Residential Router Trends and Forecast
The future of the global residential router market looks promising with opportunities in the home office and entertainment applications. The global residential router market is expected to reach an estimated $13.7 billion by 2030 with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are growing preference for smart homes, increased need for strong Wi-Fi connections and speeds, and growing adoption of the 5th generation technology.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Residential Router by Segment
The study includes a forecast for the global residential router by type, application, end use industry, technology, and region
Residential Router Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Wireless
• Wired
Residential Router Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Home Office
• Entertainment
Residential Router Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Residential Router Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies residential router companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the residential router companies profiled in this report include-
• Netgear
• D-Link
• TP-Link Technologies
• Linksys
• TRENDnet
• Synology
• AsusTek Computer
• Google
• Nokia Networks
• Xiaomi
Residential Router Market Insights
Lucintel forecast that wireless is expected to witness higher growth over the forecast period due to growing demand for this technology in semi-urban and rural areas.
Home office is expected to witness higher growth over the forecast perioddue to increased demand for these routers among individuals working from home.
North America is expected to witness highest growth over the forecast period due to owing demand for 5G technology and high demand for high-speed internet access in homes of the region.
Features of the Global Residential Router Market
Market Size Estimates: Residential router market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Residential router market size by type, application, and region in terms of value ($B).
Regional Analysis: Residential router market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the residential router market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the residential router market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the residential router market size?
Answer: The global residential router market is expected to reach an estimated $13.7 billion by 2030.
Q.2 What is the growth forecast for residential router market?
Answer: The global residential router market is expected to grow with a CAGR of 6.8% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the residential router market?
Answer: The major drivers for this market are growing preference for smart homes, increased need for strong Wi-Fi connections and speeds, and growing adoption of the 5th generation technology.
Q4. What are the major segments for residential router market?
Answer: The future of the residential router market looks promising with opportunities in the home office and entertainment applications.
Q5. Who are the key residential router market companies?
Answer: Some of the key residential router companies are as follows:
• Netgear
• D-Link
• TP-Link Technologies
• Linksys
• TRENDnet
• Synology
• AsusTek Computer
• Google
• Nokia Networks
• Xiaomi
Q6. Which residential router market segment will be the largest in future?
Answer: Lucintel forecast that wireless is expected to witness higher growth over the forecast period due to growing demand for this technology in semi-urban and rural areas.
Q7. In residential router market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to owing demand for 5G technology and high demand for high-speed internet access in homes of the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the residential router market by type (wireless and wired), application (home office and entertainment), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Residential Router Market, Residential Router Market Size, Residential Router Market Growth, Residential Router Market Analysis, Residential Router Market Report, Residential Router Market Share, Residential Router Market Trends, Residential Router Market Forecast, Residential Router Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.