The global Wi-Fi 7 market size is projected to grow from USD 1.0 billion in 2023 to USD 24.2 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 57.2%. The rising demand for the Internet of Things and the mitigation of network traffic and interference offered by Wi-Fi will drive the market.
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By location type, indoor segment is estimated to account for the largest market share in 2023.
Wi-Fi 7 is the next generation of Wi-Fi technology, and it is expected to offer significant improvements over previous generations in terms of speed, range, and reliability. This makes it an ideal solution for indoor wireless networking in smart homes and buildings. In a smart home, Wi-Fi 7 can connect a wide range of devices, including smart TVs, security cameras, thermostats, and light bulbs. This allows users to control their home devices from anywhere in the world and to automate tasks such as turning on the lights when they arrive home or adjusting the thermostat when they leave. Wi-Fi 7 can connect various devices for smart buildings, including sensors, actuators, and control systems. This allows building operators to monitor and control the building’s environment, such as the temperature, lighting, and security.
Access points are expected to register the fastest growth rate during the forecast period.
Access Points are essential for connectivity and to ensure proficiency in deploying Wi-Fi 7. Access Point in Wi-Fi 7 are used to integrate various devices on the same network, facilitate communication and resource sharing and accessibility at ultra-high speeds between numerous devices, and maintain internet speeds despite immense traffic. Wi-Fi 7 provides better security, making these Access Points reliable to connect and suitable for Enterprise level networking. They can be used in office spaces, Educational Institute, Public Spaces, Hospitality, and many other areas with heavy user traffic flow.
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Key and innovative vendors in the Wi-Fi 7 market include Qualcomm (US), Broadcom (US), TP-Link (China), ZTE (China), MediaTek (Taiwan), Keysight Technologies (US), MaxLinear (US), Huawei (China), Commscope (US), Vantiva (France), LitePoint (US), Rohde & Schwarz (Germany), Intel (US), HFCL (India), Netgear (US), SDMC Technology (China), Senscomm Semiconductor (China), H3C (China), VVDN Technologies (India), Actiontec Electronics (US), ADB Global (Switzerland), Ruijie Networks (China), and Edgewater Wireless Systems (Canada).
Qualcomm
Qualcomm is a global technology company that creates semiconductors, software and services related to wireless technology. It was founded in 1985 and is headquartered in San Diego, California. Qualcomm’s primary business revolves around developing and licensing wireless technologies and providing integrated circuit (IC) products for mobile devices, including smartphones, tablets, and other connected devices. The company is known for its Snapdragon system-on-chip (SoC) platforms, which power a wide range of mobile devices and enable advanced features such as high-speed connectivity, artificial intelligence, and superior graphics performance. Qualcomm is involved in creating technologies and supporting intelligent connectivity by designing products and solutions that grow technologies such as 5-enabled smartphones, Pro level cameras, advancement in gaming devices, smart cities, smart vehicles, connected factories, and AI innovations. Qualcomm has offices in more than 170 countries across North America, Asia Pacific, Middle East & Africa, and Latin America, and operations all around the globe. It owns patents critical to the 5G, 4G, CDMA2000, TD-SCDMA, and WCDMA mobile communications standards.
Broadcom
Broadcom Inc. is a global technology company specializing in semiconductor and infrastructure software solutions. They provide diverse products, including integrated circuits and system-on-a-chip solutions for wired infrastructure, wireless communications, enterprise storage, and industrial automation. Broadcom’s offerings encompass Ethernet switching and routing, wireless connectivity (Wi-Fi, Bluetooth, GPS), storage infrastructure components, industrial automation solutions, infrastructure software for cybersecurity, network management, and more. Broadcom offers thousands of products that are used in end products, like enterprise and data center networking, home connectivity, set-top boxes, broadband access, telecommunication equipment, smartphones, and base stations, data center servers and storage systems, factory automation, power generation, alternative energy systems, and electronic displays. Broadcom’s infrastructure solutions helps customers to plan, develop, automate, manage, and secure applications across mainframe, distributed, mobile and cloud platforms. Many multinational companies and government agencies rely on their software solutions to help them manage and secure their on-premises hybrid cloud platform.
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