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Wi-Fi 6 and Wi-Fi 6E Chipset Market Size Worth $43.18 Billion By 2028: Grand View Research, Inc.
With the evolution of industry 4.0., large and medium manufacturers such 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), and others. Providing seamless connectivity to these devices requires next-generation infrastructure, which is expected to accelerate the wi-fi 6 and wi-fi 6E devices adoption worldwide. Therefore, it is anticipated to fuel their chipsets demand over the next seven years.
Wi-fi 6 and wi-fi 6E devices support multi-users 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, airports. Thus, it is expected to bolster the market growth from 2021 to 2028.
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, 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 market growth.
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco , the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Sherry James
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