NEW
YORK, Sept. 24, 2024 /PRNewswire/ -- Report on
how AI is driving market transformation- The global wireless router
market size is estimated to grow by USD 8.09
billion from 2024-2028, according to Technavio. The
market is estimated to grow at a CAGR of over 9.24% during
the forecast period. Increasing adoption of smart connected home
systems is driving market growth, with a trend towards increasing
use of wireless router in retail industry. However, inferior
communication network infrastructure in developing regions poses a
challenge. Key market players include Adtran Holdings Inc., Amped
Wireless, ASUSTeK Computer Inc., Broadcom Inc., Buffalo Americas
Inc., China Huaxin Post and Telecom
Technologies Co. Ltd., Cisco Systems Inc., D Link Corp., DrayTek
Corp., EDIMAX Technology Co. Ltd., Extreme Networks Inc., Hon Hai
Precision Industry Co. Ltd., Huawei Investment & Holding Co.,
Ltd., Juniper Networks Inc., MERCUSYS Technologies Co.
Ltd., Netgear Inc., Shenzhen Tenda Technology Co. Ltd., SIA
Mikrotikls, TP Link Corp. Ltd., and Xiaomi Communications Co.
Ltd..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
End-user
(Non-Residential and Residential), Type (Fixed and Mobile), and
Geography (North America, Europe, APAC, South America, and Middle
East and Africa)
|
Region
Covered
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Key companies
profiled
|
Adtran Holdings Inc.,
Amped Wireless, ASUSTeK Computer Inc., Broadcom Inc., Buffalo
Americas Inc., China Huaxin Post and Telecom Technologies Co. Ltd.,
Cisco Systems Inc., D Link Corp., DrayTek Corp., EDIMAX Technology
Co. Ltd., Extreme Networks Inc., Hon Hai Precision Industry Co.
Ltd., Huawei Investment & Holding Co., Ltd., Juniper Networks
Inc., MERCUSYS Technologies Co. Ltd., Netgear Inc., Shenzhen
Tenda Technology Co. Ltd., SIA Mikrotikls, TP Link Corp. Ltd., and
Xiaomi Communications Co. Ltd.
|
Key Market Trends Fueling Growth
In the retail industry, providing a cost-effective and optimal
customer experience is crucial in a highly competitive market.
Wireless connected solutions, including point-of-sale (POS)
systems, vending machines, radio frequency identification systems,
and kiosks, help retailers streamline processes and enhance the
shopping experience. POS systems enable flexible payment options
and improved queue management, creating a better customer
experience. Retail businesses face numerous risks related to
security, safety, communications, and building automation. Remote
monitoring and security systems, such as machine-to-machine (M2M)
security systems, play a vital role in mitigating these risks.
These systems detect intrusion and shoplifting, handle fire and
explosion incidents, and manage access authorizations. Retail
security devices, like security alarms and mechanical security, are
cost-effective solutions to protect merchandise. Technologies like
electronic article surveillance are adopted to prevent shoplifting.
M2M security systems, with declining installation costs and tariff
rates, offer retailers real-time alerts and remote monitoring
capabilities. Wireless routers are essential for the functioning of
POS systems and security systems, enabling seamless information
exchange among multiple devices in the retail sector. These factors
contribute to the growth of the global wireless router market
during the forecast period.
The Wireless Router market is experiencing significant growth
due to the increasing trend of Smart City Initiatives and the need
for connectivity in various infrastructure projects. With the
expansion of intelligent surveillance networks, public Wi-Fi
hotspots, and smart transportation systems, the demand for
high-performance wireless routers is on the rise. Consumer
electronics such as gaming consoles, cellphones, and streaming
devices also contribute to the market's growth. Mesh networking is
a popular trend, with mesh networking systems offering improved
coverage and next-generation connectivity. However, the market
faces challenges such as security worries, cybersecurity risks, and
technological fragmentation due to the proliferation of ransomware,
malware, and unauthorized access. High-end wireless routers are in
demand for both residential and business settings, but their
limited coverage necessitates the use of range extenders. Broadband
connectivity and internet infrastructure investments are crucial
for regulatory compliance requirements, especially in rural areas
where digital services are essential. The market is witnessing the
emergence of 5G, but privacy concerns persist, leading to the
development of privacy-enhancing features and transparent data
practices. Wi-Fi standards, including Wi-Fi 4 (802.11n), Wi-Fi 5
(802.11ac), and Wi-Fi 6 (802.11ax), continue to evolve to meet the
demands of consumers and businesses alike.
