As per the latest report, the global Wi-Fi booster market size is estimated to be valued at US$ 1272.3 million in 2022 and is projected to witness US$ 2859.1 million along with a CAGR of 14.4% CAGR during the forecast period 2022-2028.
A Wi-Fi booster is one type of communication medium that passes the wireless signal from the base router to enlarge the area covered with Wi-Fi. It works as a bridge that takes the Wi-Fi signal from the base router and transfers it to the zones where the Wi-Fi signal is very weak and does not exist. It boosts the Wi-Fi router performance and range. This device provides high-speed internet connectivity and prevents traffic congestion to wireless devices. The latest wireless technology requires high-speed internet and superfast connections as they include smartwatches, wireless headsets, Wi-Fi radio systems, and more. This booster is specially designed for mobile computing devices and consumer electronics like laptops, TV, digital cameras, PCs, Headphones, and other wireless connected devices. It is mostly preferred for mobile applications.
Growing demand for internet connectivity is the major driving factor of market growth. The advanced technologies in wireless technology and penetration of internet technology are propelling the market growth. The 5G technology may overcrowd the frequency range which can be overcome by a Wi-Fi booster as it provides high internet speed, reduced latency, enhanced signal efficiency, and many other benefits. This booster accelerates the internet speed to the maximum level and provides a great higher speed.
The Wi-Fi booster market opportunities are enhancing the current network, increasing the coverage, and upgrading an existing network is escalating the growth of the Wi-Fi booster market.
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Market Segmentation
The Wi-Fi booster market is segregated into three types such as service, type, and solution.
Service Segmentation: Based on service, the Wi-Fi booster market is segmented into network design, specialty installation, support & maintenance, and others.
Type Segmentation: The type segmentation of the Wi-Fi booster market is bifurcated into outdoor and indoor.
Solution Segmentation: Based on the solution, the Wi-Fi booster market is classified into outdoor solutions, residential solutions, aerospace & marine solution, enterprise solution, and others.
