Industrial Routers Market Report, by Product Type (Wired & Wireless), by End Users (Railways, Oil & Gas, Maritime & Offshore, Water & Wastewater Treatment, Road Infrastructure, Energy, Manufacturing & Processing Industry, and Others) and by Geography - Global Industry Insights to 2025

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

industrial routers market

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

Research Methodology

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  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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