Wireless Router Market Report 2024 (Global Edition)

Global Wireless Router Market Report 2024 Market Size Split by Type (Single Band, Dual Band, Tri-Band, Services), by End-User (Residential, Commercial, BFSI, Education, Healthcare, Media and Entertain...

Wireless Router Market Report Description

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Competitive Landscape of the Wireless Router Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge reagents, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

Wireless Router industry news

In December 2023, D-Link, a renowned global networking and connectivity solutions provider, announced its latest innovation, the AQUILA PRO AI AX3000 Wi-Fi 6 Smart Mesh Router (M30). This advanced router, crafted with precision under the MIT (Made in Taiwan) quality standards, is designed to tackle the primary concerns of Wi-Fi users: coverage, speed, and dependability. With its integrated AI algorithm, the AQUILA PRO AI M30 promises to transform the home networking landscape, delivering an unparalleled user experience. 

(Source: https://www.dlink.com/uk/en/press-centre/press-releases/2023/december/05/d-link-launches-ai-powered-smart-mesh-router-for-optimised-more-reliable-faster-wifi-connectivity)

In January 2022, NETGEAR®, Inc. introduced a fresh addition to its award-winning Wi-Fi 6E series of routers. Following the success of the Nighthawk® RAXE500, which was honored with the 2021 CES Innovation Award, the new Nighthawk RAXE300 Tri-band Wi-Fi 6E Router delivers speeds of up to 7.8Gbps. Harnessing the power of the 6GHz band, this router ensures rapid connectivity without interference or congestion, marking a new era of seamless networking.

(Source: https://www.netgear.com/in/about/press-releases/2022/new-year-new-heights-netgear-builds-on-wifi-6e-leadership-with-latest-nighthawk-wifi-6e-tri-band-router/)

Top Companies Market Share in Wireless Router Industry: (In no particular order of Rank)

• TP-LINK (China) 
• D-Link (China)
• Cisco (U.S.)
• Tenda (US)
• Belkin (Linksys) (U.S.)
• NETCORE Group (Qihoo 360) (China)
• Netgear (U.S.)
• FAST (U.S.)
• Edimax (China)
• Asus (China) 
• Huawei (China) 
• Xiaomi (China) 
• HiWiFi (China).
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Wireless Router Market

Which Region Dominates the Wireless Router Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. This trend can be due to the increasing adoption of digital technology across various sectors, such as BFSI, education, and healthcare, along with the expanding utilization of cloud-based technology in the region. The U.S. is one of the biggest online markets in the world, and with such a huge population using the Internet, this boosts the demand for wireless routers.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region is witnessing an increase in wireless router sales. The robust growth is driven by the increasing adoption of digital technology and cloud-based solutions across various sectors. This region is projected to experience significant growth in demand for wireless routers owing to expanding internet connectivity and the proliferation of IoT devices. Additionally, the government and public sectors are expected to focus more on monitoring network security due to heightened cyber threats. With ongoing technological advancements, a favorable economic landscape, and rising investments in infrastructure, this region presents lucrative opportunities for wireless router manufacturers.

The current report Scope analyzes Wireless Router Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Wireless Router Market

According to Cognitive Market Research, the global Wireless Router market size was estimated at USD 15351.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 6140.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031. In North America, Wireless Router sales dominate, fuelled by widespread internet penetration and technological advancements. The region's increasing reliance on wireless connectivity for work, education, entertainment, and IoT applications propels consistent demand. Major regional players compete fiercely to innovate and capture market share, further contributing to market dominance. The commercial sector in North America is intricately tied to the expanding Wireless Router market. Businesses are adopting advanced wireless routers to support remote work, enhance customer experiences, and facilitate seamless connectivity for employees. With the rise of digital transformation initiatives and cloud-based services, the commercial segment is expected to expand with technological advancements in this region.

• According to Cognitive Market Research, the US had a major share in the Wireless Router market with a market size of USD 4844.84 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. The demand is amplified by the nation's increasing demand for high-speed internet connectivity.
• The Canadian wireless Router market had a market share of USD 736.86 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. Canada's rising innovation and competition contribute to increased usage of Wireless routers.
• The Mexico Wireless Router market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 558.78 million in 2024.

 

Europe Wireless Router Market

According to Cognitive Market Research, with a market value of USD 15351.2 million in 2024, it is projected to expand at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 4605.36 million. The European wireless router market is experiencing steady growth due to increasing internet penetration, technological advancements, and the proliferation of IoT devices. The surge in residential sector wireless router sales across Europe is intimately linked to the growth of this market. With technological advancements, the expansion of broadband infrastructure, and the increasing adoption of smart home devices and streaming services, consumers seek routers offering enhanced performance, wider coverage, and advanced security features, driving market expansion.

