Global Wireless Routers Market to Reach $20.7 Billion by 2030
The global market for Wireless Routers estimated at US$14.1 Billion in the year 2023, is expected to reach US$20.7 Billion by 2030, growing at a CAGR of 5.7% over the period 2023-2030. Indoor Wireless Routers, one of the segments analyzed in the report, is expected to record 5.9% CAGR and reach US$17.7 Billion by the end of the analysis period. Growth in the Outdoor Wireless Routers segment is estimated at 4.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.8 Billion, While China is Forecast to Grow at 9.4% CAGR
The Wireless Routers market in the U.S. is estimated at US$3.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.6 Billion by the year 2030 trailing a CAGR of 9.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 6.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.
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