Global WLAN Equipment Market to Reach US$79.2 Billion by 2030
The global market for WLAN Equipment estimated at US$31.8 Billion in the year 2023, is expected to reach US$79.2 Billion by 2030, growing at a CAGR of 13.9% over the analysis period 2023-2030. WLAN Appliances / Server / Switch, one of the segments analyzed in the report, is expected to record a 11.6% CAGR and reach US$17.1 Billion by the end of the analysis period. Growth in the WLAN Access Points segment is estimated at 14.6% CAGR over the analysis period.
The U.S. Market is Estimated at US$8.3 Billion While China is Forecast to Grow at 17.5% CAGR
The WLAN Equipment market in the U.S. is estimated at US$8.3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$18.7 Billion by the year 2030 trailing a CAGR of 17.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 9.8% and 11.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.8% CAGR.
Global WLAN Equipment Market - Key Trends and Drivers Summarized
Wireless Local Area Networks (WLANs) have become indispensable in modern connectivity, enabling seamless internet access for billions globally and supporting the digital economy. These networks utilize high-frequency radio waves to connect devices within a specified area, offering the flexibility to maintain internet connection while moving around within this space. Commonly implemented in both residential and small office environments, WLAN setups consist of stations categorized as access points (APs) and clients, with APs typically functioning as routers. This arrangement allows for the transmission and reception of radio signals to client devices like computers and smartphones, establishing a network known as a basic service set (BSS). The evolving landscape of WLAN technology has seen the introduction of more sophisticated frameworks that support a broad array of connectivity needs, from simple residential setups to complex, infrastructure-based networks for extensive connectivity.
The growth of WLANs is primarily fueled by the increasing demand for mobility and the expansion of IoT and smart devices across various settings. Modern lifestyles and work environments emphasize mobility, necessitating access to network resources without the constraints of fixed locations, a demand that WLANs satisfy effectively. Furthermore, the proliferation of IoT devices—from smart home technologies to industrial sensors—requires robust networks that can handle multiple connections simultaneously, making WLANs increasingly vital. Additionally, as cloud computing becomes more prevalent, the need for reliable and high-speed wireless connections grows, with WLANs providing the necessary infrastructure to support seamless access to cloud services and applications, thereby enhancing productivity and operational efficiency.
Several key drivers are propelling the expansion of the WLAN market. Technological advancements in WLAN equipment, such as improved data transfer rates, enhanced security features, and increased network capacity, are making these networks more appealing. Innovations like Wi-Fi 6 have introduced significant improvements in throughput and network efficiency, prompting both businesses and consumers to upgrade their systems. The need for cost-effective networking solutions is also significant; WLANs reduce infrastructure costs by minimizing the need for extensive cabling and allowing easy network modifications. The rise of remote work and e-learning has further emphasized the need for robust home WLAN setups to support multiple users and devices concurrently. Additionally, initiatives to digitize government and healthcare services increase the reliance on WLANs to support telemedicine and digital public services effectively. With the continuous evolution of wireless technology, WLANs are poised to play an increasingly critical role in enabling connectivity and communication globally, adapting to meet the demands of an interconnected world.
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