IoT Routers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031

Description

The global Internet of Things (IoT) routers market is poised for remarkable growth, with projections indicating an expansion at a CAGR of 7.2%. The market value, estimated at USD 2.47 billion in 2024, is expected to reach USD 4.02 billion by 2031. IoT routers serve as the backbone of interconnected devices, facilitating seamless data flow between IoT endpoints and ensuring secure, reliable connectivity across diverse applications.

IoT routers are integral to establishing scalable and robust network infrastructures capable of managing the exponential data volumes generated by IoT devices. They function as gateways for data transmission and reception, equipped with advanced security features to protect sensitive information. The burgeoning adoption of IoT across industries such as healthcare, manufacturing, and smart cities underscores the critical role of routers in ensuring reliable connectivity.

Technological advancements, such as 5G integration and edge computing, are revolutionizing the capabilities of IoT routers, opening new avenues for market innovation and growth.

Market Growth Drivers

1.Surge in IoT Adoption Across Industries:

IoT devices are transforming industries by enhancing operational efficiency, enabling real-time monitoring, and generating actionable insights.
Industries like healthcare, transportation, and manufacturing are increasingly adopting IoT devices, driving demand for efficient communication infrastructure like IoT routers.

2.Technological Advancements in Connectivity:

Emerging technologies like 5G, low-power wide-area networks (LPWAN), and edge computing necessitate advanced routers capable of supporting faster data transfer, reduced latency, and increased network capacity.
IoT routers are at the forefront of enabling these next-generation IoT applications.

Market Restraints

1.Security Concerns and Cyber Threats:

The interconnected nature of IoT ecosystems increases the vulnerability to cyberattacks, unauthorized access, and data breaches.
IoT routers, being critical nodes in data transmission, are prime targets for cyber threats, necessitating robust security measures.

2.Cost and Scalability Challenges:

The need for cost-effective and scalable solutions remains a key challenge for IoT router manufacturers.
Developing routers that cater to diverse applications while maintaining affordability is a pressing market restraint.

Opportunities

1.Integration of Advanced Security Protocols:

Enhanced security features such as end-to-end encryption, secure boot mechanisms, and intrusion detection systems present significant growth opportunities.
Manufacturers focusing on robust security protocols can address rising concerns and foster greater adoption.

2.Scalability and Interoperability:

IoT routers with seamless integration capabilities across various IoT devices and platforms can cater to diverse industries, from healthcare to smart cities.
Scalable solutions ensure adaptability to different IoT environments, driving market expansion.

Regional Analysis

1.Europe:

Europe leads the IoT routers market, driven by proactive government initiatives such as the Digital Single Market (DSM) and a strong focus on IoT technology adoption.
Supportive regulations and data privacy policies align with the growing demand for IoT routers across various sectors.

2.South Asia and Pacific:

Government-backed smart city projects in South Asia and the Pacific region are accelerating the adoption of IoT routers.
Investments in creating connected ecosystems position the region as a pivotal hub for IoT infrastructure development.

Competitive Analysis

The IoT routers market is marked by intense competition, with key players leveraging competitive intelligence to stay ahead. Strategies include product innovation, partnerships, and market positioning to cater to industry-specific needs.

Key Players in the Market Include:

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 Segmentation

1.By Router Type:

Edge Routers
Gateway Routers
Cloud-Based Routers
Industrial Routers

2.By Connectivity Type:

4G/5G
Wi-Fi
Ethernet
LPWAN

3.By End Use:

Healthcare
Manufacturing
Transportation
Smart Cities

4.By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

1. Executive Summary

1.1. Global IoT Routers Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global IoT Routers Market Outlook, 2019 - 2031

