Residential Routers Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

Residential Routers Market is segmented by Connectivity Type (Wired, Wireless), Standard (802.11b/g/n, 802.11ac, 802.11ax), and Geography. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Residential Routers Industry Overview

residential routers market
Study Period: 2018 - 2028
Fastest Growing Market: Asia-Pacific
Largest Market: North America
CAGR: 8.4 %

Major Players


*Disclaimer: Major Players sorted in no particular order


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Residential Routers Market Analysis

The residential routers market is expected to register a CAGR of about 8.4% over the forecast period. Growth in IP traffic and the transition towards the cloud for data storage are factors driving the market's growth. The residential routers market is bound to increase along with the growing smart home market.

  • The rise in interest in online education is pushing the market. Students globally are increasingly embracing distance learning, especially those who find it challenging to attend classes for various reasons physically. Universities are developing, delivering, and managing courses online due to the growing popularity of distance learning.
  • A significant advancement in demand for smart home appliances, especially refrigerators, dishwashers, smart TV, voice assistants, and microwave ovens, has pushed the demand for residential routers—WiFi router improvements and technology advancements that enable internet connectivity to power the market for smart home gadgets.
  • Telecom carriers are concentrating on establishing strategic alliances with WiFi router makers to remain competitive as part of their expansion strategy. Players in the telecom industry who operate in developing nations like China and India are increasingly adopting this tactic. To provide bundled solutions that include WiFi routers, telecom operators in these nations are forming agreements with industry suppliers.
  • In contrast, security and privacy concerns inhibit the market's growth as most students are in online education and employees work from home due to the pandemic.
  • Due to the pandemic, all companies have shifted to remote working to prevent the virus from spreading. Remote working increased in the previous two years, creating a strong demand for internet connectivity at home that is both conveniently accessible and affordable.

Residential Routers Industry Segments

A residential router is a kind of networking device. It is a small consumer-grade router that provides network access between local area network (LAN) hosts and a wide area network (WAN) through a modem.

The scope of the study focuses on the global market analysis of residential router products, and market sizing encompasses the revenue generated through residential router products across the globe sold by various market players. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. The study further analyzes the overall impact of COVID-19 on the ecosystem. The scope of the report encompasses market sizing and forecast for segmentation by connectivity, standard, and geography. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Connectivity Type
North America
United States
United Kingdom
Rest of Europe
Rest of Asia-Pacific
Latin America
Middle East and Africa

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Residential Routers Market Trends

This section covers the major market trends shaping the Residential Routers Market according to our research experts:

Wireless Connectivity to Witness the Market Growth

  • The advancement of the ICT sector throughout time has revealed various new potentials for wireless routers, which were previously only utilized to the extent of their capabilities. This was primarily because businesses offering wireless router devices and services had been conservative in how they approached providing improved Wi-Fi. However, it is hoped that its hardware components will soon be able to support more ambitious goals.
  • Wireless routers are projected to experience a transition with the introduction of businesses like Plume, Starry, and Eero, together with well-known brands in the market, like Netgear and Google, through more excellent coverage, straightforward configuration, strict security, and appealing designs.
  • The main driving factor of wireless technology development is the constantly evolving standards created to advance router technology. Over the past ten years, wireless router technology has developed steadily, keeping up with advancements in IEE (Institute of Electrical and Electronics Engineers) standards. These standards are frequently upgraded to increase network throughput in terms of top speeds and transmission capacities.
  • Moreover, the firms are developing new products to meet various demands of the customer and capture a vast market share. For instance, in June 2022, nearly two years before the wireless standard's anticipated debut, Chinese network equipment manufacturer H3C unveiled what it claimed to be the first Wi-Fi 7 router. With a peak throughput of 18.443 Gbps, the H3C Magic BE18000 provides an early preview of the much faster throughput than Wi-Fi 6 or 6E hardware.
Residential Routers Market

North America Is Expected to Hold Significant Market Share

  • North American region has witnessed growth due to the growing adoption of cloud-based adoption across the area and the rising demand for digital technology across serval industries such as BSFI, education, and health care.
  • Demand for connected devices such as smartphones, smartwatches, and tablets has increased globally. Because most of these gadgets require an internet connection, the residential router market is expected to grow. Furthermore, in smart homes, every item will need an internet connection to function effectively.
  • According to Cisco Annual Internet Report, in the United States, IP traffic increased 3-fold from 2016 to 2021, a compound annual growth rate of 20%. In the United States, IP traffic reached 79.6 Exabytes per month last year, up from 31.4 Exabytes per month in 2016. The United States's IP networks carried 2.6 Exabytes per day in 2021, up from 1.0 Exabytes per day in 2016.
  • The rise in residential construction in the region will drive the residential router market. For instance, the following new residential building statistics for June 2022 were jointly released by the US Census Bureau and the US Department of Housing and Urban Development (Building Permits: 1,685,000, Housing Starts:1,559,000, Housing Completions:1,365,000).
Residential Routers Market

