IoT Routers Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2030

Description

Persistence Market Research has recently released a comprehensive report on the worldwide IoT Routers Market. Such substantial growth underscores the increasing importance and adoption of IoT routers across various industries worldwide, highlighting their pivotal role in enabling seamless communication and data exchange among interconnected devices. As organizations continue to embrace IoT technology to enhance operational efficiency, optimize processes, and gain valuable insights from data, the demand for reliable and efficient IoT routers is expected to surge, driving market expansion.

The global IoT routers market is forecasted to experience robust growth over the forecast period, with an anticipated compound annual growth rate (CAGR) of 7.4% from 2023 to 2030. This trajectory suggests significant expansion, ultimately propelling the market's value to reach an estimated US$3.8 billion by the end of 2030.

Key Insights

IoT Routers Market Size (2023E): US$2.3 billion

Projected Market Value (2030F): US$3.8 billion

Global Market Growth Rate (CAGR 2023 to 2030): 7.4%

Historical Market Growth Rate (CAGR 2018 to 2022): 6.0%

IoT Routers Market- Report Scope

The IoT Routers Market report provides a comprehensive analysis of market dynamics, focusing on historical trends and future projections. Delving into the nuances of last-mile delivery software reveals a multifaceted landscape of technological solutions designed to address the intricacies of final-stage logistics. From communication platforms facilitating real-time updates to route optimization algorithms enhancing delivery efficiency, these software solutions offer a comprehensive toolkit for businesses seeking to streamline their last-mile operations and stay ahead in a competitive market.

Market Growth Drivers for IoT Routers Market:

The rapid proliferation of IoT technology across sectors such as manufacturing, healthcare, transportation, and smart cities stands as a primary driver propelling the growth of the IoT routers market. Industries worldwide are increasingly adopting IoT solutions to optimize operations, monitor assets in real-time, and leverage data analytics for informed decision-making. As IoT deployments become more widespread and complex, the need for robust communication infrastructure, where IoT routers play a critical role, becomes paramount. Additionally, technological advancements such as 5G networks, edge computing, and low-power wide-area networks (LPWAN) further fuel market growth by enabling faster data transfer, reduced latency, and increased network capacity, thereby driving the demand for advanced IoT routers capable of meeting evolving connectivity needs.

Market Restraints

Despite the promising growth prospects, the IoT routers market faces significant challenges, particularly concerning security concerns and cyber threats. The interconnected nature of IoT ecosystems creates a vast attack surface for malicious actors, increasing the risk of unauthorized access, data breaches, and cyberattacks. IoT routers, serving as central components in managing data traffic and communication between devices, become prime targets for exploitation. Addressing these security challenges effectively is crucial for fostering trust and confidence in IoT deployments, necessitating the integration of advanced security protocols into IoT routers to safeguard sensitive information and mitigate risks.

Market Opportunities

Amidst the challenges lie opportunities for innovation and advancement within the IoT routers market. Integration of advanced security features such as robust encryption, authentication mechanisms, and intrusion detection systems presents a lucrative avenue for revenue growth. By enhancing the security posture of IoT routers, manufacturers can effectively address evolving cyber threats and position their products as trusted guardians of data integrity within IoT ecosystems. Additionally, the integration of transformative technologies like edge computing and the widespread adoption of 5G networks offer opportunities to enhance efficiency and connectivity, driving further market growth.

Key Questions Answered in Report::

What is the Forecast CAGR of IoT Routers Market in 2030?
What is the Global Market Size of IoT Routers as of the End of 2023?
Which Country Held the Largest Market Share in 2023?
Who are the Key Players in the Global IoT Routers Market?
Which is the Fastest-growing Segment in the Market Based on the Connectivity Type?

Competitive Intelligence and Business Strategy

In navigating this dynamic landscape, competitive intelligence and strategic business initiatives play a pivotal role for companies seeking to differentiate themselves and capitalize on emerging opportunities. Understanding market trends, competitor activities, and emerging technologies is essential for informed decision-making in product development, pricing strategies, and market positioning. Moreover, strategic collaborations and partnerships enable companies to enhance their product portfolios, expand their global reach, and stay ahead in a fiercely competitive market.

Key Companies Profiled
C&D Technologies Inc.
Trojan Battery

Crown Battery Manufacturing Co.

East Penn Manufacturing Co. Inc.

S. Battery Manufacturing Company

Johnson Controls International Plc

EnerSys

EverExceed Industrial Co. Ltd.

Exide Technologies
Rolls Battery
GS Yuasa Corp.
HBL Power Systems Ltd.

IoT Routers Market Research Segmentation

Market segmentation based on router type, connectivity type, end-user industry, and region provides valuable insights into key market segments and regional dynamics, enabling companies to tailor their offerings to specific customer needs and preferences. By understanding the unique requirements of different industries and regions, companies can develop targeted strategies to address market demands effectively, thereby gaining a competitive edge and driving growth in the IoT routers market.

IoT routers market Research Segmentation

By Router Type:
Edge Routers
Gateway Routers
Cloud-Based Routers
Industrial Routers
By Connectivity Type:
4G/5G
Wi-Fi
Ethernet
LPWAN
By End Use:
Healthcare
Manufacturing
Transportation
Smart Cities
Misc
By Region:
North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP33648

1. Executive Summary

1.1. Global IoT Routers Market Snapshot, 2023 and 2030
1.2. Market Opportunity Assessment, 2023 - 2030, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Router Type Lifecycle Analysis
2.4. IoT Routers Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
2.5. Porter Five Force's Analysis
2.6. Geopolitical Tensions: Market Impact
2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
2.8. Forecast Factors - Relevance and Impact
2.9. Regulatory and Technology Landscape

3. Global IoT Routers Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2013-2016
- 3.2.2. Current Market Size Forecast, 2018-2026
3.3. Global IoT Routers Market Outlook: Router Type
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Router Type, 2018 - 2022
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Router Type, 2023 - 2030
  - 3.3.3.1. Edge Routers
  - 3.3.3.2. Gateway Routers
  - 3.3.3.3. Cloud-Based Routers
  - 3.3.3.4. Industrial Routers
3.4. Market Attractiveness Analysis: Router Type
3.5. Global IoT Routers Market Outlook: Connectivity Type
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Connectivity Type, 2018 - 2022
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Connectivity Type, 2023 - 2030
  - 3.5.3.1. 4G/5G
  - 3.5.3.2. Wi-Fi
  - 3.5.3.3. Ethernet
  - 3.5.3.4. LPWAN
3.6. Market Attractiveness Analysis: Connectivity Type
3.7. Global IoT Routers Market Outlook: End-use Industry
- 3.7.1. Introduction / Key Findings
- 3.7.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By End-use Industry, 2018 - 2022
- 3.7.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2023 - 2030
  - 3.7.3.1. Healthcare
  - 3.7.3.2. Manufacturing
  - 3.7.3.3. Transportation
  - 3.7.3.4. Smart Cities
  - 3.7.3.5. Misc
3.8. Market Attractiveness Analysis: End-use Industry

4. Global IoT Routers Market Outlook: Region

4.1. Key Highlights
4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2018 - 2022
4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2023 - 2030
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
4.4. Market Attractiveness Analysis: Region

5. North America IoT Routers Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 5.3.1. By Country
- 5.3.2. By Router Type
- 5.3.3. By Connectivity Type
- 5.3.4. By End-use Industry
5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Router Type, 2023 - 2030
- 5.5.1. Edge Routers
- 5.5.2. Gateway Routers
- 5.5.3. Cloud-Based Routers
- 5.5.4. Industrial Routers
5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Connectivity Type, 2023 - 2030
- 5.6.1. 4G/5G
- 5.6.2. Wi-Fi
- 5.6.3. Ethernet
- 5.6.4. LPWAN
5.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2023 - 2030
- 5.7.1. Healthcare
- 5.7.2. Manufacturing
- 5.7.3. Transportation
- 5.7.4. Smart Cities
- 5.7.5. Misc.

6. Europe IoT Routers Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 6.3.1. By Country
- 6.3.2. By Router Type
- 6.3.3. By Connectivity Type
- 6.3.4. By End-use Industry
6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Turkey
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Router Type, 2023 - 2030
- 6.5.1. Edge Routers
- 6.5.2. Gateway Routers
- 6.5.3. Cloud-Based Routers
- 6.5.4. Industrial Routers
6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Connectivity Type, 2023 - 2030
- 6.6.1. 4G/5G
- 6.6.2. Wi-Fi
- 6.6.3. Ethernet
- 6.6.4. LPWAN
6.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2023 - 2030
- 6.7.1. Healthcare
- 6.7.2. Manufacturing
- 6.7.3. Transportation
- 6.7.4. Smart Cities
- 6.7.5. Misc

7. East Asia IoT Routers Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 7.3.1. By Country
- 7.3.2. By Router Type
- 7.3.3. By Connectivity Type
- 7.3.4. By End-use Industry
7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Router Type, 2023 - 2030
- 7.5.1. Edge Routers
- 7.5.2. Gateway Routers
- 7.5.3. Cloud-Based Routers
- 7.5.4. Industrial Routers
7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Connectivity Type, 2023 - 2030
- 7.6.1. 4G/5G
- 7.6.2. Wi-Fi
- 7.6.3. Ethernet
- 7.6.4. LPWAN
7.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2023 - 2030
- 7.7.1. Healthcare
- 7.7.2. Manufacturing
- 7.7.3. Transportation
- 7.7.4. Smart Cities
- 7.7.5. Misc

8. South Asia & Oceania IoT Routers Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 8.3.1. By Country
- 8.3.2. By Router Type
- 8.3.3. By Connectivity Type
- 8.3.4. By End-use Industry
8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Router Type, 2023 - 2030
- 8.5.1. Edge Routers
- 8.5.2. Gateway Routers
- 8.5.3. Cloud-Based Routers
- 8.5.4. Industrial Routers
8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Connectivity Type, 2023 - 2030
- 8.6.1. 4G/5G
- 8.6.2. Wi-Fi
- 8.6.3. Ethernet
- 8.6.4. LPWAN
8.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2023 - 2030
- 8.7.1. Healthcare
- 8.7.2. Manufacturing
- 8.7.3. Transportation
- 8.7.4. Smart Cities
- 8.7.5. Misc

