Key Trends and Analysis of Industrial Routers Market:
On the basis of product type, the wireless segment is expected to grow with the highest
CAGR of 9.2% over the forecast period. Wireless industrial routers provide various
advantages such as cost effectiveness, easy installation, and mobility, which increases its
adoption by various industries. Increasing adoption of advance technologies such as
Internet of Things and M2M communication technology, in order to increase productivity,
reduce maintenance cost, generate real-time data, and remote monitor have accelerated
demand for wireless industrial routers in various industries such as manufacturing.
On the basis of end user, manufacturing and processing segment is expected to grow with
the highest CAGR with 9.3% over the forecast period. Increasing adoption of Internet of
Things technology in the manufacturing industry is propelling demand for industrial
routers. Increasing integration of IoT technology helps machines and devices to analyze
data in real time. This helps machines to make autonomous decisions in real-time, thus
increasing the overall productivity. Moreover, increasing adoption of machine to machine
communication in various manufacturing industries helps to reduce maintenance costs
and improve production efficiency. This in turn, is boosting the demand for machine to
machine technology, in turn fueling demand for industrial routers in this segment.
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Key Takeaways of the Market:
The Asia Pacific region is expected to grow with the highest CAGR of 9.4% over the
forecast period. Increasing automotive production, semi-conductor devices production,
and steel manufacturing in Asia Pacific is expected to lead to increasing adoption of wired
industrial routers over the forecast period. According to Coherent Market Insights’
analysis, in 2016, China, Japan, and South Korea accounted for around 44% share of the
global vehicle production. Industrial routers are compact and rugged in design, which
makes it ideal for use in vehicles such as buses, ambulances, emergency vehicles, cars,
trucks, and taxis for delivering applications such as IP-CCTV, telemetry, fleet tracking
services, passenger WiFi internet access, and mobile digital signage. This is expected to
aid in growth of the market over the forecast period.