3.1. Global IoT Routers Market Outlook, by Router Type, Value (US$ Bn), 2019 - 2031
- 3.1.1. Key Highlights
  - 3.1.1.1. Edge Routers
  - 3.1.1.2. Gateway Routers
  - 3.1.1.3. Cloud-Based Routers
  - 3.1.1.4. Industrial Routers
3.2. Global IoT Routers Market Outlook, by Connectivity Type, Value (US$ Bn), 2019 - 2031
- 3.2.1. Key Highlights
  - 3.2.1.1. 4G/5G
  - 3.2.1.2. Wi-Fi
  - 3.2.1.3. Ethernet
  - 3.2.1.4. LPWAN
3.3. Global IoT Routers Market Outlook, by End Use, Value (US$ Bn), 2019 - 2031
- 3.3.1. Key Highlights
  - 3.3.1.1. Healthcare
  - 3.3.1.2. Manufacturing
  - 3.3.1.3. Transportation
  - 3.3.1.4. Smart Cities
  - 3.3.1.5. Misc
3.4. Global IoT Routers Market Outlook, by Region, Value (US$ Bn), 2019 - 2031
- 3.4.1. Key Highlights
  - 3.4.1.1. North America
  - 3.4.1.2. Europe
  - 3.4.1.3. Asia Pacific
  - 3.4.1.4. Latin America
  - 3.4.1.5. Middle East & Africa

4. North America IoT Routers Market Outlook, 2019 - 2031

4.1. North America IoT Routers Market Outlook, by Router Type, Value (US$ Bn), 2019 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Edge Routers
  - 4.1.1.2. Gateway Routers
  - 4.1.1.3. Cloud-Based Routers
  - 4.1.1.4. Industrial Routers
4.2. North America IoT Routers Market Outlook, by Connectivity Type, Value (US$ Bn), 2019 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. 4G/5G
  - 4.2.1.2. Wi-Fi
  - 4.2.1.3. Ethernet
  - 4.2.1.4. LPWAN
4.3. North America IoT Routers Market Outlook, by End Use, Value (US$ Bn), 2019 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. Healthcare
  - 4.3.1.2. Manufacturing
  - 4.3.1.3. Transportation
  - 4.3.1.4. Smart Cities
  - 4.3.1.5. Misc
- 4.3.2. BPS Analysis/Market Attractiveness Analysis
4.4. North America IoT Routers Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
- 4.4.1. Key Highlights
  - 4.4.1.1. U.S. IoT Routers Market by Router Type, Value (US$ Bn), 2019 - 2031
  - 4.4.1.2. U.S. IoT Routers Market by Connectivity Type, Value (US$ Bn), 2019 - 2031
  - 4.4.1.3. U.S. IoT Routers Market by End Use, Value (US$ Bn), 2019 - 2031
  - 4.4.1.4. Canada IoT Routers Market by Router Type, Value (US$ Bn), 2019 - 2031
  - 4.4.1.5. Canada IoT Routers Market by Connectivity Type, Value (US$ Bn), 2019 - 2031
  - 4.4.1.6. Canada IoT Routers Market by End Use, Value (US$ Bn), 2019 - 2031
- 4.4.2. BPS Analysis/Market Attractiveness Analysis

