The home Wi-Fi router and extender industry is going through a diverse phase in different regions of the world. Usage of routers and extenders in North America and Europe has made home Wi-Fi router and extender a mature market. Developing countries in Asia Pacific and Middle East & Africa that are experiencing the new product replacement trend due to upgrading protocols and increasing penetration of connected devices are majorly driving the global home Wi-Fi router and extender market.
A comprehensive study, titled “Home Wi-Fi Router and Extender Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026” has been added to the wide database of Market Research Hub (MRH). The study encapsulates vital details about the market current scenario as well as future growth prospects until the end of 2026.
According to the analyst findings, steady development in communication technology has led to increase in the mobile internet penetration rate as well as enhancement of connectivity and speed of the internet. As a result, home Wi-Fi router and extender manufacturers have been presenting new products and protocols that can adapt to variable demands, thus providing numerous opportunities to the home Wi-Fi router and extender market.
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For its readers, this 229-page study shares historical 2012-2017 and forecasted data 2017-2025 related to market size and volume analysis of global home Wi-Fi router and extender market. In the initial section, the report begins with an executive summary containing key information including the market overview, market analysis along with the range of market-related data.
In addition, drivers, restraints, and opportunities mentioned in the report are explained through quantitative and qualitative data.
Key Highlights from the study
It has been clearly stated in the study that mobile connectivity and increase in internet bandwidth are projected to play a pivotal role in the development of the home Wi-Fi router and extender market, enabling wireless-based networking device adoption in the near future. According to the study evaluations, the market is anticipated to expand at a CAGR of 6.6% during the forecast period and reach US$ 12,956.9 Mn by 2026.
Geographically, prominent regions highlighted in the study include Europe, North America, Middle East & Africa, Asia Pacific and South America. Analyzing these regions, the analyst found that the Asia Pacific dominated the home Wi-Fi router and extender market in 2017, which is anticipated to lead throughout the mentioned forecast.
The dominance of the region in the market is attributed to its large population, increasing industrialization and urbanization, growth in home networking, increased penetration of connected devices, and internet access.
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Furthermore, the report throws light on major segments of the market which are categorized on the basis of device, and Wi-Fi router. Based on device, the market is segmented into Wi-Fi router and Wi-Fi extender.
Out of these two, Wi-Fi router is expected to have the highest market share between 2018 and 2026. Wi-Fi router is further divided into uplink port and normal port.
Uplink port had the highest share in 2018 and is further expected to lead the market during the forecast period.
As the report concludes, the competitive landscape is emphasized which focuses on the major players from the global home Wi-Fi router and extender market. Key players include Tenda Technology Inc., Actiontec Electronics, Inc, Dell Inc, ASUS TeK Computer Inc, Belkin International, Inc., Netgear, Inc., Cisco, Devolo AG, D-Link Corp, Huawei Technologies Co.
Ltd., Intel Corporation, Legrand SA, TP-Link Technologies Co., Ltd., and ZyXEL Communications Corp. among others.
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