Industrial wireless routers are networking devices designed specifically for use in industrial environments. They provide wireless connectivity and networking capabilities to industrial systems, machinery, and devices. These routers are built to withstand harsh conditions commonly found in industrial settings, such as extreme temperatures, humidity, dust, and vibrations. Industrial wireless routers play a crucial role in enabling reliable and secure communication within industrial automation systems. They allow various devices, such as programmable logic controllers (PLCs), sensors, HMIs (human-machine interfaces), and other equipment, to connect to a wireless network and exchange data. The Industrial Wireless Routers market is expanding because of factors such as rising industrial automation and the proliferation of IoT devices in industrial settings.
The increasing adoption of Internet of Things (IoT) in industrial sectors has created a demand for wireless connectivity solutions. Industrial wireless routers provide reliable and secure connectivity, enabling the seamless integration of devices and sensors in industrial environments. According to Statista, the number of Internet of Things connected devices worldwide, in the year 2021 stood at 11.28 billion devices and which increased to 13.14 billion devices in the year 2022, further it is projected to reach 29.42 billion by the year 2030. This indicates that there has been a rise in several industries using IoT devices including industrial settings. Furthermore, the Statista report also states that the global Industrial Internet of Things (IIoT) market size in the year 2021 stood at USD 263.52 billion which increased to USD 323.62 billion in the year 2022 and it is projected to reach USD 1110 billion by year 2028. This rising market share is resulting in market growth. In addition, ongoing technological advancements in wireless communication, and the expansion of smart factories are creating lucrative opportunities in the market. However, the high cost of Industrial Wireless Routers stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Industrial Wireless Routers Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the dominance of key market players, rising adoption of IoT devices, and rising expansion of industrial automation in the region. Europe is expected to grow significantly during the forecast period, owing to factors such as rising industrial automation, rising expansion of factory automation, and rising spending on industrial development in the region.
Major market player included in this report are:
- Peplink
- Ruijie Networks Co., Ltd
- Advantech Co Ltd
- Alcatel-Lucent Enterprise
- Moxa Technologies Inc
- Ericsson Inc
- Cisco Systems, Inc.
- Creative Micro System
- Shenzhen Yinghua Technology Co., Ltd
- Four-Faith Communication Technology Co., Ltd.
Recent Developments in the Market:
- In April 2023, IoT solution supplier Queclink unveiled WR300FG, a high-performance 5G dual SIM dual mode industrial router. The product, which makes use of Queclink's technology, intends to provide advantages, and add value for clients, partners, and other stakeholders. Even in tough settings, the new router, the WR300FG, enables dependable network performance and safe data transmission. With rapid networking, high dependability, and data security in various settings, WR300FG enables users to effortlessly access wired and wireless transmission networks.
- In November 2022, Hitachi Energy unveiled a brand-new industrial wireless router that provides secure, always-on cellular connectivity for a variety of crucial applications in remote network edge locations. Monitoring voltage monitors, circuit breakers, battery storage systems, and secondary utility substations are all included in this.
Global Industrial Wireless Routers Market Report Scope:
- Historical Data - 2020 - 2021
- Base Year for Estimation - 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Type, Application, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
- Modular Routers
- Non-modular Routers
By Application:
- Electric Power
- Postal
- Water Conservancy
- Environmental Protection
- Meteorological
- Transportation
- Others
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Industrial Wireless Routers Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Industrial Wireless Routers Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Industrial Wireless Routers Market, by Application, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Industrial Wireless Routers Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Industrial Wireless Routers Market Dynamics
- 3.1. Industrial Wireless Routers Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising industrial automation
- 3.1.1.2. Proliferation of IoT devices in industrial settings
- 3.1.1.3. Increasing investment in industrial settings
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost of Industrial Wireless Routers
- 3.1.3. Market Opportunities
- 3.1.3.1. Ongoing technological advancements in wireless communication
- 3.1.3.2. Increasing expansion of smart factories
Chapter 4. Global Industrial Wireless Routers Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Industrial Wireless Routers Market, by Type
- 5.1. Market Snapshot
- 5.2. Global Industrial Wireless Routers Market by Type, Performance - Potential Analysis
- 5.3. Global Industrial Wireless Routers Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
- 5.4. Industrial Wireless Routers Market, Sub Segment Analysis
- 5.4.1. Modular Routers
- 5.4.2. Non-modular Routers
Chapter 6. Global Industrial Wireless Routers Market, by Application
- 6.1. Market Snapshot
- 6.2. Global Industrial Wireless Routers Market by Application, Performance - Potential Analysis
- 6.3. Global Industrial Wireless Routers Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 6.4. Industrial Wireless Routers Market, Sub Segment Analysis
- 6.4.1. Electric Power
- 6.4.2. Postal
- 6.4.3. Water Conservancy
- 6.4.4. Environmental Protection
- 6.4.5. Meteorological
- 6.4.6. Transportation
- 6.4.7. Others
Chapter 7. Global Industrial Wireless Routers Market, Regional Analysis
- 7.1. Top Leading Countries
- 7.2. Top Emerging Countries
- 7.3. Industrial Wireless Routers Market, Regional Market Snapshot
- 7.4. North America Industrial Wireless Routers Market
- 7.4.1. U.S. Industrial Wireless Routers Market
- 7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
- 7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Industrial Wireless Routers Market
- 7.5. Europe Industrial Wireless Routers Market Snapshot
- 7.5.1. U.K. Industrial Wireless Routers Market
- 7.5.2. Germany Industrial Wireless Routers Market
- 7.5.3. France Industrial Wireless Routers Market
- 7.5.4. Spain Industrial Wireless Routers Market
- 7.5.5. Italy Industrial Wireless Routers Market
- 7.5.6. Rest of Europe Industrial Wireless Routers Market
- 7.6. Asia-Pacific Industrial Wireless Routers Market Snapshot
- 7.6.1. China Industrial Wireless Routers Market
- 7.6.2. India Industrial Wireless Routers Market
- 7.6.3. Japan Industrial Wireless Routers Market
- 7.6.4. Australia Industrial Wireless Routers Market
- 7.6.5. South Korea Industrial Wireless Routers Market
- 7.6.6. Rest of Asia Pacific Industrial Wireless Routers Market
- 7.7. Latin America Industrial Wireless Routers Market Snapshot
- 7.7.1. Brazil Industrial Wireless Routers Market
- 7.7.2. Mexico Industrial Wireless Routers Market
- 7.8. Middle East & Africa Industrial Wireless Routers Market
- 7.8.1. Saudi Arabia Industrial Wireless Routers Market
- 7.8.2. South Africa Industrial Wireless Routers Market
- 7.8.3. Rest of Middle East & Africa Industrial Wireless Routers Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Peplink
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Recent Developments
- 8.3.2. Ruijie Networks Co., Ltd
- 8.3.3. Advantech Co Ltd
- 8.3.4. Alcatel-Lucent Enterprise
- 8.3.5. Moxa Technologies Inc
- 8.3.6. Ericsson Inc
- 8.3.7. Cisco Systems, Inc.
- 8.3.8. Creative Micro System
- 8.3.9. Shenzhen Yinghua Technology Co., Ltd
- 8.3.10. Four-Faith Communication Technology Co., Ltd.
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
- 9.3. Research Assumption