Wi-Fi Range Extender Market

Wi-Fi range extender Market Size, Share, Growth (2023-2028):

Wi-Fi range extender market share value is expected to grow at a CAGR of 12% during the forecast period of 2023–2028 to reach USD 3 Billion by 2028.

Wi-Fi range extender market Overview:

The Wi-Fi range extender is a device that helps to increase the range of an existing Wi-Fi network. It can widen and even amplify the range of the wireless network to ensure that steady bandwidth and range are maintained throughout the vicinity for stable connections and Wi-Fi coverage. There are many different types of Wi-Fi available, depending on the user’s needs. Wi-Fi range extenders can eliminate the possibility of using multiple Wi-Fi networks and help save on the cost of multiple internet subscriptions. Multiple users get connected to the grid. Wi-Fi range extenders are very useful and can increase the range of networks by up to thousands of square feet.

Wi-Fi range extender market Drivers:

The increased number of connected devices to the internet and the rise in work-from-home culture are the primary market drivers for the Wi-Fi range extender market. Due to COVID-19, there was a shift towards working-from-home culture, which still prevails in many industries. To ensure uninterrupted and stable coverage, people started using Wi-Fi range extender devices. There is high internet penetration, and with the number of devices, the market is forecast to keep increasing as the Market share increases with time. The BYOD (Bring your own device) culture is the latest trend, which allows employees to bring and use their own smart devices to work. Companies prefer to use Wi-Fi range extenders for company and commercial use, which has increased the Wi-Fi Range extenders market size.Digitization and growing smart cities: due to digitization, many gadgets and devices, both in homes and commercial spaces, are becoming smarter and Wi-Fi-enabled. Smart grids and smart cities need to be connected to a common grid network; a Wi-Fi range extender is used to widen this network coverage. Governments are trying to bring in digitization, and there are a lot of investments in this direction, which propels the Wi-Fi range extenders market.

Wi-Fi range extender market restraints:

The high cost of the installation of the WiFi range extender, which small-scale industries cannot afford, is a major factor restraining the growth rate of the market. This requires a whole manual process where the right placement for Wi-Fi extender needs to be placed for the most optimal results. WiFi is a type of electromagnetic wave, meaning it can’t penetrate some surfaces like metals. This system could not work efficiently on long-distance connections, which is slowly degrading the demand for market value.

Impact of COVID-19 on the Wi-Fi range extender market:

The COVID-19 pandemic had lasting effects on many different industries and markets. The COVID-19 pandemic had a mixed effect on the Wi-Fi range extender market. As the Offices were closed or working at a limited capacity, the Wi-Fi range extenders' market share was reduced, but at the same time, due to the increased demand for work-from-home, the opportunity for Wi-Fi range extenders increased. People were spending more time in their homes and using more internet services. The production of the Wi-Fi range extenders was hampered due to disruptions in the supply chain, like the raw materials and microchips. The Wi-Fi range extender market is expected to make a rapid recovery from COVID-19 as offices and workplaces are starting again. There has also been an increase in digitization and a push towards smart grids.

Wi-Fi range extender market Segmentation:

By Type:

• Indoor Wi-Fi

• Outdoor Wi-Fi

There are primarily two types of Wi-Fi range extenders available on the market: Indoor WiFi and Outdoor WiFi. The Indoor WiFi Segment has the largest share in the Wi-Fi range extender market. Indoor WiFi is used in indoor settings like offices, houses, or residential buildings. Outdoor WiFi is usually used for outdoor purposes and is built to withstand harsh weather and situations, making it suitable for outdoor use.

By Product:

• Extenders and Repeaters

• Access Points

• Antennas

Extenders and repeaters register the largest market share due to the functionality and high area of network coverage that they provide. The access points segment is growing at a faster rate during the forecast period. 

By End User:

• Residential

• Commercial

• Public

The Commercial segment dominates the market as WiFi networks are essential in most office jobs and industries for a seamless flow of work. According to the forecast, the public sector is likely to hit the highest CAGR.

Wi-Fi range extender Market Regional Analysis:

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

North America is witnessed in leading the dominant shares of the market owing to the increasing economy and rising trend towards wi-fi connectivity applications. Asia Pacific is the fastest-growing region for this market owing to the growing number of multiple industries in India and China. The growing tendency towards the internet of Things is majorly leveraging the growth rate of the market. 

Latin America, and Middle East & Africa are expected to have steady growth opportunities during the forecast period.  

Wi-Fi range extender Market Players:

1. D-Link Corporation

2. Linksys Group, Inc.

3. TRENDnet, Inc.

4. Shenzhen Tenda Technology Co., Ltd.

5. Cisco Systems Inc.

6. Huawei Technologies Co. Ltd.

7. NETGEAR Inc.

8. Aruba Networks (Hewlett Packard Enterprise Development LP)

9. TP-Link Technologies Co. Ltd.

10. Juniper Networks, Inc.

11. Ruckus Wireless, Inc.

12. Motorola Solutions, Inc.