TechInsights: Global Wi-Fi device shipments are expected to be 2.2 billion in 2023, a year-on-year decrease of 3%

The latest report recently released by TechInsights points out that the smartphone and mobile computing device market segments have faced a series of challenges in recent years, resulting in a weak trend. Market maturity, macroeconomic uncertainty and weak consumer spending are among the main reasons. According to report data, global Wi-Fi device shipments fell by 3% in 2023, to only 2.2 billion. This number is expected to reach 2.9 billion by 2028. This means that the Wi-Fi equipment market will maintain a steady growth trend in the next few years. However, the report also pointed out that despite the overall market weakness, some market segments still maintained relatively good growth momentum. For example, the demand for Wi-Fi devices in the fields of smart home equipment, industrial equipment, and IoT equipment is increasing, which has brought new challenges to the market.

This site has noticed that the report states that in 2023, smartphones will account for 10% of the global Wi-Fi market share. -Fi accounts for more than half of the consumer electronics device market, followed by mobile PCs/tablets (14%) and flat-panel TVs (9%). By 2028, smartphones will continue to dominate the Wi-Fi device market, while wireless speakers are likely to overtake flat-panel TVs as the third-largest consumer electronics category, accounting for 10% of all Wi-Fi consumer electronics.

According to the latest data, the global market stock of Wi-Fi devices will increase by 2% year-on-year in 2023, reaching approximately 7.2 billion. This number is expected to grow to 8.9 billion by 2028, growing at a CAGR of 4% during 2023-2028. Smartphones continue to dominate the overall market stock of Wi-Fi devices, accounting for 36% share and are expected to grow at a CAGR of 4% during 2023-2028. Flat-panel TVs and mobile PCs/tablets each account for 18% of the market share. With the popularity of smartphones and the continuous development of technology, the Wi-Fi equipment market will continue to maintain steady growth. In the coming years, we can expect more innovations and new product launches to further drive the growth of the Wi-Fi equipment market.

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