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Wi-Fi Range Extender Market - Forecast(2024 - 2030)
Wi-Fi Range Extender Market Overview:
Wi-Fi Range Extender Market size is estimated to reach $4.3 billion by 2030, growing at a CAGR of 8.4% during the forecast period 2023-2030. Increasing demand for high-speed internet connectivity, seamless connectivity, and technological advancements lead to the growing trend of smart homes and home automation systems and the surge in remote work and online education due to the COVID-19 pandemic propelling the Wi-Fi Range Extender Market growth.
With the growing adoption of smart devices and IoT, people increasingly rely on high-speed internet connectivity for daily activities. However, WiFi networks are limited in terms of range and may only be able to provide reliable connectivity in some areas of a home or office. This is where WiFi Range Extenders come in, as they help to extend the range of existing WiFi networks, allowing users to access high-speed internet connectivity from any corner of their homes or offices. Moreover, as the demand for high-speed internet connectivity continues to grow, the need for WiFi Range Extenders will likely increase. This is especially true as more people work and learn from home due to the COVID-19 pandemic.
Market Snapshot:
Wi-Fi Range Extender Market - Report Coverage:
The “Wi-Fi Range Extender Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Wi-Fi Range Extender Market.
COVID-19 / Ukraine Crisis - Impact Analysis:
• With more people working and learning from home, there has been a surge in demand for reliable and high-speed internet connectivity, which has increased the demand for WiFi Range Extenders. The need for smart home devices has increased, requiring a robust and reliable internet connection. WiFi Range Extenders ensure users can access high-speed connectivity throughout their homes. As a result, the demand for WiFi Range Extenders has increased significantly during the pandemic. However, the pandemic has also negatively impacted the WiFi Range Extender market. Supply chain disruptions, manufacturing delays, and shipping issues have led to product shortages and delays in product delivery. The pandemic has also resulted in declining consumer spending as people face economic uncertainty and financial hardship.
• The Ukraine-Russia conflict impacted the WiFi Range Extender market in various ways. The disruption in the global supply chain due to the conflict could lead to shortages of WiFi Range Extenders, resulting in higher prices. On the other hand, the conflict could also lead to increased demand for WiFi Range Extenders in certain areas where people are displaced and living in temporary housing. However, the overall impact on the market will depend on the duration and severity of the conflict and its effect on the global economy.
Key Takeaways:
∙ Fastest Growth of Asia Pacific Region
Geographically, in the global WiFi Range Extender market share, Asia Pacific is analyzed to grow with the highest CAGR of 9.3% during the forecast period 2023-2030. The region has a vast population and increasing urbanization and digitization, resulting in a surge in demand for high-speed internet connectivity. The region is home to several emerging economies, such as China and India, investing heavily in digital infrastructure, and expanding 4G and 5G networks, further driving the demand for WiFi Range Extenders.
∙ Residential Sector to Register the Fastest Growth
In the WiFi Range Extender Market analysis, the residential segment is estimated to grow with the highest CAGR of 9.1% during the forecast period. The COVID-19 pandemic has increased the demand for high-speed internet connectivity, increasing demand for WiFi Range Extenders as more people work and study from home. The growing trend of smart homes and home automation systems requiring reliable internet connection is also driving the demand for WiFi Range Extenders. Additionally, the increasing urbanization and rising disposable income of the middle class in developing countries are expected to result in a rise in the adoption of smart devices and home automation systems, further driving the demand for WiFi Range Extenders in the residential sector.
∙ Dominance of Single Band WiFi Extenders
The single-band WiFi extender segment had a market valuation of 1.4 billion in 2022. These single-band WiFi extenders were more prevalent in the market due to their lower cost and widespread compatibility with devices that only supported the 2.4 GHz frequency band. In addition, a particular set of users does not require the high-speed and bandwidth capabilities provided by dual-band or tri-band WiFi extenders, making single-band extenders a practical and cost-effective solution for their needs.
∙ Rising Digitization and Smart Device Adoption Driving Growth of WiFi Range Extender Market
As more households and businesses become digitized, the demand for a reliable and robust internet connection increases, which is where WiFi Range Extenders come into play. With the proliferation of smart devices, such as smartphones, laptops, tablets, and smart home devices, a fast and stable internet connection is paramount. In addition, the increasing popularity of online streaming services, such as Netflix and Amazon Prime, has also contributed to the growth of the WiFi Range Extender market. These services require a fast and stable internet connection to deliver a seamless streaming experience, which can be achieved through WiFi Range Extenders.
∙ Growing Cybersecurity Concerns
Growing cybersecurity concerns have become a key trend in the WiFi Range Extender market. With the increasing number of internet-connected devices in households and businesses, the risk of cyber-attacks has also increased. Cybersecurity breaches can result in the loss of personal data, financial information, and even physical harm, making it a critical concern for individuals and organizations. WiFi Range Extender manufacturers are addressing these concerns by integrating cybersecurity measures into their products. These measures include using encryption technologies, firewalls, and user authentication protocols to ensure the security and privacy of users data.
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Wi-Fi Range Extender Market. The top 10 companies in this industry are listed below:
- Cisco Systems, Inc.
- Alcatel-Lucent S.A.
- Hewlett Packard Enterprise (Aruba Networks)
- Netgear Inc.
- D-Link Corporation
- Linksys Group Inc.
