IoT Node and Gateway Market Size, Share, Growth Analysis, By Component (Hardware, Service), By End Use Application (Consumer Electronics, Aerospace and Defense), By Region

Description

Global IoT node and gateway market size was valued at USD 412.60 billion in 2022 and is poised to grow from USD 465.41 billion in 2023 to USD 1219.86 billion by 2031, growing at a CAGR of 12.8% in the forecast period (2024-2031).

The market for advanced data collection and communication technologies is experiencing significant growth, fueled by the rising demand for efficient data management and real-time analytics across various sectors. The integration of 5G, artificial intelligence, and other wireless communication advancements is set to enhance this trajectory, facilitating faster and more robust data transmission capabilities. Key growth drivers include the escalating applications of the Internet of Things (IoT) within industries such as healthcare, manufacturing, agriculture, and smart cities. The advent of Low Power Wide Area Network (LPWAN) technologies, including LoRa and Sigfox, supports this expansion by offering broad bandwidth coupled with low energy consumption. By employing sensor-equipped nodes, real-time data is captured effectively, while gateways ensure the secure and streamlined delivery of this information to centralized systems. This synergy of node-gateway technology is markedly improving operational efficiency; for instance, agriculture is enhanced through soil moisture monitoring, manufacturing productivity is elevated, and infrastructure in smart cities is optimized. The growing prevalence of 5G connectivity further empowers these nodes and gateways, enabling high-speed, low-latency data transfers that are essential for IoT solutions. As a result, the market is characterized by rapid expansion and increasing adoption of innovations designed to integrate sensors and actuators, capturing real-world data and seamlessly transferring it to central systems for analysis and decision-making.

Top-down and bottom-up approaches were used to estimate and validate the size of the global iot node and gateway market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

global iot node and gateway Market Segmental Analysis

Global IoT node and gateway market is segmented based on component, end user, and region. Based on component, the market is segmented into Hardware (Processors, Sensors, Connectivity Integrated Circuits (ICS), Memory Devices, Logic Devices), and Services. Based on end use application, the market is segmented into Industrial (Healthcare, Automotive & Transportation, Building Automation, Manufacturing, Retail, BFSI, Oil & Gas, Agriculture, Aerospace & Defense), Consumer (Wearable Devices, Consumer Electronics). Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and MEA.

Driver of the global iot node and gateway Market

The global IoT Node and Gateway market is significantly driven by the swift advancement in technology, particularly with the rollout of 5G networks, which offer enhanced data transfer capabilities, reduced latency, and the ability to connect a vast number of devices simultaneously. This enhanced connectivity is vital for the optimal functioning of IoT ecosystems, facilitating sophisticated real-time analytics and informed decision-making across diverse sectors, including healthcare, manufacturing, smart cities, and beyond. As industries increasingly rely on interconnected devices to boost operational efficiency and innovate services, the demand for robust IoT nodes and gateways continues to surge, propelling market growth.

Restraints in the global iot node and gateway Market

A significant restraint in the global IoT node and gateway market is the escalating security and privacy concerns associated with the proliferation of connected devices. With an increasing number of IoT devices, the vulnerabilities within their software and network infrastructures present attractive targets for cybercriminals. This heightened risk of security breaches can lead to severe consequences, including data leaks and unauthorized access, thereby jeopardizing the integrity of both individual and organizational data. While implementing robust security measures and adhering to stringent privacy regulations is crucial, the associated costs and complexity can deter many businesses from fully embracing IoT technologies, ultimately stifling market growth.

Market Trends of the global iot node and gateway Market

The global IoT node and gateway market is witnessing a significant shift towards edge computing integration, driven by the exponential surge in data generated by IoT devices. As organizations seek to enhance operational efficiency and responsiveness, processing data closer to its source minimizes latency and accelerates data throughput. This trend is particularly impactful for applications demanding real-time decision-making, such as autonomous vehicles, industrial automation, and smart-city initiatives. By leveraging edge computing capabilities, businesses can achieve superior system performance and resilience, fostering a more connected and intelligent IoT ecosystem. This evolution is positioning edge computing as a cornerstone of future IoT strategies globally.

Product Code: SQMIG45A2349

Introduction

Objectives of the Study
Definitions
Market Scope

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Executive Summary

Market Overview Outlook
Supply Demand Trend Analysis
Segmental Opportunity Analysis

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers

Key Market Insights

Technology Analysis
Pricing Analysis
Value Chain Analysis
Case Study Analysis
Trade Analysis
Ecosystem of the Market
Customer & Buying Criteria Analysis
Patent Analysis
Regulatory Landscape
PESTEL Analysis
Innovation Matrix
Top Investment Analysis
Key Success Factor
Market Attractive Index
Degree of Competition

