Premium Wireless Routers Market Size, Share, Growth, And Industry Analysis, By Type (Single Band Wireless Routers, Dual Band Wireless Routers, and Tri Band Wireless Routers), By Application (Family or Individual Consumer, Business, and Other Application), Regional Forecast To 2031

Updated On: 01 April 2024

Premium Wireless Routers Market Report Overview

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The global premium wireless routers market size was valued USD 496.64 billion in 2021 and the market is expected to reach USD 781.51 billion in 2030, exhibiting with a growing CAGR of 5.8% during the forecast period. The sudden rise in CAGR is attributable to the market growth and demand returning to pre-pandemic levels once the pandemic is over.

The Internet or two or more local networks can be connected by a router. Wireless routers are also referred to as WLAN (wireless local area network) devices. An alternative term for a wireless network is a Wi-Fi network. The gear that Internet service providers use to connect customers to their cable or xDSL Internet network is called a wireless router, and the customer can find these devices frequently in residential settings. Wireless routers, also referred to as Wi-Fi routers, combine the networking capabilities of wireless access points and routers. The vast majority of premium wireless routers are employed to offer access to a private computer network or the Internet. A premium wireless router is connected to a modem with a cable. This makes it possible for the modem to receive data from a different source before sending it to a user of the Internet.

Premium wireless routers industry is anticipating rapid growth in demand for high-speed internet access. It provides a smooth and effective wireless connection to all devices within the home or office network, with no disturbance from crowded Wi-Fi signals. It offers a secure and fast internet connection that saves the cost of hiring IT experts for installation. It is easy to install, with no wires or cables required.

COVID-19 Impact: Increase in Demand for Wireless Routers during the Pandemic due to People Increasingly Working from Homes

Companies and private individuals were seen claiming to preserve their various IT goods for their employees when work from home (WFH) became the new norm during the COVID-19 epidemic. As a result, a dramatic increase in demand was being caused by the availability of IT peripherals such wireless routers. Microbranch routers and other wireless solutions for end users were included in the solutions and offers that were targeted at clients in any market sector and industry designed to enable the reliable remote work remote network.

Latest Trends

"Introduction of New Tri-Band Mesh Router to Shield Devices from Various Risks"

The 4G LTE ORBI Tri-band mesh Wi-Fi router was released by Netgear Inc. in January 2020. A network connection that is supported by 4G LTE in the event that the wired service is disrupted can also be created by combining ORBI 4G LTE with the currently available wired service. Additionally, all home internet-connected devices can be shielded from viruses, spyware, stolen passwords, identity theft, and hacking by using Netgear Armor, a cybersecurity solution, in conjunction with ORRBI Mesh Wi-Fi Systems.

Premium Wireless Routers Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Single Band Wireless Routers, Dual Band Wireless Routers and Tri Band Wireless Routers

Based on type, the single band wireless routers hold the largest segment.

• By Application Analysis

Based on application, the market can be divided into Family or Individual Consumer, Business and Other Application

Based on application, the family and individual consumer hold the largest segment

Driving Factors

"Constant Development of the Router Technology has Promoted the Players the Successfully Meet the Demands of Customers"

The main reason why wireless technology is developing is because of the frequently changing standards created to make routers better. In line with advancements in IEEE (Institute of Electrical and Electronics Engineers) standards, wireless router technology has been developing steadily over the past ten years. The highest speeds and transmission capacities of these standards are continually updated to increase network throughput. The market's businesses now have the tools to innovate and successfully meet the demands of the customers for greater bandwidth and speedier internet. The main market drivers of the premium wireless routers are the rise in IP traffic and the rising consumer requirement for web-enabled gadgets.

"Growing Demand from the Home Sector will Speed Along the Requirement for Wireless Routers  "

Due to the growing number of smart gadgets, the wireless traffic jam in the home sector will only get worse. Home WiFi networks are experiencing a surge in demand as a result of this, from bathroom scales to garage door openers. By the end of 2020, it was anticipated that families around the globe would have more than 10.5 billion gadgets that could be connected to their home Wifi routers owing to this development, according to Linksys, a US business that provides data networking hardware solutions.

Restraining Factors

"Speed of the Internet and Costs of the Routers may Obstruct the Market from Growing  "

Routers do not simply read the top two layers of data, unlike repeaters and bridges. From the physical to the network layer, it analyzes data in its entirety. The connection might be sluggish as a result. Two or more computers can share a network via routers, however this causes the router to experience a condition known as "connection wait." The connection may slow down even more as a result. Routers cost more than any other networking device, which is another reason limiting the premium wireless routers market growth. Hub, bridge, and security are all part of this. Consequently, in terms of price, routers may not always be the best choice.

Premium Wireless Routers Market Regional Insights

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"Increase in R&D Activities and Production Capacities has Led Asia Pacific to Lead in the Global Market"

The Asia Pacific segment has the biggest premium wireless routers market share in the overall sector, with the market in China contributing a disproportionately greater amount of revenue when compared to other nations in the area. Caused by an increase in research and development activities and increased production capacities among market participants in the region, revenue from the Asia Pacific market is anticipated to grow at a noticeably high rate over the forecast period.

The industry for premium wireless routers was supported by the existence of significant technological titans like Cisco, D-Link, and TP-Link as well as the mass acceptance of technology trends in the nation. The fixed broadband sector is also developed. By the projected period, it is expected that almost three out of every four US family units would have a fixed broadband connection, indicating that the market is almost at saturation.

Key Industry Players

"Major Contenders are Utilizing Strategic Collaboration Projects to Enhance their Sales and Profitability"

There are several significant companies in the fiercely competitive wireless router industry. Few of the big competitors now control the majority of the market in terms of profitability. The major firms who hold significant market shares are concentrating on growing their clientele abroad. In order to enhance their sales and profitability, these businesses are utilizing strategic collaboration projects. To improve the capabilities of their products, market players are also buying up start-ups developing wireless router technology.

List of Market Players Profiled

• TP-LINK (China)
• D-Link (Taiwan)
• Cisco (U.S.)
• Tenda (China)
• Belkin (Linksys) (U.S.)
• NETCORE Group (qihoo 360) (India)
• MERCURY (U.S.)
• Netgear (U.S.)
• FAST (U.S.)
• Buffalo (U.S.)
• Amped (New Zealand)
• Edimax (Taiwan)
• Asus (Taiwan)
• Huawei (China)
• Xiaomi (China)
• HiWiFi (Germany)

Report Coverage

This report covers the premium wireless routers market. The CAGR expected to be in during the forecast period, and also the USD value in 2022 and what it is expected to be in 2030. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.