Global Industrial Routers Market - Insights
A router is an electronic device designed to receive, analyze, and send incoming packets to another network. Global industrial routers market have generated the revenue of US$ 861.7 million in 2017 up from US$ 793.3 billion in 2016. By 2025, the market is expected to generate a revenue of US$ 1,689.6 billion with a CAGR of 8.8% over the forecast period. Increasing adoption of robotics in various industrial operations is one of the major factors for growth of industrial routers market. Industrial robots embed remote access devices that are used by vendors for remote monitoring and maintenance. These devices are generally industrial routers, as it enables user to connect to a robot. According to World Robotics Organization, in 2014, around 1.46 million industrial robots were deployed for operations and these are projected to reach 2.59 million by 2019. Furthermore, various advantages offered by robots such as high efficiency, enhanced quality, increased productivity, and reduction of product waste have accelerated demand for robots in various industries such as automotive, electronics, chemicals, and food. For instance, in the U.S., around 31,404 units of industrial robots were shipped in 2016. Moreover, around 87,000, units in China, 38,586 units in Japan, 41,373 units in Republic of Korea, and 20,039 units of industrial robots were shipped in Germany in 2016.
Wired industrial routers segment held the dominant position in 2017.
The wired industrial routers segment held the dominant position in the market in 2017 and is projected to retain its dominance throughout the forecast period. In 2017, wired industrial routers segment generated the revenue of US$ 688.7 million and is expected to reach US$ 1,339.5 million by 2025. Wired routers are gaining significant traction, owing to their application in various industries such as food and beverages, automotive, and electric and electronics, which is the major factor driving growth of the segment. Various advantages offer by wired industrial routers such as high speed of data transfer and enhanced security have increased demand for wired industrial routers in various industries, which in turn is boosting growth of the market.
Figure. Global Industrial Routers Market Share (US$ Billion), by Region, 2017
Source: Coherent Market Insights
North America held the dominant position in industrial routers market in 2017
On the basis of geography, the Industrial routers market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The North America region held the dominant position in the market in 2017 and is projected to retain its dominance throughout the forecast period. In 2017, the North America generated the revenue of US$ 273.9 million and is expected to reach US$ 535.7 million by 2025 with a CAGR of 8.7%. The U.S. and Canada are major economies driving the growth of Industrial routers market in this region. Increasing focus on connected road infrastructure is expected to present significant growth potential for industrial routers over the forecast period. According to the U.S. Department of Transportation, around 42% of major urban highways are congested. Traffic fatalities increased by 7% from 2014 to 2015. Therefore, increasing demand for connected road infrastructure solutions, is in turn expected to aid in growth of the market in the region.
Key Players - Global Industrial Routers Market.
The major players operating in the global Industrial routers market include Juniper Networks, Inc., Netgear Inc., ZTE Corporation, Cisco Systems, Inc., Inseego Corporation, Dell Technologies, Inc., Micromax Technology, Ericsson, Inc., TP-Link Technologies Co., Ltd, Alcatel-Lucent Enterprises, Huawei Technologies Co., Ltd., and Advantech Co., Ltd