Authored By: Sarah
11 Jul 2024

 Wireless Router Market to grow by USD 8094.9 million between 2024-2028

According to a research report “ Wireless Router Market” by End-user (Non-Residential, Residential) Type (Fixed, Mobile) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 8094.9 million at a CAGR of over 9.24% during the forecast period. The surge in demand for advanced smart home appliances, including refrigerators, dishwashers, smart TVs, voice assistance, and microwave ovens, is fueling the need for wireless routers. These devices, which are integral components of the IoT and wireless connecting technology, enable seamless connectivity to the cloud or software platforms for autonomous functioning. Key markets, such as the US, Canada, the UK, Germany, and France, are leading the adoption of these innovative smart home systems, thereby driving demand for wireless routers in households. The integration of artificial intelligence-enabled smart home controllers and hubs facilitates remote control and management of appliances, further bolstering the market growth..

Browse market data tables, figures, and in-depth TOC on “Wireless Router Market” by End-user (Non-Residential, Residential) Type (Fixed, Mobile) Geography (North America, Europe, APAC, South America, Middle East and Africa) Global Forecast to 2028.

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By End-user, the Non-Residential segment is projected to dominate the market size in 2024.

In the dynamic business landscape, the Wireless Router Market continues to thrive, driven by the increasing demand for seamless connectivity. With advancements in technology, these devices offer superior performance, security features, and ease of use, making them indispensable for both small businesses and large enterprises. The market's growth is further fueled by the proliferation of IoT devices and the shift towards remote work and learning, necessitating robust wireless infrastructure.

By Type, Fixed  segment is expected to hold the largest market size for the year 2024.

In the dynamic business landscape, the Wireless Router Market continues to thrive, driven by the increasing demand for seamless connectivity. With advancements in technology, these devices offer superior performance, security features, and ease of use, making them indispensable for both small businesses and large enterprises. The market's growth is further fueled by the proliferation of IoT devices and the shift towards remote work and learning, necessitating robust wireless infrastructure.

North America is forecasted to hold the largest market size by region in 2024.

In the dynamic business landscape, the Wireless Router Market continues to thrive, driven by the increasing demand for seamless connectivity. With advancements in technology, these devices offer superior performance, security features, and ease of use, making them indispensable for both small businesses and large enterprises. The market's growth is further fueled by the proliferation of IoT devices and the shift towards remote work and learning, necessitating robust wireless infrastructure.

The Wireless Router Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Adtran Holdings Inc.
  • Amped Wireless
  • ASUSTeK Computer Inc.
  • Broadcom Inc.
  • Buffalo Americas Inc.
  • China Huaxin Post and Telecom Technologies Co. Ltd.
  • Cisco Systems Inc.
  • D Link Corp.
  • DrayTek Corp.
  • EDIMAX Technology Co. Ltd.
  • Extreme Networks Inc.
  • Hon Hai Precision Industry Co. Ltd.
  • Huawei Investment & Holding Co., Ltd.
  • Juniper Networks Inc.
  • MERCUSYS Technologies Co. Ltd. 
  • Netgear Inc.
  • Shenzhen Tenda Technology Co. Ltd.
  • SIA Mikrotikls
  • TP Link Corp. Ltd.
  • Xiaomi Communications Co. Ltd.
.

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Research Analysis Overview

In the dynamic world of modern technology, the demand for reliable and high-performance wireless connectivity solutions continues to grow. The Wireless Router Market encompasses a wide range of devices designed to cater to various connectivity needs, including tri-band, dual-band, and single-band wireless routers. These routers are essential for Home Office environments, enabling M2M communication, Mobile Broadband, and high-speed internet access for an array of connected devices such as Wi-Fi 6E routers, Wi-Fi 6, 5G Infrastructure, Security cameras, Speakers, Smart TVs, and Smart Home Gadgets. Bandwidth-intensive apps and smart home devices require robust wireless-only LANs to ensure seamless functionality. Private computer networks rely on wireless access points and routers to securely connect laptops and other computers to the internet. Overall, the Wireless Router Market plays a pivotal role in providing essential network infrastructure for our increasingly interconnected world.

Market Research Overview

The Wireless Router Market encompasses a wide range of technologies and applications, including Home Office, Entertainment, and Industrial settings. Key wireless standards such as Wi-Fi 6 (802.11ax), Wi-Fi 5 (802.11ac), and Wi-Fi 4 (802.11n) are driving the market forward, providing higher bandwidths and superior performance for smart devices, mobile broadband, and Tri-Band, Dual Band, and Single Band routers. Technological Fragmentation and the rise of Mesh networking systems, like those from D-Link, are addressing Limited Coverage concerns in both Business and Residential settings. However, Privacy Concerns and Cybersecurity risks, including Unauthorized access, Malware, and Ransomware, necessitate Security Worries and the implementation of advanced security features in wireless routers from various manufacturers. The market is witnessing a surge in demand due to the increasing use of 5G, Next-Generation Connectivity, and the Internet Penetration in various sectors, including Retail, Telecommunications, Financial Services Industry, and Healthcare. Applications such as Online Learning, Distant Work, and Bandwidth-intensive apps require Dependable Internet Access and High-Speed Internet, making secure and reliable wireless routers essential for both consumers and businesses.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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