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ELECTRONICS & SMART DEVICES

Mobile Hotspot Router Market : Global Demand, Growth Analysis & Opportunity Outlook 2023

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Extensive insights into the Growth of Mobile Hotspot Router Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Global Mobile Hotspot Router Market Overview

Mobile hotspot is a pocket-sized wireless router that enables multiple wi-fi enabled devices to connect with a single router. The main use of a mobile hotspot router is to provide connectivity to multiple users in order to reduce over-all cost of internet services. Mobile hotspot convert 4G signal to wi-fi is allowing a wide range of devices to access data from the internet. Mobile hotspot router provides connectivity within a range of 30 to 33 feet. Mobile hotspot router reduces the risks that are possible when anybody enters the password and banking information over a free public wi-fi network. It can also be used while travelling, increase in average time spent in traveling, including the time spent commuting to work and journeys, has boosted the demand of mobile hotspot router market across the globe.

                Global Mobile Hotspot Router Market Share (2016-2023) Graph

Market Size & Forecast

The global mobile hotspot router market is estimated to reach over USD 5.1 Billion by the end of 2023 witnessing a compound annual growth rate of 20.2% over the forecast period i.e. 2016-2023. In terms of volume, global mobile hotspot router market has crossed 90 million units in 2015.

Projecting a share of 40% in total volume consumption in 2015, Asia Pacific is anticipated to dominate the global market over the forecast period followed by North America and Europe owing to the increasing number of mobile subscribers and high internet penetration. In 2015, North America and Europe together accounted revenue share of 55% to the global mobile hotspot router market.  

Bundled devices segment is anticipated to contribute highest market share over the forecast period, the segment accounted for 70% share of total volume consumption in 2014. Standalone devices segment is anticipated to be the fastest growing segment over the forecast period. CLICK TO DOWNLOAD FREE SAMPLE REPORT

Mobile hotspots are equipped with features such as power bank and GPS for location identification process, not all devices in the market are equipped with these features. However, mobile hotspot manufacturers are focused on developing technologically advanced products with long battery life and wide range of connectivity.

Global Mobile Hotspot Router Market Segmentation

  • By Type

Standalone Devices 

Bundled Devices 

  • End-User 

            Domestic Users 
            Commercial Users

  • Distribution Channel     

Multi-Brand Store 
Online Store 
Others 

 

By Region

Global Mobile Hotspot Router Market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth Drivers and Challenges

The era of digitalization is changing the environment of enhanced connectivity infrastructure. Internet has become an integral part of day to day life and business.  Owing to the 3 billion internet users world-wide, the need for better network infrastructure will further expand the demand for mobile hotspot router across the globe.

Increasing use of electronic gadgets such as laptops and tablets coupled with the emerging wireless technologies such as 3G and 4G is driving the need for the network infrastructure, this will further spur the demand for mobile hotspot over the globe. Development of e-commerce such as online shopping through portable devices also contributed to impulse growth to the mobile hotspot router market

Increased security over public wi-fi access point, advantage to access wireless internet from anywhere at any time, features such as inbuilt battery and memory space are some factors that are attracting consumers towards the use of mobile hotspot router.

Issues related to authentication, security, low connectivity, network performance, network management in mobile hotspot router may hamper the growth of mobile hotspot router market. 

Key Players

  • Huawei Technologiesss
  • NETGEAR
  • TP-LINK Technologies 
  • ZTE Corporation
  • Beetel Teletech Limited 
  • Alcatel 
  • Hame 
  • Karma 
  • Belkin International, Inc. 
  • Novatel Wireless, Inc.

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

  • By Type Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

By Regions

Global Mobile Hotspot Router Market has been studied on countries and regions like:

  • North America (U.S., Canada) Market Size & Y-O-Y Growth Analysis
  • Latin America (Mexico, Brazil, Rest of Latin America) Market Size & Y-O-Y Growth Analysis
  • Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size & Y-O-Y Growth Analysis
  • Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia) Market Size & Y-O-Y Growth Analysis
  • Middle East and North Africa (MENA) Market Size & Y-O-Y Growth Analysis
  • Rest of World  Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment                


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