Global Industrial Routers Market : Industry Analysis and Forecast (2023-2029)

Global Industrial Routers Market is anticipated to reach US$ 5.77 Bn by 2029 from US$ 3.07 Bn in 2022 at a CAGR of 9.4% during a forecast period.

Global Industrial Routers Market Overview

Industrial routers are essential devices that are used daily by every firm or industry. They are critical in linking computer networks and the internet in industries. Routers provide a variety of functions, including industrial routing, which allows organizations to regulate position activities with more CPU capacity. These routers are coupled with security technologies to protect the infrastructure against any hacking threats.Global Industrial Routers MarketTo know about the Research Methodology :- Request Free Sample Report

Global Industrial Routers Market Dynamics

Industrial routers increase productivity across all industry verticals while lowering operating expenses. This is one of the most important factors driving the use of industrial routers in many industries. Besides, benefits such as the improved speed with minimum effort, the capacity to make smarter decisions, and considerably decreased negative impacts on the environment are expected to propel the global industrial routers market forward throughout the forecast period. In addition, the growing trend of high-speed internet access, the availability of smartphones, and economic affordability are all increasing demand for internet access, which is driving demand for industrial routers all around the globe. Another important reason driving the demand for industrial connection is the exponential growth in the use of IoT-enabled devices. IoT integration has resulted in significant interconnectivity characteristics across a variety of industrial sectors, including manufacturing. Global Industrial Routers Market Opportunities: The increasing adoption of robotics in various industrial operations is expected to create more opportunities for the growth of the industrial routers market. Manufacturers utilize remote access devices embedded in industrial robots for remote monitoring and maintenance. Users can connect to a robot using industrial routers. In 2022, about 0.258 billion industrial robots were deployed for operations, according to the World Robotics Organization. Also, many benefits provided by robots, such as higher efficiency, improved quality, better production, and reduced product waste, have spurred demand for robots in various industries, including automotive, electronics, chemicals, and food.

Global Industrial Routers Market Segmentation Analysis

By Product Type, in 2022, the wired industrial routers segment held the largest market share. The segment produced US$ xx billion in sales in 2022 and is expected to reach US$ xx billion by 2029. Various advantages provided by wired industrial routers, such as fast data transmission speed and better security, have raised the demand for wired industrial routers in various sectors like food and beverages, automotive, and electric and electronics, driving the market growth. For Example, Netgear Inc. released the 4G LTE ORBI Tri-band mesh Wi-Fi router in January 2020. ORBI 4G LTE may also be used in conjunction with current wired services to establish an internet connection that is backed up by 4G LTE in the event of a landline outage. Furthermore, ORRBI Mesh Wi-Fi Systems may be utilized with Netgear Armor, a cyber-security solution, to safeguard all internet-connected devices at home from viruses, malware, stolen passwords, identity theft, and hacking. The wireless industrial routers segment is expected to grow at a quicker rate during the forecast period. The internet industry's unpredictable growth, along with the demand for the adoption of smart devices such as tablets and smartphones, are the key growth possibilities driving demand for wireless industrial routers.

Global Market Regional Insights

In 2022, the North American region dominated the market, and it is expected to continue its dominance during the forecast period. North America produced sales of US$ xx billion in 2022 and is anticipated to reach US$ xx billion by 202529, growing at an annual rate of 9.5%. The United States and Canada are the key countries driving the Industrial Routers market in this region, accounting for approximately 75-80 percent of the market value. Over the forecast period, an increased focus on connected road infrastructure is expected to provide substantial growth potential for industrial routers. Europe is expected to grow at a faster pace during the forecast period due to the growing market for Internet of Things solutions. In Europe, Germany, the United Kingdom, France, Italy, Spain, and the Netherlands are at the forefront of IoT adoption. As a result, there has been a significant increase in demand for industrial routers throughout the region. The rise in demand for high-speed internet access in the industrial sector is largely responsible for the growth of the market.

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Global Industrial Routers Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 3.07 Bn.
Forecast Period 2023 to 2029 CAGR: 9.4% Market Size in 2029: US $ 5.77 Bn.
Segments Covered: by Product Type Wired Industrial Routers Wireless Industrial Routers
by Enterprise Size Small and Medium Enterprises (SMEs) Large Enterprises
by End User Industry Manufacturing Transportation Oil & Gas Food and Beverage Pharmaceuticals Others

Global Market by Region

Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) North America (United States, Canada and Mexico) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Global Industrial Routers Market Key Players

1. Alcatel-Lucent Enterprise 2. Juniper Networks Inc 3. ZTE Corporation 4. Netgear Inc 5. Huawei Technologies Co. Ltd 6. Cisco Systems Inc 7. Dell Technologies Inc 8. Inseego Corporation 9. Micromax Technology 10. Ericsson 11. HP 12. ASUSTeK Computer Inc 13. Netgear Inc 14. D-Link Corporation 15. Xiaomi Inc 16. TP-Link Technologies Co. Ltd 17. Advantech Co. Ltd

