Global Home Networking Device Market to Reach $49.9 Billion by 2030
The global market for Home Networking Device estimated at US$34.4 Billion in the year 2023, is expected to reach US$49.9 Billion by 2030, growing at a CAGR of 5.5% over the period 2023-2030. Wired Type Home Networking Device, one of the segments analyzed in the report, is expected to record 5% CAGR and reach US$16.1 Billion by the end of the analysis period. Growth in the Wireless Type Home Networking Device segment is estimated at 5.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $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 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.8% and 4.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.
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