IoT Node and Gateway Market Size, Share, Growth Analysis, By Component (Hardware, Service), By End Use Application (Consumer Electronics, Aerospace and Defense), By Region - Industry Forecast 2024-2031
Hewlett Packard Enterprise Development LP(United States)
TE Connectivity Ltd.(Switzerland)
Advantech Co., Ltd.(Taiwan)
Dell Technologies(United States)
Siemens(Germany)
Helium Systems Inc.(United States)
Samsara Networks Inc.(United States)
Beep Inc.(United States)
Estimote, Inc.(United States)
AAEON Technology Inc.(Taiwan)
Nexcom International Co., Ltd.(Taiwan)
Eurotech(Italy)
Adlink Technology Inc.(Taiwan)
Volansys(India)
Embitel Technologies(India)
Mitsubishi Electric Corporation(Japan)
Lantronix, Inc.(United States)
Cradlepoint, Inc.(United States)
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Global IoT node and gateway market size was valued at USD 412.60 billion in 2022 and is poised to grow from USD 465.41 billion in 2023 to USD 1219.86 billion by 2031, growing at a CAGR of 12.8% in the forecast period (2024-2031).
The market for advanced data collection and communication technologies is experiencing significant growth, fueled by the rising demand for efficient data management and real-time analytics across various sectors. The integration of 5G, artificial intelligence, and other wireless communication advancements is set to enhance this trajectory, facilitating faster and more robust data transmission capabilities. Key growth drivers include the escalating applications of the Internet of Things (IoT) within industries such as healthcare, manufacturing, agriculture, and smart cities. The advent of Low Power Wide Area Network (LPWAN) technologies, including LoRa and Sigfox, supports this expansion by offering broad bandwidth coupled with low energy consumption. By employing sensor-equipped nodes, real-time data is captured effectively, while gateways ensure the secure and streamlined delivery of this information to centralized systems. This synergy of node-gateway technology is markedly improving operational efficiency; for instance, agriculture is enhanced through soil moisture monitoring, manufacturing productivity is elevated, and infrastructure in smart cities is optimized. The growing prevalence of 5G connectivity further empowers these nodes and gateways, enabling high-speed, low-latency data transfers that are essential for IoT solutions. As a result, the market is characterized by rapid expansion and increasing adoption of innovations designed to integrate sensors and actuators, capturing real-world data and seamlessly transferring it to central systems for analysis and decision-making.
Top-down and bottom-up approaches were used to estimate and validate the size of the global iot node and gateway market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
global iot node and gateway Market Segmental Analysis
Global IoT node and gateway market is segmented based on component, end user, and region. Based on component, the market is segmented into Hardware (Processors, Sensors, Connectivity Integrated Circuits (ICS), Memory Devices, Logic Devices), and Services. Based on end use application, the market is segmented into Industrial (Healthcare, Automotive & Transportation, Building Automation, Manufacturing, Retail, BFSI, Oil & Gas, Agriculture, Aerospace & Defense), Consumer (Wearable Devices, Consumer Electronics). Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and MEA.
Driver of the global iot node and gateway Market
The global IoT Node and Gateway market is significantly driven by the swift advancement in technology, particularly with the rollout of 5G networks, which offer enhanced data transfer capabilities, reduced latency, and the ability to connect a vast number of devices simultaneously. This enhanced connectivity is vital for the optimal functioning of IoT ecosystems, facilitating sophisticated real-time analytics and informed decision-making across diverse sectors, including healthcare, manufacturing, smart cities, and beyond. As industries increasingly rely on interconnected devices to boost operational efficiency and innovate services, the demand for robust IoT nodes and gateways continues to surge, propelling market growth.
Restraints in the global iot node and gateway Market
A significant restraint in the global IoT node and gateway market is the escalating security and privacy concerns associated with the proliferation of connected devices. With an increasing number of IoT devices, the vulnerabilities within their software and network infrastructures present attractive targets for cybercriminals. This heightened risk of security breaches can lead to severe consequences, including data leaks and unauthorized access, thereby jeopardizing the integrity of both individual and organizational data. While implementing robust security measures and adhering to stringent privacy regulations is crucial, the associated costs and complexity can deter many businesses from fully embracing IoT technologies, ultimately stifling market growth.
Market Trends of the global iot node and gateway Market
The global IoT node and gateway market is witnessing a significant shift towards edge computing integration, driven by the exponential surge in data generated by IoT devices. As organizations seek to enhance operational efficiency and responsiveness, processing data closer to its source minimizes latency and accelerates data throughput. This trend is particularly impactful for applications demanding real-time decision-making, such as autonomous vehicles, industrial automation, and smart-city initiatives. By leveraging edge computing capabilities, businesses can achieve superior system performance and resilience, fostering a more connected and intelligent IoT ecosystem. This evolution is positioning edge computing as a cornerstone of future IoT strategies globally.
