Global Home Wi-Fi Router and Extender Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global Home Wi-Fi Router and Extender Market: Overview
“The global Home Wi-Fi Router and Extender Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
A Wi-Fi router provides internet access to many devices such as laptops, mobile phones, tablets and other connecting smart devices for browsing without the need for wire and cables.
There are several benefits of using Wi-Fi router at home such as checking the web page, reading email, transferring larger files and taking photographs and uploading in social media such Facebook, Instagram can be done much quicker than the mobile network.
Global Home Wi-Fi Router and Extender Market: Dynamics
Increasing adoption of mobile devices & smartphones coupled with an increase in internet bandwidth at home are the major factors expected to drive growth of the global home Wi-Fi router and extender market. In addition, increasing usages of Wi-Fi in connecting home devices, wearable devices, and reduce cost of networking hardware are other factors expected to further fuel growth of the target market in the next coming years.
Furthermore, increasing use of routers in the retail sector, owing to its properties such as the speed with minimal effort, lower cost is a factor expected to augment growth of the Wi-Fi router and extender market to certain extent.
However, rising threat of security breaches is a major factor which may restrain growth of the potential market.
Global Home Wi-Fi Router and Extender Market: Segment Analysis
Among the device segments, the Wi-Fi router segment is expected to account for major revenue contribution, owing to the growing population and the penetration of telecommunication equipment, internet access and home networking devices. In addition, increasing awareness regarding use of technology and gadgets such as tablets, smartphones are other factors expected to fuel growth of the target market.
Among the Wi-Fi router segments, the uplink port segment is expected to register significant revenue share in the global Wi-Fi router and extender market. The uplink port can connect to other routers to the multiple numbers of devices connected to the network.
Global Home Wi-Fi Router and Extender Market: Regional Analysis
Asia Pacific market is estimated to account for major share in terms of revenue in the global home Wi-Fi router and extender market, currently. This can be attributed to increasing demand for home networking, rapid industrialization, and developments in network infrastructure and, increasing penetration of smartphones and internet in countries in the region.
In addition, the rising number of communication service providers in the countries is expected to fuel demand for Wi-Fi router and extender which will propel growth of the target market. Moreover, increasing adoption of internet-based technologically which is expected to support revenue growth of the regional market.
The market in Europe is projected to register substantial growth rate, owing to improving connectivity and speed of the internet, which is expected to create demand for high-end devices such as smartphones. The markets in North America, Latin America, and Middle East & Africa are expected to grow at a moderate rate during the forecast period.
Global Home Wi-Fi Router and Extender Market Segmentation:
Segmentation by device:
- Wi-Fi Router
- Wi-Fi Extender
Segmentation by Wi-Fi Router:
- With Uplink Port
- With Normal Port
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Actiontec Electronics
- ASUSTeK Computer Inc
- Belkin International, Inc.
- Cisco Systems Inc
- Dell Inc
- Devolo AG
- D-Link Corporation
- Huawei Technologies Co., Ltd.
- Intel Corporation
- Legrand SA
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