The Home Networking Devices Market was valued at USD 18.1 Bn in 2021, at CAGR of 5.6% during the forecast period (2022-2030), and the Market is projected to be worth USD 29.6 Bn by 2030.
The increased adoption of Home Networking Devices in the Next Generation industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Home Networking Devices also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Home Networking Devices in many sectors also boosts the market growth during the forecast period.
Home networking devices are devices that are linked to one other and to the internet, such as game systems, mobile devices, and numerous PCs. These devices provide quick access to all network-connected devices’ files and directories. These devices are used to link personal devices by establishing a local area network (LAN).
Home Networking Devices Market Research Report” was just released by Market Research Community. It is divided into several categories, including type (Wired Type, Network Line, Power line, Wireless Type, Wi-Fi, ZigBee, Z-Wave), Product Type (Audio Equipment, Video Devices, Gaming Consoles), Component (Hub and Switch, Router, Extender, Adapter, Wireless Access Point (WAP)), Industry Vertical (Telecommunication, Smart Home, IT, Others), and companies (Actiontec Electronics, Mechoshade Systems, AsusTek Computer Inc., Nokia, Tenda Technology, Crestron Electronics, Schneider Electric, Lutron Electronic Ltd., Vantage Controls, Inc., Watt Stopper, Siemens AG, Ingersoll-Rand PLC, HP, TP-Link Technologies, Legrand SA, ZyXEL Communications Corp., PLANET Technology, Buffalo, Inc., Huawei Technologies Co. Ltd., Google, Linux, Devolo, Amazon), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 5.6%, over the forecast period of 2022–2030
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||29.6 Billion|
|By Type||Wired Type, Network Line, Power line, Wireless Type, Wi-Fi, ZigBee, Z-Wave|
|By Product Type||Audio Equipment, Video Devices, Gaming Consoles|
|By Component||Hub and Switch, Router, Extender, Adapter, Wireless Access Point (WAP)|
|By Industry Vertical||Telecommunication, Smart Home, IT, Others|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Actiontec Electronics, Mechoshade Systems, AsusTek Computer Inc., Nokia, Tenda Technology, Crestron Electronics, Schneider Electric, Lutron Electronic Ltd., Vantage Controls, Inc., Watt Stopper, Siemens AG, Ingersoll-Rand PLC, HP, TP-Link Technologies, Legrand SA, ZyXEL Communications Corp., PLANET Technology, Buffalo, Inc., Huawei Technologies Co. Ltd., Google, Linux, Devolo, Amazon|
The COVID-19 pandemic has had a substantial negative influence on the Home Networking Devices market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Actiontec Electronics, Mechoshade Systems, AsusTek Computer Inc., Nokia, Tenda Technology, Crestron Electronics, Schneider Electric, Lutron Electronic Ltd., Vantage Controls, Inc., Watt Stopper, Siemens AG, Ingersoll-Rand PLC, HP, TP-Link Technologies, Legrand SA, ZyXEL Communications Corp., PLANET Technology, Buffalo, Inc., Huawei Technologies Co. Ltd., Google, Linux, Devolo, Amazon
Market Segment Analysis:
- Network Line
- Power line
By Product Type
- Audio Equipment
- Video Devices
- Gaming Consoles
- Hub and Switch
- Wireless Access Point (WAP)
By Industry Vertical
- Smart Home
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Home Networking Devices industries in the region.
Key Home Networking Devices Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Home Networking Devices Market segments.
– Largest Market Share Held by Industry to Industry for Home Networking Devices
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Home Networking Devices Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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