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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.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
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]:
• 4G/LTE Connectivity
• 5G Connectivity
IoT Routers Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Industrial Automation
• Transportation
• Medical
• Smart Grid
• ATM
• Others
IoT Routers Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
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-
• Cisco
• MTX
• Cradlepoint
• Robustel
• Huawei
• Teltonika
• Shen Zhen Azroad Technology
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:
• Cisco
• MTX
• Cradlepoint
• Robustel
• Huawei
• Teltonika
• Shen Zhen Azroad Technology
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.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the IoT routers market by type (4G/LTE connectivity and 5G connectivity), application (industrial automation, transportation, medical, smart grid, ATM, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Iot Routers Market, Iot Routers Market Size, Iot Routers Market Growth, Iot Routers Market Analysis, Iot Routers Market Report, Iot Routers Market Share, Iot Routers Market Trends, Iot Routers Market Forecast, Iot Routers Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global IoT Routers Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global IoT Routers Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global IoT Routers Market by Type
3.3.1: 4G/LTE Connectivity
3.3.2: 5G Connectivity
3.4: Global IoT Routers Market by Application
3.4.1: Industrial Automation
3.4.2: Transportation
3.4.3: Medical
3.4.4: Smart Grid
3.4.5: ATM
3.4.6: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global IoT Routers Market by Region
4.2: North American IoT Routers Market
4.2.2: North American IoT Routers Market by Application: Industrial Automation, Transportation, Medical, Smart Grid, ATM, and Others
4.3: European IoT Routers Market
4.3.1: European IoT Routers Market by Type: 4G/LTE Connectivity and 5G Connectivity
4.3.2: European IoT Routers Market by Application: Industrial Automation, Transportation, Medical, Smart Grid, ATM, and Others
4.4: APAC IoT Routers Market
4.4.1: APAC IoT Routers Market by Type: 4G/LTE Connectivity and 5G Connectivity
4.4.2: APAC IoT Routers Market by Application: Industrial Automation, Transportation, Medical, Smart Grid, ATM, and Others
4.5: ROW IoT Routers Market
4.5.1: ROW IoT Routers Market by Type: 4G/LTE Connectivity and 5G Connectivity
4.5.2: ROW IoT Routers Market by Application: Industrial Automation, Transportation, Medical, Smart Grid, ATM, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global IoT Routers Market by Type
6.1.2: Growth Opportunities for the Global IoT Routers Market by Application
6.1.3: Growth Opportunities for the Global IoT Routers Market by Region
6.2: Emerging Trends in the Global IoT Routers Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global IoT Routers Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global IoT Routers Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Cisco
7.2: MTX
7.3: Cradlepoint
7.4: Robustel
7.5: Huawei
7.6: Teltonika
7.7: Shen Zhen azroad Technology
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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