Overview:
In 2022, the global Mi-Fi Hotspot market declined 4.1% YoY, mostly due to a drop in COVID-19-induced demand and a decline in popularity among 4G LTE hotspots. Huawei led the market with a 23% share, followed by ZTE and Alcatel. The 5G mobile hotspot market jumped 88% YoY, with an uptick in demand for 5G hotspot devices delivering broadband-like speeds and lower-cost plans. North America and China are predicted to ship more 5G hotspots than 4G hotspots by 2023. The report analyses shipments of Mi-Fi (Hotspot), splitting them on ASPs and revenues, along with region, sales channel, cellular technology, and Wi-Fi technology split. It also includes an insight report that talks about various regional trends, vendor profiles, and market outlook.
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Author
Varun Gupta
Varun is a Research Analyst at Counterpoint Technology Market Research, specializing in eSIM, FWA, Broadband, IoT, emerging devices, and IP licensing. His role focuses on uncovering trends and opportunities within these dynamic sectors, leveraging his keen insights and industry experience to support the evolving needs of our clients. Prior to joining Counterpoint, Varun contributed to the consumer electronics field with Dyson, where he gained hands-on experience in market dynamics and product innovation. Based in Bangalore, he is passionate about exploring advancements across robotics, automobiles, and smartphones. He holds a Bachelor of Technology in Mechanical Engineering from Delhi College of Engineering.
