Global Mobile Hotspot Router Market 2021 (Includes Business Impact of COVID-19)

  • TBI17833
  • September 16, 2021
  • Global
  • 149 pages
  • Market.US
                                          

Report updated on 11th September, 2021: Global Mobile Hotspot Router Market 2021 (Includes Business Impact of COVID-19)

Global Mobile Hotspot Router Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027 report has been recently generated by Trusted Business Insights. The global mobile hotspot router market report has been segmented on the basis of product type, end-user and region. Request Covid - 19 Impact The global Mobile Hotspot Router market size was valued at USD $ 6616.24 million in 2020 and is projected to reach $17057.15 million by 2030, and is anticipated to expand at a CAGR of 9.52% over the forecast period from 2020 to 2030.

Introduction:

Mobile hotspot routers are wireless devices connected with the help of 4G or 3G mobile connections, that offer high-speed internet services to its users. Mobile hotspot is a technological innovation in smartphones that permits the user to connect to the internet through the portable or wireless devices. Hotspot provides instant connectivity with the aid of cellular network providers. It helps to connect various gadgets such as laptops, mobiles, and computers to the network with simple, fast and convenient internet accessibility at any place. The range of a mobile hotspot router varies between 30 to 33 feet and it allows the users to get connected to several Wi-Fi compatible devices to a single router.

Dynamics:

The global mobile hotspot router market is estimated to register significant growth over the forecast period, owing to growing smartphone customer base, increasing demand for wireless broadband, and rising awareness of pay as you go business approach. Growing expansion of Wi-Fi compatible smart devices, rising trend of Wi-Fi access in conveyance services, increasing business travelers and business trips, and growing adoption of Long-Term Evolution (LTE) services are further expected to trigger demand for mobile hotspot routers, which in turn is expected to drive growth of the global mobile hotspot router market over the forecast period. In addition, growing inclination towards online services, and increasing investment in infrastructure (communication) are expected to augment growth of global mobile hotspot router market. Moreover, the increasing rise in data traffic is also expected to augment demand for wireless or mobile broadband services. An increasing number of mobile subscribers, especially smartphone users are to be accredited for the enormous rise in data traffic. However, security and authentication issues, inconsistency in network performance, limited signal range of Wi-Fi, and increasing accessibility of public hotspots are some of the restraining factors which are likely to hamper growth of the global mobile hotspot router market over the forecast period.

Analysis by Region:

The market in the Asia Pacific is currently dominating in the global mobile hotspot router market and is expected to continue its dominance over the forecast period. Growing population in developing economies, coupled with steadily increasing number of mobile subscribers and fast adoption of the internet in the region are expected to drive growth of the regional market in the Asia Pacific. Furthermore, rapid urbanization and industrialization in the region, coupled with government schemes digitalization and affordability of communication services, are expected to augment growth of the global market. India and China markets are among the largest mobile subscribers and therefore is expected to contribute majorly to global market revenue share. In addition, Europe market is also expected to grow at a significant rate owing to high adoption of Internet of Things (IoT) in the region.

Below are the active patents related to Mobile Hotspot Router Market.

Patent Number: US20160094515A1 Mobile hotspot managed by access controller Abstract Systems and methods are described for a mobile hotspot that can be managed from an access controller. According to an embodiment, a mobile establishes a wide area network (WAN) connection through a wireless WAN module and establishes a wireless local area network (WLAN) connection with a wireless fidelity (WiFi)-enabled device using a first wireless access point (AP) profile, wherein the first AP profile is also used for multiple APs of an enterprise that are controlled by an access controller (AC). The mobile hotspot sets up a secure tunnel with the AC through the WAN connection. After receiving WLAN traffic from the WiFi-enabled device through the WLAN connection, the WLAN traffic is transmitted to the AC through the secure tunnel. Application File Date: 2015-03-26 Application Granted Date: 2018-07-03 Current Assignee: Fortinet Inc Patent Number: US9294353B2 Configuring a wireless router Abstract A method for configuring a wireless router includes electronically reading information that is unique to the wireless router. A code is automatically generated from the information. The generated code is automatically set as one or more of a network name and a device password for the wireless route Application File Date: 2008-11-13 Application Granted Date: 2016-03-22 Current Assignee: Cradlepoint Inc Patent Number: US9699711B2 System, method and device for switching between WWAN and WLAN in a mobile wireless hotspot Abstract An apparatus comprises a first interface module configured to interface with one or more user devices through a wireless local area network (WLAN) connection; a second interface module configured to interface with a wireless communication network through a wireless wide area network (WWAN) connection; and a controller. The controller is configured to detect availability of carrier hotspots; if no carrier hotspot is detected, route traffic to and from the one or more user devices through the WWAN connection; and if a carrier hotspot is detected, route traffic to and from the one or more user devices through the detected carrier hotspot. Application File Date:2016-08-02 Application Granted Date: 2017-07-04 Current Assignee: Novatel Wireless Inc

Global Mobile Hotspot Router Market Segmentation:

Breakup by Type:
  • Standalone
  • Bundled
Breakup by End-User:
  • Domestic User
  • Commercial User
Breakup by Distribution Channel:
  • Multi-Brand Stores
  • Online Stores
  • Others

Key Market Players included in the report:

  • Alcatel-Lucent (Nokia Corporation)
  • Belkin International Inc. (Foxconn)
  • ConnecteDevice Ltd.
  • D-Link Corporation
  • Franklin Wireless Corp.
  • Huawei Technologies Co.Ltd.
  • Inseego Corp.
  • Internet on the Go
  • Karma Mobility Inc.
  • Netgear Inc.
  • Novatel Wireless Inc. (Inseego)
  • Samsung Electronics
  • Sierra Wireless
  • TCL Communication Limited
  • TP-Link Technologies Co.Ltd.
  • XCom Global Inc.
  • ZTE Corporation
  • Zyxel Communications Corp.

Below are the key development related to Mobile Hotspot Router Market in 2020 and 2021.

April 2021: Verizon recalls millions of hotspot devices due to fire hazard. Lithium-ion battery can overheat on 2.5 million Ellipsis Jetpack mobile hotspots. Verizon has recalled 2.5 million mobile hotspot devices because their lithium-ion batteries can overheat, causing a fire hazard. Verizon sold the Ellipsis Jetpack hotspot from April 2017 through March 2021. A U.S. Consumer Product Safety Commission recall notice noted some schools distributed these faulty hotspots to remote-learning students. Source September 2020: TravelWifi Acquires Jakarta-based Wifi Republic to Extend Global Footprint.  

Table of Contents
Chapter 1. Methodology and Scope                  1.1. Research Methodology                  1.2. Research Scope & Assumptions                  1.3. List of Data SourcesChapter 2. Executive SummaryChapter 3. Global Mobile Hotspot Router Market Outlook                  3.1. Market Segmentation                  3.2. Market Size and Growth Prospects, 2016 - 2027                  3.3. Value Chain Analysis                  3.4. Market Dynamics                      3.4.1. Market driver analysis                      3.4.2. Market restraint analysis        
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