The global Wi-Fi home router market is anticipated to grow at a CAGR of 10.1 % during the forecast period (2022-2028). The global Wi-Fi home router market is growing due to the increasing adoption of wireless routers among IT companies to receive information and transmit information with enhanced security. The rising demand for high-speed internet connectivity technology which allows several benefits such as collecting operational data from remote equipment and helps the online banking service is also expected to support the growth of the market.
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The increasing use of the internet coupled with the easy availability of smartphones is further expected to propel the growth of the market during the forecast period. The rise in disposable income in emerging economic countries along with rapid urbanization is also boosting the growth of the market. The changing consumer preference coupled with increasing expenditure towards technologies as a part of their daily lifestyle is expected to surge the number of home Wi-Fi routers during the forecast period. The rising issue with local network and their tower unavailability in certain regions unable the consumer to use the internet in remote areas which is impacting the growth of the market over the forecast period.
Additionally, the COVID-19 virus has led to lockdowns and shutdowns as per various government regulations which lead to work from home, school from home, and teaching from the home culture which had impacted the market positively during the forecast period. This led to the increasing adoption of Wi-Fi in residences coupled with the easy availability of internet from the local broadband services. Thus, the increasing number of online streaming platform users in Netflix, amazon prime, Apple TV, among others is creating the demand for the Wi-Fi home router market during the forecast period.
Some major players in the market include ASUSTeK Computer Inc., Belkin International, Inc., Cisco Systems Inc., D-link Corp., Eero LLC, TP link Technologies CO. Ltd., and Huawei Technologies Co., Ltd. among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new launches, to stay competitive in the market. For instance,
- In April 2022, NETGEAR announced the launch of RAX10 which is an affordable 4-Stream AX1800 Wi-Fi 6 high network capacity router and is capable of covering up to 7500 square feet of area.
- In January 2022, NETGEAR announced the launch Nighthawk RAXE500 Tri-band Wi-Fi 6E Router which provides speeds up to 7.8Gbps while leveraging the new era of fast connectivity on the 6Ghz band which is free of interference and congestion.
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Market Coverage
- The market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- ASUSTeK Computer Inc., Belkin International, Inc., Cisco Systems Inc., D-link Corp., Eero LLC, TP link Technologies Co. Ltd., Huawei Technologies Co., Ltd., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Wi-Fi Home Router Market Report by Segment
By Type
- Fixed Wi-Fi Router
- Mobile Wi-Fi Router
By Application
- Home Office Using
- Entertainment Using
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