How big is the Wi-Fi Router Market?

The Wi-Fi Router Market size is expected to reach USD 13.72 billion in 2024 and grow at a CAGR of 9.72% to reach USD 21.81 billion by 2029. Read More

What is the current Wi-Fi Router Market size?

In 2024, the Wi-Fi Router Market size is expected to reach USD 13.72 billion. Read More

Who are the key players in Wi-Fi Router Market?

Cisco Systems Inc, Ericsson Inc., Huawei Technologies Co.ltd, Juniper Networks Inc. and Alcatel Lucent Enterprise SAS are the major companies operating in the Wi-Fi Router Market. Read More

Which is the fastest growing region in Wi-Fi Router Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Wi-Fi Router Market?

In 2024, the North America accounts for the largest market share in Wi-Fi Router Market. Read More

What years does this Wi-Fi Router Market cover, and what was the market size in 2023?

In 2023, the Wi-Fi Router Market size was estimated at USD 12.39 billion. The report covers the Wi-Fi Router Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Wi-Fi Router Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Wi-Fi Router Market Share

Statistics for the 2023 & 2024 Wi-Fi Router market share, created by Mordor Intelligence™ Industry Reports. Wi-Fi Router share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Wi-Fi Router Industry

The Wi-Fi router market is moderately consolidated with the presence of several players like Cisco Systems Inc, Ericsson Inc., Huawei Technologies Co. Ltd., Juniper Networks Inc., Alcatel Lucent Enterprise, etc. The companies continuously invest in strategic partnerships and product developments to gain substantial market share.

In March 2023, NETGEAR introduced its first Wi-Fi 7-capable router, the Nighthawk RS700 - possibly one of the fastest consumer-grade networking devices capable of a 19 Gbps peak data rate. NETGEAR stated the tri-band unit is designed for low-latency AR(Augmented Reality)/VR (Virtual reality) gaming, UHD Zoom calls, 8k simultaneous streaming, and many more. The RS700 has a new tower-like shape not reminiscent of the last Nighthawk routers, which is designed to house antennas for 360-degree coverage of up to 3,500 square feet.

In November 2022, TP-Link, a global consumer and business networking product provider, released an entire home and business Wi-Fi 7 product line. TP-Link launched new Wi-Fi 7 routers, Omada EAPs, Deco products, and Aginet products for ISP markets to cover all usage scenarios. TP-Link's new HomeShield 3.0 also provides more reliable and smarter network solutions. Continuing as one of the top performances of the Archer series, Wi-Fi 7 routers bring unprecedented experiences to homes. Three Wi-Fi 7 routers were unveiled at the event. Among them, Archer BE900 has quad-band 24 Gbps Wi-Fi 7 speeds and has a brand new design reimagined from previous routers.