WiFi Routers Market Synopsis

WiFi Routers Market size is projected to reach USD 30.98 Million by 2032 from an estimated USD 13.94 Million in 2023, growing at a CAGR of 9.28 % globally.

WiFi routers are the central devices in wireless local area networks, that provide internet connectivity and allow several devices to communicate with each other without a fixed wired connection. They work as a receiver by receiving data packets from the internet through a modem and relay this data to connected devices like smartphones, laptops, tablets, and smart home devices through radio frequencies. Most WiFi routers are configured to operate on numerous bands of frequency such as 2. bands of 4 GHz and 5 GHz, and it can support various wireless standards such as wireless 802. 11ac or 802. 11ax (Wi-Fi 6). They are indispensable for many aspects like protection of the network through encryption, management of the network and QoS to be used to classify some kinds of traffic. Wireless routers provide critical support to contemporary connectivity by allowing convenient internet connectivity and network connection in homes, offices, and other establishments.

• The WiFi routers market is fairly growing at a fast pace due to factors such as rising usage of additional connected devices, the growing need for faster internet connection, and various other opportunities in the multiple industries. In light of the increased popularity of smart homes, remote work and digital entertainment, consumers require a stable and a fast signal of Wi-Fi hence the need for more enhanced routers with features such as longer range, faster speed and better security features.
• Additionally, new technologies like the WiFi 6 (802. 11ax) standard and the use of mesh networking solutions to address ever changing customer demands for efficient connectivity in home and business environments are also influencing the overall market dynamics. Consequently, the WiFi routers market is expected to maintain its growth trajectory and momentum based on new ideas, improvements, integration into people’s lives, and infrastructure development.

WiFi Routers Market Trend Analysis

Increasing adoption of WiFi 6 (802.11ax) technology

• WiFi 6 offers significant advancements over previous WiFi standards, including higher data transfer speeds, improved network efficiency, and better performance in crowded environments with multiple connected devices. As consumers and businesses continue to rely on WiFi for various activities such as streaming, gaming, remote work, and IoT device connectivity, the demand for WiFi 6 routers is growing rapidly. Manufacturers are introducing a wide range of WiFi 6-enabled routers to meet this demand, catering to the need for faster and more reliable wireless connectivity in homes, offices, public spaces, and industrial environments. This trend is expected to drive market growth and innovation in the WiFi routers segment as WiFi 6 technology becomes increasingly mainstream.

Smart Home Ecosystems

• WiFi 6 brings improvements over the prior versions of WiFi standards, it delivers faster data rates, enhanced network capacity and reduced interference in congested environments with many connected devices. The consumption of internet services and applications has further advanced with the use of WiFi for streaming, gaming, work from home, and to support the IoT devices the demand for WiFi 6 routers is increasing at a very fast pace. Many router makers are releasing WiFi 6 routers to address this need for faster and better wireless connectivity in households, offices, commercial facilities, and industrial sectors. This has made it possible to predict the direction that the WiFi routers market will take, especially in the segment dominated by WiFi 6 technology.

WiFi Routers Market Segment Analysis:

WiFi Routers Market is segmented on the basis of type and application.

By Type, Single Band Router segment is expected to dominate the market during the forecast period

• The Single Band Router segment is expected to take the lion share in the WiFi routers market during the assessed period. Even today there is a big demand for single band routers because they are affordable and are easily available in the market regardless of the superior technology available in the multifaceted routers present today. As earlier mentioned, single band routers are mainly aimed at thee low-end market and those who do not require high speed internet since they only support the 2. 2. 4 GHz frequency band, although an important frequency, is more suitable for basic activities like web browsing, e-mailing, and social networking.
• Furthermore, they are still used in areas where there is scant usage of the WiFi bandwidth or in places where the dual band or better routers are not seen as essential. Since the internet services are gaining more traction around the world and continued demand of the entry level networking products, the Single Band Router segment is expected to remain dominant as a basic and affordable solution for millions of users who need wireless connectivity in their homes, small offices and new markets.

By Application, Residential segment is expected to held the largest share in 2023

• Based on the segmentation of the WiFi routers market, the residential segment is expected to dominate the market, as consumers worldwide continue to seek high-quality internet connectivity in their homes. The modern consumer needs reliable WiFi to accommodate all aspects of the digital lifestyle, from smart devices to streaming, telecommuting, and virtual learning. The consumers of routers in residential applications look for the devices that provide adequate coverage, high data throughput, and other features like parental control, guest networks, and internet of things compatibility.
• Also, the continuous growth of urban and suburban settings plus the increase use of internet in developing nation boosts the need for WiFi routers in homes. As the development of WiFi continues, including the new WiFi 6 standards and the introduction of the mesh networking solutions, manufacturers have the opportunity to expand on the new residential market by providing new products that will help to meet the needs of contemporary homes.

WiFi Routers Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• Emerging as a leader within the given period, Asia Pacific region is expected to lead the WiFi routers market for several reasons. The growth in the urban population, growth of internet usage, and the growing population of the middle income group in the Asia Pacific region has lead to a growing demand for faster internet connection and connected devices. The large population in the region, increased use of smartphones and increased network connectivity and availability of routers provides a perfect breeding ground for WiFi routers. Furthermore, governments across the globe have been involving themselves in programs that support the digitalization and closing the digital gap, which helps in increasing the demand for WiFi routers in the residential and business segments.
• Moreover, smart cities, IoT solutions, and even the advent of new technologies like 5G have become vital for advanced networking solutions, making Asia Pacific an ideal location for WiFi router manufacturers and vendors looking for lucrative opportunities for growth.

Active Key Players in the WiFi Routers Market

• Cisco Systems, Inc. (United States)
• TP-Link Technologies Co., Ltd. (China)
• NETGEAR Inc. (United States)
• ASUSTek Computer Inc. (Taiwan)
• Huawei Technologies Co., Ltd. (China)
• D-Link Corporation (Taiwan)
• Xiaomi Corporation (China)
• Linksys (United States)
• ARRIS International plc (United States)
• Tenda Technology Inc. (China) Other key Players

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. WIFI ROUTERS MARKET BY TYPE (2017-2030)
   1. WIFI ROUTERS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. SINGLE BAND ROUTER
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. DUAL-BAND ROUTER
   5. TRI-BAND ROUTER
   6. MESH ROUTER
   7. GIGABIT ROUTER
7. WIFI ROUTERS MARKET BY APPLICATION (2017-2030)
   1. WIFI ROUTERS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. RESIDENTIAL
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. COMMERCIAL
   5. INDUSTRIAL
   6. PUBLIC SECTOR 
   7. TRANSPORTATION
8. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. Personal Cooling Device Market Share By Manufacturer (2022)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. CISCO SYSTEMS, INC. (UNITED STATES)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. TP-LINK TECHNOLOGIES CO., LTD. (CHINA)
   4. NETGEAR INC. (UNITED STATES)
   5. ASUSTEK COMPUTER INC. (TAIWAN)
   6. HUAWEI TECHNOLOGIES CO., LTD. (CHINA)
   7. D-LINK CORPORATION (TAIWAN)
   8. XIAOMI CORPORATION (CHINA)
   9. LINKSYS (UNITED STATES)
   10. ARRIS INTERNATIONAL PLC (UNITED STATES)
   11. TENDA TECHNOLOGY INC. (CHINA)
9. GLOBAL WIFI ROUTERS MARKET BY REGION
   1. OVERVIEW
   2. NORTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Type
      4. Historic And Forecasted Market Size By Application
      5. Historic And Forecasted Market Size By Country
         1. USA
         2. Canada
         3. Mexico
   3. EASTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Russia
         2. Bulgaria
         3. The Czech Republic
         4. Hungary
         5. Poland
         6. Romania
         7. Rest Of Eastern Europe
   4. WESTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Germany
         2. United Kingdom
         3. France
         4. The Netherlands
         5. Italy
         6. Spain
         7. Rest Of Western Europe
   5. ASIA PACIFIC
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Malaysia
         6. Thailand
         7. Vietnam
         8. The Philippines
         9. Australia
         10. New-Zealand
         11. Rest Of APAC
   6. MIDDLE EAST & AFRICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Turkey
         2. Bahrain
         3. Kuwait
         4. Saudi Arabia
         5. Qatar
         6. UAE
         7. Israel
         8. South Africa
   7. SOUTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Brazil
         2. Argentina
         3. Rest of South America
10. INVESTMENT ANALYSIS
11. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. WIFI ROUTERS MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. WIFI ROUTERS MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. WIFI ROUTERS MARKET COMPETITIVE RIVALRY
TABLE 005. WIFI ROUTERS MARKET THREAT OF NEW ENTRANTS
