Technology & Telecommunications

Network Routers: Market Size, Growth & Forecast to 2030

The Network Routers market is valued at about $58.9 billion (2026) and is projected to grow at a 5.4% CAGR through 2030. The largest cost driver is Semiconductors and Application Specific ICs (35% of spend). North America leads demand at 38%.

Market size
$58.9 bn (2026)
CAGR to 2030
+5.4%
Buyer power
Favours buyers
Tracked suppliers
45
Projected market growth (index, 2026 = 100)
Base year 2026
Official data · Claight projectionForecast
Market size index, 2026 = 100, at the 5.4% CAGR.
Forecast
2026
2027
2028
2029
2030
2031
2026 base: 1002031 est: 130

Cost structure

Semiconductors and Application Specific ICs
35%
EMS Manufacturing and Printed Circuit Board Assembly
25%
Software Development and Firmware Licensing
20%
Logistics and Global Distribution
10%
Enclosures and Power Supply Components
10%

Regional demand split

North America demand
38%
Asia Pacific demand
32%
Europe demand
20%
Rest of world demand
10%

Key suppliers

Cisco Systems Inc.Huawei Technologies Co. Ltd.Hewlett Packard Enterprise Co.Nokia CorporationArista Networks Inc.ZTE Corporation
Read the full Network Routers report →

Claight market analysis of proprietary and public data. Full report: /category-intelligence/network-routers