Wireless router market size to increase by $6,767.28 million

The wireless router market by end-user, type, and geography – forecast and analysis 2023-2027 report has been published by Technavio. Market growth is estimated to accelerate at a CAGR of 8.49% and register an incremental growth of USD 6,767.28 million during the forecast period. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market.

Based on region, the global wireless router market is segmented into North America, APAC, Europe, South America, and the Middle East and Africa. North America is estimated to contribute 34% to the growth of the global market over the forecast period. The demand for high-speed internet is high in the region owing to the increasing use of smart appliances, the presence of a mature end-user base, and the early adoption of new technologies. This, in turn, will drive the growth of the market in the region during the forecast period.

Market dynamics
The market is driven by factors such as the increasing use of smart connected home systems, growth in the adoption of WLAN, and the rise in demand for distance learning. However, the inferior communication network infrastructure in developing regions is hindering the market growth.

Market segmentation

• Based on end-user, the market is segmented into non-residential and residential. The non-residential segment will account for the largest share of the market’s growth during the forecast period.
• Based on geography, the market is segmented into North America, APAC, Europe, South America, and Middle East and Africa. North America will account for the largest share of the market’s growth during the forecast period.

CT Bureau