The mesh gateway market is expected to grow from USD 1.3 billion in 2024 to USD 2.2 billion by 2029, at a CAGR of 11.5% during the forecast period. The demand for mesh gateways is increasing due to the rising use of the internet and connected devices across the globe. As more people are using the internet, the number of connected devices is also increasing in residential and industrial setups. With the increase in the number of devices, the demand for seamless and reliable network also increases. As internet penetration increases, so does the demand for mesh gateways during the forecast period.
The traffic management application to grow with significant CAGR from 2024 to 2029.
The demand for mesh gateways in traffic management applications is expected to grow with a significant CAGR during the forecast period. Mesh gateways can be used in multiple interconnected devices in traffic management systems to provide reliable data and information about the system's performance. The mesh gateways help with real-time data and remote monitoring to reduce traffic. With the help of mesh gateways, traffic systems can run smoothly in a more safe and efficient way. As the development of smart cities increases, the demand for mesh gateway for traffic management applications is also expected to grow during the forecast period.The agriculture industry accounts for the significant size of the mesh gateway market in 2023.
Mesh gateways play a crucial role in agriculture. In agriculture, processes like seed planting and harvesting require remote monitoring with the help of the crop. Mesh gateways are deployed to help the framers and companies to continuously get data about the seed's health. By predictive maintenance, farmers can know beforehand if any problem is about to happen and can rectify it in time to get efficient results.US is expected to be the largest market for mesh gateway in by 2029 in the North American region.
The US has a significant ecosystem for mesh gateway with startups, SMEs, research institutions, and multinational corporations. The presence of companies like Eaton (Ireland), Siemens (Germany), and Honeywell International Inc. (US) provides a huge opportunity for mesh gateways in the country. Initiatives by the US government to develop wireless networking is also expected to play a crucial role in the growth of mesh gateways in the US during the forecast period.Breakdown of primaries
To determine and verify the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the mesh gateway market space. The break-up of primary participants for the mesh gateway market has been shown below:- By Company Type: Tier 1 - 18 %, Tier 2 - 22%, and Tier 3 - 60%
- By Designation: C-Level Executives - 21%, Directors - 35%, and Others - 44%
- By Region: North America - 45%, Europe - 38%, Asia Pacific - 12%, Rest of world - 5%
Research Coverage:
The report describes detailed information regarding the key factors such as drivers, restraints, challenges, and opportunities driving the market's growth. The report also details technology trends, trade data, and patent analysis. This research report categorizes the mesh gateway market based on offering, application, location type, end-user industry, and region. A detailed analysis of the major players includes insights into their business overviews, products offered, and significant strategies, including new product launches, deals (acquisitions, partnerships, agreements, and contracts), and others (expansions), and recession impact on the mesh gateway market.Reasons to Buy This Report
The report aims to provide stakeholders with accurate revenue estimates for the mesh gateway market and its subsegments. By offering insights into the competitive landscape, stakeholders can gain a deeper understanding and strategically position their businesses, formulating effective go-to-market strategies. Additionally, the report assists stakeholders in grasping the market dynamics by outlining key drivers, restraints, opportunities, and challenges, thereby enabling informed decision-making and a better understanding of market trends.The report will provide the following insights :
- Analysis of major drivers (Increasing penetration of internet), restraints (Highest installation and setup cost), opportunities (Increasing adoption of mesh gateway in SMEs), and challenges (Data security and privacy concerns).
- Product development /Innovation: Detailed insights on growing technologies, R&D activities, and new product and service launches in the mesh gateway market.
- Market Development: The report provides comprehensive information about adjacent markets and analyses the mesh gateway market across various regions.
- Market Diversification: Detailed information about major offerings, regions, recent developments, and investments in the market.
- Competitive Assessment: Exhaustive assessment of market share, growth strategies, and services, offering of leading players Eaton (Ireland), Honeywell International, Inc. (US), Siemens (Germany), Emerson Electric Co. (US), Schneider Electric SE (France), among others in the mesh gateway market.
Table of Contents
1 Introduction
2 Research Methodology
4 Premium Insights
5 Market Overview
6 Connectivity Protocols in Mesh Gateway
7 Mesh Gateway Market, by Offering
8 Mesh Gateway Market, by Location Type
9 Mesh Gateway Market, by Application
10 Mesh Gateway Market, by End-use Industry
11 Mesh Gateway Market, by Region
12 Competitive Landscape
13 Company Profiles
14 Appendix
List of Tables
List of Figures
Companies Mentioned
- Eaton
- Honeywell International, Inc.
- Siemens
- Emerson Electric Co.
- Schneider Electric SE
- Advantech Co. Ltd.
- Hdl Automation
- Rsae Labs Inc.
- Wirepas Ltd
- Dryad Networks GmbH
- Asiarf Co. Ltd.
- Phoenix Contact
- Westermo
- Tuya Inc.
- Ackcio
- Dusuniot
- Senet
- Rajant Corporation
- Quectel
- Nexcom International Co. Ltd
- Weidmueller Group
- Digi International, Inc.
- Kerlink SA
- Milesight
- Shanghai Mxchip Information Technology Co. Ltd.
- Actility
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 190 |
| Published | July 2024 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value ( USD | $ 1.3 Billion |
| Forecasted Market Value ( USD | $ 2.2 Billion |
| Compound Annual Growth Rate | 11.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 26 |
