According to Renub Research’s latest report, “Wireless Router Market, Size, Global Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis” Global Wireless Routers Market was US$ 11.43 Billion in 2022. A wireless router is an appliance that enables various devices to link to the internet wirelessly. It acts as a central hub for communication between the devices on a network and the internet. A wireless router receives signals from a broadband modem. It converts them into wireless signals that can be accessed by machines equipped with Wi-Fi technology, such as laptops, smartphones, and tablets. The wireless router also typically includes network security and management tools like firewalls and parental controls. The development of new wireless technologies, such as Wi-Fi 6, has led to faster and more reliable wireless connectivity, driving the demand for new wireless routers. In addition, e-commerce has made it simple for customers to purchase wireless routers, increasing sales.
Wireless Router Market is expected to expand at a CAGR of 8.30% from 2022 to 2028
The growing adoption of smart home devices, such as smart speakers and security cameras, has increased the need for wireless routers with stronger and more reliable connectivity. In addition, the surge in internet-enabled devices, such as smartphones, tablets, and laptops, have increased the demand for wireless routers.
For instance, Ericsson Mobility Report 2021 projects that approximately 3.5 Billion 5G subscriptions, which account for around 40% of all mobile subscriptions, will be present globally by the end of 2026. This growth in 5G subscriptions will increase the number of connected devices in residential settings. Furthermore, the COVID-19 pandemic has also accelerated the shift towards online activities, further boosting the demand for reliable internet connectivity.
More Devices in Households mean more Demand for Dual-band Wireless Routers
Dual-band wireless routers provide better coverage and faster internet speeds, making them suitable for multiple devices with varying bandwidth requirements. They are popular due to their ability to handle higher bandwidths and reduce interference from other devices, especially with the development of new Wi-Fi standards such as Wi-Fi 6 (802.11ax).
In addition, the increasing use of streaming services, online gaming, and other bandwidth-intensive applications has driven the need for high-speed internet connections that dual-band wireless routers can provide. Moreover, the competitive pricing of dual-band wireless routers has made them more accessible to consumers.
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Advanced Security Features make Wireless Routers a Secure Solution for Government Organizations, Driving Increased Usage
As mobile devices become more prevalent, government organizations need secure and convenient ways for employees to access the network and resources remotely. Wireless routers provide a cost-effective solution with advanced security features, including WPA2 and WPA3 encryption standards. In addition, they are easy to install and enable remote access to a network, making them a popular choice for government organizations in remote locations or with limited infrastructure. They are also scalable and can accommodate increasing numbers of users and devices.
Increasing Internet Penetration Rates Fuel the Growth of the Wireless Router Market in Asia
The increasing adoption of mobile devices, rising internet penetration rates, and growing demand for high-speed internet add to the Asia wireless routers market growth. The region’s expanding population and disposable incomes have fuelled the demand for internet-enabled devices. Furthermore, innovative city projects, e-commerce, and online gaming have contributed to the market’s growth. The Indian government’s Digital India initiative has played a part in this growth, with the number of internet users in the country reaching more than 830 million in 2022.
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Competitive Landscape:
Comcast, Cisco, Lumen Technology, AT&T, Verizona, Charter Communications, Viasat, and Netgear are the competitors in the Wireless Routers Market. The competition in the wireless router market is fierce, with companies constantly innovating and improving their products to meet the growing demand for high-speed, reliable, and secure wireless connectivity.
Component Analysis have been covered from 3 Viewpoints
- Single Band Wireless Router
- Dual Band Wireless Router
- Tri Band Wireless Router
End User Analysis have been covered from 6 Viewpoints
- BFSI
- Government
- IT & Telecom
- Retail
- Healthcare
- Other
Region Analysis have been covered from 6 Viewpoints
- North America
- Latin America
- Western Europe
- Central & Eastern Europe
- Middle east & Africa
- Asia
All the Company Analysis have been covered from 3 Viewpoints
- Overview
- Recent Developments
- Sales Analysis
Company Analysis
- Cisco
- AT &T
- Verizona
- Comcast
- Charter Communications
- Lumen Technology
- Viasat
- Netgear
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