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
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).
View the FREE Sample Report for insights into the contribution of all the segments and regional opportunities in the report.
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.
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.
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Type
Market Segmentation by Distribution Channel
Market Segmentation by Geography
Drivers, Challenges, & Trends
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