Home Networking Device Market Outlook and Growth Stance Forecasted Through 2023
Global market for home networking devices is expected to expand at a highly promising CAGR of 7.0% from 2015 to 2023 in terms of revenue. This revenue is expected to reach US$14.35 bn by the end of 2016 and US$23.23 bn by 2023.
[UKPRwire, Tue Aug 13 2019] Home networking devices are used to set up a local area network (LAN) in order to connect personal devices. The market is segmented on the basis of solution and component. The solution segmentation comprises wired and wireless home networking devices. Wired and wireless devices are further divided on the basis of technology into network line, powerline, Wi-Fi and, ZigBee and Z-Wave. This detailed segmentation indicates the upcoming trend in the market according to technological evolution. Wired home networking devices are connected through a network cable and electrical wires. Network line sub-segment consists of MoCA certified products which work on coaxial cable. Powerline-based home networking devices consist of adapters which convert home electrical wiring into network line for transferring data. Increasing use of Wi-Fi enabled connected devices is expected to support the demand for Wi-Fi based home networking devices.
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The component segmentation covers the complete range of products required for the functioning of a home network. Hub and switch, router, extender, adapter, and wireless access point (WAP) are the products covered under this segmentation. The revenue of each component segment is inclusive of both wired and wireless home networking devices. Demand for hubs and switches are expected to decline in the coming years owing to low demand for wired home networking devices. However, the demand for routers and adapters is expected to increase due to increase in demand for wireless home networking devices.
In terms of geographical regions, the report segments the global home networking device market into North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and Latin America, which are analyzed in terms of revenue and volume generation. North America is further segmented into the U.S. and Rest of North America, while Europe is divided into EU7, Commonwealth of Independent States (CIS), and Rest of Europe. Asia Pacific is subdivided into Japan, China, South Asia, Australasia, and Rest of Asia Pacific. Also, MEA is further segmented into Gulf Cooperation Council (GCC) countries, South Africa, and Rest of MEA, while Latin America is subdivided into Brazil and Rest of Latin America.
Furthermore, the report analyzes the factors that drive and restrain the growth of the home networking device market. The report also discusses the prevailing market trends, prospective growth opportunities, and major strategies increasing the popularity of the home networking devices market. It also provides market estimates and forecasts for all the segments in terms of revenue. Market estimates based on volume is only provided for component segmentation. Also provided is the market positioning analysis and competitive strategies adopted by key players in the global home networking device market.
Major business strategies adopted by key players, their market positioning, and various recent developments have also been identified in the research report. The prominent manufacturers who offer home networking devices include Belkin International, Inc., D-Link Corporation, Actiontec Electronics, Inc., Netgear, Inc., TP-Link Technologies Co., Ltd., Devolo AG, ZyXEL Communications Corp., Huawei Technologies Co. Ltd., Legrand SA, ASUSTeK Computer Inc., and Buffalo, Inc.
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The home networking device market is segmented as below:
Home Networking Device Market
- Network line
- ZigBee and Z-Wave
- Hub and Switch
- Wireless Access Point (WAP)
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
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