Home Use Wi-Fi Router Global Market Report 2024

The home use Wi-Fi router market size has grown strongly in recent years. It will grow from $4.06 billion in 2023 to $4.37 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth witnessed during the historical period can be attributed to several key factors, including the proliferation of smart home devices, escalating data consumption trends, the rapid expansion of e-commerce, heightened connectivity requirements, and the swift pace of urbanization.

The home use Wi-Fi router market size is expected to see strong growth in the next few years. It will grow to $5.95 billion in 2028 at a compound annual growth rate (CAGR) of 8%. The anticipated growth in the forecast period is expected to be driven by a range of factors, including the continued expansion of internet penetration, widespread deployment of 5G technology, further proliferation of smart home solutions, increasing data consumption patterns, and the growing adoption of cloud-based services. Significant trends projected for this period encompass the adoption of Wi-Fi 6 technology, seamless integration with 5G networks, further integration of smart home functionalities, the implementation of AI-powered networking solutions, and the adoption of cloud-based management systems.

The expansion of internet access is anticipated to drive growth in the home WiFi router market moving forward. Internet penetration, defined as the proportion of a specific geographic area's population with internet connectivity, is spurred by various factors including communication, e-commerce, entertainment, remote work and education, social media, and digital transformation. Home WiFi routers play a pivotal role in enhancing internet penetration by offering convenient, cost-effective, and reliable connectivity solutions for households, thereby encouraging greater internet usage among individuals and families. For example, data from the International Telecommunication Union in September 2023 revealed that 67% of the global population, equivalent to 5.4 billion people, were active internet users, compared to 66% (5.3 billion people) in 2022. Thus, the increasing internet penetration is propelling the expansion of the home WiFi router market.

Prominent players in the home-use WiFi router market are concentrating on the development of advanced products such as the AQUILA PRO AI series to gain a larger market share and address evolving consumer demands. The AQUILA PRO AI series encompasses Wi-Fi 6 smart home gateways or Wi-Fi 6 smart mesh routers that utilize machine learning algorithms to analyze real-time network traffic patterns, device usage, and environmental conditions. This enables dynamic optimization of the WiFi network, ensuring optimal performance and coverage throughout the household. For instance, D-Link Systems Inc., a networking hardware and telecom equipment manufacturer based in China, introduced the AQUILA PRO AI series in March 2023 to enhance the connectivity and stability of smart home networks. Comprising six models including the MS78, MS60, MS30, M60, M30, and E30, each model offers distinct features tailored to meet diverse customer needs. The series is designed to simplify the setup of smart home systems by providing user-friendly software that facilitates enrollment in Matter-compliant devices and enables remote control and management of smart home devices.

In January 2023, Semtech Corporation, a leading US semiconductor firm, completed the acquisition of Sierra Wireless for $1.2 billion. This strategic move is aimed at forging a robust Internet of Things (IoT) infrastructure that harnesses the low-power advantages of LoRa alongside the broader bandwidth capabilities of cellular technology. The acquisition positions Semtech to deliver a distinctive IoT platform tailored to meet the escalating demands of the Wi-Fi router market. Sierra Wireless, headquartered in Canada, specializes in communications equipment, offering a range of home routers, including 5G, LTE, and Wi-Fi variants.

Major companies operating in the home use wi-fi router market are Google LLC, Samsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., ASUSTeK Computer Inc., Motorola Solutions Inc., NortonLifeLock Inc., TP-Link Corporation Limited, Ubiquiti Networks Inc., Netgear Inc., D-Link Corporation, ASRock Inc., ZyXEL Communications Corporation, MikroTik, Edimax Technology Co. Ltd., Billion Electric Co. Ltd., Shenzhen Tenda Technology Co. Ltd., Linksys Holdings Inc., Securifi Inc., EnGenius Technologies Inc., Keenetic Limited, Open Mesh Inc., Gryphon Online Safety Inc., MERCUSYS Technologies Co. Ltd., ARRIS International plc.

North America was the largest region in the home use Wi-Fi router market in 2023. The regions covered in the home use wi-fi router market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the home use wi-fi router market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A home-use wireless fidelity (Wi-Fi) router is an essential networking device tailored for residential settings, serving to furnish wireless internet connectivity to multiple devices within a household. It functions as a centralized point for disseminating internet access from the broadband connection supplied by an internet service provider (ISP) to a range of devices such as smartphones, tablets, laptops, and more.

The primary categories of home-use Wi-Fi routers encompass speed and capacity, as well as wireless fidelity (Wi-Fi) standards. Speed and capacity denote the router's capability to transfer data at a specific rate and manage numerous connections concurrently. These routers incorporate diverse technologies, including dual-band and tri-band configurations, as well as mesh wireless fidelity (Wi-Fi) systems, catering to various applications such as gaming, streaming, and general internet usage.

The home use Wi-Fi routers research report is one of a series of new reports that provides home use Wi-Fi routers market statistics, including the home use Wi-Fi routers industry's global market size, regional shares, competitors with a home use Wi-Fi routers market share, detailed home use Wi-Fi routers market segments, market trends and opportunities, and any further data you may need to thrive in the home use Wi-Fi routers industry. This home use Wi-Fi routers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The home use Wi-Fi router market consists of sales of single-band routers, dual-band routers, smart routers and modem-router combo units. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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