The global mobile hotspot router market is anticipated to be valued at USD 6,369.5 Million in 2022, forecast a CAGR of 16.6% to be valued at USD 29,550 Million from 2022 to 2032. Growth is attributed to the increasing usage of IoT-based applications. From 2016 to 2021 a CAGR of 14.6% was registered for the mobile hotspot router market.
| Data Points | Key Statistics |
|---|---|
| Growth Rate (2016 to 2021) | 14.6% CAGR |
| Projected Growth Rate (2022 to 2032) | 16.6% CAGR |
| Expected Market Value (2022) | USD 6,369.5 Million |
| Anticipated Forecast Value (2032) | USD 29,550.0 Million |
Recent technical advancements in wireless standards and growing demand for mobile broadband services triggers the rapid demand for mobile hotspot router in the global market. A mobile hotspot router is a device that connects to the Internet through 3G or 4G LTE services to share the wireless network connection with other Wi-fi-enabled devices.
Most portable hotspot devices use the 3G and 4G signals from network providers to enable the connection. Mobile Wi-fi hotspots therefore often need a SIM card that provides the connectivity. The mobile hotspot routers are equipped with an in-built battery with a pocket-friendly design.
Mobile hotspot routers also come with LCD screens, which display network strength, status messages, hotspot name data usage, and a number of connected devices. Mobile hotspot routers are charged using a USB cable and can be connected to laptops and other devices via a USB cable to access the internet.
Technological Advancements in Connected Devices to Fuel Industry Expansion
Increasing demand for wireless broadband, increasing smartphone users, and growing awareness of the pay-as-you-go business model are the key factors contributing to the growth of the mobile hotspot router market globally. Increasing business travelers, expanding Wi-Fi-enabled smart devices, the growing trend of including Wi-Fi access in transportation services, and increasing adoption of long-term evolution (LTE) services are further accelerating the demand for the mobile hotspot router market globally.
Also, increasing preference for online services and continuous investment in communication infrastructure are expected to fuel the growth of the global mobile hotspot router market.
Rising disposable income increases the probability of consumer spending on media, entertainment, networking, and mobile communication - leading to higher potential sales of mobile hotspot routers. The global market is expected to witness substantial growth over the forecast period owing to advancements in the electronic, telecommunication, and e-commerce industries.
Although the mobile hotspot router market has numerous end-uses, there are numerous obstacles that likely pose a challenge to market growth. The cost and complexities related to the development of the product will hinder the growth of the market in the forecasting period.
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 the mobile hotspot router market globally.
Factors hindering the growth of the global mobile hotspot router market, are fluctuating price of raw materials being used to manufacture switches and the presence of low-quality cheap products by other manufacturers in the market key restraints of the global mobile hotspot router market.
Rapid Development in Technology to Drive the Growth of the Market in the Forecast Period
North America dominated the global mobile hotspot router market in 2022. The region is likely to account for a market share of 38.6% in global enterprise key management market. Rapid digitalization, along with the rising demand for wireless and mobile broadband services, is one of the key factors driving the growth of the market.
Region-wise, North America is anticipated to dominate the global market over the forecast period owing to the increasing number of mobile subscribers and high internet penetration mainly smartphone users. The increase in disposable incomes of middle-class households in the region is expected to augment the mobile hotspot router market.
Presence of Leading Market Providers in the Region Market Growth
According to Future Market Insights, Europe is expected to provide immense growth opportunities for the mobile hotspot router market, due to an increase in sales of hotspot routers in the European region being fueled by technological developments and a growing consumer electronics market.
The Europe mobile hotspot router market will likely account for a 23.1% share of the total global market in 2022. The growing demand for more advanced handheld devices such as smartphones and tablets is expected to create demand for technologies with high internet speed. This, in turn, is expected to drive the growth of the mobile hotspot router market.
For instance, NETGEAR®, Inc. launched the NETGEAR AirCard® 790 Mobile Hotspot (AC790) in Europe. It is the first unlockedmobile hotspot to provide ultra-fast Category 6 4G LTE speeds combined with the latest 802.11ac WiFi that also offers complete freedom of choice in wireless service providers.
