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
A router is and electronic device designed to receive, analyze, and send incoming packets to another network. The adoption of M2M technology is major driving factor for the growth of industrial routers market, owing to advantages such as reduction in maintenance cost due to analysis of real-time information and developing of new business strategies by utilizing collected information.
The demand for remote monitoring is increased significantly, leading to high adoption of M2M technology. With the deployment of advanced sensors and chips, M2M technology monitors a machine’s overall state and performance. If pressure change, temperature, vibrations, and other signs of mechanical failure are detected, the machine automatically communicates the information with other connected devices, which aids in early detection of problem. Hence, due these factors, demand for M2M technology in various manufacturing industries is increasing, leading to growth of the industrial routers market. Moreover, increasing support by government organizations for growth of industry automation provides a growth opportunity to the market. Various government organizations are focusing on initiatives for supporting industrial automation. For instance, in 2017, the Thailand government announced setting up a manufacturing automation academy in partnership with manufacturing industries. It intends to invest of US$6 billion in automation and robotics.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.
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