The global Wi-Fi range extender market size was valued at $1,250.2 million in 2020, and is projected to reach $3357.8 million by 2030, registering a CAGR of 10.8% from 2021 to 2030.
Wi-Fi range extender is a device that extends the internet coverage of the area of the existing Wi-Fi router. There are different types of Wi-Fi range extender devices such as Wi-Fi extenders and repeaters or boosters. The Wi-Fi range extender receives the signal from the Wi-Fi router, amplifies it and then transmits the boosted signal. With the help of Wi-Fi range extender device, it is possible to double the coverage area of the Wi-Fi router. The device is majorly used in residential and commercial applications.
Technological advancements such as the use of internet connectivity have enabled the need for Wi-Fi range extender. This device is easy to set up and is available at a low cost. Moreover, the easy integration and low cost of the device have resulted in increase in the use of the Wi-Fi range extenders across the globe. This further drives the Wi-Fi range extender market growth.
Wi-Fi range extender is used to cover a larger area under internet coverage. Many a times, some part of the home or office is unable to catch the network of the existing Wi-Fi router signal. In such cases, the Wi-Fi range extender is helpful in offering the internet coverage to the desired location, thus fueling the growth of the Wi-Fi range extender market revenue.
The Wi-Fi range extender market share is segmented on the basis of product type, application, and region. By product type, the market is divided into Wi-Fi extender and repeaters. By application, it is bifurcated into residential and commercial. By region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA along with its prominent countries.
The key players profiled in the Wi-Fi range extender industry include NetGear Inc., TP-Link Technologies Co Ltd, D Link Corporation, TRENDnet, Linksys, Cisco Systems, Inc., Huawei Technologies Co Ltd., Shenzhen Tenda Technology Co Ltd, ASUSTek Computer Inc, and Lutron Electronics Company. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to enhance Wi-Fi range extender market forecast and penetration.
By Product Type
Repeater segment is projected as one of the most lucrative segments.
The ongoing spread of COVID-19 has become one of the biggest threats to the global economy and is causing widespread concerns and economic hardship for consumers, businesses, and communities across the globe. The “new normal” that includes social distancing and working from home has created challenges with daily activities, regular work, needs, and supplies, causing delayed initiatives and missed opportunities.
The COVID-19 pandemic is impacting the society and overall economy across the globe. The impact of this outbreak is growing day-by-day as well as affecting the supply chain. It is creating uncertainty in the stock market, reducing business confidence, hampering the supply chain, and increasing panic among customers. European countries under lockdown have suffered a major loss of business and revenue due to shutdown of manufacturing units in the region. Operations of production and manufacturing industries have been heavily impacted by the Wi-Fi range extender market in 2020.
Commercial Segment generated highest revenue in 2020
According to the Wi-Fi range extender market trends, the COVID-19 pandemic has severely impacted the global manufacturing and industrial sectors as production facilities have stalled, which, in turn, leads to significant demand in industries. The emergence of COVID-19 has lowered down the growth of the Wi-Fi range extender market in 2020, and is estimated to witness decent growth till the end of 2021. Implementation of partial or complete lockdown across various countries globally is the prime reason for the decrease in growth rate.
Top Impacting Factors
Notable factors positively affecting the growth of the Wi-Fi range extender market size include high internet penetration and increasing number of connected devices. Electronic devices such as televisions, computers, or smartphones are in high demand. In the todays digitalized world, all these electronic devices requires internet to perform official work or for any entertainment purpose. Hence the need to connect the internet from any point of the home or office further drives the growth of the Wi-Fi range extender market. However, with the use Wi-Fi range extender, there is a degradation in the signal. With the reduced signal, there is decrease in the internet speed. Such factor restricts the growth of the market. Furthermore, the development of the smart cities and smart homes are expected to offer lucrative opportunities for the growth of the Wi-Fi range extender market in the coming years.
Asia-Pacific region would exhibit the highest CAGR of 12.1% during 2021-2030
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.
Key Market Segments
- Wi-Fi Extender
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Latin America
- Middle East
Wi-Fi Range Extender Market Report Highlights
By PRODUCT TYPE
Key Market Players
D-LINK CORPORATION, NETGEAR, INC., LUTRON ELECTRONICS CO., INC., SHENZHEN TENDA TECHNOLOGY CO., LTD., ASUSTEK COMPUTER INC. (ASUS), TRENDNET INC., LINKSYS (BELKIN INTERNATIONAL (FIT), CISCO SYSTEMS, INC., TP-LINK TECHNOLOGY CO., LTD., HUAWEI TECHNOLOGIES CO., LTD. (HUAWEI)
The global Wi-Fi range extender market is witnessing decent growth, owing to high internet penetration and increase in number of connected devices.
Increase in number of connected devices boosts the growth of the market. The global Wi-Fi range extender market is competitive, owing to strong presence of existing vendors. Wi-Fi range extender vendors, who have access to extensive technical and financial resources, are anticipated to gain a competitive edge over their rivals as they have the capacity to cater to the market requirements. The competitive environment in this market is expected to further intensify with increase in technological innovations, product extensions, and different strategies adopted by key vendors.
Market players are striving to gain maximum opportunities from the developing Wi-Fi range extender market by planning their strategies meticulously. Strategic partnership, collaboration, and product launches are some of the prominent strategies adopted by key market players in the Wi-Fi range extender market. Adoption of Wi-Fi range extenders in residential and commercial applications further increases the growth of the Wi-Fi range extender market.
The Wi-Fi range extender market provides numerous growth opportunities to players such as include NetGear Inc., TP-Link Technologies Co Ltd., D Link Corporation, TRENDnet, Linksys, Cisco Systems, Inc., Huawei Technologies Co Ltd., Shenzhen Tenda Technology Co Ltd., ASUSTek Computer Inc., and Lutron Electronics Company.