Industrial Routers market is supposed to develop at a CAGR of 9% by 2031. Modern switches help in creating and accelerating the modern network. These switches are coordinated with security arrangements to safeguard the foundation from the potential dangers connected with hacking.
The reception of modern switches offers upgraded efficiency across the business verticals while keeping the functional expenses at least. This is one of the central point driving the reception of modern switches across various industry verticals.
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What is Driving Demand for Industrial Routers?
Growing trend of high speed internet access, availability of smart phones, and economic affordability are majorly responsible for driving the demand for internet access, which is cumulatively driving the demand for industrial routers across the globe. Moreover, reduced technology cost per MB data, and lack of fixed line access in certain developing markets is further expected to drive the market growth.
Exponential rise in the adoption of the IoT enabled devices is another major factor driving the demand for industrial connectivity. The integration of IoT has created strong interconnectivity features across different industry verticals including the manufacturing sector. The deployment of industrial routers facilitates seamless connection across the industrial supply chain.
With the implementation of industrial routers, the equipment and machineries will be empowered to optimize processes with the help of real-time data and autonomous decisions, hence improving the overall productivity.
Moreover, benefits such as increased speed with minimal effort, the capability of improved decision making, and significant reduction in the harmful effects on the environment are further expected to increase the sales of industrial routers, during the forecast period.
Key Opportunities for Industrial Router Manufacturers
The discrete industry verticals such as automotive, semiconductor, electric and electronic devices, and aviation, are focused on implementation of wired industrial routers. This increasing popularity of industrial routers in these sectors is one of the major contributors to the growth of industrial routers market.
Furthermore, the technological advancements in the discrete industrial sector are providing improved opportunities for industrial routers to penetrate across a wide range of industrial functions.
The major growth opportunities identified for the wireless router manufacturers happen to be the volatile growth of the internet industry coupled with the demand for adoption and mobility of connected and smart devices such as tablets, smartphones, all of which are responsible for driving the demand for the wireless industrial router.
Moreover, increase in the range of wireless networks, growing demand for faster internet, and the increasing number of connected devices is further fueling the growth, in the coming years.
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US & Canada Demand Outlook for Industrial Routers
US happens to be a dominant country in North America, contributing to nearly 75-80% of the market value. The growth in the US is attributed to the presence of major established players in the region. The industrial router providers in the US are carrying out different expansion and innovation strategies for increasing their market share in the industrial routers.
Key players are entering into partnerships with other major players to expand their geographic presence in order to meet the increasing demand for industrial routers.
Companies such as Juniper Networks, HPE, and Huawei Technologies have adopted such strategies to expand their customer base and enhance their product portfolio.
For instance. In March 2020, Juniper Networks completed the acquisition of 128 Technology, a Boston-based networking software startup, in order to boost its AI capabilities of the former company. This allows the customers of Juniper Networks to realign their network with the requirements of a digital future that includes mobility, cloud, and virtualization.
Who are the Key Industrial Routers Vendors?
Key players such as
- Alcatel-Lucent Enterprises
- Juniper Networks Inc.
- Huawei Technologies Co. Ltd.
- ZTE Corporation
- Netgear Inc.
- Cisco Systems Inc.
- Dell Technologies Inc.
- Inseego Corporation
- Micromax Technology
- Ericsson
- TP-Link Technologies Co. Ltd
- Advantech Co. Ltd.
are actively involved in offering industrial routers for various end user industries. These vendors have adopted various key strategies, to increase their customer base locally and globally.
They are also spending millions of dollars into product R&D to fulfill the unmet needs of their customers for industrial internet connectivity.
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Key Segments
By Product Type
- Wired Industrial Routers
- Wireless Industrial Routers
By Enterprise Size
- Small and Medium Enterprises (SMEs)
- Large Enterprises
By End User Industry
- Manufacturing
- Transportation
- Oil & Gas
- Food and Beverage
- Pharmaceuticals
- Others
By Region
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- UK
- France
- Germany
- Italy
- Spain
- BENELUX
- Russia
- Rest of Europe
- East Asia
- China
- Japan
- South Korea
- South Asia & Pacific
- India
- Thailand
- Indonesia
- Malaysia
- Australia & New Zealand
- Rest of South Asia & Pacific
- Middle East & Africa
- GCC Countries
- Turkey
- South Africa
- Rest of Middle East and Africa
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