Wi-Fi 7 Market - Global Forecast to 2030

The Wi-Fi 7 market is estimated at USD 1.0 billion in 2023 and is projected to reach USD 24.2 billion by 2030, at a CAGR of 57.2% from 2023 to 2030.

The major players in the Wi-Fi 7market 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).These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the Wi-Fi 7market.

The Wi-Fi 7 market refers to the next generation of Wi-Fi technology, also known as 802.11be. Wi-Fi 7 aims to deliver significantly faster speeds, lower latency, and improved network efficiency compared to its predecessors. It is designed to meet the growing demands of modern connectivity, including bandwidth-intensive applications, IoT devices, and emerging technologies.

Wi-Fi 7 operates on the 6 GHz frequency band, which provides a larger spectrum for data transmission, reducing congestion and enabling higher data rates. It utilizes advanced modulation techniques, such as 1024-QAM (Quadrature Amplitude Modulation), to increase data throughput. The technology also incorporates Multi-User MIMO (Multiple-Input Multiple-Output) and Orthogonal Frequency Division Multiple Access (OFDMA) to support simultaneous connections and improve network capacity.

The market for Wi-Fi 7 is expected to witness significant growth as organizations and consumers seek faster and more reliable wireless connectivity. Industries such as healthcare, education, manufacturing, retail, and entertainment are likely to benefit from the enhanced capabilities of Wi-Fi 7. The technology can enable seamless streaming, high-quality video conferencing, real-time IoT applications, and immersive virtual reality experiences.

Several technology companies and networking equipment manufacturers are actively involved in developing and commercializing Wi-Fi 7 products, including access points, routers, and client devices. As the technology matures and becomes more widely adopted, the prices of Wi-Fi 7 devices are expected to become more affordable.

It is important to note that the adoption of Wi-Fi 7 will require compatible devices on both ends of the connection (access points and client devices). Therefore, the market growth is anticipated to be gradual as devices gradually transition to support the new standard.

Overall, the Wi-Fi 7 market presents significant potential for faster and more efficient wireless connectivity, catering to the increasing demand for bandwidth and supporting the future needs of various industries and applications.