Global Mobile Router Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Mobile Router Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A mobile router is a computer network device that can transmit data packets to the destination (selecting the data transmission path) through a network. This process is called routing. It allows users to browse wherever they go, because the router broadcasts to the device through the Internet. It can be connected via Wi-Fi (as a mobile hotspot) or via a cable connected to the computer.

Market Overview:

The latest research study on the global Mobile Router market finds that the global Mobile Router market reached a value of USD 1486.97 million in 2022. It’s expected that the market will achieve USD 3262.0 million by 2028, exhibiting a CAGR of 13.99% during the forecast period.

The industrial chain is affected

The COVID-19 outbreak has disrupted business and economic activities globally. It is expected to have a short-term impact on the Mobile Router market to a certain extent. With several countries across the globe announcing nationwide lockdowns and temporary closures of various industries, production and manufacturing have been severely affected. Stopping production not only aggravates the shortage of funds for small and medium-sized enterprises, but also reduces the solvency of enterprises, which may affect production and sales. Some enterprises have difficulties in operation and even go bankrupt. The epidemic situation has seriously affected the logistics and transportation, and the transportation of raw materials is difficult. The industrial chain of small and medium-sized enterprises is imperfect and fragile. Trade barriers have further impacted the demand-supply gap. Companies operating in the Mobile Router market have suspended non-essential visits/activities until the COVID-19 outbreak is resolved.

The production cost of enterprises increases

With the gradual control of the epidemic, some factories began to resume operation. However, enterprises need to protect the life and health of employees while operating production, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after production, and testing the body temperature of employees every day to ensure their health. These measures will increase production costs and affect the development of enterprises.

SMEs face challenges

Pneumonia epidemic in COVID-19 has a great impact on the after-sales operation of Mobile Router industry, especially on small and medium-sized enterprises. Stopping production not only aggravates the shortage of funds for small and medium-sized enterprises, but also reduces the solvency of enterprises, which may affect production and sales. Some enterprises have difficulties in operation and even go bankrupt. The epidemic situation has seriously affected the logistics and transportation, and the transportation of raw materials is difficult. The industrial chain of small and medium-sized enterprises is imperfect and fragile.

Strength

The downstream market is stable, and there will be no downsizing in the market in the short term.
From a regional analysis point of view, because the penetration rate of mobile routers has been relatively high in the European and American markets and the Asia-Pacific region, especially the rapid development in the Asia-Pacific market. However, in developing regions such as the Middle East and Africa, there is a gradual growth trend due to regional economic development.
From the perspective of downstream customers, in contemporary society where the Internet is highly popular, smart phones and smart computers are almost essential equipment for most families, so routers are basically just needed as a family's network connection equipment.
For enterprises, the demand for enterprise WLAN equipment continues to grow because they are widely used by enterprises to improve the efficiency of network operations.

Weakness

Although the mobile router is said to be more convenient to move with you, you need to purchase a SIM card and a paid package separately. It is more troublesome to choose a paid package when you are going abroad. Moreover, mobile routers are much more expensive than traditional routers. In addition, for homes and offices that are already equipped with routers, the possibility of replacing a mobile router is lower.

Opportunities

Various technological advancements, such as the development of data storage systems integrated with cloud-based applications, have also contributed to market growth. Other factors, including increasing data traffic and implementing favorable public initiatives to provide Wi-Fi in public places are expected to bring positive prospects to the market.
The surge in demand for intensive R&D has led to the development of high-end cutting-edge products that are easy to use and provide controls to meet process requirements. This greatly broadens the scope of advanced bandwidth IP routing services and is expected to fuel the mobile router industry in the next six years.

Threat

Related manufacturers have launched a number of mobile routers, but there has been no significant increase in volume so far. The main reason is that the prices of their chips and modules are relatively high. At the same time, for homes and offices that have routers, the router replacement process is cumbersome, and users change phones. Not motivated.

Region Overview:

Asia Pacific dominated the Mobile Router market in 2022, with a market share of 33.51%.

Company Overview:

Huawei Technologies is one of the major players operating in the Mobile Router market, holding a share of 13.65% in 2023.

Huawei Technologies

Huawei Technologies Co., Ltd. provides networking products and telecommunication solutions. The Company researches and develops internet access, transmission network, servers, storage, security, and other networking products. Huawei Technologies also offers business consulting, network integration, assurance, managed, learning, and global delivery services.

Inseego

Inseego is an industry pioneer in smart device-to-cloud solutions that extend the edge of 5G networks to achieve wider 5G coverage, multi-gigabit data speeds, low latency, and strong security to provide Highly reliable Internet access. Inseego products and SaaS solutions are designed and developed in the United States, based on the company's patented technology, to provide global service providers, enterprises and government agencies with the highest quality 4G and 5G connections.

Segmentation Overview:

By type, 4G segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Multi-Brand Stores segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Mobile Router market covered in Chapter 3:

TP-LINK Technologies
Alcatel
Sierra Wireless
Linksys
Inseego
HHuawei Technologies
Franklin Wireless
NETGEAR
D-Link
ZTE Corporation

In Chapter 4 and Chapter 14.2, on the basis of types, the Mobile Router market from 2018 to 2029 is primarily split into:

4G
5G

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Mobile Router market from 2018 to 2029 covers:

Multi-Brand Stores
Online Stores
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)