Wi-Fi technology continues to evolve with the development of new standards such as Wi-Fi 6, Wi-Fi 6E, and in the not-too-distant future, Wi-Fi 7. These new standards will be critical in ensuring Wi-Fi is capable of accommodating new device types, supporting new use cases, targeting new industry verticals, improving performance of existing applications, enabling new services, and addressing new requirements brought about by projected increases in wireless traffic.
The global Wi-Fi market is projected to grow significantly between 2019 and 2025,
increasing from 3.1 billion annual device shipments in 2019 to over 4.5 billion by 2025. China plays an important role in the global Wi-Fi market due to the large demand for Wi-Fi devices domestically. With many Chinese vendors serving multiple verticals, both international and domestic, it shows how intertwined China is with the global Wi-Fi ecosystem.
For Chinese ecosystem vendors, there is a growing shift towards addressing the domestic Wi-Fi market due to the growth in internal demand from consumers and enterprises. This has led to increasing support for domestic manufacturers, and gradual transition to utilizing locally produced chipsets.
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