Mesh Gateway Market by Offering, Location Type (Indoor, Outdoor), Application, End User Industry (Manufacturing, Energy & Utilities, Agriculture, Retail & Logistics, Transportation, Metal & Mining) and Region - Global Forecast to 2029
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.
Scope of the Report
Years Considered for the Study
2020-2029
Base Year
2023
Forecast Period
2024-2029
Units Considered
Value (USD Billion)
Segments
By Offering, Location Type, Application, End User Industry, and Region
Regions covered
North America, Europe, APAC, RoW
"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%
The major players include Eaton (Ireland), Honeywell International, Inc. (US), Siemens (Germany), Emerson Electric Co. (US), Schneider Electric SE (France), Advantech Co., Ltd. (Taiwan), HDL Automation (China), RSAE Labs Inc. (US), Wirepas Ltd (Finland), Dryad Networks GmbH (Germany) and AsiaRF Co., Ltd (Taiwan), Phoenix Contact (Germany), Westermo (Sweden), Tuya Inc. (China), Ackcio (Singapore), DusunIoT (China), Senet (US), Rajant Corporation (US), Quectel (China), NEXCOM International Co., Ltd. (Taiwan), Weidmuller Group (Germany), Digi International, Inc. (US), Kerlink (France), Milesight (US), Shanghai MXCHIP Information Technology Co., Ltd.(China), Actility (France.,
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
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 MARKETS COVERED
1.3 REGIONAL SCOPE
1.3.1 YEARS CONSIDERED
1.3.2 INCLUSIONS AND EXCLUSIONS
1.4 CURRENCY
1.5 STAKEHOLDERS
1.6 LIMITATIONS
1.7 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.1.1 Key industry insights
2.1.2 SECONDARY DATA
2.1.2.1 List of key secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Breakdown of primaries
2.1.3.2 Key data from primary sources
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to obtain market size using bottom-up analysis (demand side)
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to obtain market size using top-down approach
2.3 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 LIMITATIONS
2.6 RISK ASSESSMENT
2.7 APPROACH TO ANALYZE IMPACT OF RECESSION ON MESH GATEWAY MARKET
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MESH GATEWAY MARKET
4.2 MESH GATEWAY MARKET, BY OFFERING
4.3 ASIA PACIFIC MESH GATEWAY MARKET, BY APPLICATION & COUNTRY
4.4 MESH GATEWAY MARKET BY END-USE INDUSTRY
4.5 MESH GATEWAY MARKET, BY LOCATION TYPE
4.6 MESH GATEWAY MARKET, BY COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Rise in number of internet users
5.2.1.2 Increasing demand for fast and secure networks
5.2.1.3 Rise in industrial automation
5.2.2 RESTRAINTS
5.2.2.1 Higher initial cost and complex setup
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing adoption by SMEs
5.2.4 CHALLENGES
5.2.4.1 Data security and privacy concerns
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS
5.4 PRICING ANALYSIS
5.4.1 AVERAGE SELLING PRICE OF MESH GATEWAY HARDWARE
5.5 VALUE CHAIN ANALYSIS
5.5.1 RESEARCH, DESIGN, AND DEVELOPMENT
5.5.2 COMPONENT MANUFACTURING
5.5.3 MESH GATEWAY ASSEMBLY
5.5.4 DISTRIBUTION AND SALES
5.5.5 CUSTOMER SUPPORT
5.6 ECOSYSTEM ANALYSIS
5.7 INVESTMENT AND FUNDING SCENARIO
5.8 TECHNOLOGY ANALYSIS
5.8.1 KEY TECHNOLOGY
5.8.1.1 Mesh networking protocol
5.8.2 COMPLEMENTARY TECHNOLOGY
5.8.2.1 Edge computing
5.8.3 ADJACENT TECHNOLOGY
5.8.3.1 WiFi
5.9 PATENT ANALYSIS
5.10 TRADE ANALYSIS
5.10.1 IMPORT SCENARIO
5.10.2 EXPORT SCENARIO
5.11 TARIFF AND REGULATORY LANDSCAPE
5.11.1 TARIFF DATA
5.12 REGULATORY LANDSCAPE
5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13 KEY CONFERENCES AND EVENTS, 2024-2025
5.14 CASE STUDY ANALYSIS
5.15 PORTER'S FIVE FORCES ANALYSIS
5.15.1 INTENSITY OF COMPETITIVE RIVALRY
5.15.2 BARGAINING POWER OF SUPPLIERS
5.15.3 BARGAINING POWER OF BUYERS
5.15.4 THREAT OF SUBSTITUTES
5.15.5 THREAT OF NEW ENTRANTS
5.16 KEY STAKEHOLDERS & BUYING CRITERIA
5.16.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.16.2 BUYING CRITERIA
6 CONNECTIVITY PROTOCOLS IN MESH GATEWAY
6.1 INTRODUCTION
6.2 ZIGBEE
6.3 THREAD
6.4 WI-FI
6.5 OTHERS
7 MESH GATEWAY MARKET, BY OFFERING
7.1 INTRODUCTION
