The home use wi-fi router global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Home Use Wi-Fi Router Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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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Scope Of Home Use Wi-Fi Router Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Home Use Wi-Fi Router Market Overview
Market Drivers –
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.
Market Trends –
Major companies operating in the home-use Wi-Fi router market are focused on developing advanced products, such as the AQUILA PRO AI series, to capture a larger market share and meet consumers’ evolving needs. AQUILA PRO AI is a Wi-Fi 6 smart home gateway or Wi-Fi 6 smart mesh router that leverages machine learning algorithms to analyze real-time network traffic patterns, device usage, and environmental factors. This allows for dynamic optimization of the Wi-Fi network, ensuring optimal performance and coverage throughout the home. For instance, in March 2023, D-Link Systems Inc., a China-based networking hardware and telecom equipment manufacturer, launched the AQUILA PRO AI series, created to improve the connectivity and stability of smart home networks. This series consists of six models, such as the MS78, MS60, MS30, M60, M30, and E30, each with unique characteristics to fulfill the different needs of customers. The series is designed to make it easier to set up smart home systems by providing easy software that helps users enroll in Matter-compliant goods and allows for remote control and management of smart home devices.
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
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Regional Insights –
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.
Key Companies –
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
Table of Contents
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
36. Appendix
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