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

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

WiFi router converts wired network signals and mobile network signals into wireless signals through WiFi wireless router for receiving by relevant computers, mobile phones, pads, etc. supporting its technology. Home router is a distributor for home computers and other devices to access the Internet.

Market Overview:

The latest research study on the global WiFi Home Router market finds that the global WiFi Home Router market reached a value of USD 4381.53 million in 2022. It’s expected that the market will achieve USD 5688.42 million by 2028, exhibiting a CAGR of 4.45% during the forecast period.

Drivers

After the epidemic, people's life and work habits have undergone certain changes, and it has become an inevitable trend for people to use the Internet to study, work, and establish connections with others. The proliferation of online games and video streaming, commercial video conferencing and telemedicine has also contributed to a surge in Internet traffic. With the recovery of the epidemic, consumer demand for electronic devices such as laptops and mobile phones will gradually rebound. And WiFi home routers play an irreplaceable role in it. As the downstream market improves, the market demand for home routers will also be promoted.
At the same time, with the support of 5G, AI and other emerging technologies, the number of connected devices will explode from consumption to industry, from the connection of people to the interconnection of things and to the interaction between people and things. The explosive growth of mobile data and the increase in the number of connected devices have driven the market for high-end routers with large throughput and a large number of ports to usher in an incremental stage.

Market Challenges

On the macro level, the current global economy is in a state of inflation, commodity prices are skyrocketing, the global energy crisis and other factors have increased the daily production and operation costs of enterprises. In addition, the global supply chain has long been closely linked, and the research and development and production of WiFi home router products are inseparable from the semiconductor industry. However, the current shortage of global semiconductor supply will also affect WiFi home routers. Rising prices of raw materials and operating costs not only put pressure on corporate cash flow, but also affect the speed and progress of corporate development in the long run. With the increase of production costs of enterprises, in order to ensure the normal operation of enterprises, R&D investment must be appropriately reduced, but the sustainable development of enterprises needs to rely on technology to promote.
In the market, there are more and more home router products available for users to choose from. As an important channel of the mobile Internet, the functions are becoming more and more luxurious. With the fierce competition in the industry, the price threshold is getting lower and lower. For home users, this is undoubtedly a good thing. As for enterprises, in the fierce competition in the industry, how to increase their own shares while ensuring their own sustainable development is an important issue facing them.

Region Overview:

China dominated the WiFi Home Router market in 2022, with a market share of 27.91%.

Company Overview:

TP-LINK is one of the major players operating in the WiFi Home Router market, holding a share of 30.62% in 2023.

TP-LINK

TP-Link is China's network communication equipment development enterprise. TP-LINK's products mainly include: mobile power supplies, switches, routers, etc.

Huawei

Huawei Technologies Co., Ltd. is a multinational high-tech company that provides communication equipment and sells consumer electronic products including smart phones. Initially focused on manufacturing telephone exchanges, it has now expanded its business scope to construct telecommunications networks, provide operation and consulting services and equipment for domestic and foreign enterprises in China, and manufacture communication equipment for the consumer market.

Segmentation Overview:

As for product types, the 300-1000 Mbps segment held the largest market share in 2022.

Application Overview:

The market's largest segment by application is the segment Entertainment Using, with a market share of 80.79% in 2022.

Key Companies in the global WiFi Home Router market covered in Chapter 3:

Tenda
TP-LINK
D-Link
Qihoo 360
ASUS
Linksy
MERCURY
NETGEAR
Xiaomi
Huawei

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

300 Mbps and below
300-1000 Mbps
Above 1000 Mbps

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

Home Office Using
Entertainment Using

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)