PUBLISHER: Allied Market Research | PRODUCT CODE: 1344482
PUBLISHER: Allied Market Research | PRODUCT CODE: 1344482
According to a new report published by Allied Market Research, titled, "Wireless Industrial Router Market," The wireless industrial router market was valued at $7.9 billion in 2022, and is estimated to reach $14.7 billion by 2032, growing at a CAGR of 6.5% from 2023 to 2032.
Wireless industrial routers offer advanced network management capabilities. They allow administrators to configure, monitor, and control the network infrastructure efficiently. Remote management features enable administrators to access and manage routers from a central location, facilitating remote troubleshooting, firmware updates, and configuration changes. Network monitoring tools provide real-time visibility into network performance, traffic analysis, and device diagnostics.
The wireless industrial router market is expected to witness notable growth during the forecast period owing to surge in adoption of Industrial Internet of Things (IIoT), increase in demand for reliable secured connectivity, and growth in adoption of robotics technology in emerging countries. Moreover, advent of the 5G Network connectivity is expected to provide lucrative opportunities for the growth of the wireless industrial router market during the forecast period. On the contrary, the high investment and shortage of skilled IT professionals is the restraint for wireless industrial router market growth during the forecast period.
The Wireless industrial router market is segmented on the basis of type, frequency band, and region. On the basis of type, the market is bifurcated into modular routers, and non-modular routers. In 2022, the modular routers segment dominated the market, in terms of revenue, and it is expected to acquire major market share till 2032. On the basis of frequency band, the market is segregated into single band, dual band, and tri band. The dual band segment acquired the largest share in 2022 and tri band is expected to grow at a significant CAGR from 2023 to 2032.
Region-wise, the wireless industrial router market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competitive analysis and profiles of the major global wireless industrial router market players that have been provided in the report include Advantech, Alcatel-Lucent, ANTAIRA TECHNOLOGIES, LLC., Cisco, Four-Faith, HMS Networks, Moxa, Peplink, Queclink Wireless Solutions Co., Ltd., and Ruijie Networks Co., Ltd. The key strategies adopted by the major players of the wireless industrial router market are product launch, and product development