- TRENDnet, Inc.
- Ericsson
- Ruckus Networks
- Juniper Networks, Inc.
Scope of the Report:
1. Wi-Fi Range Extender Market - Overview
1.1. Definitions and Scope
2. Wi-Fi Range Extender Market - Executive Summary
3. Wi-Fi Range Extender Market - Comparative Analysis
3.1. Company Benchmarking - Key Companies
3.2. Global Financial Analysis - Key Companies
3.3. Market Share Analysis - Key Companies
3.4. Patent Analysis
3.5. Pricing Analysis
4. Wi-Fi Range Extender Market - Start-up Companies Scenario
4.1. Key Start-up Company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Venture Capital and Funding Scenario
5. Wi-Fi Range Extender Market – Market Entry Scenario Premium
5.1.Regulatory Framework Overview
5.2.New Business and Ease of Doing Business Index
5.3.Case Studies of Successful Ventures
6. Wi-Fi Range Extender Market - Forces
6.1. Market Drivers
6.2. Market Constraints
6.3. Market Challenges
6.4. Porter's Five Force Model
6.4.1. Bargaining Power of Suppliers
6.4.2. Bargaining Powers of Customers
6.4.3. Threat of New Entrants
6.4.4. Rivalry Among Existing Players
6.4.5. Threat of Substitutes
7. Wi-Fi Range Extender Market – Strategic Analysis
7.1. Value Chain Analysis
7.2. Opportunities Analysis
7.3. Market Life Cycle
8. Wi-Fi Range Extender Market – By Band Type (Market Share – $Million/$Billion)
8.1. Single Band
8.2. Dual Band
8.3. Tri Band
9. Wi-Fi Range Extender Market – By Coverage Area (Market Share – $Million/$Billion)
9.1. Upto 1,000 Square Feet
9.2. 1,000 to 5,000 Square Feet
9.3. Over 5,000 Square Feet
10. Wi-Fi Range Extender Market – By Standard ( Market Share – $Million/$Billion)
10.1. WiFi 4 (802.11n)
10.2. WiFi 5 (802.11ac)
10.3. WiFi 6 (802.11ax)
10.4. Others
11. Wi-Fi Range Extender Market – By Application (Market Share – $Million/$Billion)
11.1. Indoor WiFi
11.2. Outdoor WiFi
11.3. Transportation WiFi
12. Wi-Fi Range Extender Market – By End Use (Market Share – $Million/$Billion)
12.1. Residential
12.2. Commercial
12.3. Public
12.4. Industrial
13. Wi-Fi Range Extender Market – by Geography (Market Share – $Million/$Billion)
13.1. North America
13.1.1. The U.S.
13.1.2. Canada
13.1.3. Mexico
13.2. Europe
13.2.1. UK
13.2.2. Germany
13.2.3. France
13.2.4. Italy
13.2.5. Spain
13.2.6. Russia
13.2.7. Rest of Europe
13.3. Asia-Pacific
13.3.1. China
13.3.2. India
13.3.3. Japan
13.3.4. South Korea
13.3.5. Australia & New Zealand
13.3.6. Rest of Asia-Pacific
13.4. South America
13.4.1. Brazil
13.4.2. Argentina
13.4.3. Chile
13.4.4. Colombia
13.4.5. Rest of South America
13.5. Rest of the World
13.5.1. Middle East
13.5.2. Africa
14. Wi-Fi Range Extender Market – Entropy
14.1. New product launches
14.2. M&A's, collaborations, JVs and partnerships
15. Wi-Fi Range Extender Market – Industry/Segment Competition Landscape
15.1. Market Share Analysis
15.1.1. Market Share by Product Type – Key Companies
15.1.2. Market Share by Region – Key Companies
15.1.3. Market Share by Country – Key Companies
15.2. Competition Matrix
15.3. Best Practices for Companies
16. Wi-Fi Range Extender Market – Key Company List by Country Premium
17. Wi-Fi Range Extender Market - Company Analysis
17.1. Cisco Systems, Inc.
17.2. Hewlett Packard Enterprise (Aruba Networks)
17.3. Netgear Inc.
17.4. D-Link Corporation
17.5. Linksys Group Inc.
17.6. TRENDnet, Inc.
17.7. Telefonaktiebolaget LM Ericsson
17.8. TP-Link Technologies Co Ltd.
17.9. Juniper Networks, Inc.
17.10. Shenzhen Tenda Technology Co. ltd.
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Wi-Fi Range Extender Market is projected to grow at 8.4% CAGR during the forecast period 2023-2030.
Wi-Fi Range Extender Market size is estimated to be $2.4 billion in 2023 and is projected to reach $4.3 billion by 2030
Top Companies Cisco Systems, Inc., Alcatel-Lucent S.A., Hewlett Packard Enterprise (Aruba Networks), Netgear Inc., D-Link Corporation, Linksys Group Inc., TRENDnet, Inc., Ericsson, Ruckus Networks, Juniper Networks, Inc.
Integration with IoT devices, advancements in Wi-Fi technology, and growing demand for cloud-managed Wi-Fi range extenders are some of the major Wi-Fi range extender market trends in the industry that will create growth opportunities for the market during the forecast period.
Increasing demand for high-speed internet connectivity, a surge in remote work and online education, and technological advancements in Wi-Fi range extenders are the driving factors in the market.