5. Europe IoT Routers Market Outlook, 2019 - 2031

5.1. Europe IoT Routers Market Outlook, by Router Type, Value (US$ Bn), 2019 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Edge Routers
  - 5.1.1.2. Gateway Routers
  - 5.1.1.3. Cloud-Based Routers
  - 5.1.1.4. Industrial Routers
5.2. Europe IoT Routers Market Outlook, by Connectivity Type, Value (US$ Bn), 2019 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. 4G/5G
  - 5.2.1.2. Wi-Fi
  - 5.2.1.3. Ethernet
  - 5.2.1.4. LPWAN
5.3. Europe IoT Routers Market Outlook, by End Use, Value (US$ Bn), 2019 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Healthcare
  - 5.3.1.2. Manufacturing
  - 5.3.1.3. Transportation
  - 5.3.1.4. Smart Cities
  - 5.3.1.5. Misc
- 5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Europe IoT Routers Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
- 5.4.1. Key Highlights
  - 5.4.1.1. Germany IoT Routers Market by Router Type, Value (US$ Bn), 2019 - 2031
  - 5.4.1.2. Germany IoT Routers Market by Connectivity Type, Value (US$ Bn), 2019 - 2031
  - 5.4.1.3. Germany IoT Routers Market by End Use, Value (US$ Bn), 2019 - 2031
  - 5.4.1.4. U.K. IoT Routers Market by Router Type, Value (US$ Bn), 2019 - 2031
  - 5.4.1.5. U.K. IoT Routers Market by Connectivity Type, Value (US$ Bn), 2019 - 2031
  - 5.4.1.6. U.K. IoT Routers Market by End Use, Value (US$ Bn), 2019 - 2031
  - 5.4.1.7. France IoT Routers Market by Router Type, Value (US$ Bn), 2019 - 2031
  - 5.4.1.8. France IoT Routers Market by Connectivity Type, Value (US$ Bn), 2019 - 2031
  - 5.4.1.9. France IoT Routers Market by End Use, Value (US$ Bn), 2019 - 2031
  - 5.4.1.10. Italy IoT Routers Market by Router Type, Value (US$ Bn), 2019 - 2031
  - 5.4.1.11. Italy IoT Routers Market by Connectivity Type, Value (US$ Bn), 2019 - 2031
  - 5.4.1.12. Italy IoT Routers Market by End Use, Value (US$ Bn), 2019 - 2031
  - 5.4.1.13. Turkey IoT Routers Market by Router Type, Value (US$ Bn), 2019 - 2031
  - 5.4.1.14. Turkey IoT Routers Market by Connectivity Type, Value (US$ Bn), 2019 - 2031
  - 5.4.1.15. Turkey IoT Routers Market by End Use, Value (US$ Bn), 2019 - 2031
  - 5.4.1.16. Russia IoT Routers Market by Router Type, Value (US$ Bn), 2019 - 2031
  - 5.4.1.17. Russia IoT Routers Market by Connectivity Type, Value (US$ Bn), 2019 - 2031
  - 5.4.1.18. Russia IoT Routers Market by End Use, Value (US$ Bn), 2019 - 2031
  - 5.4.1.19. Rest of Europe IoT Routers Market by Router Type, Value (US$ Bn), 2019 - 2031
  - 5.4.1.20. Rest of Europe IoT Routers Market by Connectivity Type, Value (US$ Bn), 2019 - 2031
  - 5.4.1.21. Rest of Europe IoT Routers Market by End Use, Value (US$ Bn), 2019 - 2031
- 5.4.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific IoT Routers Market Outlook, 2019 - 2031

