The Asia Pacific Wi-Fi 6 Market would witness market growth of 27.9% CAGR during the forecast period (2023-2030).
The development of Internet generations like the 5G and 6G concepts is anticipated to support the rising demand for Wi-Fi 6 devices. The surge in smart home devices and the need to connect multiple devices to a single network is one of the most significant factors resulting from the rise in demand. In addition, the manufacturers of these devices claim that the Internet speed will be increased compared to previously available devices, which may be a factor in promoting sales of these devices.
The new Wi-Fi 6 technology enhances the connectivity of Wi-Fi 6-enabled devices while maintaining compatibility with prior versions. Demand in households and small offices is anticipated to increase significantly during the projected period because of its advantages for device battery life and improved data transfer rates.
Wi-Fi 6 improves data rates and allows for faster wireless connections. This is especially helpful in settings with plenty of gadgets. Wi-Fi 6 improved the ability to manage multiple devices simultaneously in congested locations such as stadiums, airports, and conference centres. It employs technologies, including OFDMA (Orthogonal Frequency Division Multiple Access), to divide channels into smaller sub-channels and facilitate more efficient bandwidth sharing among devices.
The number of coworking spaces is rapidly expanding in China and Japan. This results from increased startups and the need for employees and businesses to have more freedom. Coworking spaces offer a more affordable option than traditional offices. Numerous coworking spaces encourage collaboration and networking among occupants. A strong Wi-Fi network enables streamlined communication via video conferencing, messaging applications, and other collaboration tools. Consequently, the demand for Wi-Fi connectivity increased as the number of coworking spaces increased. The market is therefore expected to expand in this region.
The China market dominated the Asia Pacific Wi-Fi 6 Market by Country in 2022 and would continue to be a dominant market till 2030: thereby, achieving a market value of $2.2 billion by 2030. The Japan market is poised to grow at a CAGR of 27.1% during (2023 - 2030). Additionally, The India market would witness a CAGR of 28.6% during (2023 - 2030).
Based on Location, the market is segmented into Indoor, and Outdoor. Based on Offering, the market is segmented into Hardware (Wireless Access Points, Mesh Routers & Home Gateways, Wireless Controllers, System on Chip, and Others), Solution, and Services. Based on Application, the market is segmented into HD Video Streaming & Video Streaming, Immersive Technologies, Smart Home Devices & Telemedicine, IoT, Industry 4.0, Public Wi-Fi & Dense Environments, and Others. Based on Vertical, the market is segmented into Education, Government & Public Sector, Travel & Hospitality, Healthcare & Lifesciences, Media & Entertainment, Retail & eCommerce, Transportation & Logistics, Residential, Manufacturing, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Wi-Fi 6 Market is Projected to reach USD 29.4 Billion by 2030, at a CAGR of 26.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include NXP Semiconductors N.V., Cisco Systems, Inc., Broadcom, Inc., Intel Corporation, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Netgear, Inc., Juniper Networks, Inc., Extreme Networks, Inc., Fortinet, Inc., and Ubiquiti Inc.
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