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Asia-Pacific to propel WLAN market growth
Voice and Data
|August 2024
Emerging Asia markets are set to drive the WLAN equipment market with a 15.9% CAGR from 2024 through 2030
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The WiFi market experienced notable turbulence in 2023, marked by a combination of economic challenges, inventory backlogs, and sluggish adoption of 6 GHz-compatible devices. However, a significant rebound is projected in 2024, driven by several key factors. According to ABI Research, annual shipments of residential and enterprise WLAN equipment are set to exceed previous highs, reaching 294.1 million units in 2024. This forecasted recovery marks the beginning of a robust growth trajectory, with shipments anticipated to expand to 422.3 million units by 2030.
Andrew Spivey, Principal Analyst at ABI Research, emphasises the transformative changes in the WLAN equipment market: "2024 has heralded major shifts in the industry. As WiFi 6E phases out and the market transitions to tri-band WiFi 7, we are seeing a contraction in the enterprise segment. However, dual-band WiFi 7, at variant without 6 GHz compatibility, is witnessing unexpectedly strong demand."
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