6.1. Asia Pacific IoT Routers Market Outlook, by Router Type, Value (US$ Bn), 2019 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Edge Routers
  - 6.1.1.2. Gateway Routers
  - 6.1.1.3. Cloud-Based Routers
  - 6.1.1.4. Industrial Routers
6.2. Asia Pacific IoT Routers Market Outlook, by Connectivity Type, Value (US$ Bn), 2019 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. 4G/5G
  - 6.2.1.2. Wi-Fi
  - 6.2.1.3. Ethernet
  - 6.2.1.4. LPWAN
6.3. Asia Pacific IoT Routers Market Outlook, by End Use, Value (US$ Bn), 2019 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. Healthcare
  - 6.3.1.2. Manufacturing
  - 6.3.1.3. Transportation
  - 6.3.1.4. Smart Cities
  - 6.3.1.5. Misc
- 6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. Asia Pacific IoT Routers Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
- 6.4.1. Key Highlights
  - 6.4.1.1. China IoT Routers Market by Router Type, Value (US$ Bn), 2019 - 2031
  - 6.4.1.2. China IoT Routers Market by Connectivity Type, Value (US$ Bn), 2019 - 2031
  - 6.4.1.3. China IoT Routers Market by End Use, Value (US$ Bn), 2019 - 2031
  - 6.4.1.4. Japan IoT Routers Market by Router Type, Value (US$ Bn), 2019 - 2031
  - 6.4.1.5. Japan IoT Routers Market by Connectivity Type, Value (US$ Bn), 2019 - 2031
  - 6.4.1.6. Japan IoT Routers Market by End Use, Value (US$ Bn), 2019 - 2031
  - 6.4.1.7. South Korea IoT Routers Market by Router Type, Value (US$ Bn), 2019 - 2031
  - 6.4.1.8. South Korea IoT Routers Market by Connectivity Type, Value (US$ Bn), 2019 - 2031
  - 6.4.1.9. South Korea IoT Routers Market by End Use, Value (US$ Bn), 2019 - 2031
  - 6.4.1.10. India IoT Routers Market by Router Type, Value (US$ Bn), 2019 - 2031
  - 6.4.1.11. India IoT Routers Market by Connectivity Type, Value (US$ Bn), 2019 - 2031
  - 6.4.1.12. India IoT Routers Market by End Use, Value (US$ Bn), 2019 - 2031
  - 6.4.1.13. Southeast Asia IoT Routers Market by Router Type, Value (US$ Bn), 2019 - 2031
  - 6.4.1.14. Southeast Asia IoT Routers Market by Connectivity Type, Value (US$ Bn), 2019 - 2031
  - 6.4.1.15. Southeast Asia IoT Routers Market by End Use, Value (US$ Bn), 2019 - 2031
  - 6.4.1.16. Rest of Asia Pacific IoT Routers Market by Router Type, Value (US$ Bn), 2019 - 2031
  - 6.4.1.17. Rest of Asia Pacific IoT Routers Market by Connectivity Type, Value (US$ Bn), 2019 - 2031
  - 6.4.1.18. Rest of Asia Pacific IoT Routers Market by End Use, Value (US$ Bn), 2019 - 2031
- 6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America IoT Routers Market Outlook, 2019 - 2031

7.1. Latin America IoT Routers Market Outlook, by Router Type, Value (US$ Bn), 2019 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Edge Routers
  - 7.1.1.2. Gateway Routers
  - 7.1.1.3. Cloud-Based Routers
  - 7.1.1.4. Industrial Routers
7.2. Latin America IoT Routers Market Outlook, by Connectivity Type, Value (US$ Bn), 2019 - 2031
7.3. Latin America IoT Routers Market Outlook, by End Use, Value (US$ Bn), 2019 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Healthcare
  - 7.3.1.2. Manufacturing
  - 7.3.1.3. Transportation
  - 7.3.1.4. Smart Cities
  - 7.3.1.5. Misc
- 7.3.2. BPS Analysis/Market Attractiveness Analysis
7.4. Latin America IoT Routers Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
- 7.4.1. Key Highlights
  - 7.4.1.1. Brazil IoT Routers Market by Router Type, Value (US$ Bn), 2019 - 2031
  - 7.4.1.2. Brazil IoT Routers Market by Connectivity Type, Value (US$ Bn), 2019 - 2031
  - 7.4.1.3. Brazil IoT Routers Market by End Use, Value (US$ Bn), 2019 - 2031
  - 7.4.1.4. Mexico IoT Routers Market by Router Type, Value (US$ Bn), 2019 - 2031
  - 7.4.1.5. Mexico IoT Routers Market by Connectivity Type, Value (US$ Bn), 2019 - 2031
  - 7.4.1.6. Mexico IoT Routers Market by End Use, Value (US$ Bn), 2019 - 2031
  - 7.4.1.7. Argentina IoT Routers Market by Router Type, Value (US$ Bn), 2019 - 2031
  - 7.4.1.8. Argentina IoT Routers Market by Connectivity Type, Value (US$ Bn), 2019 - 2031
  - 7.4.1.9. Argentina IoT Routers Market by End Use, Value (US$ Bn), 2019 - 2031
  - 7.4.1.10. Rest of Latin America IoT Routers Market by Router Type, Value (US$ Bn), 2019 - 2031
  - 7.4.1.11. Rest of Latin America IoT Routers Market by Connectivity Type, Value (US$ Bn), 2019 - 2031
  - 7.4.1.12. Rest of Latin America IoT Routers Market by End Use, Value (US$ Bn), 2019 - 2031
- 7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa IoT Routers Market Outlook, 2019 - 2031