Increasing Digitalization in The Region Boost the Market Growth in Coming Years
Asia Pacific is expected to show high growth rates in the next five years in the mobile hotspot router market. Some of the factors driving the growth of mobile hotspot routers in emerging markets are, rapid advancements being made in technology coupled with increasing investments in research and development is anticipated to further drive the market.
A significant change in lifestyle and increased smartphone penetration in the region are expected to drive the Asia Pacific mobile payment transaction market. Furthermore, there is an increasing involvement by the public authorities in this region to make the transaction an easy process, and they are making all efforts from their end to go cashless and promote digital transactions.
The new entrants in the mobile hotspot router market are continually indulging in several collaborations and highly investing in research and development activities to provide more convenient solutions to industry verticals. Some of the major start-ups that are leading the development of the market are- Milesight IoT, Four-Faith, Smile MBB,
Some of the key participants present 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. Alcatel, among others.
Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as Huawei Technologies Co., Ltd., Novatel Wireless, Inc., NETGEAR, TP-Link Technologies Co., Ltd., and Belkin International, Inc. account for considerable market size, several regional-level players are also operating across key growth regions, particularly in Asia Pacific.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 16.6% from 2022 to 2032 |
| Expected Market Value (2022) | USD 6,369.5 Million |
| Anticipated Forecast Value (2032) | USD 29,550.0 Million |
| Base Year for Estimation | 2021 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Type, End-user, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | The USA, Canada, Mexico, Brazil, Germany, Italy, France, The United Kingdom, Spain, China, Japan, South Korea, Malaysia, Singapore, Australia, New Zealand, GCC, South Africa, Israel |
| Key Companies Profiled | 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; XCom Global, Inc.; Alcatel |
| Customization | Available Upon Request |
Table 01: Global Market Value (US$ million) Forecast by Region, 2016 to 2032
Table 02: Global Market Volume (Units) Forecast by Region, 2016 to 2032
Table 03: Global Market Value (US$ million) Forecast by Type, 2016 to 2032
Table 04: Global Market Volume (Units) Forecast by Type, 2016 to 2032
Table 05: Global Market Value (US$ million) Forecast by End User, 2016 to 2032
Table 06: Global Market Volume (Units) Forecast by End User, 2016 to 2032
Table 07: North America Market Value (US$ million) Forecast by Country, 2016 to 2032
Table 08: North America Market Volume (Units) Forecast by Country, 2016 to 2032
Table 09: North America Market Value (US$ million) Forecast by Type, 2016 to 2032
Table 10: North America Market Volume (Units) Forecast by Type, 2016 to 2032
Table 11: North America Market Value (US$ million) Forecast by End User, 2016 to 2032
Table 12: North America Market Volume (Units) Forecast by End User, 2016 to 2032
Table 13: Latin America Market Value (US$ million) Forecast by Country, 2016 to 2032
Table 14: Latin America Market Volume (Units) Forecast by Country, 2016 to 2032
Table 15: Latin America Market Value (US$ million) Forecast by Type, 2016 to 2032
Table 16: Latin America Market Volume (Units) Forecast by Type, 2016 to 2032
Table 17: Latin America Market Value (US$ million) Forecast by End User, 2016 to 2032
Table 18: Latin America Market Volume (Units) Forecast by End User, 2016 to 2032
Table 19: Europe Market Value (US$ million) Forecast by Country, 2016 to 2032
Table 20: Europe Market Volume (Units) Forecast by Country, 2016 to 2032
Table 21: Europe Market Value (US$ million) Forecast by Type, 2016 to 2032
Table 22: Europe Market Volume (Units) Forecast by Type, 2016 to 2032
Table 23: Europe Market Value (US$ million) Forecast by End User, 2016 to 2032
Table 24: Europe Market Volume (Units) Forecast by End User, 2016 to 2032
Table 25: Asia Pacific Market Value (US$ million) Forecast by Country, 2016 to 2032
Table 26: Asia Pacific Market Volume (Units) Forecast by Country, 2016 to 2032
