Home Wi-Fi Router and Extender Market: Product Scope, Overview, Industry Opportunities, Driving Forces and Risk Analysis

The home Wi-Fi router and extender industry is going through a diverse phase in different regions of the world. Usage of routers and extenders in North America and Europe has made home Wi-Fi router and extender a mature market. Developing countries in Asia Pacific and Middle East & Africa that are experiencing the new product replacement trend due to upgrading protocols and increasing penetration of connected devices are majorly driving the global home Wi-Fi router and extender market. The market is projected to expand at a CAGR of 6.6% during the forecast period and reach US$ 12,956.9 Mn by 2026.

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Mobile connectivity and increase in internet bandwidth are estimated to play a pivotal role in the development of the home Wi-Fi router and extender market, enabling wireless-based networking device adoption in the near future. Increased usage of wireless connected home appliances, healthcare monitors, and wearable devices, and decrease in the cost of networking hardware is anticipated to increase the demand for connected devices in the near future. According to the Cisco Visual Networking Index 2015–2020, the number of mobile connected devices, including M2M modules, is projected to reach 11.6 billion by 2020. Furthermore, according to the Organization for Economic Co-operation and Development (OECD), the number of connected devices in OECD countries is likely to reach 14 billion by 2022, from 1.8 billion in 2012.