TABLE 006. WIFI ROUTERS MARKET THREAT OF SUBSTITUTES
TABLE 007. WIFI ROUTERS MARKET BY TYPE
TABLE 008. FIXED WIFI ROUTER MARKET OVERVIEW (2016-2028)
TABLE 009. MOBILE WIFI ROUTER MARKET OVERVIEW (2016-2028)
TABLE 010. WIFI ROUTERS MARKET BY END USER
TABLE 011. RESIDENTIAL MARKET OVERVIEW (2016-2028)
TABLE 012. COMMERCIAL MARKET OVERVIEW (2016-2028)
TABLE 013. NORTH AMERICA WIFI ROUTERS MARKET, BY TYPE (2016-2028)
TABLE 014. NORTH AMERICA WIFI ROUTERS MARKET, BY END USER (2016-2028)
TABLE 015. N WIFI ROUTERS MARKET, BY COUNTRY (2016-2028)
TABLE 016. EUROPE WIFI ROUTERS MARKET, BY TYPE (2016-2028)
TABLE 017. EUROPE WIFI ROUTERS MARKET, BY END USER (2016-2028)
TABLE 018. WIFI ROUTERS MARKET, BY COUNTRY (2016-2028)
TABLE 019. ASIA PACIFIC WIFI ROUTERS MARKET, BY TYPE (2016-2028)
TABLE 020. ASIA PACIFIC WIFI ROUTERS MARKET, BY END USER (2016-2028)
TABLE 021. WIFI ROUTERS MARKET, BY COUNTRY (2016-2028)
TABLE 022. MIDDLE EAST & AFRICA WIFI ROUTERS MARKET, BY TYPE (2016-2028)
TABLE 023. MIDDLE EAST & AFRICA WIFI ROUTERS MARKET, BY END USER (2016-2028)
TABLE 024. WIFI ROUTERS MARKET, BY COUNTRY (2016-2028)
TABLE 025. SOUTH AMERICA WIFI ROUTERS MARKET, BY TYPE (2016-2028)
TABLE 026. SOUTH AMERICA WIFI ROUTERS MARKET, BY END USER (2016-2028)
TABLE 027. WIFI ROUTERS MARKET, BY COUNTRY (2016-2028)
TABLE 028. ASUSTEK COMPUTER INC.: SNAPSHOT
TABLE 029. ASUSTEK COMPUTER INC.: BUSINESS PERFORMANCE
TABLE 030. ASUSTEK COMPUTER INC.: PRODUCT PORTFOLIO
TABLE 031. ASUSTEK COMPUTER INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 031. CISCO SYSTEMS INC.: SNAPSHOT
TABLE 032. CISCO SYSTEMS INC.: BUSINESS PERFORMANCE
TABLE 033. CISCO SYSTEMS INC.: PRODUCT PORTFOLIO
TABLE 034. CISCO SYSTEMS INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 034. NETGEAR INC.: SNAPSHOT
TABLE 035. NETGEAR INC.: BUSINESS PERFORMANCE
TABLE 036. NETGEAR INC.: PRODUCT PORTFOLIO
TABLE 037. NETGEAR INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 037. VERIZON COMMUNICATIONS INC.: SNAPSHOT
TABLE 038. VERIZON COMMUNICATIONS INC.: BUSINESS PERFORMANCE
TABLE 039. VERIZON COMMUNICATIONS INC.: PRODUCT PORTFOLIO
TABLE 040. VERIZON COMMUNICATIONS INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 040. D-LINK CORP.: SNAPSHOT
TABLE 041. D-LINK CORP.: BUSINESS PERFORMANCE
TABLE 042. D-LINK CORP.: PRODUCT PORTFOLIO
TABLE 043. D-LINK CORP.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. HUAWEI INVESTMENT AND HOLDING CO. LTD.: SNAPSHOT
TABLE 044. HUAWEI INVESTMENT AND HOLDING CO. LTD.: BUSINESS PERFORMANCE
TABLE 045. HUAWEI INVESTMENT AND HOLDING CO. LTD.: PRODUCT PORTFOLIO
TABLE 046. HUAWEI INVESTMENT AND HOLDING CO. LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. INTEL CORP.: SNAPSHOT
TABLE 047. INTEL CORP.: BUSINESS PERFORMANCE
TABLE 048. INTEL CORP.: PRODUCT PORTFOLIO
TABLE 049. INTEL CORP.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. LEGRAND AV INC.: SNAPSHOT
TABLE 050. LEGRAND AV INC.: BUSINESS PERFORMANCE
TABLE 051. LEGRAND AV INC.: PRODUCT PORTFOLIO
TABLE 052. LEGRAND AV INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. SAMSUNG ELECTRONICS CO. LTD.: SNAPSHOT
TABLE 053. SAMSUNG ELECTRONICS CO. LTD.: BUSINESS PERFORMANCE
TABLE 054. SAMSUNG ELECTRONICS CO. LTD.: PRODUCT PORTFOLIO
TABLE 055. SAMSUNG ELECTRONICS CO. LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. ZTE CORP.: SNAPSHOT
TABLE 056. ZTE CORP.: BUSINESS PERFORMANCE
TABLE 057. ZTE CORP.: PRODUCT PORTFOLIO
TABLE 058. ZTE CORP.: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. WIFI ROUTERS MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. WIFI ROUTERS MARKET OVERVIEW BY TYPE
FIGURE 012. FIXED WIFI ROUTER MARKET OVERVIEW (2016-2028)
FIGURE 013. MOBILE WIFI ROUTER MARKET OVERVIEW (2016-2028)
FIGURE 014. WIFI ROUTERS MARKET OVERVIEW BY END USER
FIGURE 015. RESIDENTIAL MARKET OVERVIEW (2016-2028)
FIGURE 016. COMMERCIAL MARKET OVERVIEW (2016-2028)
FIGURE 017. NORTH AMERICA WIFI ROUTERS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 018. EUROPE WIFI ROUTERS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 019. ASIA PACIFIC WIFI ROUTERS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 020. MIDDLE EAST & AFRICA WIFI ROUTERS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. SOUTH AMERICA WIFI ROUTERS MARKET OVERVIEW BY COUNTRY (2016-2028)