipset market size was valued at USD 12.29 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 13.8% from 2022 to 2030. The global market demand was 1,852.9 million units in 2021. The growing need for enhanced network low latency and bandwidth communications across enterprises is estimated to drive the market during the forecast period. The significantly increasing data traffic has accelerated the need for superior network connectivity across several verticals such as corporate and industrial. Thus, it is expected to boost the installations of wi-fi 6 and 6E devices and subsequently increase the demand for their chipsets in the next seven years.

North America wi-fi 6 and wi-fi 6E chipset market demand, by chipset type, 2020 - 2030 (Million Units)

In 2020, Broadcom Inc. unveiled the BCM4389, the world debut of the Wi-Fi 6E customer device. The device expands the Wi-Fi 6 level to accommodate the about-to-be-workable 6 GHz band alongside broader 160 MHz channel bandwidths, doubling the speeds and cutting latency in half when compared to the previous device. The BCM4389 offers real-world rates of over 2 Gbps and up to 5 times better battery consumption, making it an excellent choice for future Augmented Reality/ Virtual Reality (AR/VR) devices and flagship smartphones. The benefits of the new chipset technology over the legacy wireless standard are expected to significantly push its adoption from 2022 to 2030.

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 is gaining momentum across the manufacturing industries. The operation of these devices seamlessly requires enhanced wireless network connectivity. Thus, it is expected to boost the adoption of Wi-Fi 6 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-Fi chipset market growth over the coming years.

Impact of COVID-19 Pandemic

The ongoing spread of COVID-19 viruses has had an adverse effect on the Wi-Fi 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 the lockdown, several manufacturing facilities and international borders have been shut down temporarily. Thus, it had declined the overall 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 2021, manufacturing facilities have been resumed with reduced labor capacity to minimize the spread of the virus.

According to research, Wi-Fi 6, the most recent generation of wireless standards, is experiencing widespread adoption in businesses across all industries. The Wireless Broadband Alliance's (WBA) 2022 annual market report and a recent network modernization research by Enterprise Strategy Group, a part of TechTarget, predicted widespread adoption of Wi-Fi 6 by 2022. 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-fi 6 segment accounted for a share of more than 80.0% in 2021. The wi-fi 6E segment demand is projected to be more than 7 billion units by 2030. The significant growth is attributed to the growing demand for high-performance network connectivity, allowing multi-users access simultaneously at constant bandwidth capacity. This segment is expected to witness considerable growth due to the high bandwidth needs of the mass population, 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-Fi 6 chipsets. Additionally, offering BSS coloring features in the chipset technology would enhance the network reliability in a very dense ecosystem by enabling frames from the 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 share of over 40.0% in 2021. This is attributed to the soaring demand for chipsets to assemble into next-generation routers, gateways, repeaters, and extenders. A robust surge in the need for enhanced bandwidth capacity across enterprise customers is expected to ascend the global deployment of Wi-Fi 6 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 6 and 6E chipsets demand for these WLAN devices.

The introduction of new wireless standards has driven the demand for wi-fi 6 and 6E chipsets to integrate with new consumers’ devices such as smartphones, laptops, and AR/VR headsets. The new chipset 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-fi 6 chipsets demand for consumer devices.

Application Insights

In terms of value, the commercial segment accounted for a share of over 35.0% in 2021. The enterprises/corporates segment demand is projected to be more than 1 billion units by 2030. The high growth is attributed 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 6 and 6E routers and wifi-6 enabled end-user devices such as laptops. Resultantly, it is expected to increase the demand for chipsets over the forecast period.

Global wi-fi 6 and wi-fi 6E chipset market share, by application, 2021 (%)

The rapidly evolving Internet of Things (IoT) devices have raised the adoption of Wi-Fi 6 and 6E chipsets across several industry verticals, including healthcare, manufacturing, smart city, and the public sector. According to GVR analysis 2022, the number of IoT connections is expected to exceed 4 billion by 2030. A notable rise in IoT connections would need high internet speed to function and communicate seamlessly. Therefore, the deployment of 6 and 6E devices is expected to witness massive growth over the forecast period. Consequently, it is anticipated to fuel the demand for chipsets.

Regional Insights

In terms of volume, Asia Pacific held the largest share of over 35.0% in 2021. This is attributed to the substantial rise in the investments in developing wi-fi 6 and 6E 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-fi 6 and 6E chipsets manufacturing facilities across key countries such as China, Japan, South Korea, and Singapore is expected to help the Asia Pacific market to grow at a significant rate from 2022 to 2030.

In the U.S., the market grabbed a significant share in 2021. 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 toward 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-fi 6 and 6E chipset components in the U.S. from 2022 to 2030.

Moreover, due to the ongoing COVID-19 pandemic, several countries such as the U.S., China, Japan, the U.K., and Germany are aggressively spending on building digital healthcare infrastructure. This would assist in telemedicine, remote diagnostics and surgery, and remote patient monitoring services. This, in turn, is expected to fuel the growth of the hospital segment from 2022 to 2030.

Key Companies & Market Share Insights

Key manufacturers are strategically focused on collaborating with end-use clients such as smartphone manufacturers in order to supply the wi-fi 6 chipsets. For instance, in 2021, Cisco and Apple collaborated on Wi-Fi 6 to improve Wi-Fi uplink performance for real-time interactive video and audio apps like FaceTime and Webex. The partnership produced the 'Fastlane+' feature, which modifies Wi-Fi protocols just enough to enable uplink scheduling far more efficiently. In Jan 2021, Broadcom Inc. made a partnership and agreement with Apple Inc. The strategic partnership aimed at providing Broadcom Inc.’s wi-fi 6 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-fi 6 chipsets to Samsung smartphones such as Galaxy 10 and Galaxy Note 10. Broadcom Inc. has supplied exceeding 150 million wi-fi 6 chipsets to Samsung till Feb 2021.

Moreover, few prominent players are focusing on mergers and acquisitions to expand their product portfolios and market presence. For instance, in May 2021, 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-fi 6) technology portfolio and associated assets. Additionally, the acquisition would help NXP expand its wi-fi 6 chipset offerings across key application areas, including industrial, IoT, and automotive. Some prominent players in the global wi-fi 6 and wi-fi 6E chipset 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.

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

Report Attribute

Details

Market size value in 2022

USD 22.55 billion

Revenue forecast in 2030

USD 63.25 billion

Value growth rate

CAGR of 13.8% from 2022 to 2030

Market demand in 2022

3,431.7 million units

Volume forecast in 2030

11,617.8 million units

Volume growth rate

CAGR of 16.5% from 2022 to 2030

Base year for estimation

2020

Historical data

2019 - 2020

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million/billion, volume in million units, and CAGR from 2022 to 2030

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; 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 and opportunities in each of the sub-segments from 2021 to 2030. For the purpose of 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, 2021 - 2030)

    • Wi-Fi 6

    • Wi-Fi 6E

  • Device Type Outlook (Volume, Million Units; Revenue, USD Million, 2021 - 2030)

    • 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, 2021 - 2030)

    • 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, 2021 - 2030)

    • 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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