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Wireless Router Market Size, Analysis, Share & Forecast 2031

Wireless Router Market

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Segments - by Component Types (Products [Single Band, Dual Band, and Tri Band] and Services), End-users (Residential and Commercial [BFSI, Education, Healthcare, Media and Entertainment, and Others]), and Regions (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author :

Raksha Sharma

Fact-checked by :

Amulya Agarwal

Editor :

Shruti Bhat

Report Description

The wireless router market size was valued at USD 17.51 Billion in 2022 and is projected to reach USD 36.19 Billion by 2031, expanding at a CAGR of 8.4% during the forecast period, 2023 – 2031. The growth of the market is attributed to increasing demand for IT peripherals, including wireless routers. Moreover, regularly standards set for improving the routers is driving the market growth.

A wireless router, also called a Wi-Fi router, combines the functions of a wireless access network with a router. A router connects local networks to other local networks or to the Internet. A wireless router is sometimes called a WLAN (local area network).

This wireless technology allows smartphones, tablets, and laptops to communicate without direct Ethernet cable, network cables, landline phones, or other physical communications. A modern wireless router provides features such as guest networks, limits on the Internet usage mid-week nights, and file sharing capabilities. It allows allow attachment of external HD to NAS-enabled backup devices.

Wireless Router Market Trends, Drivers, Restraints, and Opportunities

Rising smartphone sales and increasing demand for uninterrupted Internet are one of the major drivers that is contributing to the growth of the wireless router market.
Growing number of capabilities of wireless router is expected to augment the market growth.
High cost of wireless router sensors can restrain the market growth
Dynamic router communications can cause additional network overhead, which results into less bandwidth for user data. Thus, such factors can hinder the market growth.
The outbreak of COVID-19 has positively impacted the wireless router market owing to the rising trend of work from home across the globe.

Scope of Wireless Router Market Report

The report on the wireless router market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Wireless Router Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Types (Products [Single Band, Dual Band, and Tri Band] and Services), End-users (Residential and Commercial [BFSI, Education, Healthcare, Media and Entertainment, and Others])
Regional scope	North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	ASUSTeK Computer Inc., Netgear Inc., D-Link Corporation, Huawei Technologies Co. Limited, and Xiaomi Inc.

Wireless Router Market Segment Insights

Services segment to account a major market share

Based on component types, the market is divided into product and services. The product segment is further divided into single band, dual band, and tri band. The product segment is anticipated to account for a major market share due to rising use of tri-band architecture among wireless routers. A front haul channel enables immediate connection to the devices. This characteristic dramatically improves efficiency by up to 50% as compared to dual-band Wi-Fi systems. This allows more devices to be brought onto one network.

Commercial segment to hold a significant market share

Based on end-users, the market is bifurcated into residential and commercial. The commercial segment is further divided into BFSI, education, healthcare, media and entertainment, and others. The latter segment is anticipated to hold a significant market share in the projected timeline. Wireless routers used in commercial segment allow users to connect devices to a business network and access the Internet, as well as allows companies to send critical business data to employees.

North America to represent a considerable market share

On the basis of regions, the market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America is anticipated to represent a considerable market share during the forecast period. The presence of major technological giants, such as Cisco, D-Link, and TP-Link and early adoption of technological trends are driving the growth of the market in the region. Moreover, the fixed broadband market in North America is mature. More than three out of four US households are anticipated to have a fixed broadband connection during the forecast period.

Segments

The global wireless router market has been segmented on the basis of

Component Types

Products
- Single Band
- Dual Band
- Tri Band
Services

End-users

Residential
Commercial
- BFSI
- Education
- Healthcare
- Media and Entertainment
- Others

Regions

North America
Europe
Asia Pacific
Latin America
Middle East and Africa.

Key Players

ASUSTeK Computer Inc.
Netgear Inc.
D-Link Corporation
Huawei Technologies Co. Limited
Xiaomi Inc.

Competitive Landscape

The major players of the market are ASUSTeK Computer Inc., Netgear Inc., D-Link Corporation, Huawei Technologies Co. Limited, and Xiaomi Inc.

Companies are leveraging strategic collaborative initiatives to increase their market share and also focusing on joint ventures and acquisitions to expand their market share.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wireless Router Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Wireless Router Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Wireless Router Market - Supply Chain
  4.5. Global Wireless Router Market Forecast
     4.5.1. Wireless Router Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Wireless Router Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Wireless Router Market Absolute $ Opportunity
5. Global Wireless Router Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Wireless Router Market Size and Volume Forecast by Types
     5.3.1. Products
     5.3.2. Services
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Wireless Router Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Wireless Router Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Wireless Router Demand Share Forecast, 2019-2026
7. North America Wireless Router Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Wireless Router Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Wireless Router Market Size and Volume Forecast by Types
     7.4.1. Products
     7.4.2. Services
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Wireless Router Demand Share Forecast, 2019-2026
8. Latin America Wireless Router Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Wireless Router Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Wireless Router Market Size and Volume Forecast by Types
     8.4.1. Products
     8.4.2. Services
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Wireless Router Demand Share Forecast, 2019-2026
9. Europe Wireless Router Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Wireless Router Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Wireless Router Market Size and Volume Forecast by Types
     9.4.1. Products
     9.4.2. Services
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Wireless Router Demand Share Forecast, 2019-2026
10. Asia Pacific Wireless Router Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Wireless Router Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Wireless Router Market Size and Volume Forecast by Types
     10.4.1. Products
     10.4.2. Services
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Wireless Router Demand Share Forecast, 2019-2026
11. Middle East & Africa Wireless Router Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Wireless Router Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Wireless Router Market Size and Volume Forecast by Types
     11.4.1. Products
     11.4.2. Services
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Wireless Router Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Wireless Router Market: Market Share Analysis
  12.2. Wireless Router Distributors and Customers
  12.3. Wireless Router Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. ASUSTeK Computer Inc.
     12.4.2. Netgear Inc.
     12.4.3. D-Link Corporation
     12.4.4. Huawei Technologies Co. Limited
     12.4.5. Xiaomi Inc.

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