Mobile Hotspot Router Market is Expected to Generate US$ 29,550.0 Million by 2032: Future Market Insights, Inc.

The market for mobile hotspot routers is anticipated to reach US$ 6,369.5 million in 2022 and US$ 29,550 million by 2032 at a CAGR of 16.6%. The rise is correlated with the increasing use of IoT-based applications. Between 2016 and 2021, the mobile hotspot router market expanded at a 14.6% CAGR.

Mobile hotspot router demand is rising quickly in the worldwide market as a result of recent technological developments in wireless standards and the expanding need for mobile broadband services. A mobile hotspot router is a gadget that shares a wireless network connection with other Wi-Fi capable devices by connecting to the Internet via 3G or 4G LTE services.

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Global Mobile Hotspot Router Market: Market Dynamics

Increasing demand for wireless broadband, increasing smartphone users, growing awareness on “pay as you go” business model are the key factors contribute the growth of mobile hotspot router market globally. Increasing business travelers, expanding Wi-Fi enabled smart devices, growing trend on including Wi-Fi access in transportation services and increasing adoption to long-term evolution (LTE) services are further accelerates the demand for mobile hotspot router market globally.

Also, increasing preference for online services, and continuous investment in communication infrastructure are expected to fuel the growth of global mobile hotspot router market. However, limited Wi-Fi signal range, security, issues related to authentication, network performance and increasing availability of public hotspots are identified as the restraints likely to deter the progression of mobile hotspot router market globally.

Global Mobile Hotspot Router Market: Regional Outlook

Global mobile hotspot router market is witnessing significant growth in all major regions including North America, Latin America, Western Europe, Eastern Europe, Middle East, Africa and Asia Pacific. Asia Pacific is expected to dominate the global mobile hotspot router market due to expanding internet users, adoption to long-term evolution (LTE) services and smartphone penetration.

Global Mobile Hotspot Router Market: Competition Landscape

The key vendors in the Global Mobile Hotspot Router Market, include Huawei Technologies Co., Ltd., Novatel Wireless, Inc., NETGEAR, TP-Link Technologies Co., Ltd., Belkin International, Inc., Internet on the Go, Karma Mobility, Inc., D-Link Corporation and XCom Global, Inc. Collaborating with the service providers is the key strategy followed by major players  to gain competitive edge.

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The report covers exhaustive analysis on

  • Global Mobile Hotspot Router Market Segments
  • Global Mobile Hotspot Router Market Dynamics
  • Historical Actual Market Size, 2013 – 2015
  • Global Mobile Hotspot Router Market Size & Forecast 2016 to 2026
  • Supply & Demand Value Chain
  • Global Mobile Hotspot Router Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology

Regional analysis for Global Mobile Hotspot Router Market includes

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • Japan
  • Middle East and Africa

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Key Segments Profiled in the Mobile Hotspot Router Industry Survey

Mobile Hotspot Router Market by Type:

  • Standalone Mobile Hotspot Routers
  • Bundled Mobile Hotspot Routers

Mobile Hotspot Router Market by End User:

  • Mobile Hotspot Router for Domestic Use
  • Mobile Hotspot Router for Commercial Use

Mobile Hotspot Router Market by Region:

  • North America Mobile Hotspot Router Market
  • Latin America Mobile Hotspot Router Market
  • Europe Mobile Hotspot Router Market
  • Asia Pacific Mobile Hotspot Router Market
  • Middle East and Africa Mobile Hotspot Router Market

Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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