8.1. Middle East & Africa IoT Routers Market Outlook, by Router Type, Value (US$ Bn), 2019 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. 4G/5G
  - 8.1.1.2. Wi-Fi
  - 8.1.1.3. Ethernet
  - 8.1.1.4. LPWAN
8.2. Middle East & Africa IoT Routers Market Outlook, by Connectivity Type, Value (US$ Bn), 2019 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. 4G/5G
  - 8.2.1.2. Wi-Fi
  - 8.2.1.3. Ethernet
  - 8.2.1.4. LPWAN
8.3. Middle East & Africa IoT Routers Market Outlook, by End Use, Value (US$ Bn), 2019 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. Healthcare
  - 8.3.1.2. Manufacturing
  - 8.3.1.3. Transportation
  - 8.3.1.4. Smart Cities
  - 8.3.1.5. Misc
- 8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. Middle East & Africa IoT Routers Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
- 8.4.1. Key Highlights
  - 8.4.1.1. GCC IoT Routers Market by Router Type, Value (US$ Bn), 2019 - 2031
  - 8.4.1.2. GCC IoT Routers Market by Connectivity Type, Value (US$ Bn), 2019 - 2031
  - 8.4.1.3. GCC IoT Routers Market by End Use, Value (US$ Bn), 2019 - 2031
  - 8.4.1.4. South Africa IoT Routers Market by Router Type, Value (US$ Bn), 2019 - 2031
  - 8.4.1.5. South Africa IoT Routers Market by Connectivity Type, Value (US$ Bn), 2019 - 2031
  - 8.4.1.6. South Africa IoT Routers Market by End Use, Value (US$ Bn), 2019 - 2031
  - 8.4.1.7. Egypt IoT Routers Market by Router Type, Value (US$ Bn), 2019 - 2031
  - 8.4.1.8. Egypt IoT Routers Market by Connectivity Type, Value (US$ Bn), 2019 - 2031
  - 8.4.1.9. Egypt IoT Routers Market by End Use, Value (US$ Bn), 2019 - 2031
  - 8.4.1.10. Nigeria IoT Routers Market by Router Type, Value (US$ Bn), 2019 - 2031
  - 8.4.1.11. Nigeria IoT Routers Market by Connectivity Type, Value (US$ Bn), 2019 - 2031
  - 8.4.1.12. Nigeria IoT Routers Market by End Use, Value (US$ Bn), 2019 - 2031
  - 8.4.1.13. Rest of Middle East & Africa IoT Routers Market by Router Type, Value (US$ Bn), 2019 - 2031
  - 8.4.1.14. Rest of Middle East & Africa IoT Routers Market by Connectivity Type, Value (US$ Bn), 2019 - 2031
  - 8.4.1.15. Rest of Middle East & Africa IoT Routers Market by End Use, Value (US$ Bn), 2019 - 2031
- 8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. By End Use vs by Connectivity Type Heat map
9.2. Manufacturer vs by Connectivity Type Heatmap
9.3. Company Market Share Analysis, 2023
9.4. Competitive Dashboard
9.5. Company Profiles
- 9.5.1. C&D Technologies Inc.
  - 9.5.1.1. Company Overview
  - 9.5.1.2. Product Portfolio
  - 9.5.1.3. Financial Overview
  - 9.5.1.4. Business Strategies and Development
- 9.5.2. Trojan Battery
- 9.5.3. Crown Battery Manufacturing Co.
- 9.5.4. East Penn Manufacturing Co. Inc.
- 9.5.5. S. Battery Manufacturing Company
- 9.5.6. Johnson Controls International Plc
- 9.5.7. EnerSys
- 9.5.8. EverExceed Industrial Co. Ltd.
- 9.5.9. Exide Technologies
- 9.5.10. Rolls Battery
- 9.5.11. GS Yuasa Corp.
- 9.5.12. HBL Power Systems Ltd.

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations