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The wireless router market is estimated to grow at a CAGR of 8.49% between 2022 and 2027. The size of the market is forecast to increase by USD 6,767.28 million. The growth of the market depends on several factors including the increasing adoption of smart connected home systems, increased adoption of WLAN, and the increase in demand for distance learning.
This report extensively covers market segmentation by end-user (non-residential and residential), type (fixed and mobile), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The increasing adoption of smart connected home systems is notably driving the market growth, although factors such as the inferior communication network infrastructure in developing regions may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Wireless Router Market Driver
The increasing adoption of smart connected home systems is the key factor driving the global wireless router market growth. A significant rise in the demand for smart home appliances, especially refrigerators, dishwashers, smart TV, voice assistants, and microwave ovens, has pushed the demand for wireless routers. Smart home devices can be connected to the cloud or some software component that lets them function on their own or based on a pattern or intelligence algorithm. These devices comprise wireless connecting devices and the IoT.
Countries such as the US, Canada, the UK, Germany, and France exhibit high adoption of smart home appliances. A major reason for the adoption of smart and innovative appliances is the use of smart home technologies, such as artificial intelligence-enabled smart home controllers and smart hubs that enable remote control of appliances. These devices require seamless Internet connectivity 24*7, which is enabled by wireless routers. Thus, the increasing use of smart connected devices in homes is driving the growth of the global wireless router market during the forecast period.
Key Wireless Router Market Trend
The increasing use of wireless routers in the retail industry will fuel the global wireless router market growth. Retail is a highly competitive industry. The nature of this business is such that many consumers have access to stores and, therefore, the risks related to security, safety, communications, and building automation are numerous. Remote monitoring and security systems, such as machine-to-machine (M2M) security system, plays a vital role in the retail segment as their use prevents unaccounted and accidental losses of inventory. The system detects intrusion and shoplifting, deals with fire and explosion, and manages a wide variety of access authorizations.
Retail store security devices such as security alarms and mechanical security are used to protect expensive merchandise. These are also cost-effective solutions. For instance, electronic article surveillance is a technology adopted by merchandisers wherein security tags are attached to the merchandise to prevent shoplifting. Retail security systems enhance traffic intelligence, inventory intelligence, labor efficiency, and on-floor and transaction visibility.
Key Wireless Router Market Challenge
The inferior communication network infrastructure in developing regions is a major challenge to the global wireless router market growth. Strong network infrastructure is necessary to ensure minimum time lag during Internet communications and live streaming. This includes making calls through Voice over Internet Protocol (video and audio calling) and live streaming music and videos. Several developing countries such as Bangladesh, the Central African Republic, Nepal, and Haiti are not equipped with the required Internet network or telecom infrastructure to support high-speed Internet networks.
In many Asian countries, 4G technology has just begun to gain momentum. As 4G technology is an important component of error-free and uninterrupted telecom services, the lack of availability of 4G technology can hinder the adoption of wireless routers. Many rural areas in APAC and MEA are still not equipped with 4G connections. Such challenges will restrict the growth of the global wireless router market during the forecast period.
Key Wireless Router Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Wireless Router Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Adtran - The company offers wireless routers such as NetVanta series 3100, NetVanta series 3200, NetVanta series 3400, and NetVanta series 4000.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the non-residential segment will be significant during the forecast period. The non-residential wireless segment includes wireless routers used by commercial offices, enterprises, industries, transportation services, public utilities, educational institutions, and the hospitality sector.
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The non-residential segment shows a gradual increase in the market share of USD 7,516.85 million in 2017 and continue to grow by 2021. The deployment of extensive bandwidth applications, including supply chain management, enterprise resource planning, and data warehousing, has led to the increased requirement for networking infrastructures such as hubs, switches, and routers. Such operations propel the growth of the non-residential wireless router segment.
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North America is projected to contribute 34% of market growth by 2023. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The US and Canada are the major adopters of home Wi-Fi routers in North America. Home users in the US are early adopters of technologies, and the country is an attractive market for home wireless routers due to the increasing use of smart devices, online learning and banking, and OTT platforms. Also, factors such as the increasing use of smart appliances such as smart TVs, smartphones, smart refrigerators, and digital assistants (Google Assistant and Amazon Alexa); the presence of a mature end-user base; and early adoption of new technologies such as OTT platforms, online banking, and e-commerce platforms in North America drive the demand for high-speed Internet among home users in North America, which will propel the growth for the wireless router market in the region during the forecast period.
The easing of lockdown restrictions and large-scale vaccination drives across North America, coupled with increased funding toward the expansion of 5G technology and development of data centers in 2021, has led to the surging demand for wireless routers, which is expected to propel the growth of the market in focus in North America during the forecast period.
Technavio categorizes the global wireless router market as a part of the global communications equipment market within the overall global information technology sector. The parent global communications equipment market covers manufacturers of enterprise networking products, including LANs, WANs, routers, telephones, switchboards, and exchanges. Technavio also includes communications infrastructure or telecom equipment market within the scope of the communications equipment market. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by end-user, type, and region.
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Wireless Router Market Scope |
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Report Coverage |
Details |
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Page number |
159 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.49% |
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Market growth 2023-2027 |
USD 6,767.28 million |
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Market structure |
Concentrated |
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YoY growth (%) |
8.23 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 34% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Adtran Inc., Amped Wireless, ASUSTeK Computer Inc., Broadcom Inc., Buffalo Americas Inc., Cisco Systems Inc., D Link Corp, DrayTek Corp., EDIMAX Technology Co. Ltd., Extreme Networks Inc., Hon Hai Precision Industry Co. Ltd., Huawei Technologies Co. Ltd., Juniper Networks Inc., MERCUSYS Technologies Co. Ltd., Shenzhen Tenda Technology Co. Ltd., SIA Mikrotikls, TP-Link Corp. Ltd., China Huaxin Post and Telecom Technologies Co. Ltd., Netgear Inc., and Xiaomi Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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