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