Wi-Fi Booster Market will exhibit a CAGR of 15% in the forecast period of 2030 and is expected to reach USD 3.8 Billion by 2030.
The Wi-Fi booster market is expected to surpass the market value of over USD 3.8 Billion by the year 2030 while registering a CAGR of 15% during the forecast period. The Wi-Fi range extenders and boosters were utilized in residential, commercial, and industrial sectors to extend the availability of the Wi-Fi signal. The internet facility has become mandatory and the emergence of social media and job opportunities relied on the internet and other factors have fuelled the overall growth of the Wi-Fi Booster Market in recent years. The changing preferences of the potential users, such as increasing adaptation of the consumer electronics, devices, wireless communication facilities, and other factors combined with the benefits such as easy installation, higher efficiency, and lower operating costs are augmenting the Wi-Fi booster market growth.
On the other hand, the countries are upgrading their housing sectors and bringing in connected housing plans. Such factors are expected to increase the Wi-Fi booster market value in the upcoming years.
COVID 19 Analysis:
COVID 19 has created several disruptions for several industrial and manufacturing verticals. The electronic industry and semiconductor industries across the globe including China were affected severely due to the prolonged lockdown. Such factors have reduced the manufacturing of these Wi-Fi boosters. On the other hand, the smart homes, smart hospitals, work-from-home facilities, and the entertainment options that are availed from home with internet facilities are some of the major factors that were supporting the market.
After the relaxation of the norms related to movement, the industries are expected to invest in advanced technologies to gain back the pace of production rate, such factors are expected to boost the overall growth of the market during the forecast period.
The increasing demand for internet access and the increasing facilities availed from the internet and the increasing adaptation of smart devices across the globe are considered as the major drivers of Wi-Fi booster market growth. Especially in the residential sector, the work-from-home trends and the other entertainment options obtained from the internet have propelled the overall growth of the Wi-Fi Booster Market in recent years. Moreover, several developing countries are investing in upgrading the infrastructure; they are building smart cities which are relied on the internet for amenities. These factors are driving the Wi-Fi booster market growth.
The potential benefits such as cost benefits, easy installation, and enhanced performance are some of the major drivers of Wi-Fi booster market growth. Similarly, the changing infrastructure development in developed countries, such as connected homes is becoming the trend. This factor is also considered as the major driver of Wi-Fi booster industry growth.
The growth in the IT companies and the advancement in communication technologies; combined with the work from home facilities with reliable internet connection are some of the factors that are expected to boost the overall growth of the market during the forecast period.
The changing preference of the potential users over wired devices, the convenience and the easy installation and growth in the telecom subscription bases across the globe, and other favorable conditions such as Bring Your device trend in the commercial sector, including restaurants, retail, and other sectors are expected to boost the overall growth of Wi-Fi Booster industry during the forecast period.
There is not enough compliance with the regulations concerned with the Wi-Fi booster in several countries. The lack of consistency is expected to restrict the overall growth of the market.
The adoption of a Wi-Fi booster in a community might interrupt the services of the neighbor. By extending the reach of the user’s Wi-Fi limit, they might interfere with the others’ signals and cause a disturbance. This factor is considered as the restraint for market growth.
Security and the privacy concerns related to the usage of Wi-Fi boosters, especially on using them for commercial purposes, sharing the crucial data are expected to restrict the overall growth of the Wi-Fi Booster Industry.
The advancing technologies and the alternatives for the Wi-Fi boosters in the industry, such as the invention by Amazon in the year 2019, which is named as the mesh-based wireless connectivity has eliminated the need for the Wi-Fi boosters, as they are capable of catering to wider area efficiently. Such advancements are considered the major challenge for the Wi-Fi booster market growth.
The increasing adoption of smart devices in the household in developed countries like North America is considered the major driver of Wi-Fi booster market growth. The soaring demand for wireless devices and smart devices accompanied by the penetration of the internet has propelled the overall growth of the Wi-Fi Booster Market across the globe.
