The Wi-Fi Market Was Valued At Around US$ 11.1 Bn In 2021. With A Projected CAGR Of 18.9% For The Next Ten Years, The Market Is Likely To Reach A Valuation Of Nearly US$ 74.1 Bn By The End Of 2032.
Wi-Fi Market Overview:
Wireless Fidelity (Wi-Fi) refers to a wireless networking technology used to connect various electronic devices such as laptops, desktops, smartphones, and wearables to the Internet. It works by sending a radio signal from the wireless router to a peripheral that converts the signal into data. These waves are further decoded and sent back to routers that support wired and cabled Internet connections. Wi-Fi is widely used in a variety of applications because it provides greater flexibility, scalability, reliability, convenience and mobility at a cost-effective price. It is currently commercially available in both high-density and enterprise-class Wi-Fi density types.
Wi-Fi Market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Wi-Fi Market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.
Key Market Updates:
- In July 2022, Ericsson completed the acquisition of Vonage, which establishes Ericsson's strategy to influence technology leaders to grow their mobile network business and expand into enterprises.
- In February 2022, Juniper Networks acquired WiteSand, an innovator in cloud-native zero trust network access control (NAC) solutions. The agreement provides Juniper with an experienced engineering team and technology to accelerate the company's efforts to deliver next-generation NAC solutions.
- In August 2021, Extreme Networks announced plans to acquire Infovista's Software Defined Wide Area Networking (SD-WAN) division. This deal will help expand its portfolio by offering cloud-managed SD-WAN and security solutions.
Major Market Segments Covered in Wi-Fi Market Industry Research:
Market Key Players:
Cisco, Aruba Networks, Ruckus Wireless, Juniper Networks, Ericsson, Panasonic, Huawei, Alcatel-Lucent Enterprise, Netgear, Aerohive Networks, Riverbed, And Others.
- High-density Wi-Fi, Enterprise-class Wi-Fi,
- Education, Healthcare, Retail, Transportation, Government
The North American market accounted for the largest revenue share in 2021, owing to increasing demand for Wi-Fi services and solutions in developed countries such as the United States and Canada. Growing adoption of advanced technologies by large, medium and small businesses for flexible and seamless operations is also driving revenue growth in the region. Additionally, increasing trend of wireless hotspots is expected to boost the demand for Wi-Fi in North America.
The Asia Pacific market is expected to register significant revenue growth over the forecast period, owing to increasing investment by businesses and governments in Wi-Fi projects. Growing demand in countries such as India, China and Japan is also boosting market revenue growth in these regions. The region is also witnessing the growing adoption of smart devices, which is creating high demand for seamless and uninterrupted Wi-Fi. Additionally, working from home and virtual learning amid the COVID-19 pandemic are other factors driving revenue growth for the Wi-Fi market in the region.
The European market is expected to register moderate revenue growth over the forecast period, owing to the increasing number of public Wi-Fi hotspots in the region. The company has started offering Wi-Fi calling and is investing in high-standard connectivity to improve call quality. Moreover, increasing demand in countries such as Germany, UK, and France is contributing to the revenue growth of the market due to the increase in smartphone users.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Significant Market Dynamics:
Growing demand for Wi-Fi 6 is driving market revenue growth as Wi-Fi offers multiple advantages over other generations of wireless technology. Wi-Fi 6 is based on the IEEE 802.11ax standard, and the routers in Wi-Fi 6 incorporate a variety of new technologies to improve overall performance, delivering faster transfer speeds of nearly 10 Gbps, compared to 802.11ac's maximum speed of around 3.5 Gbps. Use. Wi-Fi 6 minimizes client power consumption, increases client capacity and solves network congestion. For example, Wi-Fi 6 uses orthogonal frequency division multiple access (OFDMA) modulation that allows up to 30 clients to simultaneously share a channel, increasing total capacity and reducing latency to increase efficiency. OFDMA provides time intervals to clients, allowing more accurate separation of available network channels. For example, OFDMA enables a connection between two devices at home checking social media simultaneously.
