Home Wi-Fi Router Market to grow by USD 2.21 billion from 2022 to 2027, High internet penetration with increasing online content is a key factor driving growth. - Technavio

NEW YORK, Sept. 19, 2023 /PRNewswire/ -- The "home Wi-Fi router market by type (fixed Wi-Fi router and mobile Wi-Fi router), distribution channel (offline and online), and geography  (North America, APAC, Europe, South America, and Middle East and Africa) - Forecast and Analysis 2023-2027" report has been added to Technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the home Wi-Fi router market between 2022 to 2027 is USD 2.21 billion, according to Technavio. High internet penetration with increasing online content is a key factor driving market growth. The use of the Internet in daily life and important activities is one of the major factors contributing to the market growth. Furthermore, the OTT market has seen strong growth and is expected to witness significant growth in the future. A shift in the content of video has taken place between short cinema and longer, more informative films which could be seen as television series. The content offered by OTT service providers such as Netflix and Amazon.com, Inc. Amazon Prime Video is specific to the country. At the same time, this service also offers content with HD or HDR quality and requires a robust Internet connection to access it. Investing in advanced home Wi-Fi routers is supported by a growing Internet audience. Hence, these factors are expected to drive market growth during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here

Market Challenge 

Inferior network infrastructure in developing regions is a significant challenge restricting market growth. 

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The home Wi-Fi router market is segmented by type (fixed Wi-Fi router and mobile Wi-Fi router), distribution channel (offline and online), and geography  (North America, APAC, Europe, South America, and the Middle East and Africa). 

• The market share growth by the fixed WI-FI router segment will be significant during the forecast period. Fixed Wi-Fi router solution requires initial investment and higher cost than mobile Wi-Fi router. North America and Western Europe are in high demand for high-speed and advanced  Wi-Fi routers due to the widespread use of these routers in the e-learning and OTT services industry. The market will be driven by factors like increasing consumption of Internet content and the increased use of home appliances that are linked to it. Advanced WiFI router is used to provide high Internet connection for intelligent devices such as TVs, refrigerators, and air conditioners. Hence, these factors are expected to drive segment growth during the forecast period. 

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Key Companies in the Home Wi-Fi Router Market:

Actiontec Electronics Inc., Alphabet Inc., Amped Wireless, ASUSTeK Computer Inc., Cisco Systems Inc., devolo AG, D Link Corp., Hon Hai Precision Industry Co. Ltd., Huawei Technologies Co. Ltd., Intel Corp., Legrand SA, Netgear Inc., Nokia Corp., Samsung Electronics Co. Ltd., Shenzhen Tenda Technology Co. Ltd., TP Link Corp. Ltd., Ubiquiti Inc., Unizyx Holding Corp., Verizon Communications Inc., and ZTE Corp.

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The Wi-Fi Chipset Market size is estimated to grow at a CAGR of 5.78% between 2022 and 2027. The market size is forecast to increase by USD 7,019.03 million. This Wi-Fi chipset market report extensively covers market segmentation by type (dual-band, tri-band, and single-band), application (consumer devices, smart home devices, gaming devices, drones, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa).  One of the key factors driving the Wi-Fi chipset market growth is the growing Internet penetration globally. 

The Wireless Chipset Market size is estimated to grow at a CAGR of 4.35% between 2022 and 2027. The market size is forecast to increase by USD 17,079.64 million.  This wireless chipset market report extensively covers market segmentation by application (computers and laptops, smartphones and wearable, routers, in-vehicle infotainment systems, and others), type (Wi-Fi chipsets, wireless display/video chipsets, WiMAX chipsets, LTE chipsets, and ZigBee chipsets), and geography (APAC, North America, Europe, Middle East and Africa, and South America). One of the key factors driving the wireless chipset market growth is the growing demand for connectivity in rural and remote areas. 

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Type

Market Segmentation by Distribution Channel

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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