PUBLISHER: SkyQuest | PRODUCT CODE: 1624024
PUBLISHER: SkyQuest | PRODUCT CODE: 1624024
Global Wi-Fi 6 And Wi-Fi 6E Chipset Market size was valued at USD 13.3 billion in 2023 and is poised to grow from USD 15.14 billion in 2024 to USD 42.57 billion by 2032, growing at a CAGR of 13.8% during the forecast period (2025-2032).
Wi-Fi 6 is the latest Wi-Fi standard designed to address the growing demand for connectivity in an increasingly device-rich world. Ideal for users with VR headsets and multiple smart home devices, Wi-Fi 6 offers enhanced speed through technologies like 1024-QAM and a broader 160 MHz channel, enabling seamless 4K and 8K streaming without lag. Features such as MU-MIMO and OFDMA significantly increase capacity, allowing multiple devices to connect simultaneously, making it perfect for gatherings. Furthermore, Wi-Fi 6E expands this capability to the 6 GHz band, enhancing network performance. The market is poised for growth over the next seven years, driven by rising demand for low-latency, high-bandwidth solutions across various sectors, bolstered by advancements like Broadcom's BCM4389 chipset for superior speed and efficiency.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Wi-Fi 6 And Wi-Fi 6E Chipset market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Wi-Fi 6 And Wi-Fi 6E Chipset Market Segmental Analysis
Global Wi-Fi 6 And Wi-Fi 6E Chipset Market is segmented by Chipset Type, Device Type, Application and region. Based on Chipset Type, the market is segmented into Wi-Fi 6 and Wi-Fi 6E. Based on Device Type, the market is segmented into WLAN Infrastructure Devices, Consumer Devices, Wireless Cameras, Industrial IoT Devices, Connected Vehicles, Drones and Others. Based on Application, the market is segmented into Residentials/Consumers, Commercial, Industrial, Smart City, Transportation & Logistics, Government & Defence and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Wi-Fi 6 And Wi-Fi 6E Chipset Market
The Global Wi-Fi 6 and Wi-Fi 6E chipset market is anticipated to experience significant growth driven by the increasing demand for superior network communication capabilities among various enterprises. This need for enhanced connectivity is largely fueled by a substantial rise in data traffic, which necessitates low latency and high bandwidth solutions across sectors, including corporate and industrial environments. Consequently, the adoption of Wi-Fi 6 and Wi-Fi 6E devices is projected to surge, subsequently boosting the demand for related chipsets over the next seven years. A prime example is Broadcom Inc.'s introduction of the BCM4389, the first consumer chipset supporting Wi-Fi 6E, which showcases improved speeds and reduced latency, making it ideal for emerging technologies like augmented and virtual reality as well as advanced smartphones. The benefits of this new chipset technology are poised to surpass any drawbacks, further propelling market growth.
Restraints in the Global Wi-Fi 6 And Wi-Fi 6E Chipset Market
The Global Wi-Fi 6 and Wi-Fi 6E chipset market faces significant challenges due to the adverse effects of the COVID-19 pandemic. The outbreak led to a decline in demand for these products across various international markets. In response to the rapid spread of the virus in 2020, major countries including China, the United States, Germany, Japan, and the United Kingdom implemented strict lockdown measures. This resulted in the temporary shutdown of numerous manufacturing facilities and restrictions on international trade routes. Consequently, both the production and supply of chipsets saw a substantial decrease, creating hurdles that hindered the growth of the market.
Market Trends of the Global Wi-Fi 6 And Wi-Fi 6E Chipset Market
The Global Wi-Fi 6 and Wi-Fi 6E Chipset market is witnessing significant growth driven by the increasing demand for seamless connectivity, especially in online video streaming and smart factory developments. The period from 2021 to 2028 is expected to see a substantial rise in chipsets as organizations like Ford, Ericsson, General Motors, and BMW invest in upgrading their infrastructure to enhance operational efficiency and support Industry 4.0 initiatives. As consumers demand higher bandwidth and lower latency for uninterrupted access to digital content, the adoption of Wi-Fi 6 and Wi-Fi 6E technology is set to escalate worldwide, positioning these chipsets at the forefront of connectivity solutions.