Wi-Fi 6 features Multi-User Multiple Input Multiple Output (MU-MIMO), which allows data to be streamed concurrently rather than sequentially and to allocate bandwidth more evenly among connected MU-MIMO-equipped clients. Additionally, Wi-Fi 6 allowed up to 8 streams to uplink and downlink MU-MIMO, whereas the maximum Wi-Fi 5 MU-MIMO streams were 4. One of the additional features of Wi-Fi 6 is beamforming, which sends Wi-Fi signals directly to clients rather than a broad spectrum. WPA3, the latest version of Wi-Fi security, is compatible with all Wi-Fi 6. Device. Features such as strong password security and 256-bit encryption technology make it difficult for outsiders to break into your network. Wi-Fi 6 also builds on the Wi-Fi Protected Access 2 (WPA2) security features of earlier Wi-Fi standards while adding more security benefits. The new standard, known as WPA3, is driving market revenue growth by helping to improve authentication procedures, strengthen encryption capabilities, and simplify back-end management. On February 20, 2020, Huawei launched Air Engine Wi-Fi 6 devices to accelerate the transition to a fully wireless campus. Huawei unveiled its Air Engine Wi-Fi 6 Series products, comprising 10 new Wi-Fi 6 access point (AP) types, at the 2020 Products and Solutions Launch event in London.
The growing popularity of IoT and its applications in sectors such as education, healthcare, retail, transportation, etc. is leading to high demand for Wi-Fi-based products and services, which in turn drives market revenue growth. Technological advances, such as the introduction of artificial intelligence (AI), have reduced capital expenditures, lowering the cost of installing and owning Wi-Fi in home and business spaces. In addition, continuous service upgrades through research and analysis and provision of high-speed Internet, such as 5G services, are further driving sales growth in the Wi-Fi market.
Wi-Fi has negative effects on human health such as oxidative stress, sperm/testicular damage, and neuropsychiatric problems. Other Wi-Fi health risks include cell death, cellular DNA damage, endocrine changes, and calcium excess, which in turn is hindering market revenue growth. The downside of Wi-Fi networks is that they only provide connectivity in a specific area and the radio range is only 20 to 25 meters. You cannot access the Internet if you are more than 25 meters away from the wireless network access point.
A wireless LAN in an office or home is slower than a wired network. Additionally, most radio signals are scattered or spread due to interference from other devices or other EMF sources, which is another factor hindering market revenue growth.
Wi-Fi Market report scope:
CAGR of 18.8% from 2022 to 2030.
High-density Wi-Fi, Enterprise-class Wi-Fi,
Education, Healthcare, Retail, Transportation, Government
Cisco, Aruba Networks, Ruckus Wireless, Juniper Networks, Ericsson, Panasonic, Huawei, Alcatel-Lucent Enterprise, Netgear, Aerohive Networks, Riverbed
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America(Brazil, Argentina, Rest of Latin America)
- Rest Of the World
2017 to 2022
2023 to 2030
Key Takeaways from this Wi-Fi Market Report
- Estimate Wi-Fi Market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
- Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
- Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
- Get a quick viewpoint on the Wi-Fi Market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
- Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
- Get complete insights on your competitor's performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Study the sales and distribution channels over key geographies to improve top-line revenues.
Frequently Asked Questions-
What is the CAGR of Wi-Fi Market?
The Wi-Fi Market is growing at a CAGR of 18.8% During Forecast Period.
What are the key types of Wi-Fi Market?
High-density Wi-Fi, Enterprise-class Wi-Fi,
What are the key applications of Wi-Fi Market?
Education, Healthcare, Retail, Transportation, Government
Who are the key players in Wi-Fi Market?
Cisco, Aruba Networks, Ruckus Wireless, Juniper Networks, Ericsson, Panasonic, Huawei, Alcatel-Lucent Enterprise, Netgear, Aerohive Networks, Riverbed, And others.