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Market Overview of Global WiFi Home Router market:
According to our latest research, the global WiFi Home Router market looks promising in the next 5 years. As of 2022, the global WiFi Home Router market was estimated at USD 4381.53 million, and it's anticipated to reach USD 5688.42 million in 2028, with a CAGR of 4.45% during the forecast years.
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.
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.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global WiFi Home Router market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global WiFi Home Router Market Report:
Market Size Estimates: WiFi Home Router market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: WiFi Home Router market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the WiFi Home Router market
Segment Market Analysis: WiFi Home Router market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: WiFi Home Router market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the WiFi Home Router Market: Revenue and sales volume of major countries in each region
WiFi Home Router Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the WiFi Home Router market in major regions.
WiFi Home Router Industry Value Chain: WiFi Home Router market raw materials & suppliers, manufacturing process, distributors, downstream customers
WiFi Home Router Industry News, Policies & Regulations
Key players in the global WiFi Home Router market are covered in Chapter 12:
ASUS
Linksy
NETGEAR
MERCURY
TP-LINK
Qihoo 360
Xiaomi
D-Link
Huawei
Tenda
In Chapter 2 and Chapter 15.1, based on types, the WiFi Home Router market from 2018 to 2028 is primarily split into:
300 Mbps and below
300-1000 Mbps
Above 1000 Mbps
In Chapter 3 and Chapter 15.2, based on applications, the WiFi Home Router market from 2018 to 2028 covers:
Home Office Using
Entertainment Using
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the WiFi Home Router market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028