Wi-Fi Router Market Size (2024 - 2029)

Wi-Fi Router Market Analysis

The Wi-Fi Router Market size is estimated at USD 13.72 billion in 2024, and is expected to reach USD 21.81 billion by 2029, growing at a CAGR of 9.72% during the forecast period (2024-2029).

A growing number of customers are engaging in web browsing, mobile learning, and other online-related activities, driving the demand for faster Internet access. As a result, the wireless router, frequently utilized in laptops, PCs, and tablets, has become essential for human existence. Wireless routers are primarily responsible for the rising need among consumers to stay linked to dependable Internet and for enhancing internet connections in numerous nations.

• A growing number of customers are engaging in e-commerce transactions, web browsing, mobile learning, and other online-related activities, driving the demand for faster Internet access. As a result, the wireless router, frequently utilized in laptops, PCs, and tablets, has become essential for human existence. Wi-Fi routers are mostly responsible for the rising need among consumers to stay linked to dependable Internet and for enhancing Wi-Fi connections in numerous nations. 
• The increasing use of connected devices in healthcare, education, business, financial services, and other applications is one of the critical drivers of the worldwide wireless router market. Additionally, the market growth is positively impacted by small and medium businesses adopting a bring your device policy. Further, during the projected period, a rise in government initiatives for smart city projects is anticipated to create lucrative opportunities for market expansion.
• Further, in 2022, the International Telecommunication Union (ITU) estimates that 5,300 Million people, or 66% of the world's population, will use the Internet. This marks a 24% growth from 2019, with an expected 1.1 billion individuals joining the Internet throughout that time. The advancement in Internet penetration will create opportunities for international and local Wireless router vendors to introduce new products and improve the bandwidth to capture a significant market share.
• Moreover, By 2023, there will be close to 30 billion network-connected devices and connections, up from 18.4 billion in 2018, predicts Cisco's Annual Internet Report. By 2023, IoT devices will drive up 50% (14.7 billion) of all networked devices, up from 33% (6.1 billion) in 2018. Further, according to Cisco, the fixed internet IP traffic has increased from 65,942 units in 2016 to 1,87,386 units in 2021. Such a rise in internet traffic will drive the studied market. 
• Further, according to the stats counter, in Canada, mobile traffic accounted for more than 38.04 % of all website traffic in January 2022, down from 40.95% in 2020. In Canada, desktops and laptops continue to dominate web usage. Such a rise in Internet-connected devices would allow the studied market to grow.
• As digitization adaptation increases, this amount will increase even more. Traffic in metro areas has significantly increased as compared to prior years. In recent years, inter-jurisdictional and inter-disciplinary communications interoperability was greatly aided by the fourth generation Long Term Evolution (4G/LTE) mobile broadband networks.

Wi-Fi Router Industry Segmentation

A Wi-Fi router is a device that performs the functions of a router and includes the functions of a wireless access point with the help of a single, dual, and tri-band. It is a device that provides access to the Internet, or computers, laptops, and tablets, to a network. It allows users to share an Internet connection, files, or printers in a local area network (LAN).

The global Wi-Fi router market is segmented by type ( edge router and core router), by organization size (small and medium enterprises and large enterprises), by end-user industry (healthcare, transportation & logistics, retail & e-commerce, manufacturing, government, BYFI, and other industries) and by geography (North America, Europe, Asia Pacific, Middle East and Africa, and Latin America).

The market sizes and forecasts are provided in terms of value (USD) for all the above segments.