The market for mobile hotspot routers is projected to reach US$ 6,369.5 million in 2022 and grow at a 16.6% CAGR to US$ 29,550 million by 2032. Rising IoT-based application usage is credited with driving growth. A CAGR of 14.6% was recorded for the market for mobile hotspot routers between 2016 and 2021.
| Data Points | Key Statistics |
| Growth Rate (2016-2021) | 14.6% CAGR |
| Projected Growth Rate (2022-2032) | 16.6% CAGR |
| Expected Market Value (2022) | US$ 6,369.5 Million |
| Anticipated Forecast Value (2032) | US$ 29,550.0 Million |
Recent technical advancements in the wireless standards and growing demand for mobile broadband services, triggers the rapid demand for Mobile Hotspot Router in global market. Mobile hotspot router is a device that connects Internet through 3G or 4G LTE services to share the wireless network connection with other Wi-Fi enabled devices.
The mobile hotspot routers are equipped with in-built battery with pocket friendly design. Mobile Hotspot Router also comes with LCD screens, which displays network strength, status messages, hotspot’s name data usage and number of connected devices. Mobile hotspot routers are charged using USB cable and can be connected to laptop and other devices via USB cable to access the internet.
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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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Global Mobile Hotspot Router Market: Segments
Global mobile hotspot router market can be segmented on the basis of type, end user and region.
On the basis of type, global mobile hotspot router market can be segmented into
- standalone devices
- bundled devices
On the basis of end user, global mobile hotspot router market can be segmented into
- domestic users
- commercial users
On the basis of Region, global mobile hotspot router market can be segmented into
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific Excluding Japan (APEJ)
- Japan
- The Middle East and Africa (MEA)
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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