9. Latin America IoT Routers Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 9.3.1. By Country
- 9.3.2. By Router Type
- 9.3.3. By Connectivity Type
- 9.3.4. By End-use Industry
9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Router Type, 2023 - 2030
- 9.5.1. Edge Routers
- 9.5.2. Gateway Routers
- 9.5.3. Cloud-Based Routers
- 9.5.4. Industrial Routers
9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Connectivity Type, 2023 - 2030
- 9.6.1. 4G/5G
- 9.6.2. Wi-Fi
- 9.6.3. Ethernet
- 9.6.4. LPWAN
9.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2023 - 2030
- 9.7.1. Healthcare
- 9.7.2. Manufacturing
- 9.7.3. Transportation
- 9.7.4. Smart Cities
- 9.7.5. Misc.

10. Middle East & Africa IoT Routers Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 10.3.1. By Country
- 10.3.2. By Router Type
- 10.3.3. By Connectivity Type
- 10.3.4. By End-use Industry
10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Router Type, 2023 - 2030
- 10.5.1. Edge Routers
- 10.5.2. Gateway Routers
- 10.5.3. Cloud-Based Routers
- 10.5.4. Industrial Routers
10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Connectivity Type, 2023 - 2030
- 10.6.1. 4G/5G
- 10.6.2. Wi-Fi
- 10.6.3. Ethernet
- 10.6.4. LPWAN
10.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2023 - 2030
- 10.7.1. Healthcare
- 10.7.2. Manufacturing
- 10.7.3. Transportation
- 10.7.4. Smart Cities
- 10.7.5. Misc.

11. Competition Landscape

11.1. Market Share Analysis, 2022
11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Gateway Routers
- 11.2.3. Apparent Product Capacity
11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. C&D Technologies Inc.
  - 11.3.1.1. Overview
  - 11.3.1.2. Segments and Product
  - 11.3.1.3. Key Financials
  - 11.3.1.4. Market Developments
  - 11.3.1.5. Market Strategy
- 11.3.2. Trojan Battery
  - 11.3.2.1. Overview
  - 11.3.2.2. Segments and Product
  - 11.3.2.3. Key Financials
  - 11.3.2.4. Market Developments
  - 11.3.2.5. Market Strategy
- 11.3.3. Crown Battery Manufacturing Co.
  - 11.3.3.1. Overview
  - 11.3.3.2. Segments and Product
  - 11.3.3.3. Key Financials
  - 11.3.3.4. Market Developments
  - 11.3.3.5. Market Strategy
- 11.3.4. East Penn Manufacturing Co. Inc.
  - 11.3.4.1. Overview
  - 11.3.4.2. Segments and Product
  - 11.3.4.3. Key Financials
  - 11.3.4.4. Market Developments
  - 11.3.4.5. Market Strategy
- 11.3.5. S. Battery Manufacturing Company
  - 11.3.5.1. Overview
  - 11.3.5.2. Segments and Product
  - 11.3.5.3. Key Financials
  - 11.3.5.4. Market Developments
  - 11.3.5.5. Market Strategy
- 11.3.6. Johnson Controls International Plc.
  - 11.3.6.1. Overview
  - 11.3.6.2. Segments and Product
  - 11.3.6.3. Key Financials
  - 11.3.6.4. Market Developments
  - 11.3.6.5. Market Strategy
- 11.3.7. EnerSys
  - 11.3.7.1. Overview
  - 11.3.7.2. Segments and Product
  - 11.3.7.3. Key Financials
  - 11.3.7.4. Market Developments
  - 11.3.7.5. Market Strategy
- 11.3.8. Ever Exceed Industrial Co. Ltd.
  - 11.3.8.1. Overview
  - 11.3.8.2. Segments and Product
  - 11.3.8.3. Key Financials
  - 11.3.8.4. Market Developments
  - 11.3.8.5. Market Strategy
- 11.3.9. Exide Technologies
  - 11.3.9.1. Overview
  - 11.3.9.2. Segments and Product
  - 11.3.9.3. Key Financials
  - 11.3.9.4. Market Developments
  - 11.3.9.5. Market Strategy
- 11.3.10. Rolls Battery
  - 11.3.10.1. Overview
  - 11.3.10.2. Segments and Product
  - 11.3.10.3. Key Financials
  - 11.3.10.4. Market Developments
  - 11.3.10.5. Market Strategy
- 11.3.11. GS Yuasa Corp.
  - 11.3.11.1. Overview
  - 11.3.11.2. Segments and Product
  - 11.3.11.3. Key Financials
  - 11.3.11.4. Market Developments
  - 11.3.11.5. Market Strategy
- 11.3.12. HBL Power Systems Ltd.
  - 11.3.12.1. Overview
  - 11.3.12.2. Segments and Product
  - 11.3.12.3. Key Financials
  - 11.3.12.4. Market Developments
  - 11.3.12.5. Market Strategy

12. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations