Wi-Fi Range Extender Market Size Worth $4.3 Billion By 2030: IndustryARC

 Wi-Fi Range Extender Market size is predicted to reach $4.3 Billion by 2030, growing at a CAGR of 8.4% during the forecast period 2023-2030 according to the latest market research report published by IndustryARC. High internet penetration, an increasing number of connected devices, and rapid expansion and development of the consumer electronics, safety, and [“defense”] industries create new opportunities to propel market growth, finds IndustryARC in its recent report, titled “Wi-Fi Range Extender Market Size, Share & Trends Analysis Report By Band Type (Single Band, Dual Band, Tri Band), By Coverage Area (Upto 1,000 Square Feet, 1,000 to 5,000 Square Feet, Over 5,000 Square Feet), By Standard [WiFi 4 (802.11n), WiFi 5 (802.11ac), WiFi 6 (802.11ax), Others], By Application (Indoor WiFi, Outdoor WiFi, Transportation WiFi), By End Use (Residential, Commercial, Public, Industrial), By Region and Segment Forecasts, 2023–2030”

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Asia Pacific to Register Highest Growth:

The Wi-Fi Range Extender industry in this region is expanding because the region is home to some of the world’s most populous countries, such as China and India, which have seen rapid digitization and the adoption of smart devices. With more people using smart devices, the demand for high-speed internet connectivity has increased, leading to a surge in demand for Wi-Fi Range Extenders. The Asia Pacific region is witnessing significant economic growth, with the rise of e-commerce and the development towards smart cities. This growth has increased demand for Wi-Fi Range Extenders to ensure seamless internet connectivity for businesses and households.

 Wi-Fi Range Extender Market 2023-2030: Scope of the Report

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Wi-Fi Range Extender Market Report – Key Takeaways:

• Commercial Segment Dominates the Market

The commercial segment had 43.1% of the market share in 2022. With the rise of e-commerce and online services, commercial establishments such as offices, hospitals, schools, and hotels require a reliable Internet connection. Wi-Fi Range Extenders are essential for seamless and fast connectivity, especially in more significant buildings. The COVID-19 pandemic has also accelerated the demand for Wi-Fi Range Extenders, as remote work and online education have become the norm. As a result, the Commercial segment has emerged as the dominant player in the Wi-Fi Range Extender market, catering to the needs of businesses and establishments for a fast and reliable internet connection.

• Dual Band WiFi to Register Highest Growth

In the WiFi Range Extender Market analysis, dual-band WiFi is estimated to grow with the highest CAGR of 9% due to its ability to offer better speed and coverage range than single-band WiFi. Dual-band WiFi operates on both the 2.4 and 5 GHz frequencies, allowing for better signal strength and reduced interference from other devices. High-bandwidth applications such as video streaming and online gaming drive the demand for dual-band WiFi range extenders, which can support these applications with faster and more reliable connectivity. Additionally, advancements in technology, such as the introduction of WiFi 6 and mesh networking, are further propelling the growth of the dual-band WiFi range extender market.

• North America is Leading the Market

North America region held a major market share of 40% in 2022. The region has a highly developed digital infrastructure and a high internet penetration, with many households and businesses using smart devices that require a stable internet connection. The region has a highly competitive market with several leading players, such as Cisco Systems, Netgear, and Juniper Networks, offering a wide range of Wi-Fi Range Extender products, providing consumers various options. The early adoption of smart home devices and home automation systems in North America has fueled the demand for Wi-Fi Range Extenders. These devices require a reliable and fast internet connection.

• Lack of Standardization in Wi-Fi Range Extender Market

The need for standardization in the Wi-Fi Range Extender market is a significant challenge that can impact the market’s growth potential. A universal standard for Wi-Fi Range Extenders can create compatibility issues between devices and networks, leading to clarity for consumers and limiting the market’s reach. For example, a Wi-Fi Range Extender compatible with one brand of router may not work with another, leading to compatibility issues and additional costs for consumers. This can make consumers hesitant to purchase Wi-Fi Range Extenders, as they may need to be sure they will work with their existing network infrastructure.