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Market Challenges
- A network infrastructure is essential for efficient
Internet communication and multimedia streaming, which involves
Voice over Internet Protocol (VoIP) calls and live streaming of
music and videos. However, several developing countries, including
Bangladesh, Central African Republic, Nepal, and Haiti, lack the necessary Internet network and
telecom infrastructure to support high-speed Internet networks. In
many Asian countries, 4G technology is still in its initial stages,
with Pakistan being one of the
countries yet to witness significant adoption. The absence of 4G
technology can hinder the growth of the wireless router market, as
it is a crucial component of reliable and uninterrupted telecom
services. Moreover, many rural areas in the Asia-Pacific and Middle East and Africa regions are still without 4G
connections, and several developing countries lack geographically
extensive telecom networks. These challenges will restrict the
growth of the global wireless router market during the forecast
period.
- The wireless router market faces challenges in providing
reliable products that support interoperable single-band,
dual-band, and tri-band devices. Interference from frequency bands
can affect dependable internet access, especially during
simultaneous connections. Dual-band routers are popular in
industries like financial services, information technology,
telecommunications, retail, and healthcare for connected devices
such as heart-rate monitoring equipment and patient-centric care
delivery. With the rise of high-speed internet, Wi-Fi 6 standards,
smart homes, and 5G infrastructure, businesses need routers that
can handle bandwidth-intensive apps, smart home gadgets, and
network traffic. D-Link's AI-powered Wi-Fi router and Wi-Fi 6E
routers offer solutions for high-speed connectivity, security
features, and seamless integration with smart devices. Companies
like D-Link are addressing these challenges to meet the demands of
distant work, online learning, and 5G networks for higher
bandwidths and internet penetration.
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Segment Overview
This wireless router market report extensively covers market
segmentation by
- End-user
- 1.1 Non-Residential
- 1.2 Residential
- Type
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Non-Residential- The Wireless Router
Market is experiencing significant growth due to the increasing
demand for reliable and high-speed internet connections. Companies
are investing in advanced technologies like MU-MIMO and beamforming
to enhance network performance. Additionally, the rise of IoT
devices and work-from-home culture is driving the market forward.
Major players include Netgear, D-Link, and TP-Link, who are
continuously innovating to meet consumer needs. Overall, the
Wireless Router Market is poised for continued expansion in the
coming years.
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gain insights into AI's impact on market dynamics, emerging trends,
and future opportunities- including forecast (2024-2028) and
historic data (2018 - 2022)
Research Analysis
The wireless router market is a dynamic and growing industry
that provides high-speed internet access for private computer
networks, enabling wireless-only LAN connections for various
devices such as laptops, smart home devices, Smart TVs, speakers,
security cameras, and more. With the increasing number of connected
devices and bandwidth-intensive apps, the demand for wireless
routers and wireless access points is on the rise. The wireless
router industry caters to both residential and commercial sectors,
offering single-band, dual-band, and tri-band options to meet
diverse network traffic needs. The advent of 5G infrastructure and
Wi-Fi 6 technology, including Wi-Fi 6E routers, has further boosted
the market's growth. Mobile broadband and M2M communication are
also driving new opportunities in the wireless router market,
particularly for home offices and other remote work
environments.
Market Research Overview
The wireless router market is a dynamic and growing industry
that provides high-speed internet access for both residential and
business settings. Wireless routers and wireless access points
enable the creation of private computer networks, allowing
connected devices such as laptops, smart home devices, and IoT
gadgets to access the internet. The industry caters to various
sectors including financial services, information technology,
telecommunications, retail, and healthcare, among others. Wi-Fi
technology, with its superior performance and interoperability, is
a key driver for the market. Single-band, dual-band, and tri-band
wireless routers cater to different needs, with dual-band and
tri-band routers offering better performance in high-density areas
and simultaneous connections. The wireless router industry is
witnessing significant growth due to the increasing number of
connected devices, the rise of high-speed internet markets, and the
adoption of Wi-Fi 6 standards. The market is also being influenced
by the proliferation of 5G networks and the higher bandwidths they
offer, as well as the trend towards mesh networking systems.
Security features are becoming increasingly important, with
consumers and businesses demanding secure and reliable products.
The market is also witnessing the emergence of AI-powered Wi-Fi
routers and the integration of Wi-Fi technology into smart homes
and cities. The market is expected to continue growing, driven by
the increasing demand for next-generation connectivity and the
increasing number of bandwidth-intensive apps and smart home
gadgets. However, security worries remain a concern, and
manufacturers must address these concerns to ensure customer
trust.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- End-user
-
- Non-Residential
- Residential
- Type
-
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides 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.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio