Low Power Wi-Fi Conversion Market Size

Low Power Wi-Fi Conversion Market size is expected to cross USD 219.96 Billion by the end of 2036, growing at a CAGR of 52% during the forecast period, i.e., 2024- 2036. In the year 2023, the industry size of low power wifi conversion was over USD 21 Billion. The market is experiencing significant growth owing to the increasing adoption of Internet of Things (IoT) applications across various industry verticals. IoT devices are generating a large amount of data that needs to be transmitted over Wi-Fi networks, leading to a demand for energy-efficient solutions to reduce the energy consumption of these networks. Additionally, the extended life of battery-operated products is becoming increasingly important as the demand for portable devices continues to rise. All these factors have contributed to the growth of the market, and this trend is expected to continue in the foreseeable future. It is anticipated that there will be over 13 billion machine-to-machine (M2M) connections by the end of 2023. The estimated amount of data gathered from IoT devices by 2025 is 79 ZB.

Further, the low power Wi-Fi conversion market is expected to experience growth in the near future due to technological advancements in the information and communication technology (ICT) sector in both developed and developing countries. In addition, low-power Wi-Fi conversion technology is projected to offer growth opportunities by providing an operating range of over 10km in rural areas, while also minimizing costs.