Wireless Router Market Size And Forecast
Wireless Router Market size was valued at USD 571.60 Million in 2020 and is projected to reach USD 1260.6 Million in 2028, growing at a CAGR of 10.4% from 2021 to 2028.
An increase in the demand for smart technologies, technological development of wireless connection, and the new normal condition under COVID-19 are acting as the major market drivers. The Global Wireless Router Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Wireless Router Market Definition
Wireless Router are used by the Internet Service Providers to connect their internet connectivity with the router. They are hardware devices that connect to Cable or xDSL Internet network. A Wi-Fi router connects a wireless access point and a router. The function of a router is to connect a local connection to another local connection or from a local connection to the Internet. A wireless connection connects wirelessly to networks using radio frequencies in the 900 MHz, 2.4 GHz, 3.6 GHz, 5 GHz, and 60 GHz. The latest Routers are based on IEEE 802.11 ac Wave 2 standard. Wireless Router is also known as wireless LAN.
Wireless Router can be of the following types:
1. Wi-Fi Router – A device that connects with the Internet connection and sends the signal wirelessly to all the connecting devices.
2. Mobile Hotspot – Mobile Hotspot allows the Internet Connectivity in the Mobile to be shared to multiple connections in a wireless medium. Also, it can connect in both tethered and untethered connections.
3. Portable Wi-Fi – It is a small device that relays the 3G or 4G connections to other devices which wants to connect to the internet in a wireless medium.
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Global Wireless Router Market Overview
Due to the advancement in technology, people want more and more digital devices like smartphones, laptops, desktops, tablets, and smart TVs. All these devices need Internet Connectivity to connect to the vast set of Servers. Internet penetration is very high nowadays. The increasing uses of the Internet through digital devices are one of the biggest market drivers of this technology.
People nowadays want a seamless connection with quicker results. This is causing the Interservice providers to develop the speed of their connections. Every generation of connectivity is getting released with an enhanced speed over the previous one. The effect of the connection speed is further accelerated by the increasing range of the wireless connections. These two factors combined are acting as another important market driver.
Due to the COVID-19, there is an increase in the Work from Home Options from the corporate offices. Also, most of the schools and colleges have moved into an online mode. These are also further accelerating the growth of the Wireless Router Market. There is a severe threat of Hacking through wireless networks. Besides this, there is a lack of skilled labor for providing device maintenance. These are some of the industry restraints.
Global Wireless Router Market Segmentation Analysis
The Global Wireless Router Market can be segmented based on Technology, End-Use, And Geography.
Wireless Router Market, By Technology
- 802.11b
- 802.11g
- 802.11n
- 802.11ac
- 802.11ax
Based on Technology, the market is segmented into 802.11b, 802.11g, 802.11n, 802.11ac, and 802.11ax. 802.11g has the highest use in Wireless Router Market. Wireless G routers can pass data at a rate of 56 MBPS. The G series can operate at 2.4 GHz. Frequencies. It is mostly used because of its ability to integrate with a wide variety of devices at a higher speed.
Wireless Router Market, By End-Use
- Residential
- Commercial
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Based on End-Use, the market is segmented into Residential and Commercial. Commercial users comprise a huge market share. This is because of the widespread deployment of Virtual Private Networks (VPNs) in businesses and universities. Widespread adoption of wireless connection is also allowing more integration facilities which in turn are reducing the cost.
Wireless Router Market, By Geography
- North America
- Europe
- Asia-Pacific
- Rest of the World
On the basis of Geography, the Global Wireless Router Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America has the highest market share. This is because of the high-scale automation drives going over there and there is a demand for long-term sustainable technologies. On the other hand, the Asia-Pacific region is also having faster market growth. This is because of the vast population of Technology Savvy users.
Key Players
The “Global Wireless Router Market” study report will provide a valuable insight with an emphasis on the global market. The major players are D-Link, TP-Link, Cisco, Huawei Technologies, ASUSTek Computer, Edimax Technology, Buffalo Americas, and Xiaomi.
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