• The United Kingdom Wireless Router market had a market share of USD 773.70 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. In the UK, wireless router sales witness an upswing due to the nation's robust range of routers that meet diverse consumer needs. 
• The France Wireless Router market is projected to witness growth at a CAGR of 7.2% during the forecast period with a market size of USD 423.69 million in 2024.
• According to Cognitive Market Research, the German wireless Router market size was valued at USD 911.86 million in 2024 and is projected to grow at a CAGR of 8.2% during the forecast period. In Germany, Wireless Router sales surge due to the nation's expanding wireless infrastructure and providing seamless connectivity. 
• The Italy Wireless Router market is projected to witness growth at a CAGR of 7.4% during the forecast period with a market size of USD 396.06 million in 2024.
• The Russia Wireless Router market is projected to witness growth at a CAGR of 7.0% during the forecast period with a market size of USD 713.83 million in 2024.
• The Spain Wireless Router market is projected to witness growth at a CAGR of 7.1% during the forecast period with a market size of USD 377.64 million in 2024.
• The Luxembourg Wireless Router market is projected to witness growth at a CAGR of 8.1% during the forecast period with a market size of USD 142.77 million in 2024.
• The Portugal Wireless Router market is projected to witness growth at a CAGR of 7.8% during the forecast period with a market size of USD 96.71 million in 2024.
• The Greece Wireless Router market is projected to witness growth at a CAGR of 8.3% during the forecast period with a market size of USD 55.26 million in 2024.
• The rest of Europe's Wireless Router market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 713.83 million in 2024.

Asia Pacific Wireless Router Market

According to Cognitive Market Research, the global Wireless Router market size was estimated at USD 15351.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 3530.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.5% from 2024 to 2031. The Asia Pacific region is experiencing growth in the sales of wireless routers. This growth can be attributed to the region's increasing internet penetration and technological advancements. The rising demand for Wireless routers in the Asia Pacific finds a pivotal ally in the growing preference for dual-band wireless routers as type. This segment offers advanced dual-band routers tailored to this region’s consumer preferences. Dual-band routers operating on both 2.4 GHz and 5 GHz frequencies are preferred for their versatility and ability to provide faster speeds and reduced interference, promoting expansion.

• According to Cognitive Market Research, the China Wireless Router market size was valued at USD 1588.85 million in 2024 and is projected to grow at a CAGR of 11.0% during the forecast period. Wireless Router sales surged in China due to the nation's rapid digitalization and increasing demand for high-speed internet connectivity.
• The Japan Wireless Router market is projected to witness growth at a CAGR of 10.0% during the forecast period with a market size of USD 487.25 million in 2024.
• The India Wireless Router market had a market share of USD 423.69 million in 2024 and is projected to grow at a CAGR of 13.3% during the forecast period. The demand is amplified by India's rising government initiatives promoting broadband infrastructure development and digital transformation.
• The South Korea Wireless Router market is projected to witness growth at a CAGR of 10.6% during the forecast period with a market size of USD 353.08 million in 2024.
• The Australia Wireless Router market is projected to witness growth at a CAGR of 11.2% during the forecast period with a market size of USD 183.60 million in 2024.
• The South East Asia Wireless Router market is projected to witness growth at a CAGR of 12.5% during the forecast period with a market size of USD 243.62 million in 2024.
• The Rest of the Asia Pacific Wireless Router market is projected to witness growth at a CAGR of 11.3% during the forecast period with a market size of USD 250.69 million in 2024.

 

South America Wireless Router Market

According to Cognitive Market Research, the global Wireless Router market size was estimated at USD 15351.2 Million, out of which Latin America market of more than 5% of the global revenue with a market size of USD 767.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.9% from 2024 to 2031. Wireless Router sales in Latin America are experiencing growth due to the region's increasing internet penetration and adoption of digital technologies. With the rise of remote work, online education, and digital entertainment, there's a heightened demand for reliable and high-performance wireless routers. The upswing in single-band wireless routers across Latin America is closely tied to the expanding Wireless Router market. The affordability and simplicity of single-band routers make them popular in the region, particularly in areas with limited broadband infrastructure. Further, government initiatives to improve internet access and digital inclusion support the growth of this region's single-band wireless router segment.

