Year | Value |
---|---|
2023 | USD 3.4 Billion |
2030 | USD 3.4 Billion |
CAGR (2021-2030) | 12.0 % |
Note – Market size depicts the revenue generated over the financial year
The current size of the Wi-Fi extender market is estimated to be $ 3.4 billion in 2023, and is expected to stay at this size until at least 2030. This stability in market size, despite a forecast CAGR of 12.0% from 2021 to 2030, is due to a dynamic environment where innovations and changing consumer needs are met. This growth trend is a result of a strong demand for extending wireless coverage, driven by an increasing number of smart devices and the demand for seamless Internet access in both residential and commercial settings. The growth of the Internet of Things (IoT), the increase in the remote workforce, and the growing need for high-speed Internet access for gaming and streaming are the main drivers for this market. Also contributing to the market's expansion is the development of mesh systems and the improvement of Wi-Fi standards. The key players in this industry, such as TP-Link, Netgear and Linksys, are engaged in strategic initiatives, such as launching new products and forming strategic alliances, to improve their offerings and capture a larger market share. Recent innovations have focused on the integration of artificial intelligence (AI) for better network management, which is in line with the growing demand for smart home solutions.
Regional Market Size
Wi-Fi Range Extenders Market is expected to grow at a significant CAGR in the coming years, as the increasing demand for uninterrupted Internet connections in both residential and commercial settings. In North America, the proliferation of smart home devices and the growth of remote work have increased the need for reliable wireless coverage. In Europe, the development of IoT is driving the demand for Wi-Fi extenders. In the Asia-Pacific region, rapid urbanization and the rise of the middle class are driving the investment in network infrastructure. In the Middle East and Africa, telecommunications have developed, which has increased the availability of the Internet, and in Latin America, the government is actively investing in digital infrastructure. Each region has its own characteristics, opportunities and challenges, which will have a significant impact on the market.
“Approximately 30% of households in the U.S. report using Wi-Fi range extenders to improve their internet coverage, highlighting the widespread reliance on these devices for connectivity.” — Pew Research Center
The function of a Wi-Fi repeater is to improve the wireless coverage, especially in a difficult layout or in the presence of interference. The market for repeaters is growing at present, because of the ever-increasing demand for uninterrupted wireless coverage in homes and offices. The spread of smart devices and the growth of remote work are two of the most important reasons for this demand. Also, the development of Wi-Fi technology, such as Wi-Fi 6, increases the demand for repeaters that can support more devices and higher speeds. Today, the Wi-Fi repeater market is mature, and there are several well-known companies that have a wide range of products that meet different customer needs. In residential areas, repeaters are used to extend the coverage of a wireless network, and in offices and public places such as libraries and cafés, they are used to improve the wireless network. The macro-economic trends such as digitalization and the importance of the Internet of Things are accelerating growth in this segment. Moreover, new technologies such as mesh networking and advanced signal processing are influencing the evolution of repeaters, enabling more efficient and user-friendly solutions.
The wireless extender market is projected to grow at a CAGR of 12.0% from 2023 to 2025. This growth will be driven by the increasing demand for high-speed internet in both residential and commercial spaces. As more devices connect to the Internet of Things (IoT), the need for a reliable and extended Wi-Fi coverage will increase. By 2030, the penetration rate of Wi-Fi range extenders in households is expected to reach 35%. The increasing reliance on high-speed internet for work, education, and entertainment will be the main driver for this growth. The introduction of Wi-Fi 6 and the expected release of Wi-Fi 7 will also boost the performance and usability of wireless extenders. As smart home devices are rolled out, the need for a reliable network will also increase. Policy drivers, such as government initiatives to increase the penetration of broadband in underserved areas, will also drive the market. The wireless extender market is a growing and evolving market. The future of the market is bright.
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