Market Analysis
Market Research Future (MRFR) estimates the global Wi-Fi range extender market size to reach approximately USD 3.4 Billion at 16% CAGR from 2020 to 2030 (forecast period).
Numerous Factors Contributing to Market Growth
A Wi-Fi range extender is a device that uses the signal from a wireless router point to expand the coverage area of a Wi-Fi network. These devices are installed between the access point and consumers who are not within range of the router base. Furthermore, in order to increase connectivity, this Wi-Fi device helps to extend the range of the base router by creating new networks by picking up signals from current networks.
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A significant reason driving the growth of the worldwide Wi-Fi range extender market is the increased use of smart devices around the world, as well as the increased use of innovative technologies. Aside from that, the development of the consumer electronics industry and its quick expansion is another important reason driving the global growth of the Wi-Fi range extender market. The development of smart cities increases the surge of the internet for open Wi-Fi systems from various healthcare, buyers, infrastructure management, and access to education, waste and water management, and safety and security, which ultimately boosts demand for the global Wi-Fi range extender market. Furthermore, the increased demand for open Wi-Fi systems to expand Wi-Fi switches will drive demand for the Wi-Fi range extender market.
Market Segmentation
The global Wi-Fi range extender market has been segmented into types and products.
By type, the global Wi-Fi range extender market has been segmented into Indoor Wi-Fi, Outdoor Wi-Fi, and Transportation Wi-Fi.
By product, the global Wi-Fi range extender market has been segmented into Wireless LAN, Wireless Hotspot Gateways, Access Points, Repeaters, and Relays.
Regional Analysis
North America to Dominate the Global Market
The North American area is expected to account for the biggest Wi-Fi range extender market share due to technological advancements and an increase in the use of smart devices in this region, while the Asia Pacific region is expected to develop quickly during the forecast period.
Key Players
Cisco Systems, Inc. (U.S.), Netgear, Inc. (U.S.), Alcatel-Lucent S.A. (France), Aruba Networks (U.S.), Ericsson (Sweden), Ruckus Wireless, Inc. (U.S.), Juniper Networks (U.S.), Motorola Solutions, Inc. (U.S.), TP-Link (China), D-Link Corporation (Taiwan) among others.
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Competitive Landscape
The Wi-Fi range extender market is very competitive, with several prominent firms operating on both an international and national scale. The worldwide Wi-Fi market is relatively concentrated, and the important strategies employed by the market's top key players include innovations, new product launches, and mergers and acquisitions.
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