Residential Routers Market Competitor Analysis

The residential router market is highly fragmented due to the availability of many players in the market. Some key players in the market include D-Link Corporation, Netgear Inc., TP-Link Technologies Co. Ltd, TRENDnet Inc., and Linksys Group (Foxconn).

  • April 2022 - Netgear expanded its router portfolio by launching a new router, RAX10. It’s a dual-band 4-stream Wi-Fi6-enabled router, features 4X more capacity, offers 40% increased data throughputs, and is 100% backward compatible with older devices.

Residential Routers Market Top Players

  1. Netgear Inc.

  2. D-Link Corporation

  3. TP-Link Technologies Co. Ltd

  4. Linksys Group (Foxconn)

  5. TRENDnet Inc.

*Disclaimer: Major Players sorted in no particular order

residential routers market

Residential Routers Market Recent Developments

  • June 2022 - Inseego Corporation announced that consumers on the Three Sweden network could purchase the Inseego Wavemaker FX2000 5G indoor router. The United Kingdom, Austria, Denmark, Italy, Ireland, and Sweden all have networks that are a part of Three Group Europe. With WiFi 6 for up to 30 devices and gigabit speeds for quick and dependable internet access, the prestigious FX2000 fixed wireless access (FWA) router is the best choice for streaming, gaming, and remote work. Due to its compact, attractive form and straightforward setup blend seamlessly into any setting, from home offices to vacation cottages.
  • June 2022 - As part of its Mesh WiFi System range, technology company ASUS has created a tubular WiFi router with a "zen" aesthetic that is intended to quiet rooms. The router, known as ZenWiFi, was made to fit into interiors instead of needing to be concealed and tucked into cabinets and corners like traditional WiFi routers. ZenWiFi mesh system designs are subtle and seamlessly complement various interior decor styles, including contemporary, minimalist, and modern.

Residential Routers Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Threat of New Entrants

      2. 4.2.2 Bargaining Power of Buyers

      3. 4.2.3 Bargaining Power of Suppliers

      4. 4.2.4 Threat of Substitutes

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Impact of COVID-19 on the Market

    4. 4.4 Market Drivers

      1. 4.4.1 Increasing Demand of Connected Devices and Proliferating Smart Homes Market

      2. 4.4.2 Growth in IP Traffic

    5. 4.5 Market Challenges

      1. 4.5.1 Increasing Threat of Security Breaches


    1. 5.1 Connectivity Type

      1. 5.1.1 Wired

      2. 5.1.2 Wireless

    2. 5.2 Standard

      1. 5.2.1 802.11b/g/n

      2. 5.2.2 802.11ac

      3. 5.2.3 802.11ax

    3. 5.3 Geography

      1. 5.3.1 North America

        1. United States

        2. Canada

      2. 5.3.2 Europe

        1. United Kingdom

        2. Germany

        3. Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Rest of Asia-Pacific

      4. 5.3.4 Latin America

      5. 5.3.5 Middle East and Africa


    1. 6.1 Company Profiles*

      1. 6.1.1 Netgear Inc.

      2. 6.1.2 D-Link Corporation

      3. 6.1.3 TP-Link Technologies Co. Ltd

      4. 6.1.4 Linksys Group (Foxconn)

      5. 6.1.5 TRENDnet Inc.

      6. 6.1.6 Synology Inc.

      7. 6.1.7 AsusTek Computer Inc.

      8. 6.1.8 Google Inc.

      9. 6.1.9 Nokia Networks

      10. 6.1.10 Xiaomi Inc.



**Subject to Availability
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Residential Routers Market Research FAQs

The Residential Routers Market is studied from 2018 - 2028.

The Residential Routers Market is growing at a CAGR of 8.4% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2018 - 2028.

North America holds highest share in 2021.

Netgear Inc., D-Link Corporation, TP-Link Technologies Co. Ltd, Linksys Group (Foxconn), TRENDnet Inc. are the major companies operating in Residential Routers Market.

Residential Routers Industry Reports

In-depth industry statistics and market share insights of the Residential Routers sector for 2020, 2021, and 2022. The Residential Routers research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Residential Routers report PDF.

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