29% compound annual growth, China’s Wi-Fi Internet of Things is developing rapidly

According to foreign media reports, the European Commission has decided to expand the range of frequency bands that can be used for 5G applications.
Research shows that both services are facing a shortage of available spectrum as demand for 5G and WiFi increases. For carriers and consumers, the more
frequency bands, the cheaper the rollout of 5G, but Wi-Fi tends to provide more stable connections by comparison.

5G and WiFi are like racers on two tracks, from 2G to 5G, from the first generation of WiFi to WiFi 6, and now the two are complementary. Some people have
suspected before that, with the advent of the G era, WiFi will enter a cooling-off period, but WiFi is now a network interwoven with 5G, and it is becoming
more and more intense.

In recent years, the global population growth has slowed down, and traditional mobile Internet devices represented by mobile phones are becoming saturated
and growing slowly. As an extension of the Internet, the Internet of Things is bringing about a new round of connected devices, and the number of device
connections itself also contains a lot of room for growth. ABI Research, a global technology intelligence market firm, forecasts that the global Wi-Fi IoT market
will grow from about 2.3 billion connections in 2021 to 6.7 billion connections in 2026. The Chinese Wi-Fi IoT market will continue to grow at a CAGR of 29%,
from 252 million connections in 2021 to 916.6 million in 2026.

WiFi technology has been continuously upgraded, and its proportion in mobile device networking reached 56.1% at the end of 2019, occupying a mainstream
position in the market. Wi-Fi is already nearly 100% deployed in smartphones and laptops, and Wi-Fi is rapidly expanding to innovative consumer electronic
devices, vehicles, and other Internet of Things.