At 10.8% CAGR, Wi-Fi Range Extender Market Size to Hit $3.35 Billion by 2030 | NetGear Inc., TP-Link Tech, D Link Corp
PORTLAND, OR, UNITED STATES, May 3, 2023 /EINPresswire.com/ — Drivers, restraints, and opportunities
High internet penetration, easy set up with low cost and surge in number of connected devices drive the growth of the global Wi-Fi range extender market. However, weak signal and low speed hamper the market growth. On the contrary, development of smart cities and smart homes is expected to open lucrative opportunities for the market growth.
Allied Market Research recently published a report, titled, “Wi-Fi Range Extender Market by Product Type (Wi-Fi Extender, and Repeater) and Application (Residential and Commercial): Global Opportunity Analysis and Industry Forecast, 2021-2030”. As per the report, the global Wi-Fi range extender industry was accounted for $1.25 billion in 2020, and is expected to reach $3.35 billion by 2030, growing at a CAGR of 10.8% from 2021 to 2030.
Download Sample PDF (190+ Pages PDF with Insights): https://www.alliedmarketresearch.com/request-sample/12025
The commercial segment dominated the market
By application, the commercial segment held the lion’s share in 2020, contributing to more than three-fifths of the global Wi-Fi range extender market, due to high adoption of Wi-Fi range extender in office premises, malls, shopping, and airports. However, the residential segment is estimated to manifest the highest CAGR of 11.4% from 2021 to 2030, due to high opportunities in smart home applications and surge in number of interconnected devices.
The Wi-Fi extender segment held the largest share
By product type, the Wi-Fi extender segment held the largest share in 2020, accounting for around two-thirds of the global Wi-Fi range extender market, due to its large number of applications in the commercial and residential sectors. However, the repeater segment is expected to register the highest CAGR of 11.4% during the forecast period, owing to low cost of the product.
North America held the largest share
By region, the market across North America dominated in 2020, holding more than one-third of the market, due to rise in number of the internet connected devices and high internet penetration in the region. However, the global Wi-Fi range extender market across Asia-Pacific is projected to portray the highest CAGR of 12.1% during the forecast period, owing to surge in number of internet users in the region.
Make Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/12025
Major market players
• NetGear Inc.
• D Link Corporation
• TP-Link Technologies Co Ltd
• Linksys
• TRENDnet
• Huawei Technologies Co Ltd.
• Cisco Systems, Inc.
• ASUSTek Computer Inc
• Shenzhen Tenda Technology Co Ltd
• Lutron Electronics Company.
Key Benefits For Stakeholders
• This study comprises analytical depiction of the global Wi-Fi range booster market size along with the current trends and future estimations to depict imminent investment pockets.
• The overall Wi-Fi range extender market analysis is determined to understand the profitable trends to gain a stronger foothold.
• The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
• The present Wi-Fi range extender market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
• Porter’s five forces analysis illustrates the potency of the buyers and the sensor market share of key vendors.
• The report includes the market trends and the market share of key vendors operating in the Wi-Fi range booster market.
Wi-Fi Range Extender Market Key Market Segments
By Type
• Wi-Fi Extender
• Repeater
By Application
• Residential
• Commercial
By Region
• North America
◦ U.S.
◦ Canada
◦ Mexico
• Europe
◦ UK
◦ Germany
◦ France
◦ Italy
◦ Rest of Europe
• Asia-Pacific
◦ China
◦ Japan
◦ India
◦ South Korea
◦ Rest of Asia-Pacific
• LAMEA
◦ Latin America
◦ Middle East
◦ Africa
Allied Market Research
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
