Market Size of Residential Routers Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 12.39 Billion |
| Market Size (2029) | USD 19.12 Billion |
| CAGR (2024 - 2029) | 9.06 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Residential Router Market Analysis
The Residential Routers Market size is estimated at USD 12.39 billion in 2024, and is expected to reach USD 19.12 billion by 2029, growing at a CAGR of 9.06% during the forecast period (2024-2029).
- The integration of IoT devices into households is heavily reliant on robust internet connections and networks. A smart home can only function seamlessly if all automation devices are properly connected to the internet at the location where they are installed. This is where the router comes into play as it manages internet connectivity within the home. Thus, a router plays a crucial role in ensuring uninterrupted and smooth network functioning.
- In March 2022, Vodafone-Idea launched the Vi MiFi, a pocket-sized 4G router that enables users to connect up to 10 Wi-Fi-enabled devices. This router boasts a high battery capacity of 2700 mAh, which can last for up to 5 hours on a single charge. Additionally, in August 2022, Reliance Jio launched the Jio Wi-Fi Mesh router, which expands network coverage across homes, covering an area of up to 1000 sq ft across a single floor.
- The Covid-19 pandemic led to a significant increase in network traffic, with a 40% surge observed in the first few weeks. As the outbreak spread, traffic patterns shifted from business parks to residential areas, leading to a continued surge in content consumption, gaming, and OTT demand. This highlights the need for efficient home routers.
- It is worth noting that the distance between the router and the device can greatly impact Wi-Fi speed and connection strength. Therefore, it is essential that routers are designed to provide a strong and wide signal to reach all areas of the house. To withstand the competitive market, router manufacturers require constant innovation and technological advancements.
