Press Release

Global Cellular Router and Gateway Market to Accelerate at a CAGR of Around 10.5% During the Forecast Period

The Global Cellular Router and Gateway Market is anticipated to grow at a CAGR of 10.5% during the forecast period of 2024–30, cites MarkNtel Advisors in the recent research report. The market's growth is driven by the expansion of the Internet of Things (IoT), government initiatives towards digitization, the rise of smart cities, etc. The evolution of wireless communication technologies, including 5G, Wi-Fi, and low-power wide-area networks (LPWAN), has provided robust and efficient connectivity, facilitating seamless and high-speed communication among devices. This has resulted in the widespread deployment of IoT devices, forming interconnected networks of devices, sensors, and systems. In this interconnected ecosystem, data can be collected, analyzed, and acted upon. The surge in connected devices has increased the demand for reliable and scalable connectivity solutions. Cellular routers have emerged as a wireless solution, enabling devices to connect to the internet and transmit data efficiently, even in remote and diverse locations.

Moreover, the heightened penetration of mobile broadband networks has exerted a substantial influence on the demand for cellular routers, especially in regions where conventional wired connections encounter feasibility and cost constraints. According to Point Topic's Global Broadband Statistics, the number of fixed broadband subscribers grew by 1.5% during the final quarter of 2021. This surge underscores the increasing reliance on mobile broadband and contributes to the escalating demand for cellular routers as indispensable components of connectivity solutions, further states the research report, “Global Cellular Router and Gateway Market Analysis, 2024.”

Global Cellular Router and Gateway Market Segmentation Analysis

Cellular Router Holds Major Share of the Global Cellular Router and Gateway Market 

Based on the type segment, the market is further bifurcated into router, and gateway. Among them, the router segment is foreseen to hold a prominent share in the market due to expanding domains of industrial automation (Industry 4.0), increased reliance on mobile and field connectivity, and the surge in smart home applications. Industrial automation and cellular routers assume a crucial role as essential components, facilitating the implementation of Industry 4.0 principles. These routers play an integral part in the modernization of manufacturing and industrial processes, providing a spectrum of functionalities that contribute to heightened efficiency and responsiveness.

Furthermore, the increasing uptake of smart home devices, including smart thermostats, security cameras, and door locks, is fueling the global demand for cellular routers. These smart home devices heavily depend on consistent internet connectivity to deliver real-time updates, respond to commands, and engage with users. Cellular routers play a pivotal role in ensuring a steady and dependable connection for the seamless functioning of these smart home devices. Additionally, the increasing emphasis on energy efficiency and the growing awareness about the benefits of these technologies are expected to further boost the adoption of smart devices in the coming years, thereby contributing to the increased market share of cellular routers.

North America to Attain a Lion’s Share in the Global Market

The well-established and advanced telecommunication infrastructure in the United States and Canada, marked by extensive 4G and 5G networks, significantly amplifies the demand for cellular routers and gateways. Moreover, these regions have been pioneers in the early adoption of 5G technology, with major telecommunications companies undertaking substantial deployment and expansion efforts. As reported by the Cellular Telephone Industries Association, 5G networks in the United States already provide coverage to over 325 million people, establishing the U.S. as the global leader in 5G network availability. The enhanced data speeds and minimal latency associated with 5G play a pivotal role in driving the increased utilization of cellular routers and gateways across a wide range of applications.

Furthermore, the growing demand for secured and remote connectivity, particularly in the context of remote work and critical infrastructure, is anticipated to drive the need for cellular routers and gateways in the foreseeable future.

Global Cellular Router and Gateway Market Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including Cisco Systems Inc., Sierra Wireless, Digi International Inc., Advantech Co., Ltd., HMS Networks, Peplink, BEC Technologies, Inc., Belden Inc., Shenzhen Tenda Technology Co., Ltd., Cradle Point, Inc., Four-Faith Communication Technology, Encore Networks, ZTE Corporation, TP-Link Corporation, Huawei Device Co., Ltd., Teltonika, and others, are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across various regions?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?