Cloud-based technologies are taking over the world in every sector, as the cloud-based Wi-Fi analytical systems possess varied advantages in terms of performance as well. Cloud-based technologies are expected to fuel the Wi-Fi booster market growth during the forecast period. Some of the benefits of Cloud deployment are quick deployment, reduced installation and operation costs, 24*7 access, scalability, protection protocols, and much more. Such benefits and work-from-home trends across the globe have augmented the usage of Cloud technologies. Such factors are expected to present lucrative opportunities for market growth in the future.
The market value of the Wi-Fi Booster Market is highly fluctuating due to the threats of new entrants into the market and the changes in the attitude of the potential consumers. For instance, the bargaining power of the consumers has increased as the economic condition in several countries has changed the trading practices. On the other hand, the bargaining power of the suppliers and the supply chain disruption with the manufacturers and the distributors, and the other unfavorable conditions are considered as the major restraints of market growth.
On the positive side, the increasing proliferation of smart cities and the increasing adaptation of smart home appliances across the globe are also impacting the overall growth of the Wi-Fi Booster Market. Smart devices and products are gaining momentum due to marketing technologies and strategies. The affordable internet facility and the upgraded housing sector including the developing countries are also presenting lucrative opportunities for the overall growth of the Market.
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Currently, North America is expected to hold the highest market share in the Wi-Fi Booster Market, as the region is considered the pioneer in Wi-Fi extenders and continues to hold the highest demand for internet users among other parts of the world. Additionally, the majority of the Wi-Fi range extenders companies come from the United States. The increasing number of smartphone users and the work-from-home trend in North America are two of the major reasons for the growth of the Wi-Fi Booster Market across the region.
On the other hand, the technological advancements and the growing adoption of consumer electronics across European regions are increasing the adoption of Wi-Fi boosters and presenting the region as the second market holder among other potential regions. Similarly, countries such as China, Japan, India, Indonesia are also growing in Wi-Fi booster market value due to the increasing number of manufacturing facilities across the region.
In the year 2019, one of the leading market players, Netgear had launched a Wi-Fi router that is specialized in cut lag and gameplay. This Wi-Fi router has significantly increased the speed, performance, and control and they have enhanced the gameplay as well.
In the year 2021, one of the leading market players, Tesla has brought in Smart Wi-Fi booster Gen 3 which is designed for the work from home employees. The booster incorporated Wi-Fi 6 technology and has been built completely with recycled plastics. This factor has increased the value of the product across European countries and other countries that has regulation regarding plastic consumption.
This report has covered:
|Market Size||USD 3.8 Billion|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Services, Solution|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Netgear, Inc. (U.S.), Ruckus Wireless, Inc. (U.S.), Juniper Networks (U.S.), Motorola Solutions, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Alcatel-Lucent S.A. (France), Aruba Networks (U.S.), Ericsson (Sweden), D-Link Corporation (Taiwan) and TP-Link (China)|
|Key Market Opportunities||The Wi-Fi booster is not only boosting the current network but also maximize the coverage, and upgrading an existing network, which is propelling the demand of Wi-fi booster market.|
|Key Market Drivers||
Wi-Fi booster market drivers that are identified by MRFR are growing number of smart devices ownership, surge in need for advanced wireless technology, and high internet usage.
Lack of network security and interference object dampening signal can retard the Wi-Fi booster market expansion.
The solutions offered by Wi-Fi booster are indoor and outdoor. The high traction for outdoor Wi-Fi booster solutions is expected to generate a revenue above USD 3.8 Billion by 2030.
Netgear, Inc. (U.S.), Juniper Networks (U.S.), Ruckus Wireless, Inc. (U.S.), and Motorola Solutions, Inc. (U.S.) are some renowned developers of Wi-Fi booster solution.
The North America region is likely to experience rapid expansion of the Wi-Fi booster market due to increase in the adoption of Wi-Fi boosters by the numerous IT companies that are present in the region.
The increase in sales consumer electronics and the rapid expansion of the telecommunication sector are expected to cause the global Wi-Fi booster market expand at 15% CAGR and value at USD 3.8 Billion by 2030.