• According to Cognitive Market Research, the Brazil Wireless Router market size was valued at USD 328.52 million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. Wireless Router sales flourish in Brazil due to the nation's demand for advanced networking solutions.
• The Argentina Wireless Router market had a market share of USD 128.95 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period. The demand is enlarged by Argentina's growing population of internet users and the adoption of smart devices.
• The Colombia Wireless Router market is projected to witness growth at a CAGR of 8.7% during the forecast period with a market size of USD 68.31 million in 2024.
• The Peru Wireless Router market is projected to witness growth at a CAGR of 9.1% during the forecast period with a market size of USD 62.94 million in 2024.
• The Chile Wireless Router market is projected to witness growth at a CAGR of 9.2% during the forecast period with a market size of USD 55.26 million in 2024.
• The Rest of the Latin America Wireless Router market is projected to witness growth at a CAGR of 8.0% during the forecast period with a market size of USD 123.58 million in 2024.

Middle East and Africa Wireless Router Market

According to Cognitive Market Research, the global Wireless Router market size was estimated at USD 15351.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 307.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031. MEA experiences an upswing in Wireless Router sales driven by the rise of remote work, e-learning, and smart home applications, as well as a growing demand for reliable and high-performance wireless routers. The rise in residential areas in the MEA region aligns with the flourishing wireless router market. With the rise of remote work, online education, and digital entertainment, there's a growing demand for reliable, high-speed internet connectivity in residential areas. The proliferation of smart home devices further drives the adoption of wireless routers in households across the MEA region.

• According to Cognitive Market Research, the GCC Countries Wireless Router market size was valued at USD 131.41 million in 2024 and is projected to grow at a CAGR of 10.0% during the forecast period. Wireless Router sales flourish in the GCC Countries due to the region's increasing internet penetration and digital transformation initiatives.
• The Egypt Wireless Router market is projected to witness growth at a CAGR of 9.5% during the forecast period with a market size of USD 32.24 million in 2024.
• The South African wireless Router market is projected to grow at a CAGR of 10.2% during the forecast period, reaching USD 48.51 million in 2024. Wireless Router sales flourish in South Africa due to the region's investments in broadband infrastructure and smart city projects.
• The Turkey Wireless Router market is projected to witness growth at a CAGR of 8.7% during the forecast period with a market size of USD 26.40 million in 2024.
• The Nigeria Wireless Router market is projected to witness growth at a CAGR of 8.3% during the forecast period with a market size of USD 32.24 million in 2024.
• The Rest of the MEA Wireless Router market is projected to witness growth at a CAGR of 8.2% during the forecast period with a market size of USD 36.23 million in 2024.

Wireless Router Market Analysis

Wireless Router Type Segment Analysis

According to Cognitive Market Research, the dual-band held the major market share over the forecast period. Dual-band routers are well-suited for homes because they operate simultaneously on the 2.4 and 5 GHz frequency bands. This allows users to enjoy faster speeds and better performance, especially in environments with multiple Wi-Fi devices or interference from neighboring networks. These routers offer compatibility with a wide range of devices, making them ideal for meeting the diverse connectivity needs of households, which will propel their market dominance over the forecast period.

The single-band is the fastest-growing category in the forecast period. It is experiencing rapid growth due to factors like affordability and simplicity. It appeals to consumers seeking basic Wi-Fi connectivity without additional features. Emerging markets and specific use cases, such as IoT devices, contribute to its rising popularity. While lacking the performance of Dual Band or Tri Band routers, Single Band routers suffice for many households' basic networking needs. As internet penetration expands, the Single Band segment is poised to continue its upward trajectory in the wireless router market.

• Single Band
• Dual Band
• Tri-Band
• Services

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Wireless Router Industry. Request a Free Sample PDF!

Wireless Router End Users Segment Analysis

According to Cognitive Market Research, the residential sector holds a prominent market share. This is because households increasingly rely on internet connectivity for various activities such as remote work, online learning, entertainment streaming, and smart home applications. The sheer volume of residential users and their diverse connectivity necessities often make the residential segment the largest and most influential in the wireless router market.

The commercial is the fastest-growing category over the forecast period. This is attributed to businesses, enterprises, and organizations increasingly relying on robust wireless networking solutions to support operations, facilitate employee connectivity, and enhance customer experiences. With the rise of digital transformation initiatives, remote work trends, and the acceptance of cloud-based services in the commercial sector, there's a heightened demand for high-performance wireless routers, making it the fastest-growing segment over the forecast period.

• Residential
• Commercial
• BFSI
• Education
• Healthcare
• Media and Entertainment
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

Author's Conclusion