WLAN Market Summary
As per Market Research Future Analysis, the WLAN Market was valued at 28.08 USD Billion in 2022 and is projected to grow from 29.75 USD Billion in 2023 to 50.1 USD Billion by 2032, reflecting a CAGR of 5.96% from 2024 to 2032. The market is driven by the increasing demand for high-speed internet connectivity across residential and commercial sectors, accelerated by remote work and online learning trends. Technological advancements, particularly the rollout of Wi-Fi 6 and 7, are enhancing network capabilities, while the rise of IoT and smart devices is further propelling market growth.
Key Market Trends & Highlights
The WLAN market is characterized by several key trends and highlights.
- Residential WLAN market value in 2023: 7.5 USD Billion; projected to reach 12.5 USD Billion by 2032.
- Commercial WLAN applications lead with a market value of 10.0 USD Billion in 2023.
- Industrial WLAN segment valued at 4.75 USD Billion in 2023, showing significant growth.
- North America dominates the market with a valuation of 10.5 USD Billion in 2023, expected to reach 17.5 USD Billion by 2032.
Market Size & Forecast
2022 Market Size | USD 28.08 Billion |
2023 Market Size | USD 29.75 Billion |
2032 Market Size | USD 50.1 Billion |
CAGR (2024-2032) | 5.96% |
Major Players
Key players include Hewlett Packard Enterprise, DLink, TPLink, Huawei, Zebra Technologies, Fortinet, Aruba Networks, Dell Technologies, Zyxel Communications, Ruckus Wireless, Ubiquiti Networks, Meraki, Cisco Systems, Extreme Networks, and Netgear.