Wireless Router Market Revenues to Reach USD 21.65 billion by 2028 - Market Size, Share, Forecasts, & Trends Analysis Report by Mordor Intelligence

Hyderabad, Aug. 01, 2023 (GLOBE NEWSWIRE) --  According to a new market research report titled “Wireless Router Market Report (2023-2028),” the market is estimated at USD 13.94 billion in 2023. It is expected to register a CAGR of 9.20% during the forecast period.

Wireless routers include wireless access points that are used to provide access to the internet or a private computer network. They function in a wired local area network, wireless-only LAN, or the mixed wired and wireless network. The primary factor for the progress of wireless technology is the regularly changing standards set for improving routers. These standards are revised regularly to enhance network throughput in terms of maximum speeds and transmission capabilities.

Report Summary:

Who are the Top Companies in the Wireless Router Market?

The global wireless router market is highly competitive, with numerous major players. In terms of market share, a few major players are currently dominating the market.

The noteworthy players holding the global wireless router market are:

• D-Link Corporation
• Belkin International Inc.
• TP-Link Technologies Co. Limited
• Netgear Inc.
• Huawei Technologies Co. Limited
• ASUSTeK Computer Inc.
• Xiaomi Inc.
• Mercury-PC
• Buffalo Americas Inc.
• Edimax Technology Co. Limited
• Amped Wireless
• Cisco Systems Inc.
• Linksys Holdings Inc.

Other Reports That Might Be of Your Interest:

• Residential Routers Market Report - The residential routers market is expected to register a CAGR of about 8.4% over the forecast period. -2028).
• Enterprise Routers Market Report - The enterprise routers market is expected to register a CAGR of 6.2% over the forecast period.

Key Highlights from the Wireless Router Market Report:

 The Residential Sector is Expected to Record Significant Adoption

• The internet demand among various households has been increasing with the increase in connected devices. As per the Ericsson Mobility Report 2021, by the end of 2026, the company estimates 3.5 billion 5G subscriptions worldwide, accounting for around 40% of all mobile subscriptions.
• Most households are being transformed into smart homes that involve the internet to facilitate many functions. The advent of smart TVs and smart speakers, such as Amazon Echo and Google Home, have boosted the growth of the wireless router market.

 United States is Expected to Hold Major Share

• The United States is one of the most mature markets for fixed broadband internet connections. In 2021, approximately 90% of US individuals had internet access. Such a huge population using the internet is projected to boost the demand for wireless routers in the country over the forecast period.
• The existence of major technological giants coupled with the high adoption of technological trends in the country is boosting the market for wireless routers. The fixed broadband market is mature.

What are the Latest Developments in the Wireless Router Market? 

• In August 2022, ASUS Republic of Gamers (ROG) presented the ROG Rapture GT-AX11000 Pro, a gaming router that would deliver ultrafast Wi-Fi 6 and 10 Gbps ethernet.
• In January 2022, TP-Link announced the launch of Aginet, a solution for internet service providers. Via the Aginet flag, TP-Link will release a comprehensive range of products and solutions, together with Wi-Fi routers, Whole Home Mesh Wi-Fi, GPON OLT, GPON Wi-Fi routers, VDSL modem routers, and 4G/5G routers.

Mordor Intelligence has Segmented the Wireless Router Market Based on Component Type, End-user Industry, and Geography:

• By Component Type
  • By Wi-Fi Band
    • Single Band
    • Dual Band
    • Tri Band
• By End-user Industry
  • Residential
  • Business/Commercial
    • BFSI
    • Education
    • Healthcare
    • Media and Entertainment
    • Other End-user Industries
• By Geography
  • North America
    • United States  
    • Canada  
    • Rest of North America
  • Europe  
    • United Kingdom 
    • Germany  
    • France 
    • Spain
    • Rest of Europe (Italy, Nordics)
  • Asia-Pacific  
    • China  
    • India  
    • Japan
    • Rest of Asia-Pacific (South Korea, Southeast Asia, and ANZ)  
  • Latin America (Mexico, Brazil, and Argentina, among others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, and South Africa, among others)

In a nutshell, the Mordor Intelligence market research report is a must-read for start-ups, industry players, investors, researchers, consultants, business strategists, and all those who are looking to understand this industry. Get a glance at the Wireless Router Market Report (2023-2028).

Mordor Intelligence constantly tracks industry trends. Some relevant market reports from the analysts that might be of interest to you:

• IoT Market Report - The IoT market size is expected to grow from USD 1.02 trillion in 2023 to USD 2.06 trillion by 2028, at a CAGR of 15.12% during the forecast period (2023-2028).
• Internet of Nano Things Market Report - The internet of nano things market size is estimated at USD 22.02 billion in 2023 and is expected to reach USD 55.31 billion by 2028, growing at a CAGR of 20.23% during the forecast period (2023-2028).
• China Internet Data Center Market Report - The Chinese internet data center market size is expected to grow from USD 64.01 billion in 2023 to USD 293.15 billion by 2028 at a CAGR of 35.57% during the forecast period (2023-2028).

About Mordor Intelligence:

Mordor Intelligence is a market intelligence and advisory firm. At Mordor Intelligence, we believe in predicting butterfly effects that have the potential to change or significantly impact market dynamics.

Our market research reports are comprehensive and provide exclusive data, facts and figures, trends, and the industry’s competitive landscape.

Attachment

• Wireless Router Market - Mordor Intelligence