Wi-Fi Chipset Industry to be driven by Emerging Trends for Wi-Fi 6E and Wi-Fi 7 - Grand View Research, Inc

Soaring demand to connect more devices to the network has spurred the penetration of Wi-Fi 6E across business verticals. The technology extends Wi-Fi 6 into the 6GHz spectrum, bolstering speeds, offering more security to the network and lower latency. For instance, the network has gained ground in healthcare to transfer large data files, including MRIs or performing telehealth appointments without interruptions. Moreover, the retail sector can cash in on the technology by streamlining point-of-sale connections, thereby boosting brand position. These dynamics substantiate the Wi-Fi 6E market size of USD 2.37 billion in 2021 and its estimated CAGR of 27% during the forecast period.

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Stakeholders are likely to focus on dynamics that are slated to influence the RoI. Some factors are elucidated below:

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North America Wi-Fi chipset industry share will receive impetus in light of the surging Wi-Fi penetration across airports, buses, sports stadiums, trains and malls. In-store Wi-Fi has emerged as a robust business strategy to boost in-store engagement in the retail sector. Besides, the rising footfall of smart home devices, in-vehicle infotainment and expanding penetration of Wi-Fi 6E devices have solidified the position of the U.S. and Canada in the global landscape. Bullish government policies have underscored the North America market. In April 2020, the U.S. Federal Communications Commission opened the 6 GHz spectrum, encouraging leading players to bolster their portfolios.

Incumbent companies have emphasized organic and inorganic strategies, including technology advancements, R&D activities, innovation, collaboration and mergers & acquisitions. For instance, in May 2022, Cisco announced its first outdoor Wi-Fi 6E-ready access point for industrial sites. The company expects wireless connectivity to complement automation, AGVs and autonomous robots.

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