7.2 HARDWARE
7.2.1 RELIABLE DATA FLOW DUE TO INTERCONNECTED NODES - KEY DRIVER
7.3 SERVICES
7.3.1 CONTINUOUS MONITORING AND UPDATES - KEY DRIVERS
8 MESH GATEWAY MARKET, BY LOCATION TYPE
8.1 INTRODUCTION
8.2 INDOOR
8.2.1 FOCUS ON SAFETY AND EFFICIENCY IN INDOOR INDUSTRIAL OPERATIONS TO PROPEL MARKET
8.3 OUTDOOR
8.3.1 END-TO-END CONNECTIVITY BENEFITS TO BOOST SEGMENT
9 MESH GATEWAY MARKET, BY APPLICATION
9.1 INTRODUCTION
9.2 REMOTE MONITORING
9.2.1 INCREASING NEED FOR MONITORING AND REPORTING ACROSS VERTICALS TO DRIVE MARKET
9.3 ASSET TRACKING & MANAGEMENT
9.3.1 NEED FOR ENHANCED SECURITY AND LOSS PREVENTION - KEY SEGMENT DRIVERS
9.4 PREDICTIVE MAINTENANCE
9.4.1 INCREASING APPLICATION IN INDUSTRIAL VERTICAL TO DRIVE MARKET
9.5 SMART GRID MANAGEMENT
9.5.1 INCREASING APPLICATION OF FAULT DETECTION AND MANAGEMENT TO DRIVE MARKET
9.6 SUPPLY CHAIN MANAGEMENT
9.6.1 INCREASING NEED TO ACHIEVE SUSTAINABILITY TO DRIVE MARKET
9.7 TRAFFIC MANAGEMENT
9.7.1 NEED FOR REAL-TIME DATA EXCHANGE BETWEEN TRAFFIC CONTROL DEVICES TO DRIVE MARKET
9.8 OTHER APPLICATIONS
10 MESH GATEWAY MARKET, BY END-USE INDUSTRY
10.1 INTRODUCTION
10.2 ENERGY & UTILITIES
10.2.1 IMPROVED OPERATIONAL EFFICIENCY TO DRIVE SEGMENT
10.3 MANUFACTURING
10.3.1 INCREASING NEED FOR REAL-TIME MONITORING AND CONTROL TO DRIVE SEGMENT
10.4 RETAIL & LOGISTICS
10.4.1 WIDE-SCALE APPLICATION IN INVENTORY MANAGEMENT TO BOOST GROWTH
10.5 TRANSPORTATION
10.5.1 INCREASING NEED FOR EFFICIENCY, SAFETY, AND SERVICE QUALITY TO DRIVE MARKET
10.6 AGRICULTURE
10.6.1 DEMAND FOR CONNECTIVITY ACROSS REMOTE AGRICULTURAL FIELDS TO FUEL MARKET
10.7 METALS & MINING
10.7.1 IMPROVED SAFETY, EFFICIENCY, AND PRODUCTIVITY TO DRIVE MARKET
10.8 OTHER END-USE INDUSTRIES
11 MESH GATEWAY MARKET, BY REGION
11.1 INTRODUCTION
11.2 NORTH AMERICA
11.2.1 US
11.2.1.1 Market driven by increasing use of innovative solutions and presence of mesh gateway providers
11.2.2 CANADA
11.2.2.1 Strict government regulations and continuous technological development to drive market
11.2.3 MEXICO
11.2.3.1 Wide adoption in industrial applications - key growth driver
11.2.4 RECESSION IMPACT ON MARKET IN NORTH AMERICA
11.3 EUROPE
11.3.1 UK
11.3.1.1 Increasing investment in digital technology and automation in country to boost market
11.3.2 GERMANY
11.3.2.1 Market growth result of surge in deployment of mesh gateway in Industrie 4.0
11.3.3 SPAIN
11.3.3.1 High demand for home automation and government initiatives to grow awareness about mesh gateway
11.3.4 FRANCE
11.3.4.1 Increased industrial spending to boost mesh gateway demand
11.3.5 REST OF EUROPE
11.3.6 RECESSION IMPACT ON MARKET IN EUROPE
11.4 ASIA PACIFIC
11.4.1 CHINA
11.4.1.1 Booming wireless network industry to propel market
11.4.2 JAPAN
11.4.2.1 Rising adoption of industrial solutions for improved productivity and process optimization to boost market
11.4.3 INDIA
11.4.3.1 Consistent development of frameworks for mesh gateway applications to drive market
11.4.4 SOUTH KOREA
11.4.4.1 Funding for research & development and mesh gateway infrastructure to fuel growth
11.4.5 AUSTRALIA
11.4.5.1 Increase in home automation applications of mesh gateway to drive market
11.4.6 REST OF ASIA PACIFIC
11.4.7 RECESSION IMPACT ON MARKET IN ASIA PACIFIC
11.5 REST OF THE WORLD
11.5.1 SOUTH AMERICA
11.5.1.1 Increased focus on connectivity and networking technologies to fuel market growth
11.5.2 GCC
11.5.2.1 Government funding for research & development to boost market
11.5.3 REST OF MIDDLE EAST & AFRICA
11.5.4 RECESSION IMPACT ON ROW
12 COMPETITIVE LANDSCAPE
12.1 OVERVIEW
12.2 KEY STRENGTHS/RIGHT TO WIN, 2020-2023
12.3 REVENUE ANALYSIS, 2023
12.4 MARKET SHARE ANALYSIS, 2023
12.5 COMPANY VALUATION AND FINANCIAL METRICS
12.6 BRAND/PRODUCT COMPARATIVE ANALYSIS
12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
12.7.1 STARS
12.7.2 EMERGING LEADERS
12.7.3 PERVASIVE PLAYERS
12.7.4 PARTICIPANTS
12.8 COMPANY FOOTPRINT: KEY PLAYERS, 2023
12.8.1 COMPANY FOOTPRINT
12.8.2 OFFERING FOOTPRINT
12.8.3 APPLICATION FOOTPRINT
12.8.4 END-USE INDUSTRY FOOTPRINT
12.8.5 REGION FOOTPRINT
12.9 COMPANY EVALUATION MATRIX: KEY STARTUPS/SMES, 2023