Increasing Requirement for Internet in Homes Across the Globe Has Increased the Demand for Home Wifi Router and Extender  Market 

Globally, the home wifi extender and router market is expected to grow with a CAGR of 9.30% during the forecast period from 2023 to 2030 and is expected to register a market value of US$ 18.91 Bn by 2030. A wifi router is a device that includes the functionality of both the router and a wireless access point. These devices are used to offer access to the Internet or a private computer network. These devices allow the user to access the internet on smart devices without the requirement of any wire for connection. The wifi extender is a device that is used for repeating the wireless signal of the router to increase its coverage. 

The wifi extender acts as a bridge, captures the WiFi signals from the router, and extents the signals it to areas where the WiFi signals are weak or do not reach, resulting in improving the performance of your home Wifi. The rising population and increasing demand for wifi in homes across the globe is one of the major factors driving the market. As the rise in digitalization has increased the use of the internet leading to increasing demand for the internet. 

Home Wifi Router and Extender  with Uplink Port in its Wi-Fi Router Segment Continue Dominating the Market 

In 2021, the overall home wifi router and extender market was led by the uplink Port segment in its wi-fi router segment contributing to a high percentage of the market share of the total revenue generated globally in 2020 and is expected to grow with a CAGR of 9.6% during the forecast period and is expected to be the fastest-growing segment throughout the forecast period. The uplink port allows a user to add additional ports to connect different devices to the network and also allows individuals to extend the signals of the wifi allowing to expand the signals. 

Asia-Pacific Dominates the Market by Region 

The global home wifi router and extender market was led by Asia-Pacific with a market share of more than 40% in the year 2020. The increasing urbanization and digitalization in the region are primarily reseasoned for the growth of the market. Additionally, the increasing use of smart home devices is another factor driving the market in the region. Similarly, the rising population and increasing demand for home wifi play a crucial role in the growth of the market. Based on countries the market has been segmented as India, China, Japan, and Rest of Asia-Pacific. China accounts for the largest market share in the region. 

Some of the prominent players operating in the home wifi router and extender are ASUS TeK Computer Inc., Actiontec Electronics, Inc., Belkin International, Inc., Dell Inc., Cisco Systems Inc., TP-Link Technologies Co., Ltd., Devolo AG, D-Link Corp., Intel Corporation, Huawei Technologies Co. Ltd., Legrand SA, Tenda Technology Inc., Netgear, Inc., and ZyXEL Communications Corp.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Home Wifi Router And Extender market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Home Wifi Router And Extender market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Home Wifi Router And Extender market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Home Wifi Router And Extender market?
• Which is the largest regional market for Home Wifi Router And Extender market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Home Wifi Router And Extender market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Home Wifi Router And Extender market worldwide?