IoT Gateway Market was valued at US$ 1.49 Bn. in 2022 and is expected to reach US$ 3.65 Bn. by 2029, at a CAGR of 13.6% during a forecast period.
IoT Gateway Market Overview:
The recently published “IoT Gateway Market” Report by Maximize Market Research is available in the market. Maximize Market research is an international business consultancy firm, serving large and medium size players across the world. It has got clients in more than 34 countries. The impact of the market is normal after the Covid Lockdown has been analyzed in the report and the market is showing an upward trend even in the midst of an economic slowdown.
IoT Gateway Market Scope :
Market experts estimate that the IoT Gateway market will grow steadily from 2023 to 2029. Leading industry players are expected to continue to make aggressive moves to rapidly build the sector through 2023. The IoT Gateway market analysis report covers import and export consumption, supply and demand chain, costs, shares, sales volumes, revenues, and gross profits. The report also examines the manufacturing bases, capacity, production, factory prices, revenues, and market share of each manufacturer in the IoT Gateway market.
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Segmentation Analysis:
by Node
Smart Watch
Camera
RADAR
Thermostat
Actuator
Smart TV
Others
by Connectivity Technology
Bluetooth
Wi-Fi
ZigBee
Ethernet
Z-Wave
Others
The global IoT gateway market is divided into Bluetooth, Wi-Fi, ZigBee, Ethernet, Z-Wave, and Others segments based on connectivity technology. Thanks to several high-end features like reduced battery consumption, faster data transfer rates, and advanced encryption for device pairing, the Bluetooth category, which generated 40.5% of revenue in 2022, is predicted to rise at a CAGR of 18% over the projection period. Short-range communications are best served by Bluetooth-enabled IoT devices, which operate in the 2.402 GHz to 2.480 GHz frequency band. Their superior data security and short-range communication will be advantageous to the building automation sector. In order to satisfy consumer demand, Bluetooth communication is anticipated to advance technologically with the release of improved features and protocols.
by Component
MCU
FPGA
Sensor
Memory
Others
The global IoT gateway market is divided into MCU, FPGA, Sensor, Memory, and Others segments based on component type. At 37.3%, the MCU segment had the biggest share in 2022. due to the increasing number of modular IoT gateway devices using MCUs. Modular IoT gateway devices can connect to several platforms, including as Bluetooth, Ethernet, Wi-Fi, Z-Wave, and ZigBee, thanks to the MCU. It enables several use-cases to be linked simultaneously by giving gateway devices the ability to support multiple protocols. Market participants are focusing on new product development in order to match the increasing demand in the industry.
by Application
Wearable Devices
Healthcare
Automotive & Transportation
Building Automation
Industrial
Consumer Electronics
The Wearable Devices, Healthcare, Automotive & Transportation, Building Automation, Industrial, Consumer Electronics, and Others subsectors make up the worldwide IOT gateway market based on application. The industrial segment of the IoT gateway devices market is predicted to represent 34% of revenue share by 2029 and is forecast to rise at a CAGR of 15% due to the growing utilisation of IoT gateway devices across manufacturing and processing facilities. throughout the duration of the forecast. IoT gateway devices are used in manufacturing facilities to provide wireless network connections across many automation systems, programmable controllers, human-machine interfaces, and industrial sensors.
Major Players are:
1.Intel Corporation
2.Mitsubishi Electric Co
3.NXP Semiconductors N.V.
4.Super Micro Computer
5.ARM Holdings
6.Huawei Investment
7.Texas Instruments
8.Cisco
9.Hewlett Packard
10.TE Connectivity Ltd.
11.STMicroelectronics
12.Advantech Co
13.Dell Inc.
14.Eurotech S.P.A
15.AAEON Technology
16.Adlink
17.NEXCOM International Co
18.Microchip Technology
19.Notion
20.Helium System
21.Samsara Networks
22.Estimote Inc
23.Beep Inc.
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Regional Analysis
The European region, North American region, Asia-Pacific region, the Middle East and Africa region, and Latin America are the five primary world regions included in the report. The IoT Gateway Industry Research identifies the market’s key geographies, as well as notable segments and sub-segments. The IoT Gateway market report includes figures, geographies, revenue, and in-depth analysis of the business chain structure, opportunities, and industry news of the IoT Gateway market.
The following countries are researched in the report:
- United States (USA)
- Canada
- Mexico
- Germany
- France
- United Kingdom (UK)
- Russia
- Italy
- China
- Japan
- South Korea
- India
- Southeast Asia
- Australia
- Brazil
- Saudi Arabia
Key Questions answered in the IoT Gateway Market Report are:
- What is the expected IoT Gateway market size by 2029?
- What is the forecast period of the IoT Gateway Market?
- What are the IoT Gateway market segments?
- What is the competitive scenario of the IoT Gateway market?
- Which region held the largest market share in the IoT Gateway Market?
- What are the opportunities for the IoT Gateway Market?
- What are the restraining factors in the IoT Gateway market?
- Who are the key players of the IoT Gateway market?
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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