Wireless Broadband CPE Market 2024 : Foreseen To Grow Exponentially Over 2024

May 10, 2021

Wireless broadband customer-provided equipment or customer-premises equipment (CPE) is used to perform the function of connecting wireless users to a wired router or wired WLAN controller.
A wireless broadband CPE is connected with a carrier’s telecommunication circuit at the demarcation point and located at a subscriber’s premises. The wireless broadband CPE enables consumers to access the provider’s communication services and distribute them in a residence or enterprise with a local area network (LAN).
Wireless broadband CPE generally refers to devices such as routers, telephones, network switches, set-top boxes, residential gateways (RG), fixed mobile convergence products, Internet access gateways, and home networking adapters.
The global wireless broadband CPE market is projected to expand at a rapid pace during the forecast period, due to increasing advancement in the telecommunication sector across the globe.

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Surge in demand for extended network coverage among end-users is a major factor likely to accelerate the wireless broadband CPE market in the next few years.
Additionally, increasing digitalization in various sectors is projected to boost the demand for wireless broadband CPE across the globe.
Rise in demand for better communication to accomplish a broad range of activities in a more efficient and informed manner across the globe is estimated to boost the growth of the wireless broadband CPE market during the forecast period.
Increasing adoption of smart technologies, distributed applications, and advent of 5G is anticipated to boost the wireless broadband CPE market.
Currently, various sectors are focused on wireless technologies, which is expected to create new opportunities for the wireless broadband CPE market during the forecast period.
However, technology fragmentation and strong competition from low power wide area network (LPWAN) technologies is a major factor projected to hinder the global wireless broadband CPE market in the next few years.

Increasing cases of COVID-19 across the globe is resulting in economic slowdown. Businesses have been adversely impacted in most countries due to partial or full lockdown and are therefore turning to alternate solutions to run their business. Internet is the main component to run a business remotely. Hence, demand for wireless broadband CPE is expected to increase during the COVID-19 pandemic. This in turn is projected to boost the market in the next few years.

In terms of region, the global wireless broadband CPE market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
North America dominated the global wireless broadband CPE market in 2024. The U.S. is the key market in the region due to the increasing adoption of wireless broadband CPE among end-users. In the U.S., around 60% of households have internet connection.
The wireless broadband CPE market in Asia Pacific is projected to expand at a rapid pace during the forecast period. This can be attributed to increasing digitalization, and rising number of smart cities and smart infrastructure projects across China, Japan, and India in the region.

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