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.
Some of the key questions
answered in this exclusive report are:
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?
Market Segmentation:
In this market, wireless
and wired are the major segments of residential router market by type. 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.Within this market, 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.
Netgear, D-Link, Tp-Link
Technologies, Linksys, Trendnet, Synology, Asustek Computer, Google, Nokia
Networks, and Xiaomi are the major suppliers in the residential router market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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