Router Market Insights:
The router market is projected to be worth USD 27.19 Billion by 2028, registering a CAGR of 8.3 % CAGR during the forecast period (2022-2028), The market was valued at USD 15.56 Billion in 2021. The wireless segment is estimated to lead the type segment due to adoption of the smart devices like smart TV, smartphones, and other. IT and Telecom segments grab the largest market share due to the increasing adoption of a wireless router to boost networking activity among consumers during information transfer. The regional segment is dominated by the Asia Pacific due to the development of 5G and Wi-Fi 6 technologies and their adoption.
A router can connect one or more packet-switched networks or subnetworks. It controls traffic between many networks and makes it possible for numerous devices to share an Internet connection by sending data packets to the appropriate IP addresses. Different routers transmit data between LANs (local area networks) and WANs (wide area networks). A single router is needed for a LAN, which is a collection of connected devices that are housed in a single location.
Router Market Dynamics
Driver:
The rise in the adoption of connected devices in the healthcare sector for devices such as heart-rate monitoring equipment, remote patient monitoring apparatus, and others is estimated to drive the demand for routers.
Restrain:
Overheating and overloading of router technology, as well as high implementation costs for wireless router solutions, are anticipated to restrict router market expansion during the forecast period.
Opportunity:
A surge in government initiatives for smart city projects is anticipated to present lucrative opportunities for the router market.
COVID-19 Analysis of Router Market:
The COVID-19 pandemic outbreak has caused the router market to rise significantly over the last few years, and growth is predicted to grow further in the forecast period. This can be linked to the increased demand for routers among businesses to better meet the internet requirements of their employees. Additionally, more companies provide work-from-home opportunities to prevent the spread of the pandemic, which increased the use of routers. Further, people are becoming more dependent on high-speed internet access, which is fueling the router market’s expansion. The COVID-19 pandemic is anticipated to encourage expansion in several industrial automation sectors, including manufacturing, healthcare, oil and gas, retail and e-commerce, and manufacturing. This will enhance the demand for industrial router technology. These are the key elements that contributed to the market’s expansion during the COVID-19 pandemic.
Router Market Report Coverage
| Report Attributes | Report Details |
| Study Timeline | 2016-2028 |
| Market Size in 2028 (USD Billion) | 27.19 |
| CAGR (2022-2028) | 8.3% |
| By Type | Wired, Wireless, Single, Dual, Tri |
| By End-Use | BFSI, IT and Telecom, Education, Healthcare, Others |
| By geography | North America: U.S., Canada, Mexico
Europe: Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe Asia Pacific: China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific Latin America: Brazil, Argentina, Chile, Rest of Latin America The Middle East and Africa: GCC, Turkey, Israel, Rest of MEA |
Router Market Segmental Analysis:
By Type
By type, the segment is bifurcated into wired and Wireless. The wireless segment is expected to lead the type segment of the router market. The factor responsible for the growth of the market is the growing demand for high-speed network connectivity. Further adoption of smart devices such as a tablet, smart TV, and smartphones with effective connectivity is driving the demand for wireless routers.
By End-Use
The End-use segment is divided into BFSI, IT and Telecom, Education, Healthcare, and Others. In 2021, IT & telecom held the majority of the router market. Owing to the growing adoption of wireless routers by IT organizations to receive and transmit information to employees and consumers through the internet. Further, information transfer at a quicker speed with increased security fuels the demand for routers in various end-user industries.
By Region
The regional segment includes North America, Europe, Asia Pacific, the Middle East, and Africa. The Asia Pacific is projected to lead the segment. China is estimated to fuel the demand for routers in the region owing to developments of 5G and Wi-Fi 6. WiFi 6 is the next-generation standard in WiFi technology. Further, the launch of new products such as the Wi-Fi 6 AX3000 router with HiSilicon is estimated to enhance the growth of the market. North America is estimated to be the second dominating region in the router market in 2021. This is linked to the region’s expanding use of cloud-based technology and the increased uptake of digital technology across several sectors, including BFSI, education, and healthcare.
Router Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Major companies are focusing on market expansion strategies such as End-Use launches, mergers & acquisitions, and expansion of manufacturing facilities to boost market presence.
Key players
- ASUSTeK Computer Inc.
- Belkin International Inc.
- Cisco Systems Inc.
