The global wi-fi 6 and wi-fi 6E chipset market size is expected to reach USD 63.25 billion by 2030, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 13.8% from 2022 to 2030. Increasing bandwidth capacity demand among consumers and enterprises for providing support for smart devices is one of the key driving factors for the global market.
Growing trends for e-learnings have augmented the deployment of next-generation WLAN infrastructure across several universities, schools, offices, and residents. In addition, 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 2022 to 2030.
With the evolution of industry 4.0., large and medium manufacturers such as 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). 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 and wi-fi 6E devices support multi-user 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, and airports. Thus, it is expected to bolster the global market growth from 2022 to 2030.
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, in the 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 global wi market.
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By device type, in 2021, the WLAN infrastructure devices segment accounted for the largest revenue share of over 40.0% 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 chipset type segment is expected to witness lucrative growth over the forecast period. The high growth is attributed 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 in 2021 with a share of over 35.0%. The significant share is ascribed to the presence of many electronic manufacturing bases across key countries such as China, Japan, and South Korea
Rapidly rising spending on building digital infrastructure across the healthcare sector, smart city projects, smart factories, and corporates is projected to fuel the growth of the U.S. market
Several prominent players across the globe are aggressively focusing on mergers and acquisitions to strengthen their market presence and expand the overall product offerings
Grand View Research has segmented the global wi-fi 6 and wi-fi 6E chipset market on the basis of chipset type, device type, application, and region:
Wi-Fi 6 and Wi-Fi 6E Chipset Type Outlook (Volume, Million Units, Revenue, USD Million, 2021 - 2030)
Wi-Fi 6 and Wi-Fi 6E Chipset Device Type Outlook (Volume, Million Units, Revenue, USD Million, 2021 - 2030)
WLAN Infrastructure Devices
AR/VR and Wearables
Smart Home Devices
Industrial IoT Devices
Wi-Fi 6 and Wi-Fi 6E Chipset Application Outlook (Volume, Million Units, Revenue, USD Million, 2021 - 2030)
Hotels & Restaurants
Energy & Utility
Oil & Gas and Mining
Transportation & Logistics
Government & Defense
Wi-Fi 6 and Wi-Fi 6E Chipset Regional Outlook (Volume, Million Units, Revenue, USD Million, 2021 - 2030)
Middle East & Africa (MEA)
List of Key Players of Wi-Fi 6 and Wi-Fi 6E Chipset Market
Qualcomm Technologies, Inc.
ON Semiconductor Connectivity Solutions, Inc.
Texas Instruments Incorporated
Cypress Semiconductor Corporation
NXP SEMICONDUCTORS N.V.
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