Please Wait.....
Report
Residential Routers Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
Market Report I 2023-01-23 I 100 Pages I Mordor Intelligence
The residential routers market is expected to register a CAGR of about 8.4% over the forecast period. Growth in IP traffic and the transition towards the cloud for data storage are factors driving the market's growth. The residential routers market is bound to increase along with the growing smart home market.
Key Highlights
The rise in interest in online education is pushing the market. Students globally are increasingly embracing distance learning, especially those who find it challenging to attend classes for various reasons physically. Universities are developing, delivering, and managing courses online due to the growing popularity of distance learning.
A significant advancement in demand for smart home appliances, especially refrigerators, dishwashers, smart TV, voice assistants, and microwave ovens, has pushed the demand for residential routers-WiFi router improvements and technology advancements that enable internet connectivity to power the market for smart home gadgets.
Telecom carriers are concentrating on establishing strategic alliances with WiFi router makers to remain competitive as part of their expansion strategy. Players in the telecom industry who operate in developing nations like China and India are increasingly adopting this tactic. To provide bundled solutions that include WiFi routers, telecom operators in these nations are forming agreements with industry suppliers.
In contrast, security and privacy concerns inhibit the market's growth as most students are in online education and employees work from home due to the pandemic.
Due to the pandemic, all companies have shifted to remote working to prevent the virus from spreading. Remote working increased in the previous two years, creating a strong demand for internet connectivity at home that is both conveniently accessible and affordable.
Residential Routers Market Trends
Wireless Connectivity to Witness the Market Growth
The advancement of the ICT sector throughout time has revealed various new potentials for wireless routers, which were previously only utilized to the extent of their capabilities. This was primarily because businesses offering wireless router devices and services had been conservative in how they approached providing improved Wi-Fi. However, it is hoped that its hardware components will soon be able to support more ambitious goals.
Wireless routers are projected to experience a transition with the introduction of businesses like Plume, Starry, and Eero, together with well-known brands in the market, like Netgear and Google, through more excellent coverage, straightforward configuration, strict security, and appealing designs.
The main driving factor of wireless technology development is the constantly evolving standards created to advance router technology. Over the past ten years, wireless router technology has developed steadily, keeping up with advancements in IEE (Institute of Electrical and Electronics Engineers) standards. These standards are frequently upgraded to increase network throughput in terms of top speeds and transmission capacities.
Moreover, the firms are developing new products to meet various demands of the customer and capture a vast market share. For instance, in June 2022, nearly two years before the wireless standard's anticipated debut, Chinese network equipment manufacturer H3C unveiled what it claimed to be the first Wi-Fi 7 router. With a peak throughput of 18.443 Gbps, the H3C Magic BE18000 provides an early preview of the much faster throughput than Wi-Fi 6 or 6E hardware.
North America Is Expected to Hold Significant Market Share
North American region has witnessed growth due to the growing adoption of cloud-based adoption across the area and the rising demand for digital technology across serval industries such as BSFI, education, and health care.
Demand for connected devices such as smartphones, smartwatches, and tablets has increased globally. Because most of these gadgets require an internet connection, the residential router market is expected to grow. Furthermore, in smart homes, every item will need an internet connection to function effectively.
According to Cisco Annual Internet Report, in the United States, IP traffic increased 3-fold from 2016 to 2021, a compound annual growth rate of 20%. In the United States, IP traffic reached 79.6 Exabytes per month last year, up from 31.4 Exabytes per month in 2016. The United States's IP networks carried 2.6 Exabytes per day in 2021, up from 1.0 Exabytes per day in 2016.
The rise in residential construction in the region will drive the residential router market. For instance, the following new residential building statistics for June 2022 were jointly released by the US Census Bureau and the US Department of Housing and Urban Development (Building Permits: 1,685,000, Housing Starts:1,559,000, Housing Completions:1,365,000).
Residential Routers Market Competitor Analysis
The residential router market is highly fragmented due to the availability of many players in the market. Some key players in the market include D-Link Corporation, Netgear Inc., TP-Link Technologies Co. Ltd, TRENDnet Inc., and Linksys Group (Foxconn).
April 2022 - Netgear expanded its router portfolio by launching a new router, RAX10. It's a dual-band 4-stream Wi-Fi6-enabled router, features 4X more capacity, offers 40% increased data throughputs, and is 100% backward compatible with older devices.
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Impact of COVID-19 on the Market
4.4 Market Drivers
4.4.1 Increasing Demand of Connected Devices and Proliferating Smart Homes Market
4.4.2 Growth in IP Traffic
4.5 Market Challenges
4.5.1 Increasing Threat of Security Breaches
5 MARKET SEGMENTATION
5.1 Connectivity Type
5.1.1 Wired
5.1.2 Wireless
5.2 Standard
5.2.1 802.11b/g/n
5.2.2 802.11ac
5.2.3 802.11ax
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Rest of Asia-Pacific
5.3.4 Latin America
5.3.5 Middle East
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles*
6.1.1 Netgear Inc.
6.1.2 D-Link Corporation
6.1.3 TP-Link Technologies Co. Ltd
6.1.4 Linksys Group (Foxconn)
6.1.5 TRENDnet Inc.
6.1.6 Synology Inc.
6.1.7 AsusTek Computer Inc.
6.1.8 Google Inc.
6.1.9 Nokia Networks
6.1.10 Xiaomi Inc.
7 INVESTMENT ANALYSIS
8 FUTURE OF THE MARKET
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security