The global Wi-Fi enabled devices market has been affected by the sloppy demand during the transition period of global smartphones but fueled by growing popularity of smart applications such as smart speakers, wearables, and connected TVs. Therefore, shipment volume of the global Wi-Fi enabled devices reached 3.05 billion units in 2019, up 2.6% year-on-year. “In the next few years, Wi-Fi enabled devices will continue to rely on the high adoption of smartphones, notebook PCs, broadband CPE,” said Chiau-Ling Tzeng, senior industry analyst at MIC. “It is estimated that the global Wi-Fi enabled market volume will reach 3.74 billion units by 2024, growing at a 4.1% CAGR (Compound Annual Growth Rate) during the period 2018-2024.”
Global Wi-Fi Enabled Devices Shipment Volume, 2018-2024
Source: MIC, July 2020
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Market Intelligence & Consulting Institute (MIC), based in Taipei, Taiwan, was founded in 1987. MIC is Taiwan's premier IT industry research and consulting firm providing intelligence, in-depth analysis, and strategic consulting services on global IT product and technology trends, focusing on markets and industries in Asia-Pacific. MIC is part of the Institute for Information Industry.