Overview and Scope
A home-use wireless fidelity (Wi-Fi) router is a networking device designed for residential environments to provide wireless internet connectivity to multiple devices within a household. It serves as a central hub for distributing internet access from the broadband connection provided by an internet service provider (ISP) to various devices such as smartphones, tablets, laptops, and more.
Sizing and Forecast
The home use Wi-Fi router market size has grown strongly in recent years. It will grow from $4.06 billion in 2023 to $4.37 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to the rise of smart home devices, increasing data consumption, e-commerce growth, increased connectivity needs, and rapid urbanization.
The home use Wi-Fi router market size is expected to see strong growth in the next few years. It will grow to $5.95 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to increasing internet penetration, 5G deployment, smart home expansion, rising data consumption, and cloud-based services. Major trends in the forecast period include Wi-Fi 6 adoption, 5G integration, smart home integration, AI-powered networking, and cloud-based management.
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Segmentation & Regional Insights
The home use wi-fi router market covered in this report is segmented –
1) By Type: Speed And Capacity, Wi-Fi Standards
2) By Technology: Dual-Band And Tri-Band Routers, Mesh Wi-Fi Systems
3) By Application: Gaming Routers, Streaming Routers, General-Use Routers
North America was the largest region in the home use Wi-Fi router market in 2023. The regions covered in the home use wi-fi router market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing internet penetration is expected to propel the growth of the home WiFi router market going forward. Internet penetration refers to the percentage of the population within a specific geographical area with Internet access. Internet penetration is due to communication, e-commerce, entertainment, remote work and education, social media and networking, and digital transformation. Home-use WiFi routers significantly contribute to the growth of internet penetration by providing convenient, affordable, and reliable connectivity options for households, thereby facilitating increased internet usage among individuals and families. For instance, in September 2023, according to the International Telecommunication Union, a Switzerland-based United Nations agency for information and communication technologies, 67% of the world’s population, or 5.4 billion people, were currently using the Internet, compared to 5.3 billion people (66% of the world’s population) in 2022. Therefore, the growing internet penetration is driving the growth of the home WiFi router market.
Key Industry Players
Major companies operating in the home use wi-fi router market are Google LLC, Samsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., ASUSTeK Computer Inc., Motorola Solutions Inc., NortonLifeLock Inc., TP-Link Corporation Limited, Ubiquiti Networks Inc., Netgear Inc., D-Link Corporation, ASRock Inc., ZyXEL Communications Corporation, MikroTik, Edimax Technology Co. Ltd., Billion Electric Co. Ltd., Shenzhen Tenda Technology Co. Ltd., Linksys Holdings Inc., Securifi Inc., EnGenius Technologies Inc., Keenetic Limited, Open Mesh Inc., Gryphon Online Safety Inc., MERCUSYS Technologies Co. Ltd. , ARRIS International plc
The home use wi-fi router market report table of contents includes:
1. Executive Summary
2. Home Use Wi-Fi Router Market Characteristics
3. Home Use Wi-Fi Router Market Trends And Strategies
4. Home Use Wi-Fi Router Market – Macro Economic Scenario
5. Global Home Use Wi-Fi Router Market Size and Growth
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32. Global Home Use Wi-Fi Router Market Competitive Benchmarking
33. Global Home Use Wi-Fi Router Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Home Use Wi-Fi Router Market
35. Home Use Wi-Fi Router Market Future Outlook and Potential Analysis
35.3.2 Competitor Strategies
36. Appendix
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