Wi-Fi 7 Market Development Strategy 2027
MarketsandMarkets predicts that the Wi-Fi 7 market size will grow from $1.0 billion in 2023 to $24.2 billion by 2030, with an annual growth rate of 57.2% during this period. Governments are working with private companies and research institutions to develop IoT ecosystems and promote Wi-Fi 7 technology.
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Indoor Wi-Fi 7 to Lead the Market:
Wi-Fi 7, the next generation of Wi-Fi, will offer faster speeds, better range, and more reliable connections than previous versions. This makes it perfect for indoor use in smart homes and buildings. In smart homes, Wi-Fi 7 can connect devices like TVs, security cameras, thermostats, and lights, allowing users to control them remotely and automate tasks. In smart buildings, it can connect sensors, control systems, and other devices, enabling operators to manage the environment, such as temperature and lighting.
Access Points to See Fastest Growth:
Wi-Fi 7 access points, which allow multiple devices to connect to the same network at ultra-high speeds, are expected to grow the fastest. These access points are crucial for maintaining high internet speeds and providing secure connections, especially in places with heavy user traffic like offices, schools, and public spaces.
Europe to Have the Second-Highest Growth:
Europe is seeing significant growth in both indoor and outdoor wireless services due to the increased use of mobile devices and demand for mobile data. Although the region has been slow to adopt the necessary 6-GHz band for Wi-Fi 6E and its successor, Wi-Fi 7, the European wireless market is expected to keep growing, benefiting the economy and people's lives.
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Key Market Players:
Major companies in the Wi-Fi 7 market include Qualcomm, Broadcom, TP-Link, ZTE, Mediatek, Keysight Technologies, MaxLinear, Huawei, Commscope, Vantiva, LitePoint, Rohde & Schwarz, Intel, HFCL, Netgear, SDMC Technology, Senscomm Semiconductor, H3C, VVDN Technologies, Actiontec Electronics, ADB Global, Ruijie Networks, and Edgewater Wireless Systems, with headquarters in the US, China, Germany, France, India, Switzerland, Taiwan, and Canada.
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