Home Wi-Fi Router and Extender Market Size 2023-2030 Global Industrial Analysis, Market Share, Top Key Players

Home Wi-Fi Router and Extender Market

The global home Wi-Fi router and extender market size was worth around USD 1647.85 Million in 2022 and is predicted to grow to around USD 3349.68 Million by 2030 with a compound annual growth rate (CAGR) of roughly 9.17% between 2023 and 2030.

The report analyzes the global home Wi-Fi router and extender market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the home Wi-Fi router and extender industry.

Global Home Wi-Fi Router and Extender Market: Overview

A Wi-Fi and extender are devices utilized for communication that help in repeating wireless signals effectively from the base router to wide Wi-Fi coverage. It usually functions as a bridge between the router and Wi-Fi. The increased internet bandwidth and enhanced mobile connectivity play an important role in the developments of the advanced home Wi-Fi router and extenders market. These devices fueled the adoption of wireless networking-based devices across the world. Manufacturers are constantly launching innovative devices to attract consumers.

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Global Home Wi-Fi Router and Extender Market: Growth Factors

The global home Wi-Fi router and extender market are expected to witness huge growth with a high CAGR during the forecast period. The launch of new devices that are able to overcome the underlying challenges of home networking like lack of routers capability to homogeneously distribute the network throughout the home is anticipated to boost the market significantly. Moreover, the problems of clogged home Wi-Fi networks have boosted the adoption of mesh technology. Mesh Wi-Fi networks are much in popularity owing to their advantages like less complexity, affordability, and ease of use.

The ongoing popularity of mesh technology is creating lucrative growth opportunities in the market globally. Manufacturers are increasingly trying to supply reliable Wi-Fi systems while concentrating on knowledge-sharing news outlets regarding how customers can resolve their troubleshooting Wi-Fi issues at home. Since men are more tech-savvy as compared to women, companies are introducing systems that are convenient and simple to use for women to cater to their needs. However, such implementations are boosting the growth of the global home Wi-Fi router and extender market.

The companies are aiming at facilitating the seam transitions for smartphones that help in convenient moving between Wi-Fi 6 and 5G to maintain fast network connectivity throughout. Individuals, particularly women are demanding easy setup and convenient management of home Wi-Fi routers and extenders. Companies are launching new devices with innovative features like affordable networking coverage and enhanced parental control to drive growth and sales revenue in the global home Wi-Fi router and extender market.

Global Home Wi-Fi Router and Extender Market: Segmentation

The global home Wi-Fi router and extender market can be segmented into end-use, product, type, distribution channel, device, Wi-Fi router, and region.

By end-use, the market can be segmented into public, commercial, enterprise, residential, and others.

By product, the market can be segmented into antennas, access points, extenders, and repeaters.

By type, the market can be segmented into outdoor and indoor Wi-Fi.

By distributing channels, the market can be segmented into online and offline.

By device, the market can be segmented into Wi-Fi routers and extenders.

With Wi-Fi routers, the market can be segmented into uplink and normal ports. The uplink port segment accounts for the largest share of the global home Wi-Fi router and extender market. It is utilized in integrating two routers into each other for achieving the maximum number of connected devices to the network.

Global Home Wi-Fi Router and Extender Market: Regional Analysis

North America holds the largest share in the global home Wi-Fi router and extender market due to the technological advancements in the region. Moreover, the presence of prominent players in the region is also boosting regional market growth.

Asia Pacific is anticipated to witness huge growth due to the huge population base, high penetration of advanced connected devices, growing internet access, and increasing home networking. Moreover, rapid urbanization is also fueling regional market growth.

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