
DUBLIN–(BUSINESS WIRE)–The “Wireless Router Market, Size, Global Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis” report has been added to ResearchAndMarkets.com’s offering.
Wireless Router Market was valued at US$ 11.43 Billion in 2022. Wireless Router Market is expected to reach US$ 18.44 Billion by 2028, growing at a CAGR of 8.30%.
Wireless routers are renowned for their integrated wireless access points, facilitating connection to the internet or a designated computer network. Depending on its make and model, these routers function on a wired LAN, a solely wireless LAN, or a combination of both.
The industry for wireless routers is on an upward trajectory, with forecasts indicating further growth. This surge is propelled by the escalating demand for rapid internet connectivity and the proliferation of connected devices like smartphones, laptops, and smart home gadgets.
Wi-Fi technology advancements, such as the introduction of Wi-Fi 6 (also termed 802.11ax), play a pivotal role in shaping the router industry, offering enhanced speed, extended range, and optimal performance in crowded zones.
Nevertheless, the router industry grapples with hurdles like stiff competition, rapid technological shifts, security risks, compatibility issues, and the need to align with global standards. With tech evolution, emerging challenges are inevitable. To cater to ever-evolving consumer expectations, companies must consistently innovate while ensuring product security, dependability, and compatibility.
In the forthcoming years, North America is poised to spearhead global market expansion, driven by its amplified need for swift internet, a sophisticated user base, and early tech adoption.
The US stands out as a hub for broadband connectivity. As per ITU predictions, by 2022, around 92% of the US population will be internet-connected, positioning it amongst the leading global internet markets.
This burgeoning internet user base in the US is set to amplify the demand for wireless routers throughout the anticipated timeline. For instance, in February 2022, D-Link unveiled its AI-driven Wi-Fi router, the Eagle Pro AI series, designed to enhance connectivity speeds. This series encompasses the R15 EAGLE PRO AI AX1500 Smart Router, M15-2PK and M15-3PK EAGLE PRO AI AX1500 Mesh Systems, and the E15 AX1500 Mesh Range Extender.
Asia’s router market, one of the global giants, is expanding at an unprecedented pace. As more consumers and businesses in Asia hunt for dependable and affordable wireless networking solutions, the region’s router demand has surged.
Key players in the Asian router domain include both domestic and international manufacturers, especially from powerhouses like China and India. Additionally, the rising inclination towards smart homes and interconnected gadgets, coupled with the escalating demand for rapid internet, is fuelling Asia’s router market’s growth.
Competitive Landscape
The wireless router industry is likely to increase in the next years, despite severe competition and quickly changing technologies. The growing need for high-speed internet access, as well as the proliferation of connected devices such as smartphones, laptops, and smart home devices, is driving demand for wireless routers. Comcast, Cisco, Lumen Technology, AT&T, Verizona, Charter Communications, Viasat, and Netgear are some significant trends in the wireless router industry.
Tri-Band Wireless Router will thrive in Upcoming Years
The wireless router market is divided into three product segments: single, dual, and tri-band wireless routers. Tri-band wireless routers will remain popular in the future years as the need for dependable and high-speed internet access grows.
As more devices connect to the internet and the popularity of online gaming, 4K streaming, and other bandwidth-intensive activities grow, so will the demand for routers that can handle various frequencies and support a huge number of simultaneous connections.
A dual-band wireless router is a device that broadcasts signals in two frequency bands: 2.4 GHz and 5 GHz. The 2.4 GHz frequency band is the older and more regularly utilized of the two, but the 5 GHz frequency band is newer and offers quicker speeds and fewer interference.
The dual-band router business is continually growing in terms of technology, with new standards and improvements being released on a regular basis. The adoption of Wi-Fi 6 (802.11ax) standards, for example, has raised the demand for dual-band routers that offer higher speeds and more efficient use of the available spectrum.
Rise in the Adoption of Connected devices among the Healthcare, Government, and IT & Telecom Industry
Individuals and organizations who require internet access for their devices are the end consumers of wireless routers. This encompasses the financial services industry,
Government, information technology and telecommunications, retail, healthcare, and other comparable contexts. The growing acceptance of connected healthcare devices among healthcare professionals, such as heart-rate monitoring equipment and remote patient monitoring apparatus, is moving the global market forward.
Furthermore, the linked medical device enables healthcare professionals to focus on active patient involvement and patient-centric care delivery.
As a result, these services necessitate high-speed internet connectivity technology among patients and doctors, which supports market expansion. When it comes to wireless routers in the government sector, security, and dependability are the top priorities. As a result, many government bodies choose to employ routers from renowned manufacturers that provide a variety of security features.
Market Dynamics
- Growth Drivers
- Challenges
Company Analysis: Overview, Recent Developments, Sales Analysis
- Cisco
- AT &T
- Verizona
- Comcast
- Charter Communications
- Lumen Technology
- Viasat
- Netgear
Porters Five Forces Analysis
- Bargaining Power of Buyers
- Bargaining Power of Suppliers
- Degree of Competition
- Threat of New Entrants
- Threat of Substitutes
Component Analysis have been covered from 3 Viewpoints
- Single Band Wireless Router
- Dual Band Wireless Router
- Tri Band Wireless Router
End User Analysis have been covered from 6 Viewpoints
- BFSI
- Government
- IT & Telecom
- Retail
- Healthcare
- Other
For more information about this report visit https://www.researchandmarkets.com/r/wp6ko6
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