The global 802.11ac Wave 2 market is expected to be valued at USD 1,367.70 Million in 2022. The overall demand for 802.11ac Wave 2 is projected to grow at a CAGR of 7.70% between 2022 and 2032, totaling around USD 2,879.10 Million by 2032.
| Data Points | Key Statistics |
|---|---|
| 802.11ac Wave 2 Market Value 2022 | USD 1,367.70 Million |
| 802.11ac Wave 2 Market Projected Value (2032) | USD 2,879.10 Million |
| 802.11ac Wave 2 Market CAGR (2022 to 2032) | 7.70% |
The exciting characteristics of the 802.11ac Wave 2 standard are expected to open up new possibilities in the Wi-Fi arena. While it may take some time for this second wave of products to demonstrate their entire potential, the advantages will undoubtedly be evident. Various organizations are closely monitoring the potential value and effect of devices that implement the 802.11ac Wave 2 standard, and Wave 2 is likely to be considered in their future technological plans.
The global demand for over-the-air software updates is projected to increase at a CAGR of 7.70% during the forecast period between 2022 and 2032, reaching a total of USD 2,879.10 Million in 2032, according to a report from Future Market Insights (FMI). From 2017 to 2021, sales witnessed significant growth, registering a CAGR of 4.40%.
Since its certification as the 802.11 standards, Wi-Fi technology has experienced amazing evolution. The 802.11ac Wi-Fi standard was released in the commercial sector in two independent waves, named Wave 1 and Wave 2, both of which offer considerable performance improvements over previous standards.
With over 60 client devices and 25 routers supported, the 802.11ac Wave 2 Wi-Fi standard is swiftly establishing itself in the commercial sector and is likely to become the most widely used Wi-Fi standard in the next years.
In 2015, the Wi-Fi Alliance, a global nonprofit group of corporations that determines Wi-Fi technology compatibility, ratified the 802.11ac Wave 2 standard. Wave 2 builds on Wave 1 with several substantial advancements such as support for speeds of up to 2.34 Gbps in the 5 GHz band, support for multiuser multiple input, multiple outputs (MU-MIMO), and improved performance with the option of employing 160-MHz-wide channels and a fourth spatial stream.
High Growth in Mobile Video Usage and VoIP Services to Accelerate the Market Growth
The high growth in mobile video usage and VoIP services, the continued shift to end-user mobility, increasing volumes of Wi-Fi-enabled Internet of Things (IoT) devices, and demand for high-speed delivery of large files and data access and movement are the major factors driving the global 802.11ac Wave 2 market.
Because it enables multiuser multiple inputs, and multiple outputs, the Wave 2 standard allows for a higher density of linked devices than the Wave 1 standard (MU-MIMO). This enables optimal spectrum usage for various connected devices, giving consumers alternatives for conveniently getting their gadgets on and off the network. Other software advances in MU-MIMO include the ability to group/schedule the kind of traffic for each device, dynamic modulation and coding adaption, and sounding rate management.
Furthermore, the trend of using several connected devices per user, as well as traction toward the all-wireless office user experience, is likely to drive market development throughout the forecast period.
Lack of Compatibility with the Existing Clients to Impede the Market Growth
One major barrier to wave 2 adoption is the fact that many current Wi-Fi clients lack forward compatibility with the new wave 2 capabilities. As with most new technologies, it will take some time for wave 2 standard acceptances and wave 2-enabled hardware to become available.
Presence of Industry Giants in the Region to Fuel the Market Growth
The 802.11ac Wave 2 market in North America is expected to accumulate the highest market share of 33.5% in 2022.
In 2020, North America had the biggest share in the 802.11ac Wave 2 market owing to the region's concentration of significant market participants. During the projection period, technical improvements, a developed country, and an IT center due to major industrialization, as well as the presence of several IT organizations that use 802.11ac Wave 2 for various reasons, would drive regional market expansion.
Growing Use of Cloud-Based Services to Fuel the Market Growth
The 802.11ac Wave 2 market in Asia Pacific is expected to accumulate a significant market share of 15% in 2022 and is expected to continue to maintain the trend over the forecast period as well.
During the forecast period, Asia Pacific is expected to be the fastest expanding region in the 802.11ac Wave 2 market. Asia Pacific is the primary center for information technology and telecommunications.
Cloud-based services are the most appealing investment destination in this area, boosting the 802.11ac Wave 2 market's development prospects throughout the projection period.
In comparison to other regions with a high proportion of dependent persons, this region has a big working population. It is expected that the worldwide 802.11ac Wave 2 market would increase significantly during the forecast period due to the concentration of a large number of rising economies such as China, India, and South Korea, which have significant growth prospects.
Thriving End-user Sectors in the Region to Accelerate Market
The 802.11ac Wave 2 market in Europe is expected to accumulate a market share value of 25.80% in 2022.
Europe is a promising market for the 802.11ac Wave 2 market as well. Europe has thriving banking, healthcare, and telecommunications industries, and with increased investment prospects, the region is expected to develop at a steady pace during the projected period.
The Enterprises Segment to Drive the 802.11ac Wave 2 Market
Rising internet usage and increased investment in communications networks extend the market prospects for the enterprise segment. Consumers are spending a greater amount of their money on mobile devices such as laptops, smartphones, and tablets.
Though network facilities have substantially improved in the age of 3G and 4G network connections, Wi-Fi has become a viable alternative for most enterprises. Wi-Fi is capable of providing higher-speed internet connections and also covers a vast region.
Internet access may be supplied in public places such as restaurants, parks, and metro stations via Wi-Fi, and this aspect is driving the segment’s growth which is in turn driving the 802.11ac Wave 2 market throughout the projection period.
NETGEAR, Inc., Cisco Systems, ASUSTeK Computer Inc., D-Link Corporation, TP-Link, Linksys, and Buffalo Americas, Inc. are a few of the prominent participants in the worldwide 802.11ac wave 2 market.
Recent Developments:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 7.70% from 2022 to 2032 |
| Market Value in 2022 | USD 1,367.70 Million |
| Market Value in 2032 | USD 2,879.10 Million |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | End-Users, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific Excluding Japan; Japan; The Middle East and Africa (MEA) |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Russia, Poland, China, Japan, South Korea, India, ASIAN, Oceania, GCC Countries, South Africa, Turkey |
| Key Companies Profiled |
|
Table 1: Global Market Value (US$ Million) Forecast by Region, 2017 to 2032
Table 2: Global Market Value (US$ Million) Forecast By End Users, 2017 to 2032
Table 3: North America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 4: North America Market Value (US$ Million) Forecast By End Users, 2017 to 2032
Table 5: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 6: Latin America Market Value (US$ Million) Forecast By End Users, 2017 to 2032
Table 7: Europe Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 8: Europe Market Value (US$ Million) Forecast By End Users, 2017 to 2032
Table 9: Asia Pacific Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 10: Asia Pacific Market Value (US$ Million) Forecast By End Users, 2017 to 2032
Table 11: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 12: Middle East and Africa Market Value (US$ Million) Forecast By End Users, 2017 to 2032
Figure 1: Global Market Value (US$Million) By End Users, 2022 to 2032
Figure 2: Global Market Value (US$Million) by Region, 2022 to 2032
Figure 3: Global Market Value (US$Million) Analysis by Region, 2017 to 2032
Figure 4: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 5: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 6: Global Market Value (US$Million) Analysis By End Users, 2017 to 2032
Figure 7: Global Market Value Share (%) and BPS Analysis By End Users, 2022 to 2032
Figure 8: Global Market Y-o-Y Growth (%) Projections By End Users, 2022 to 2032
Figure 9: Global Market Attractiveness By End Users, 2022 to 2032
Figure 10: Global Market Attractiveness by Region, 2022 to 2032
Figure 11: North America Market Value (US$Million) By End Users, 2022 to 2032
Figure 12: North America Market Value (US$Million) by Country, 2022 to 2032
Figure 13: North America Market Value (US$Million) Analysis by Country, 2017 to 2032
Figure 14: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 15: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 16: North America Market Value (US$Million) Analysis By End Users, 2017 to 2032
Figure 17: North America Market Value Share (%) and BPS Analysis By End Users, 2022 to 2032
Figure 18: North America Market Y-o-Y Growth (%) Projections By End Users, 2022 to 2032
Figure 19: North America Market Attractiveness By End Users, 2022 to 2032
Figure 20: North America Market Attractiveness by Country, 2022 to 2032
Figure 21: Latin America Market Value (US$Million) By End Users, 2022 to 2032
Figure 22: Latin America Market Value (US$Million) by Country, 2022 to 2032
Figure 23: Latin America Market Value (US$Million) Analysis by Country, 2017 to 2032
Figure 24: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 25: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 26: Latin America Market Value (US$Million) Analysis By End Users, 2017 to 2032
Figure 27: Latin America Market Value Share (%) and BPS Analysis By End Users, 2022 to 2032
Figure 28: Latin America Market Y-o-Y Growth (%) Projections By End Users, 2022 to 2032
Figure 29: Latin America Market Attractiveness By End Users, 2022 to 2032
Figure 30: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 31: Europe Market Value (US$Million) By End Users, 2022 to 2032
Figure 32: Europe Market Value (US$Million) by Country, 2022 to 2032
Figure 33: Europe Market Value (US$Million) Analysis by Country, 2017 to 2032
Figure 34: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 35: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 36: Europe Market Value (US$Million) Analysis By End Users, 2017 to 2032
Figure 37: Europe Market Value Share (%) and BPS Analysis By End Users, 2022 to 2032
Figure 38: Europe Market Y-o-Y Growth (%) Projections By End Users, 2022 to 2032
Figure 39: Europe Market Attractiveness By End Users, 2022 to 2032
Figure 40: Europe Market Attractiveness by Country, 2022 to 2032
Figure 41: Asia Pacific Market Value (US$Million) By End Users, 2022 to 2032
Figure 42: Asia Pacific Market Value (US$Million) by Country, 2022 to 2032
Figure 43: Asia Pacific Market Value (US$Million) Analysis by Country, 2017 to 2032
Figure 44: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 45: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 46: Asia Pacific Market Value (US$Million) Analysis By End Users, 2017 to 2032
Figure 47: Asia Pacific Market Value Share (%) and BPS Analysis By End Users, 2022 to 2032
Figure 48: Asia Pacific Market Y-o-Y Growth (%) Projections By End Users, 2022 to 2032
Figure 49: Asia Pacific Market Attractiveness By End Users, 2022 to 2032
Figure 50: Asia Pacific Market Attractiveness by Country, 2022 to 2032
Figure 51: Middle East and Africa Market Value (US$Million) By End Users, 2022 to 2032
Figure 52: Middle East and Africa Market Value (US$Million) by Country, 2022 to 2032
Figure 53: Middle East and Africa Market Value (US$Million) Analysis by Country, 2017 to 2032
Figure 54: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 55: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 56: Middle East and Africa Market Value (US$Million) Analysis By End Users, 2017 to 2032
Figure 57: Middle East and Africa Market Value Share (%) and BPS Analysis By End Users, 2022 to 2032
Figure 58: Middle East and Africa Market Y-o-Y Growth (%) Projections By End Users, 2022 to 2032
Figure 59: Middle East and Africa Market Attractiveness By End Users, 2022 to 2032
Figure 60: Middle East and Africa Market Attractiveness by Country, 2022 to 2032
By 2022 end, sales of 802.11ac Wave 2 closed at a value of USD 1,367.70 Million
From 2017 to 2021, 802.11ac Wave 2 demand expanded at a CAGR of 4.40%
From 2022 to 2032, 802.11ac Wave 2 sales are expected to flourish at a CAGR of 7.70%
By 2032, the market value of 802.11ac Wave 2 expected to reach USD 2,879.10 Million
By end-use vertical, the enterprise segment is expected to dominate the market in 2022.
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802.11ac Wave 2 Market
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