IoT Routers Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the worldwide market for IoT routers. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.

Key Insights:

IoT Routers Market Size (2024E): USD 2.5 Billion
Projected Market Value (2031F): USD 4.0 Billion
Global Market Growth Rate (CAGR 2024 to 2031): 7.0%

IoT Routers Market - Report Scope:

IoT routers play a pivotal role in facilitating communication and data exchange among Internet of Things (IoT) devices. These devices enable secure and efficient connectivity for various applications, including smart homes, industrial automation, healthcare, and smart cities. The IoT routers market caters to diverse sectors, offering robust connectivity solutions tailored to the specific needs of IoT deployments.

Market Growth Drivers:

The global IoT routers market is propelled by several key factors, including the rapid proliferation of IoT devices across industries, increasing demand for real-time data analytics, and advancements in wireless communication technologies such as 5G. The integration of edge computing capabilities into IoT routers enhances processing efficiency and reduces latency, driving market expansion. Moreover, growing investments in smart infrastructure projects and the adoption of cloud-based IoT platforms stimulate demand for reliable and scalable connectivity solutions.

Market Restraints:

Despite promising growth prospects, the IoT routers market faces challenges related to cybersecurity vulnerabilities, interoperability issues among heterogeneous IoT devices, and regulatory complexities governing data privacy and connectivity standards. Addressing these challenges requires collaborative efforts from industry stakeholders, including IoT device manufacturers, network operators, and regulatory authorities, to establish robust security protocols and interoperable standards.

Market Opportunities:

The IoT routers market presents significant growth opportunities driven by technological innovations, such as AI-driven network management and blockchain-based security solutions. The expansion of 5G networks and the emergence of low-power wide-area (LPWA) technologies enable seamless connectivity for a wide range of IoT applications, including remote monitoring, predictive maintenance, and autonomous operations. Strategic partnerships, investments in R&D, and the development of user-friendly IoT router solutions are essential to capitalize on emerging opportunities and sustain market leadership.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the IoT routers market globally?
Which industries and applications are driving IoT router adoption across different sectors?
How are technological advancements reshaping the competitive landscape of the IoT routers market?
Who are the key players contributing to the IoT routers market, and what strategies are they employing to maintain market relevance?
What are the emerging trends and future prospects in the global IoT routers market?

Competitive Intelligence and Business Strategy:

Leading players in the global IoT routers market, including Cisco Systems Inc., Huawei Technologies Co., Ltd., and Juniper Networks, Inc., focus on innovation, product differentiation, and strategic alliances to gain a competitive edge. These companies invest in R&D to develop next-generation IoT router solutions, addressing specific industry requirements and enhancing network performance and security. Collaborations with IoT platform providers, telecommunications operators, and cybersecurity firms facilitate market expansion and technology adoption. Furthermore, emphasis on compliance with regulatory standards and customer-centric solutions fosters market growth and strengthens customer relationships in the evolving IoT ecosystem.

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

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, 2024-2031
1.2. Market Opportunity Assessment, 2024-2031, 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 (2019-2023) and Forecast (2024-2031)

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$ Bn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2019-2023
- 3.2.2. Current Market Size Forecast, 2024-2031
3.3. Global IoT Routers Market Outlook: Router Type
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Router Type, 2019-2023
- 3.3.3. Current Market Size (US$ Bn) and Volume (Units) Forecast By Router Type, 2024-2031
  - 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$ Bn) and Volume (Units) Analysis By Connectivity Type, 2019-2023
- 3.5.3. Current Market Size (US$ Bn) and Volume (Units) Forecast By Connectivity Type, 2024-2031
  - 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$ Bn) and Volume (Units) Analysis By End-use Industry, 2019-2023
- 3.7.3. Current Market Size (US$ Bn) and Volume (Units) Forecast By End-use Industry, 2024-2031
  - 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$ Bn) and Volume (Units) Analysis By Region, 2019-2023
4.3. Current Market Size (US$ Bn) and Volume (Units) Forecast By Region, 2024-2031
- 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 (2019-2023) and Forecast (2024-2031)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019-2023
- 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$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Router Type, 2024-2031
- 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$ Bn) and Volume (Units) Forecast By Connectivity Type, 2024-2031
- 5.6.1. 4G/5G
- 5.6.2. Wi-Fi
- 5.6.3. Ethernet
- 5.6.4. LPWAN
5.7. Current Market Size (US$ Bn) and Volume (Units) Forecast By End-use Industry, 2024-2031
- 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 (2019-2023) and Forecast (2024-2031)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019-2023
- 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$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 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$ Bn) and Volume (Units) Forecast By Router Type, 2024-2031
- 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$ Bn) and Volume (Units) Forecast By Connectivity Type, 2024-2031
- 6.6.1. 4G/5G
- 6.6.2. Wi-Fi
- 6.6.3. Ethernet
- 6.6.4. LPWAN
6.7. Current Market Size (US$ Bn) and Volume (Units) Forecast By End-use Industry, 2024-2031
- 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 (2019-2023) and Forecast (2024-2031)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019-2023
- 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$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Router Type, 2024-2031
- 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$ Bn) and Volume (Units) Forecast By Connectivity Type, 2024-2031
- 7.6.1. 4G/5G
- 7.6.2. Wi-Fi
- 7.6.3. Ethernet
- 7.6.4. LPWAN
7.7. Current Market Size (US$ Bn) and Volume (Units) Forecast By End-use Industry, 2024-2031
- 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 (2019-2023) and Forecast (2024-2031)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019-2023
- 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$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 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$ Bn) and Volume (Units) Forecast By Router Type, 2024-2031
- 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$ Bn) and Volume (Units) Forecast By Connectivity Type, 2024-2031
- 8.6.1. 4G/5G
- 8.6.2. Wi-Fi
- 8.6.3. Ethernet
- 8.6.4. LPWAN
8.7. Current Market Size (US$ Bn) and Volume (Units) Forecast By End-use Industry, 2024-2031
- 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 (2019-2023) and Forecast (2024-2031)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019-2023
- 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$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Bn) and Volume (Units) Forecast By Router Type, 2024-2031
- 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$ Bn) and Volume (Units) Forecast By Connectivity Type, 2024-2031
- 9.6.1. 4G/5G
- 9.6.2. Wi-Fi
- 9.6.3. Ethernet
- 9.6.4. LPWAN
9.7. Current Market Size (US$ Bn) and Volume (Units) Forecast By End-use Industry, 2024-2031
- 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 (2019-2023) and Forecast (2024-2031)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis By Market, 2019-2023
- 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$ Bn) and Volume (Units) Forecast By Country, 2024-2031
- 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$ Bn) and Volume (Units) Forecast By Router Type, 2024-2031
- 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$ Bn) and Volume (Units) Forecast By Connectivity Type, 2024-2031
- 10.6.1. 4G/5G
- 10.6.2. Wi-Fi
- 10.6.3. Ethernet
- 10.6.4. LPWAN
10.7. Current Market Size (US$ Bn) and Volume (Units) Forecast By End-use Industry, 2024-2031
- 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, 2024
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