The overall market size is projected to continue increasing, with the global Wi-Fi connected device market estimated to exceed 4.4 billion units by 2028, representing a compound annual growth rate (CAGR) of 5.1% from 2023 to 2028, according to the Market Intelligence & Consulting Institute (MIC).

The shipment volume of global Wi-Fi connected devices in 2023 decreased to 3.22 billion units, down 3.1% year-on-year. As inventory clearance nears completion and the market generally holds a positive outlook for economic recovery, MIC estimates that Wi-Fi connected device shipments will rebound from their lows to reach 3.43 billion units in 2024, up 6.5% year-on-year.

Worldwide Wi-Fi Connected Device Shipment Share by Device Type, 2022-2028

Source: MIC, June 2024

Based on MIC's findings, the shipment shares of the top five Wi-Fi connected products in 2023, in descending order, were smartphones (35.7%), broadband CPE (6.5%), smart TVs (6.3%), notebook PCs (5.3%), and smart speakers (5.1%), totaling 58.9% of the market share.

About Market Intelligence & Consulting Institute (MIC):

Established in 1987, Market Intelligence & Consulting Institute (MIC) is a division of III (Institute for Information Industry), a major government think tank, and one of the leading IT research institutes in Taiwan. MIC specializes in industry and market research. With over three decades of experience, MIC provides valuable insights and data-driven recommendations to assist businesses in making informed decisions.

To know more about this topic, please visit: Worldwide Wi-Fi Connected Device Market Forecast, 2024 - 2028, Global Notebook PC Market Forecast, 2024 - 2028, 2023 Recap and 2024 Outlook for the Global Notebook PC Market, Worldwide Smartphone Market Forecast, 2024~2028 (May 2024 Update)

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