- D-link Corporation
- Eero LLC.
- Huawei Technologies Co., Ltd.
- Netgear
- Synology Inc.
- TP-link Technologies CO. Ltd
Recend Development
- The Aston Martin Cognizant Formula One Team and Juniper Networks established a new collaboration in December 2021, and Juniper Networks was named the team’s official networking equipment vendor. The team’s new technology campus, which is scheduled to open in early 2023, would receive a swift and extremely automated network infrastructure from Juniper as part of the cooperation.
- The leading provider of communications solutions in India, Bharti Airtel (Airtel), chose Juniper Networks in December 2021 to perform network enhancements, to broaden Airtel’s countrywide broadband coverage throughout India. As a result, Juniper will provide, supply, install, and upgrade to the MX Series routers to manage their subscribers and services.
FAQ
How much is the Router Market worth?
The Router Market is worth USD USD 27.19 Billion by 2028.
Who are the major players operating in this industry?
ASUSTeK Computer Inc., Belkin International Inc., Cisco Systems Inc., D-link Corporation, Eero LLC. are the major players operating in this industry.
Which region contributed the largest share of the market growth?
The Asia Pacific contributed the largest share of the market growth.
What is the main market-driving factor?
The rise in the adoption of connected devices in the healthcare sector for devices such as heart-rate monitoring equipment
Which is the leading type segment in this market?
Wireless segment is expected to contribute the largest share to the type segment.
Table of Content
- Introduction
- Market Introduction
- Market Research Methodology
- Research Process
- Primary Research
- Secondary Research
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Limitations of the Study
- End-Use Picture of Router
- Global Router Market: Classification
- Geographic Scope
- Years Considered for the Study
- Research Methodology in brief:
- Parent Market Overview
- Overall Router Market Regional Demand
- Research Programs/Design
- Market Breakdown and Data Triangulation Approach
- Data Source
- Secondary Sources
- Primary Sources
- Primary Interviews:
- Average primary breakdown ratio
- Executive Summary
- Business Trends
- Regional Trends
- Type Trends
- End-Use Trends
- Distribution Channel Trends
- Market Dynamics
- Drivers
- Drivers
- Restraints
- Opportunity
- Impact forces on market dynamics
- Impact forces during the forecast years
- Industry Value Chain
- Upstream analysis
- Downstream analysis
- Distribution Channel
- Direct Channel
- Indirect Channel
- Potential Customers
- Manufacturing/Operational Cost Analysis
- Pricing Analysis by Region
- Key Technology Landscape
- Regulatory Analysis
- Porter’s Analysis
- Supplier Power
- Buyer Power
- Substitution Threat
- Threat from New Entry
- Competitive Rivalry
- PESTEL Analysis
- Political Factors
- Economic Factor
- Social Factors
- Technological Factor
- Environmental Factors
- Legal Factor
- Covid-19 impact on the Global economy
- Covid-19 impact on Router demand
- Post-Covid Impact on Router Market Demand
- Impact Analysis of the Russia-Ukraine War
- Drivers
- Global Router Market Analysis Forecast by Type
- Global Router Segment by Type
- Global Market Revenue Share (%), by Type, 2021
- Global Market Volume (Units), by Type, 2016 – 2028
- Global Market Revenue (USD Million), by Type, 2016 – 2028
- Global Router Market Volume (Units) & Revenue (USD Million), by Type, 2016 – 2028
- Wired
- Wireless
- Single
- Dual
- Tri
- Global Router Segment by Type
- Global Router Market Analysis Forecast by End-Use
- Global Router Segment by End-Use
- Global Revenue Share (%), by End-Use, 2021
- Global Market Volume (Units), by End-Use, 2016 – 2028
- Global Market Revenue (USD Million), by End-Use, 2016 – 2028
- Global Router Market Volume (Units) & Revenue (USD Million), by End-Use, 2016 – 2028
- BFSI
- IT and Telecom
- Education
- Healthcare
- Others
- Global Router Segment by End-Use
- Router by Regions
- Global Router Market Overview, By Region
- Global Market Revenue, By region
- Global Router Market Volume (Units) & Revenue (USD Million), 2016-2028
- Global Market Revenue Share (%) by region, 2021
