The Residential Routers Market size is estimated at USD 12.39 billion in 2024, and is expected to reach USD 19.12 billion by 2029, growing at a CAGR of 9.06% during the forecast period (2024-2029).
The residential router market is experiencing significant changes as new bandwidth usage and service delivery scenarios are reshaping network infrastructures. Equipment manufacturers are responding by developing carrier-class routers that support a broader range of services and applications and offer capacity scalability and higher data rates. With many players involved in this sector, the market is highly fragmented and has the potential to grow further as manufacturers invest in innovative hardware and software features in their products. Some significant players offering their services in this sector include D-Link Corporation, Netgear Inc., Linksys Group (Foxconn), Synology Inc., and more.
In May 2022, HFCL Limited collaborated with Wipro to introduce 5G transport solutions that enable enterprises to realize their 5G-enabled vision and increase the speed with which they can bring high-quality 5G solutions to the market. In October 2022, MediaTek partnered with Invendis to launch Made in India 5G Routers and Wi-fi solutions, providing consumers and enterprise customers with secure, strong, and seamless wireless networking solutions. And in February 2023, Telecom26 and Trasna Solutions partnered to develop eSIM management solutions for cellular routers, offering router manufacturers an efficient and user-friendly way to manage eSIMs on their existing SIM-based devices.
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