IoT Node and Gateway Market by Component

Market Overview
Hardware
- Processors
- Microcontroller Unit (MCU)
- Microprocessor Unit (MPU)
- Digital Signal Processor (DSP)
- Application Processor (AP)
- Sensors
- Accelerometer
- Inertial Measurement Unit (IMU)
- Heart Rate Sensor
- Pressure Sensor
- Temperature Sensor
- Blood Glucose Sensor
- Blood Oxygen Sensor
- Electrocardiogram (ECG)Sensor
- Humidity Sensor
- Image Sensor
- Ambient Light Sensor
- Flow Sensor
- Level Sensor
- Chemical Sensor
- Carbon Monoxide Sensor
- Motion And Position Sensor
- Camera Module
- Other
- Connectivity Integrated Circuits (ICS)
- Connectivity Technology
- Wired
- Ethernet/IP
- Modbus
- Process Field Network (PROFINET)
- Foundation Fieldbus (FF)
- Wireless
- ANT+ Bluetooth
- Bluetooth Smart/Bluetooth Low Energy (BLE)
- ZigBee
- Wireless Fidelity (Wi-Fi)
- Near-field Communication (NFC)
- Cellular network
- WirelessHART
- Global Positioning System (GPS)/Global Navigation Satellite System (GNSS)module
- ISA100
- Bluetooth/WLAN
- Memory Devices
- On-chip Memory
- Off-chip Memory/External Memory
- Logic Devices
- Field-programmable Gate Array (FPGA))
Services

IoT Node and Gateway Market by End Use Application

Market Overview
Industrial
- Healthcare
- Device types
- Fitness and heart rate monitors
- Blood pressure monitors
- Blood glucose meters
- Continuous glucose monitors
- Pulse oximeters
- Automated external defibrillators
- Programmable syringe pumps
- Wearable injectors
- Multiparameter monitors
- Fall detectors
- Smart pill dispensers
- Automotive & Transportation
- Device types
- Connected cars
- Level 1 - driver assistance
- Adaptive cruise control (ACC)
- Lane departure warning system (LDWS)
- Parking assist (PA)system)
- Level 2 - partial automation
- Lane keeps assist (LKA)and ACC (improved)
- PA (improved)
- Level 3 - conditional automation
- Traffic jam chauffeur
- Highway driving
- Level 4 - high automation
- Sensor fusion
- Automatic pilot highway
- Ultrasonic sensors
- Cameras/image sensors
- Radar
- LiDAR
- Infrared (IR)detectors
- In-car infotainment
- Traffic management systems
- Vehicle detection sensor
- Pedestrian presence sensor
- Speed sensor
- Thermal camera
- Automated incident detection (AID)camera
- Public transport/mass transit systems
- E-tolls/E-highways
- Building Automation
- Device types
- Occupancy sensors
- Daylight sensors
- Smart thermostats
- IP cameras
- Smart meters
- Smart locks
- Smoke detectors
- Manufacturing
- Device types
- Temperature sensors
- Pressure sensors
- Level sensors
- Flow sensors
- Chemical sensors
- Humidity sensors
- Motion & position sensors
- Image sensors
- Retail
- Device types
- Intelligent vending machines
- Contactless checkout/Point of sale systems
- Smart mirrors
- Smart shopping carts
- Digital signage
- Smart tags
- Wireless beacons
- Banking, Financial Services and Insurance (BFSI)
- Device types
- Mobile point of sale (mPOS)solutions
- Smart/Interactive kiosks
- Oil & Gas
- Device types
- Temperature sensors
- Pressure sensors
- Level sensors
- Flow sensors
- Image sensors
- Others
- Agriculture
- Device types
- Climate sensors
- Soil moisture sensors
- Level sensors
- Aerospace & Defense
- Device types
- Smart baggage tags
- Smart beacons
- Drones/Unmanned aerial vehicles (UAVs)
Consumer
- Wearable Devices
- Device types
- Activity monitors
- Smartwatches
- Smart glasses
- Body-worn cameras
- Consumer Electronics
- Device types
- Smart lighting
- Smart TVs
- Smart washing machines
- Smart dryers
- Smart refrigerators
- Smart ovens
- Smart cooktops
- Smart cookers
- Smart deep freezers
- Smart dishwashers
- Smart coffee makers
- Smart kettles

IoT Node and Gateway Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- Italy
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2023
Strategies Adopted by Key Market Players
Recent Activities in the Market
Key Companies Market Share (%), 2023

Key Company Profiles

Cisco Systems Inc. (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Intel Corporation (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Qualcomm Technologies, Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Texas Instruments Incorporated (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
STMicroelectronics (Switzerland)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Microchip Technology Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Huawei Technologies Co., Ltd. (China)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
NXP Semiconductors N.V. (Netherlands)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Cisco Systems, Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Hewlett Packard Enterprise Development LP (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
TE Connectivity Ltd. (Switzerland)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Advantech Co., Ltd. (Taiwan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Dell Technologies (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Siemens (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Helium Systems Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Samsara Networks Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Beep Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Estimote, Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
AAEON Technology Inc. (Taiwan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Nexcom International Co., Ltd. (Taiwan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Eurotech (Italy)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Adlink Technology Inc. (Taiwan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Volansys (India)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Embitel Technologies (India)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Mitsubishi Electric Corporation (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Lantronix, Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Cradlepoint, Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

IoT Node and Gateway Market Size, Share, Growth Analysis, By Component (Hardware, Service), By End Use Application (Consumer Electronics, Aerospace and Defense), By Region - Industry Forecast 2024-2031