Router Market will register a 16.9% CAGR in terms of revenue 2019-2024 Leading vendor/manufacturers- TP-LINK, D-Link, Tenda, NETGEAR, ASUS, Huawei, Qihoo 360, Gee, Xiaomi, and More

Synopsis Overview: Router Market

A Wifi/wireless router is a device that performs the functions of a router and also includes the functions of a wireless access point. It is used to provide access to the Internet or a private computer network. It can function in a wired LAN (local area network), in a wireless-only LAN (WLAN), or in a mixed wired/wireless network, depending on the manufacturer and model. Consumer wireless routers vary in the WiFi range they support.

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China's home Wi-Fi router business is expanding fast in the past few years, with about 18.15% Compound Annual Growth Rate between 2012 and 2016. The market will keep expanding with more and more downstream users and the upgrading of products.

Some of the Key players: TP-LINK, D-Link, Tenda, NETGEAR, ASUS, Huawei, Qihoo 360, Gee, Xiaomi, and More

Nowadays, 300Mbps and 450Mbps are the hottest models in China's home Wi-Fi router market, while higher speed and smart home Wi-Fi routers are seeing to occupy important positions in forecast period, one of the key influencing factors is the prevalence of online games.

Key players in China home Wi-Fi router production market are TP-LINK, D-Link, Tenda, NETGEAR, ASUS, Huawei and a few others. New entrants like Qihoo 360, Gee (HiWiFi) and Xiaomi are growing fast and taking more and more market share in these years. However, among all thse, with over 30% market share, TP-Link will hold the No.1 market place in forecast period.

According to this study, over the next five years the Router market will register a 16.9% CAGR in terms of revenue, the global market size will reach US$ 2070 million by 2024, from US$ 810 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Router business.

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