Wireless Router Market 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) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The Wireless router market size is anticipated to expand at a robust CAGR during the forecast period, 2021-2028. 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.
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 the 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 |
2020 |
|
Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
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.
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 (000’ 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.
Component Types
- Products
- Single Band
- Dual Band
- Tri Band
- Services
- Residential
- Commercial
- BFSI
- Education
- Healthcare
- Media and Entertainment
- Others
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa.
- ASUSTeK Computer Inc.
- Netgear Inc.
- D-Link Corporation
- Huawei Technologies Co. Limited
- Xiaomi Inc.
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.
Our Clients
Related Reports
Some other reports from this category!