Table 27: Asia Pacific Market Value (US$ million) Forecast by Type, 2016 to 2032
Table 28: Asia Pacific Market Volume (Units) Forecast by Type, 2016 to 2032
Table 29: Asia Pacific Market Value (US$ million) Forecast by End User, 2016 to 2032
Table 30: Asia Pacific Market Volume (Units) Forecast by End User, 2016 to 2032
Table 31: MEA Market Value (US$ million) Forecast by Country, 2016 to 2032
Table 32: MEA Market Volume (Units) Forecast by Country, 2016 to 2032
Table 33: MEA Market Value (US$ million) Forecast by Type, 2016 to 2032
Table 34: MEA Market Volume (Units) Forecast by Type, 2016 to 2032
Table 35: MEA Market Value (US$ million) Forecast by End User, 2016 to 2032
Table 36: MEA Market Volume (Units) Forecast by End User, 2016 to 2032
Figure 01: Global Market Value (US$ million) by Type, 2022 to 2032
Figure 02: Global Market Value (US$ million) by End User, 2022 to 2032
Figure 03: Global Market Value (US$ million) by Region, 2022 to 2032
Figure 04: Global Market Value (US$ million) Analysis by Region, 2016 to 2032
Figure 05: Global Market Volume (Units) Analysis by Region, 2016 to 2032
Figure 06: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 07: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 08: Global Market Value (US$ million) Analysis by Type, 2016 to 2032
Figure 09: Global Market Volume (Units) Analysis by Type, 2016 to 2032
Figure 10: Global Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 11: Global Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 12: Global Market Value (US$ million) Analysis by End User, 2016 to 2032
Figure 13: Global Market Volume (Units) Analysis by End User, 2016 to 2032
Figure 14: Global Market Value Share (%) and BPS Analysis by End User, 2022 to 2032
Figure 15: Global Market Y-o-Y Growth (%) Projections by End User, 2022 to 2032
Figure 16: Global Market Attractiveness by Type, 2022 to 2032
Figure 17: Global Market Attractiveness by End User, 2022 to 2032
Figure 18: Global Market Attractiveness by Region, 2022 to 2032
Figure 19: North America Market Value (US$ million) by Type, 2022 to 2032
Figure 20: North America Market Value (US$ million) by End User, 2022 to 2032
Figure 21: North America Market Value (US$ million) by Country, 2022 to 2032
Figure 22: North America Market Value (US$ million) Analysis by Country, 2016 to 2032
Figure 23: North America Market Volume (Units) Analysis by Country, 2016 to 2032
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 26: North America Market Value (US$ million) Analysis by Type, 2016 to 2032
Figure 27: North America Market Volume (Units) Analysis by Type, 2016 to 2032
Figure 28: North America Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 29: North America Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 30: North America Market Value (US$ million) Analysis by End User, 2016 to 2032
Figure 31: North America Market Volume (Units) Analysis by End User, 2016 to 2032
Figure 32: North America Market Value Share (%) and BPS Analysis by End User, 2022 to 2032
Figure 33: North America Market Y-o-Y Growth (%) Projections by End User, 2022 to 2032
Figure 34: North America Market Attractiveness by Type, 2022 to 2032
Figure 35: North America Market Attractiveness by End User, 2022 to 2032
Figure 36: North America Market Attractiveness by Country, 2022 to 2032
Figure 37: Latin America Market Value (US$ million) by Type, 2022 to 2032
Figure 38: Latin America Market Value (US$ million) by End User, 2022 to 2032
Figure 39: Latin America Market Value (US$ million) by Country, 2022 to 2032
Figure 40: Latin America Market Value (US$ million) Analysis by Country, 2016 to 2032
Figure 41: Latin America Market Volume (Units) Analysis by Country, 2016 to 2032
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 44: Latin America Market Value (US$ million) Analysis by Type, 2016 to 2032
Figure 45: Latin America Market Volume (Units) Analysis by Type, 2016 to 2032
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 48: Latin America Market Value (US$ million) Analysis by End User, 2016 to 2032
Figure 49: Latin America Market Volume (Units) Analysis by End User, 2016 to 2032
Figure 50: Latin America Market Value Share (%) and BPS Analysis by End User, 2022 to 2032
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by End User, 2022 to 2032
Figure 52: Latin America Market Attractiveness by Type, 2022 to 2032
Figure 53: Latin America Market Attractiveness by End User, 2022 to 2032
Figure 54: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 55: Europe Market Value (US$ million) by Type, 2022 to 2032
Figure 56: Europe Market Value (US$ million) by End User, 2022 to 2032
Figure 57: Europe Market Value (US$ million) by Country, 2022 to 2032
Figure 58: Europe Market Value (US$ million) Analysis by Country, 2016 to 2032
Figure 59: Europe Market Volume (Units) Analysis by Country, 2016 to 2032
Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 62: Europe Market Value (US$ million) Analysis by Type, 2016 to 2032
Figure 63: Europe Market Volume (Units) Analysis by Type, 2016 to 2032
Figure 64: Europe Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 65: Europe Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 66: Europe Market Value (US$ million) Analysis by End User, 2016 to 2032
Figure 67: Europe Market Volume (Units) Analysis by End User, 2016 to 2032
Figure 68: Europe Market Value Share (%) and BPS Analysis by End User, 2022 to 2032
Figure 69: Europe Market Y-o-Y Growth (%) Projections by End User, 2022 to 2032
Figure 70: Europe Market Attractiveness by Type, 2022 to 2032
Figure 71: Europe Market Attractiveness by End User, 2022 to 2032
Figure 72: Europe Market Attractiveness by Country, 2022 to 2032
Figure 73: Asia Pacific Market Value (US$ million) by Type, 2022 to 2032
Figure 74: Asia Pacific Market Value (US$ million) by End User, 2022 to 2032
Figure 75: Asia Pacific Market Value (US$ million) by Country, 2022 to 2032
Figure 76: Asia Pacific Market Value (US$ million) Analysis by Country, 2016 to 2032
Figure 77: Asia Pacific Market Volume (Units) Analysis by Country, 2016 to 2032
Figure 78: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 79: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 80: Asia Pacific Market Value (US$ million) Analysis by Type, 2016 to 2032
Figure 81: Asia Pacific Market Volume (Units) Analysis by Type, 2016 to 2032
Figure 82: Asia Pacific Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 83: Asia Pacific Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 84: Asia Pacific Market Value (US$ million) Analysis by End User, 2016 to 2032
Figure 85: Asia Pacific Market Volume (Units) Analysis by End User, 2016 to 2032
Figure 86: Asia Pacific Market Value Share (%) and BPS Analysis by End User, 2022 to 2032
Figure 87: Asia Pacific Market Y-o-Y Growth (%) Projections by End User, 2022 to 2032
Figure 88: Asia Pacific Market Attractiveness by Type, 2022 to 2032
Figure 89: Asia Pacific Market Attractiveness by End User, 2022 to 2032
Figure 90: Asia Pacific Market Attractiveness by Country, 2022 to 2032
Figure 91: MEA Market Value (US$ million) by Type, 2022 to 2032
Figure 92: MEA Market Value (US$ million) by End User, 2022 to 2032
Figure 93: MEA Market Value (US$ million) by Country, 2022 to 2032
Figure 94: MEA Market Value (US$ million) Analysis by Country, 2016 to 2032
Figure 95: MEA Market Volume (Units) Analysis by Country, 2016 to 2032
Figure 96: MEA Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 97: MEA Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 98: MEA Market Value (US$ million) Analysis by Type, 2016 to 2032
Figure 99: MEA Market Volume (Units) Analysis by Type, 2016 to 2032
Figure 100: MEA Market Value Share (%) and BPS Analysis by Type, 2022 to 2032
Figure 101: MEA Market Y-o-Y Growth (%) Projections by Type, 2022 to 2032
Figure 102: MEA Market Value (US$ million) Analysis by End User, 2016 to 2032
Figure 103: MEA Market Volume (Units) Analysis by End User, 2016 to 2032
Figure 104: MEA Market Value Share (%) and BPS Analysis by End User, 2022 to 2032
Figure 105: MEA Market Y-o-Y Growth (%) Projections by End User, 2022 to 2032
Figure 106: MEA Market Attractiveness by Type, 2022 to 2032
Figure 107: MEA Market Attractiveness by End User, 2022 to 2032
Figure 108: MEA Market Attractiveness by Country, 2022 to 2032
FMI projects the global mobile hotspot router market to expand at a 16.6% value CAGR by 2032
North America is expected to be the most opportunistic with a 38.6% share of the total mobile hotspot router market
Huawei Technologies Co., Ltd., Novatel Wireless, Inc., NETGEAR, TP-Link Technologies Co., Ltd., Belkin International, Inc. are some prominent mobile hotspot router, market manufacturers.
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