LONDON--(BUSINESS WIRE)--More than 20 billion Wi-Fi devices are forecasted to ship between 2019 and 2024, according to a new market data report from global tech market advisory firm, ABI Research. Continued growth in traditional markets of strength, alongside traction in mesh networking systems, smart home, automotive, and IoT applications will drive the Wi-Fi market forward to nearly 4 billion annual device shipments by 2024.
“2019 marks the 20th anniversary of Wi-Fi, though the technology shows no signs of slowing down,” says Andrew Zignani, Principal Analyst, ABI Research. “Wi-Fi 6 is quickly gaining momentum in networking devices, while client devices are already arriving into the market and are anticipated to ramp up considerably over the next 12-18 months. The need for faster, more reliable, more efficient, and more widespread Wi-Fi coverage is becoming increasingly vital in a world filled with more Wi-Fi devices at both ends of the performance spectrum, from high resolution streaming and low latency gaming to battery constrained IoT devices,” says Zignani.
Wi-Fi’s expansion into the 60GHz and sub-1GHz bands through WiGig and HaLow have been considerably slower, though ABI Research anticipates these technologies will carve out their own success in the coming years. “WiGig still has considerable potential for point-to-point applications such as wireless video streaming, virtual reality, and docking, and has recently seen considerable traction in fixed wireless access applications. HaLow chipsets and IP are finally coming to the market thanks to efforts from start-ups as Newracom, Morse Micro, and Palma Ceia SemiDesign among others, and the inherent flexibility of the technology could make it very attractive in LPWA type applications,” says Zignani.
However, most exciting of all is the anticipated availability of 6GHz spectrum over the next few years. “Though there is much work to be done here from a regulatory perspective, the addition of a possible 1.2GHz of additional spectrum for Wi-Fi that will be unencumbered by legacy Wi-Fi technologies could lead to an unprecedented performance and capacity boost for Wi-Fi in the future,” says Zignani. “The Wi-Fi 6 standard is adding support for 6GHz capabilities, and work is already underway for the next generation that will take full advantage of the new spectrum. These enhancements combined will ensure that Wi-Fi will continue to drive value well into its 30th anniversary and beyond,” Zignani concludes.
These findings are from ABI Research’s Wireless Connectivity Technology Segmentation & Addressable Markets market data. This report is part of the company’s Wi-Fi, Bluetooth and Wireless Connectivity research service, which includes research, data, and analyst Insights. Market Data spreadsheets are composed of deep data, market share analysis, and highly segmented, service-specific forecasts to provide detailed insight where opportunities lie.
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