The Global 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:
Extensive IoT Gateway Market analysis is carried out by attentively monitoring important product positioning and the market framework’s top competitors. Key competitors are profiled and their tactics are extensively examined to grasp the competitive perspective of the global IoT Gateway market.
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Market Scope:
This research on the IoT Gateway industry is based on a thorough examination of the market, supported by secondary and primary sources. Market volume is determined by a country-by-country model mapping of IoT Gateway utilizing internal and external private information, as well as relevant patent and regulatory sources.
IoT Gateway Market Dynamics:
A strong, lightweight, and recyclable material is IoT Gateway. Additionally, it is used to make materials for food packaging as well as consumer items like CD and DVD cases. It is a low-cost, high-strength plastic that may be recycled into materials for home building, used to insulate structures, and be made into sterile disposable cutlery. The market is anticipated to grow over the course of the projected period as a result of the expanding product application scope across various end-use sectors.
The market is being driven by the expanding end markets for IoT Gateway, which include the electronics and construction sectors. The expansion of the IoT Gateway market is being driven by the rising usage of expanded IoT Gateway in building and insulation. The IoT Gateway industry will benefit from the rising construction market.
IoT Gateway Market Segmentation:
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 utilization of IoT gateway devices across manufacturing and processing facilities. throughout the anticipated time frame. 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. These gateway devices contribute to increased production capacity and plant efficiency, which raises the industry value.
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Key Players:
A team of research professionals updates and amends our data regularly to reflect the most recent trends and facts. To fulfill the needs of both individual and corporate clients, we have substantial competence in research and consulting for a wide range of business disciplines. Our knowledgeable staff uses proprietary data sources as well as a range of additional approaches. The key players in the IoT Gateway business 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.
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Regional Analysis:
The study presents regional competitive circumstances. These insights help market participants improve their approaches and provide new opportunities to achieve amazing results.
COVID-19 Impact Analysis on IoT Gateway Market:
The spread of the COVID-19 pandemic has had a wide-ranging influence on people’s lives all around the world. Markets have been forced to adopt new norms, trends, and tactics as a result. Essentially, the study report tries to paint a picture of the market’s initial and future projections.
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Key Questions Answered in the IoT Gateway Market Report are:
- What will be the CAGR of the IoT Gateway market during the forecast period?
- Which segment emerged as the leading segment in the IoT Gateway market?
- Which are the prominent players in the IoT Gateway market?
- What will be the IoT Gateway market size by 2027?
- Which company held the largest share in 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 medical devices, pharmaceutical manufacturers, 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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