Growing penetration of IoT technology is fostering Industrial Routers market growth, Major Players – Alcatel-Lucent Enterprises, Huawei Technologies Co., Ltd., and Advantech Co., Ltd 

Growing penetration of IoT technology is fostering Industrial Routers market growth, Major Players – Alcatel-Lucent Enterprises, Huawei Technologies Co., Ltd., and Advantech Co., Ltd 

SCALANCE M industrial routers for IP-based networks | Remote Networks |  Siemens Global

The global Industrial Routers Market is estimated to account for US$ 1,689.6 million by 2025

Industrial Routers Market Report, by Product Type (Wired & Wireless), by End Users (Railways, Oil & Gas, Maritime & Offshore, Water & Wastewater Treatment, Road Infrastructure, Energy, Manufacturing & Processing Industry, and Others) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 861.7 million in 2017 and is expected to exhibit a CAGR of 8.8% over the forecast period (2021-2028), as highlighted in a new report published by Coherent Market Insights

Market Overview:

An Industrial Router can serve as a gateway for IIoT data. This means that it can translate the raw data from various sources and into real information. The InHand InRouter300 is a low-cost and compact industrial router that meets most of the requirements of an industrial router.

Competitive Landscape:

Juniper Networks, Inc., Netgear Inc., ZTE Corporation, Cisco Systems, Inc., Inseego Corporation, Dell Technologies, Inc., Micromax Technology, Ericsson, Inc., TP-Link Technologies Co., Ltd, Alcatel-Lucent Enterprises, Huawei Technologies Co., Ltd., and Advantech Co., Ltd 

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Key Market Drivers:

High demand for robots from end-user industries such as electronics, automotive, chemicals, and food is expected to foster growth of the industrial routers market. Growing demand for high speed of data transfer and enhanced security has created demand for wired industrial routers across various industries.

Integration of IoT technology across various industrial sector for real-time data and autonomous decision-making is again fostering growth of the market. According to the India Brand Equity Foundation, Indian IoT market to touch $15 billion by 2020.

Geographically, the report examines production, consumption, revenue, market share, growth rate, and forecasts for the following regions:

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North America (United States, Canada)

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Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

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Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

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Latin America (Brazil, Mexico, Others)

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The Middle East and Africa (Saudi Arabia, United Arab Emirates, Turkey, Egypt, South Africa, Nigeria)

Covid-19 Impact Analysis 

The Covid-19 outbreak has had an adverse impact on various industries around the globe. Due to the strict rules and regulations undertaken by government to curb the spread of the infection, companies are looking to function remotely. Moreover, various companies are looking to implement strict measures to operate at minimum risks. Additionally, various companies had shutdowns their manufacturing units which had an adverse impact on industrial routers market.

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Some of the important questions answered in this report include:

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What are the top five Industrial Routers Market players?

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What will the Industrial Routers Market look like in the following years?

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Which product and application will dominate the Industrial Routers Market?

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What are the Industrial Routers Market’s drivers and restraints?

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Which regional market will represent the highest growth?

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What will be the CAGR and market size of the Industrial Routers Market over the forecast period?

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What is the present market size, what will it be in 2029, and what will be the growth rate?

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What are the constraints to market growth?

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What market opportunities and risks do the key companies face?

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Who are the main competitors, and what is their strategic approach?

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What are the market’s entry challenges for new players?

Market Scale and Segment Analysis:

Global Industrial Routers Market, By Product Type

      • Wired
      • Wireless

Global Industrial Routers Market, By End User

    • Railways
    • Oil & Gas
    • Maritime & Offshore
    • Water & Wastewater treatment
    • Road Infrastructure
    • Energy
    • Manufacturing and Process Industries
    • Others

Continue….

Key Takeaways:

  1. The industrial routers market is expected to exhibit a CAGR of 8.8 % over the forecast period owing to increasing penetration of IoT technology across manufacturing industry.

  2. North America is expected to gain significant growth over the forecast period owing to the launch of new product in the region. For instance, in June 2021, Cisco has launched a new line of Catalyst industrial edge routers for mobile and fixed asset connectivity and an IoT gateway series for IoT use cases.

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About Us

Coherent Market Insights is a global market intelligence and consulting organization, focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 32 countries worldwide. We are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations about operational improvements, technologies, emerging market trends and new working methods. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and start-ups looking to establish a foothold in the market. We meticulously study emerging trends across various industries at both the global and regional levels to identify new opportunities for our clientele.

Contact Us:

Mr. Shah
US +12067016702 / UK +4402081334027 / JAPAN:+81-50-5539-1737

Coherent Market Insights Pvt Ltd, 1001 4th Ave,

#3200 Seattle, WA 98154, U.S.

Email: [email protected]

Published Mon, 20 Jun 2022 04:12:29 -0500

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