- North America
- North America Market Volume (Units) & Revenue (USD Million), 2016-2028
- Asia Pacific
- APAC Market Volume (Units) & Revenue (USD Million), 2016-2028
- Europe
- Europe Market Volume (Units) & Revenue (USD Million), 2016-2028
- Latin America
- Latin America Market Volume (Units) & Revenue (USD Million), 2016-2028
- Middle East & Africa
- Middle East & Africa Router Market Volume (Units) & Revenue (USD Million), 2016-2028
- Global Router Market Overview, By Region
- North America
- North America Router Market Size by Countries
- North America Market Volume (Units) by Countries (2016-2021)
- North America Market Revenue (USD Million) by Countries (2016-2021)
- North America Market Volume (Units), by Type, 2016 – 2028
- North America Market Revenue (USD Million), by Type, 2016 – 2028
- North America Market Volume (Units), by End-Use, 2016 – 2028
- North America Market Revenue (USD Million), by End-Use, 2016 – 2028
- United States
- S. Router Volume (Units), by Type, 2016-2028
- S. Router Revenue (USD Million), by Type, 2016 – 2028
- S. Router Volume (Units), by End-Use, 2016 – 2028
- S. Router Revenue (USD Million), by End-Use, 2016 – 2028
- Canada
- Mexico
- North America Router Market Size by Countries
-
- Europe
- Europe Router Market Size by Countries
- Europe Market Size, by Type, 2016 – 2028
- Europe Market Size, by End-Use, 2016 – 2028
- Germany
- France
- UK
- Spain
- Russia
- Italy
- BENELUX
- Europe Router Market Size by Countries
- Europe
- Asia Pacific
- Asia Pacific Router Market Size by Countries
- Asia Pacific Market Size, by Type, 2016 – 2028
- Asia Pacific Market Size, by End-Use, 2016 – 2028
- China
- Japan
- Australia
- South Korea
- India
- ASEAN
- Asia Pacific Router Market Size by Countries
- Latin America
- Latin America Router Market Size by Countries
- Latin America Market Size, by Type, 2016 – 2028
- Latin America Market Size, by End-Use, 2016 – 2028
- Brazil
- Argentina
- Chile
- Latin America Router Market Size by Countries
- Middle East and Africa
- Middle East and Africa Router Market Size by Countries
- Middle East and Africa Market Size, by Type, 2016 – 2028
- Middle East and Africa Market Size, by End-Use, 2016 – 2028
- GCC
- Turkey
- South Africa
- Middle East and Africa Router Market Size by Countries
- Global Router Market by Players
- Global Router Market Revenue Share (%): Competitive Analysis, 2021
- Key entry strategies adopted by market players
- Global Market Revenue (USD Million), By Manufacturer 2021
- Global Market Revenue Share (%), By Manufacturer 2021
- Global Market Player Positioning, By Manufacturer 2021
- Global Router Market Revenue Share (%): Competitive Analysis, 2021
- Global Router Market: Recent Development
- Competitive Analysis
- ASUSTeK Computer Inc.
- Business Overview
- ASUSTeK Computer Inc. Business Financials (USD Billion)
- ASUSTeK Computer Inc. Router End-Use Category, Type, and Specification
- ASUSTeK Computer Inc. Main Business/Business Overview
- ASUSTeK Computer Inc. Geographical Analysis
- ASUSTeK Computer Inc. Recent Development
- ASUSTeK Computer Inc. Swot Analysis
- ASUSTeK Computer Inc.
- Belkin International Inc.
- Cisco Systems Inc.
- D-link Corporation
- Eero LLC.
- Huawei Technologies Co., Ltd.
- Netgear
- Synology Inc.
- TP-link Technologies CO. LTD
- ASUSTeK Computer Inc.
- Market Research Findings & Conclusion
Disclaimer
Research Methodology
The Market Research Community offers numerous solutions and its full addition in the research methods to be skilled at each step. We use wide-ranging resources to produce the best outcome for our customers. The achievement of a research development is completely reliant on the research methods implemented by the company. We always faithful to our clients to find opportunities by examining the global market and offering economic insights.Market Research Community are proud of our widespread coverage that encompasses the understanding of numerous major industry domains. Company offers consistency in our research report, we also offers on the part of the analysis of forecast across a range of coverage geographies and coverage. The research teams carry out primary and secondary research to carry out and design the data collection methods.