Extenders Market Growth Analysis | 2023-2028

Market Insights

The extenders market was estimated at USD 7.19 billion in 2022 and is likely to grow at a CAGR of 3.90% during 2023-2028 to reach USD 9.07 billion in 2028.

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What are Extenders?

A wireless network uses radio waves to communicate with portable devices, enabling them access to other connected devices and to the Internet. Other factors can affect the strength of these radio waves and dead spots can be found in the office network where it’s not connected. These extenders are devices to improve WiFi coverage.

COVID-19 Impact on Extenders Market

The COVID-19 outbreak has positively influenced the extenders industry. Surging cases of coronavirus infections has resulted in social distancing and lockdown norms in various countries across the globe to curb the spread of the virus. This has resulted in work from home policies as well as online education for the students which creates a demand for high-speed internet and Wi-Fi services, thus augmenting the extenders market growth during the pandemic.

Key Players

Key players operating in the extenders market are-

• NETGEAR (The U.S),
• D-Link (Taiwan),
• Linksys (The U.S),
• ZyXEL (Taiwan),
• ASUS (Taiwan),
• Amped (New Zealand),
• TP-LINK (China),
• Belkin (The U.S),
• Hawking Technology (Netherlands), and
• Edimax Technology (Taiwan).

Market Dynamics

Rising demand for internet access and growing number of consumer electronics devices across the globe, mainly in the residential societies is a key factor augmenting the industry growth.

• Also, the ease of installation coupled with the cost benefits pertaining to the purchase of an extender in comparison to adding another Wi-Fi router, further boosts the product demand.
• Moreover, increasing growth of the connected homes concept as well as the emergence of the smart home ecosystem creates lucrative opportunities to the industry players.

Segment's Analysis

Application Trends

Based on application, the extenders market is classified into residential and commercial.

• The residential segment held the largest share in 2022 and is projected to grow at the highest CAGR during the assessment period.
• Rising smart cities and smart homes is a key driver as it has smart products/devices, such as smart security systems, air conditioners, smart entertainment systems, smart televisions, further bolstering the segment growth.

Regional Analysis

By region, the North America market accounted for the largest share in 2022 and is expected to grow at a substantial CAGR in the following years.

• This is mainly ascribed to increasing number of devices per household, growing focus on digitalization, presence of key product manufacturers, strong growth of smart homes, and rising adoption of new technology, further proliferates the regional market growth.

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Critical Questions Answered in the Report

• What are the key trends in the market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Target Audience

Here is the list of the group of customers that the Extenders market hopes to have the greatest opportunity to convert-

• Extenders vendors
• Extenders retailers
• Consumer electronic companies
• Commercial companies

Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the global market.

What Deliverables Will You Get in this Report?

Report Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].