Home Networking Device

Home Networking Device

Global Home Networking Device Market to Reach US$55.4 Billion by 2030

The global market for Home Networking Device estimated at US$38.2 Billion in the year 2023, is expected to reach US$55.4 Billion by 2030, growing at a CAGR of 5.4% over the analysis period 2023-2030. Wired Type Home Networking Device, one of the segments analyzed in the report, is expected to record a 5.0% CAGR and reach US$17.6 Billion by the end of the analysis period. Growth in the Wireless Type Home Networking Device segment is estimated at 5.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$10.2 Billion While China is Forecast to Grow at 5.1% CAGR

The Home Networking Device market in the U.S. is estimated at US$10.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.8 Billion by the year 2030 trailing a CAGR of 5.1% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.8% and 4.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.

Global Home Networking Device Market - Key Trends & Drivers Summarized

Why Are Home Networking Devices Essential in Today’s Connected World?

Home Networking Devices, which include routers, modems, Wi-Fi extenders, and mesh networks, have become integral to modern households as connectivity needs increase. These devices facilitate internet connectivity and enable seamless communication between various smart home devices, such as thermostats, security systems, and entertainment devices. With more people working and studying from home, as well as the rise in smart home ecosystems, reliable and high-speed internet access has become essential, driving demand for advanced home networking solutions. Home networking devices are now expected to support multiple users and devices with minimal lag, making high-quality routers and mesh systems an important investment for today’s connected homes.

How Are Technological Advancements Enhancing Home Networking Solutions?

Recent technological advancements in home networking devices, such as Wi-Fi 6 and 6E, have significantly improved network speeds, coverage, and device handling capabilities. Wi-Fi 6 enables faster connections with increased capacity, which is particularly beneficial for homes with numerous connected devices. Mesh networking systems have also gained popularity for their ability to provide consistent coverage across large or multi-story homes, eliminating dead zones. Security enhancements, such as integrated firewalls and parental controls, are now standard in many devices, addressing growing concerns over data privacy in home networks. These innovations have not only improved user experience but have also made home networks more resilient, secure, and adaptable to future connectivity needs.

Why Are Consumers Investing More in Home Networking Devices?

The increasing prevalence of smart homes, remote work, and online streaming has driven consumers to upgrade their home networks to support a wide array of connected devices and activities. Many households now rely on home networking devices for daily operations, from work meetings to entertainment streaming, highlighting the need for uninterrupted, high-speed internet. Consumers are prioritizing network quality, security, and ease of use, seeking devices that can handle the high demands of modern connectivity. Additionally, as devices like virtual reality headsets, gaming consoles, and smart speakers become more common, consumers are investing in routers and mesh systems that offer high performance and compatibility, ensuring their home networks can support a fully connected lifestyle.

The Growth in the Home Networking Device Market Is Driven by Several Factors

The growth in the home networking device market is driven by several factors, including rising demand for high-speed connectivity, advancements in wireless technology, and the increasing adoption of smart home devices. With the shift toward remote work and digital entertainment, households require robust network solutions capable of supporting multiple devices without interruptions. Technological developments, such as Wi-Fi 6 and mesh networking, have enabled faster and more stable connections, making it easier to maintain high performance across various home devices. Additionally, the proliferation of smart home systems has led consumers to prioritize reliable home networks that can handle the growing number of connected devices. These factors, along with increasing awareness of network security and data privacy, continue to drive demand for home networking devices across global markets.

SCOPE OF STUDY:

The report analyzes the Home Networking Device market in terms of US$ Million by the following Component; Solution, and Geographic Regions/Countries:

Segments:
Component (Hub And Switch, Router, Extender, Adapter, Wireless Access Point (WAP)); Solution (Wired Type, Wireless Type)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 42 Featured) -

• Actiontec Electronics, Inc.
• Amazon.com, Inc.
• Apple, Inc.
• ASUSTeK Computer, Inc.
• AVM GmbH
• Belkin International, Inc.
• BUFFALO, Inc.
• Crestron Electronics, Inc.
• devolo AG
• D-Link Corporation
• Google LLC
• HP, Inc.
• Huawei Technologies Co., Ltd.
• Ingersoll-Rand PLC
• Legrand SA
• Lutron Electronics Co., Inc.
• Mechoshade Systems, Inc.
• NETGEAR, Inc.
• Nokia Corporation
• PLANET Technology Corporation
• Schneider Electric SA
• Siemens AG
• Tenda Technology Co., Ltd.
• TP-LINK Technologies Co., Ltd.
• Ubiquity Global Services, Inc.
• Vantage Controls
• ZyXel Communications Corporation

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