What is Wi-Fi 6 Routers Market?
Wi-Fi 6 routers are next generation routers are quite popular for its latest technology and high speed connectivity with low latency. The increasing use of digital devices and advanced technologies like IoT, smart home & office devices has increased upload traffic and reaching the limits of its potential. Wi-Fi 6 routers offers support to large number of devices and high performance with single-band and dual-band support 2.4 GHz and 5 GHz. However, increasing infrastructural developments in metro cities is expected to lift the market to facilitate internet connectivity in buildings.
The market study is being classified by Type (Single-band Support and Dual-band Support), by Application (Residential, Commercial, Industrial and Others) and major geographies with country level break-up.
TP-Link (China), D-Link (Taiwan), Netgear (United States), Cisco Systems (United States), Asus (Taiwan), Huawei (China), Xiaomi (China), Tenda Technology (China), Linksys (United States) and Alcatel-Lucent Enterprise (United States) are some of the key players profiled in the study.
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market. Research Analyst at AMA predicts that Chinese Players will contribute to the maximum growth of Global Wi-Fi 6 Routers market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Wi-Fi 6 Routers market by Type, Application and Region.
On the basis of geography, the market of Wi-Fi 6 Routers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Need of Router With Latest Technology, Faster Speed, and Higher Capacity to Support Large Number of Data-centric Devices
- Rise in Demand of Internet Connectivity and WLAN Density Due to Increasing IoT Users Worldwide
Market Trend
- Adoption of Next Generation High Bandwidth Routers
Restraints
- Rapid Development in Technologies May Lead Users to Replace Routers With Next Series or Advanced Technologies
- Problems in Connecting Device with the Wi-Fi 6 Network Due to Lack of WPA3 Support
Opportunities
- Increased Adoption of Mobile Devices and Smart Home & Office Devices
- Government Initiatives to Create Smart Cities and Smart Infrastructures
Challenges
- Lack of Awareness About New Technology and Products Among People May Create Challenges
In March 2021, Netgear, the US-based Wi-Fi and network solution company launched Nighthawk RAX20 wireless router in India. The router has been built with attest generation technology and comes with WPA3 security protocol that offers high connectivity speed up to 1.8Gbps and greater capacity to handle more devices on the user’s network.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Wi-Fi 6 Router Manufacturers, Suppliers & Distributors of Wi-Fi 6 Router, OEMs Manufacturers and Suppliers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-use Industries and Others