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The WI-FI extender market share is expected to increase by USD 973.9 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 9.36%.
This WI-FI extender market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers WI-FI extender market segmentation by product (single band extenders and dual band extenders), end-user (enterprises and consumers), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The WI-FI extender market report also offers information on several market vendors, including Amped Wireless, ASUSTeK Computer Inc., Belkin International Inc., BT Group Plc, Cisco Systems Inc., D Link Corp, Hawking Technologies Inc., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., Motorola Mobility LLC, NETGEAR Inc., Nextivity Inc., Shenzhen Chuanluan Technology Co. Ltd., Shenzhen Tenda Technology Co. Ltd., Shure Inc., Spark NZ, TP Link Corp. Ltd., TRENDnet Inc., Xiaomi Inc, and Zyxel Communications Corp. among others.
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The increase in the development of smart cities is notably driving the WI-FI extender market growth, although factors such as latency issues may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the WI-FI extender industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key WI-FI Extender Market Driver
One of the key factors driving growth in the WI-FI extender market is the increase in the development of smart cities. Government organizations worldwide are investing billions of dollars in developing smart cities or connected cities. They require public WI-FI networks to provide various services to consumers, such as safety and security, access to education, waste and water management, traffic management, infrastructure management, and healthcare. Public WI-FI networks enable citizens to access the internet with the help of their smartphones and tablets. It also provides location-based services (LBS) to city planners to gain insight into how smart city functions and how their citizens live. This helps them provide better services to people living in smart cities. This will create a mass demand for WI-FI routers to be installed in public places. The demand for WI-FI routers, in turn, will create a demand for WI-FI-extenders for wider area coverage and to boost the speed of the internet.
Key WI-FI Extender Market Trend
The rise in adoption of 3G and 4G WI-FI routers is a WI-FI extender market trend that is expected to have a positive impact in the coming years. Wireless technology is advancing exponentially. By the time end-users worldwide started consuming 2G wireless technology, 3G was introduced in the market. Wireless technology is evolving in tandem with the development of advanced smartphones. End-users in many countries are using the 3G technology, while developed countries are already using the 4G LTE wireless technology. Telecommunication product-based vendors are working alongside service providers in developing portable devices that support 4G LTE advanced wireless technology, such as WI-FI extenders and mobile hotspot routers. WI-FI extender vendors are also constantly equipping their devices with 4G LTE. Therefore, individuals and business consumers adopt LTE-enabled WI-FI extenders to gain faster access to the internet.
Key WI-FI Extender Market Challenge
The latency issues will be a major challenge for the WI-FI extender market during the forecast period. The internet is the backbone of the IoT devices market as these devices require reliable, high-speed internet connectivity to function effectively. Many countries such as the US, the UK, and Japan have an advanced internet infrastructure. However, other countries lack the basic infrastructure for internet connectivity. This challenge has the highest impact on the consumer segment. This is because individual consumers cannot have access to high-speed internet everywhere. Low internet speeds and latency (time taken by the data packet to travel between devices in a network) are affecting the adoption of routers and APs among consumers.
This WI-FI extender market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global WI-FI extender market as a part of the global communications equipment market within the overall global information technology sector. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the WI-FI extender market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the WI-FI extender market encompasses successful business strategies deployed by the key vendors. The WI-FI extender market is fragmented and the vendors are deploying growth strategies such as focusing on integrating a variety of technologies to attract customers to compete in the market.
asus.com - The company offers a WI-FI extender that helps in expanding the current AiMesh network to deliver smooth Wi-Fi and robust functions on AiMesh routers in the entire home, office, and other places.
asus.com - Under the unified segment, the company offers products such as phones, laptops, and 2 in 1 PCs, motherboards, and graphic cards.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The WI-FI extender market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the WI-FI extender market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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