PUBLISHER: Lucintel | PRODUCT CODE: 1386997
PUBLISHER: Lucintel | PRODUCT CODE: 1386997
IoT Routers Trends and Forecast
The future of the global IoT routers market looks promising with opportunities in the industrial automation, transportation, medical, smart grid, and ATM markets. The global IoT routers market is expected to reach an estimated $6.8 billion by 2030 with a CAGR of 18.2% from 2024 to 2030. The major drivers for this market are growing number of internet users, increasing adopting IIOT for remote monitoring, and on-going development of smart city projects.
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IoT Routers by Segment
The study includes a forecast for the global IoT routers by type, application, and region.
IoT Routers Market by Type [Shipment Analysis by Value from 2018 to 2030]:
IoT Routers Market by Application [Shipment Analysis by Value from 2018 to 2030]:
IoT Routers Market by Region [Shipment Analysis by Value from 2018 to 2030]:
List of IoT Routers Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies IoT routers companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the IoT routers companies profiled in this report include-
IoT Routers Market Insights
Lucintel forecasts that 4G/LTE connectivity will remain the larger segment over the forecast period due as it is widely available and provides good coverage, thus making them ideal for a variety of IOT applications.
Within this market, industrial automation is expected to remain the largest segment due to rising demand for remote monitoring and control of machinery and equipment, and for data collection and analysis, and predictive maintenance.
APAC will remain the largest region during the forecast period due to increasing demand for IOT devices and solutions in a variety of industries, such as medical, transportation, and industrial applications.
Features of the Global IoT Routers Market
Market Size Estimates: Iot routers market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Iot routers market size by type, application, and region in terms of value ($B).
Regional Analysis: Iot routers market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the IoT routers market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the IoT routers market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q.1 What is the IoT routers market size?
Answer: The global IoT routers market is expected to reach an estimated $6.8 billion by 2030.
Q.2 What is the growth forecast for IoT routers market?
Answer: The global IoT routers market is expected to grow with a CAGR of 18.2% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the IoT routers market?
Answer: The major drivers for this market are growing number of internet users, increasing adopting IIOT for remote monitoring, and on-going development of smart city projects.
Q4. What are the major segments for IoT routers market?
Answer: The future of the IoT routers market looks promising with opportunities in the industrial automation, transportation, medical, smart grid, and ATM markets.
Q5. Who are the key IoT routers market companies?
Answer: Some of the key IoT routers companies are as follows:
Q6. Which IoT routers market segment will be the largest in future?
Answer: Lucintel forecasts that 4G/LTE connectivity will remain the larger segment over the forecast period due as it is widely available and provides good coverage, thus making them ideal for a variety of IOT applications.
Q7. In IoT routers market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region during the forecast period due to increasing demand for IOT devices and solutions in a variety of industries, such as medical, transportation, and industrial applications.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.