March 28, 2020

Home Wifi Router And Extender Market | Top Players are ASUS TeK Computer, Actiontec Electronics, Belkin International, Dell and Cisco Systems among others

According to a new market research report published by Credence Research, the overall market for Home Wifi Routers and Extenders worldwide is anticipated to hit a market value of US$ 14.60 billion in 2027 and is projected to grow by 9.30 per cent during the forecast period.

Market Insights

Rising digitization and technological advancement of home appliances is one of the factors driving the market around the globe. The growing demand for smart homes and connected home devices is fueling the growth of the home Wi-Fi router and extender. These devices allow users to access the Internet using wireless signals to reduce the physical network requirements and also to expand the range of signals with the help of a wifi extender. In addition, an increase in disposable income between users and an improvement in smartphones and consumer electronic devices has led to an increase in demand for Wi-Fi. Consequently, these factors play a key role in the growth of the market.

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On the basis of the end-device, the home wifi router and extender market were segmented with a wi-fi extender and a wi-fi router. The wi-fi router segment is the dominant segment with a market share of more than 60.0 per cent in 2018 and is anticipated to dominate the market during the forecast period. The increasing population worldwide and the increasing demand for smart homes are considered to be one of the key factors driving the segment globally. The use of the internet has made it possible to increase their home security by accessing devices with their smartphones connected to the Wi-Fi network. This has led to an increase in demand for Wi-Fi routers around the globe. The Wifi router segment is expected to be the fastest-growing segment and is expected to dominate the market during the forecast period.

Europe is the second-largest market share based on the region. In addition, individuals are shifting to wireless connectivity and networks in the region, which is one of the main drivers of the home Wi-Fi router and extender in the region. Europe based on countries has been segmented as the United Kingdom, Germany, France and the rest of Europe. The UK has the largest market share in the region due to the early adoption of smart homes in the region.

Some of the prominent players operating in the home wifi router and extender market include ASUS TeK Computer Inc., Actiontec Electronics, Inc., Belkin International, Inc., Dell Inc., Cisco Systems Inc., TP-Link Technologies Co., Ltd., Devolo AG, D-Link Corp., Intel Corporation, Huawei Technologies Co. Ltd., Legrand SA, Tenda Technology Inc., Netgear, Inc., and ZyXEL Communications Corp.

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