Frequently Asked Questions

1. What is the projected market size & growth rate of the Global Industrial Routers Market? Ans- Industrial Routers Market was valued at US$ 3.07 billion in 2022 and is projected to reach US$ 5.77 billion by 2029, growing at a CAGR of 9.4% during the forecast period. 2. What are the key driving factors for the growth of the Global Industrial Routers Market? Ans- Industrial routers increase productivity across all industry verticals while lowering operating expenses. This is one of the most important factors driving the use of industrial routers in many industries. Besides, benefits such as the improved speed with minimum effort, the capacity to make smarter decisions, and considerably decreased negative impacts on the environment are expected to propel the global industrial routers market forward throughout the forecast period. 3. Which region accounted for the largest Global Industrial Routers Market share? Ans- In 2022, the North American region dominated the market, and it is expected to continue its dominance during the forecast period. North America produced sales of US$ xx billion in 2022 and is anticipated to reach US$ xx billion by 2029, growing at an annual rate of 9.5%. The United States and Canada are the key countries driving the Industrial Routers market in this region, accounting for approximately 75-80 percent of the market value. 4. What makes Europe a Lucrative Market for the Global Industrial Routers Market? Ans- Europe is expected to grow at a faster pace during the forecast period due to the growing market for Internet of Things solutions. In Europe, Germany, the United Kingdom, France, Italy, Spain, and the Netherlands are at the forefront of IoT adoption. As a result, there has been a significant increase in demand for industrial routers throughout the region. The rise in demand for high-speed internet access in the industrial sector is largely responsible for the growth of the market. 5. What are the top players operating in the Global Industrial Routers Market? Ans- The major players operating in the Industrial Routers market include Alcatel-Lucent Enterprises, Juniper Networks Inc., Huawei Technologies Co. Ltd, ZTE Corporation, Netgear Inc., Cisco Systems Inc., Dell Technologies Inc, Inseego Corporation.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Industrial Routers Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Industrial Routers Market 3.4. Geographical Snapshot of the Industrial Routers Market , By Manufacturer share 4. Global Industrial Routers Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Industrial Routers Market 5. Supply Side and Demand Side Indicators 6. Global Industrial Routers Market Analysis and Forecast, 2022-2029 6.1. Global Industrial Routers Market Size & Y-o-Y Growth Analysis. 7. Global Industrial Routers Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 7.1.1. Wired Industrial Routers 7.1.2. Wireless Industrial Routers 7.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 7.2.1. Small and Medium Enterprises (SMEs) 7.2.2. Large Enterprises 7.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 7.3.1. Manufacturing 7.3.2. Transportation 7.3.3. Oil & Gas 7.3.4. Food and Beverage 7.3.5. Pharmaceuticals 7.3.6. Others 8. Global Industrial Routers Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Industrial Routers Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 9.1.1. Wired Industrial Routers 9.1.2. Wireless Industrial Routers 9.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 9.2.1. Small and Medium Enterprises (SMEs) 9.2.2. Large Enterprises 9.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 9.3.1. Manufacturing 9.3.2. Transportation 9.3.3. Oil & Gas 9.3.4. Food and Beverage 9.3.5. Pharmaceuticals 9.3.6. Others 10. North America Industrial Routers Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Industrial Routers Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 11.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 12. Canada Industrial Routers Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 12.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 13. Mexico Industrial Routers Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 13.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 14. Europe Industrial Routers Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 14.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 15. Europe Industrial Routers Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Industrial Routers Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 16.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 17. France Industrial Routers Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 17.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 18. Germany Industrial Routers Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 18.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 19. Italy Industrial Routers Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 19.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 20. Spain Industrial Routers Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 20.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 21. Sweden Industrial Routers Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 21.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 22. CIS Countries Industrial Routers Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 22.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 23. Rest of Europe Industrial Routers Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 23.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 24. Asia Pacific Industrial Routers Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 24.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 25. Asia Pacific Industrial Routers Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Industrial Routers Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 26.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 27. India Industrial Routers Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 27.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 28. Japan Industrial Routers Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 28.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 29. South Korea Industrial Routers Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 29.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 30. Australia Industrial Routers Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 30.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 31. ASEAN Industrial Routers Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 31.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 32. Rest of Asia Pacific Industrial Routers Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 32.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 33. Middle East Africa Industrial Routers Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 33.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 34. Middle East Africa Industrial Routers Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Industrial Routers Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 35.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 36. GCC Countries Industrial Routers Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 36.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 37. Egypt Industrial Routers Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 37.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 38. Nigeria Industrial Routers Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 38.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 39. Rest of ME&A Industrial Routers Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 39.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 40. South America Industrial Routers Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 40.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 41. South America Industrial Routers Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Industrial Routers Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 42.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 43. Argentina Industrial Routers Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 43.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 44. Rest of South America Industrial Routers Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Product Type, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Enterprise Size, 2022-2029 44.3. Market Size (Value) Estimates & Forecast By End User Industry, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Industrial Routers Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Ericsson 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. Alcatel-Lucent Enterprises 45.5. Juniper Networks Inc 45.6. Huawei Technologies Co. Ltd 45.7. ZTE Corporation 45.8. Netgear Inc 45.9. Cisco Systems Inc 45.10. Dell Technologies Inc 45.11. Inseego Corporation 45.12. Micromax Technology 45.13. Ericsson 45.14. HP 45.15. ASUSTeK Computer Inc 45.16. Netgear Inc 45.17. D-Link Corporation 45.18. Xiaomi Inc 45.19. TP-Link Technologies Co. Ltd 45.20. Advantech Co. Ltd 46. Primary Key Insights

About This Report

Report ID 114968
Category Electronics
Published Date July 2023
Updated Date
  • INQUIRE BEFORE BUYING