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Key Opportunity Analysis:

Emergence of WiFi-7 technology

The 7th generation of Wi-Fi promises significant improvements over Wi-Fi 6 and 6E and could offer speeds up to four times faster. Wi-Fi 7 is IEEE 802.11be in the old naming convention and will be backwards compatible. Since Wi-Fi 7 will use the same three 2.4-GHz, 5-GHz, and 6-GHz bands, it includes clever advances to reduce latency, increase capacity, and boost stability and efficiency.

Integration with Smart Home Systems

As more and more households adopt smart home systems and home automation technology, the demand for Wi-Fi Range Extenders that can seamlessly integrate with these systems is increasing. Smart home systems are designed to control and automate various devices and appliances in a household, such as lighting, heating and cooling, security systems, and entertainment systems. These systems rely on a stable and reliable internet connection, where Wi-Fi Range Extenders come in.

Wi-Fi Range Extenders compatible with popular smart home systems, such as Amazon Alexa, Google Assistant, and Apple HomeKit, can help create a more streamlined and convenient user experience. For example, users can control their smart home devices using voice commands through their smart speakers. Wi-Fi Range Extenders can ensure these commands are received and executed quickly and reliably.

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The Report also Covers the Following Areas:

• Wi-Fi Range Extender Market Size and Forecast
• Wi-Fi Range Extender Market Trends
• Wi-Fi Range Extender Market Analysis by Product Type

Wi-Fi Range Extender Market 2023-2030: Key Highlights

• CAGR of the market during the forecast period 2023-2030
• Value Chain analysis of key stake holders
• Detailed analysis of market drivers and opportunities during the forecast period
• Wi-Fi Range Extender Market size estimation and forecast
• Analysis and predictions on end users’ behavior and upcoming trends
• Competitive landscape and Vendor market analysis including offerings, developments, and financials
• Comprehensive analysis of challenges and constraints in the Wi-Fi Range Extender Market

Covid and Ukrainian Crisis Impact:

With more people working and learning from home, there has been a surge in demand for reliable and high-speed internet connectivity, which has increased the demand for WiFi Range Extenders. The need for smart home devices has increased, requiring a robust and reliable internet connection. WiFi Range Extenders ensure users can access high-speed connectivity throughout their homes. As a result, the demand for WiFi Range Extenders has increased significantly during the pandemic. However, the pandemic has also negatively impacted the WiFi Range Extender market. Supply chain disruptions, manufacturing delays, and shipping issues have led to product shortages and delays in product delivery. The pandemic has also resulted in declining consumer spending as people face economic uncertainty and financial hardship.

The Ukraine-Russia conflict impacted the WiFi Range Extender market in various ways. The disruption in the global supply chain due to the conflict could lead to shortages of WiFi Range Extenders, resulting in higher prices. On the other hand, the conflict could also lead to increased demand for WiFi Range Extenders in certain areas where people are displaced and living in temporary housing. However, the overall impact on the market will depend on the duration and severity of the conflict and its effect on the global economy.

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List of Key Market Players in Wi-Fi Range Extender Market:

The Global Wi-Fi Range Extender Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:

• Cisco Systems, Inc.
• Alcatel-Lucent S.A.
• Hewlett Packard Enterprise (Aruba Networks)
• Netgear Inc.
• D-Link Corporation
• Linksys Group Inc.
• TRENDnet, Inc.
• Ericsson
• Ruckus Networks
• Juniper Networks, Inc.
• Motorola Solutions, Inc.
• Lexmark International, Inc.
• Hitachi Industrial Equipment Systems Co. Ltd.
• Huawei Technologies Co., Ltd.
• Shenzhen Tenda Technology Co. ltd.

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