Table of Contents
Introduction
Objectives of the Study
Definitions
Market Scope
Research Methodology
Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations
Executive Summary
Market Overview Outlook
Supply Demand Trend Analysis
Segmental Opportunity Analysis
Market Dynamics & Outlook
Market Dynamics
Drivers
Opportunities
Restraints
Challenges
Porters Analysis
Competitive rivalry
Threat of Substitute Products
Bargaining Power of Buyers
Threat of New Entrants
Bargaining Power of Suppliers
Key Market Insights
Technology Analysis
Pricing Analysis
Value Chain Analysis
Case Study Analysis
Trade Analysis
Ecosystem of the Market
Customer & Buying Criteria Analysis
Patent Analysis
Regulatory Landscape
PESTEL Analysis
Innovation Matrix
Top Investment Analysis
Key Success Factor
Market Attractive Index
Degree of Competition
IoT Node and Gateway Market by Component
Market Overview
Hardware
Processors
Microcontroller Unit (MCU)
Microprocessor Unit (MPU)
Digital Signal Processor (DSP)
Application Processor (AP)
Sensors
Accelerometer
Inertial Measurement Unit (IMU)
Heart Rate Sensor
Pressure Sensor
Temperature Sensor
Blood Glucose Sensor
Blood Oxygen Sensor
Electrocardiogram (ECG)Sensor
Humidity Sensor
Image Sensor
Ambient Light Sensor
Flow Sensor
Level Sensor
Chemical Sensor
Carbon Monoxide Sensor
Motion And Position Sensor
Camera Module
Other
Connectivity Integrated Circuits (ICS)
Connectivity Technology
Wired
Ethernet/IP
Modbus
Process Field Network (PROFINET)
Foundation Fieldbus (FF)
Wireless
ANT+ Bluetooth
Bluetooth Smart/Bluetooth Low Energy (BLE)
ZigBee
Wireless Fidelity (Wi-Fi)
Near-field Communication (NFC)
Cellular network
WirelessHART
Global Positioning System (GPS)/Global Navigation Satellite System (GNSS)module
ISA100
Bluetooth/WLAN
Memory Devices
On-chip Memory
Off-chip Memory/External Memory
Logic Devices
Field-programmable Gate Array (FPGA))
Services
IoT Node and Gateway Market by End Use Application
Market Overview
Industrial
Healthcare
Device types
Fitness and heart rate monitors
Blood pressure monitors
Blood glucose meters
Continuous glucose monitors
Pulse oximeters
Automated external defibrillators
Programmable syringe pumps
Wearable injectors
Multiparameter monitors
Fall detectors
Smart pill dispensers
Automotive & Transportation
Device types
Connected cars
Level 1 - driver assistance
Adaptive cruise control (ACC)
Lane departure warning system (LDWS)
Parking assist (PA)system)
Level 2 - partial automation
Lane keeps assist (LKA)and ACC (improved)
PA (improved)
Level 3 - conditional automation
Traffic jam chauffeur
Highway driving
Level 4 - high automation
Sensor fusion
Automatic pilot highway
Ultrasonic sensors
Cameras/image sensors
Radar
LiDAR
Infrared (IR)detectors
In-car infotainment
Traffic management systems
Vehicle detection sensor
Pedestrian presence sensor
Speed sensor
Thermal camera
Automated incident detection (AID)camera
Public transport/mass transit systems
E-tolls/E-highways
Building Automation
Device types
Occupancy sensors
Daylight sensors
Smart thermostats
IP cameras
Smart meters
Smart locks
Smoke detectors
Manufacturing
Device types
Temperature sensors
Pressure sensors
Level sensors
Flow sensors
Chemical sensors
Humidity sensors
Motion & position sensors
Image sensors
Retail
Device types
Intelligent vending machines
Contactless checkout/Point of sale systems
Smart mirrors
Smart shopping carts
Digital signage
Smart tags
Wireless beacons
Banking, Financial Services and Insurance (BFSI)
Device types
Mobile point of sale (mPOS)solutions
Smart/Interactive kiosks
Oil & Gas
Device types
Temperature sensors
Pressure sensors
Level sensors
Flow sensors
Image sensors
Others
Agriculture
Device types
Climate sensors
Soil moisture sensors
Level sensors
Aerospace & Defense
Device types
Smart baggage tags
Smart beacons
Drones/Unmanned aerial vehicles (UAVs)
Consumer
Wearable Devices
Device types
Activity monitors
Smartwatches
Smart glasses
Body-worn cameras
Consumer Electronics
Device types
Smart lighting
Smart TVs
Smart washing machines
Smart dryers
Smart refrigerators
Smart ovens
Smart cooktops
Smart cookers
Smart deep freezers
Smart dishwashers
Smart coffee makers
Smart kettles
IoT Node and Gateway Market Size by Region
Market Overview
North America
USA
Canada
Europe
Germany
Spain
France
Italy
UK
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East & Africa (MEA)
GCC Countries
South Africa
Rest of MEA
Competitive Landscape
Top 5 Player Comparison
Market Positioning of Key Players, 2023
Strategies Adopted by Key Market Players
Recent Activities in the Market
Key Companies Market Share (%), 2023
Key Company Profiles
Cisco Systems Inc. (US)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Intel Corporation (United States)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Qualcomm Technologies, Inc. (United States)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Texas Instruments Incorporated (United States)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
STMicroelectronics (Switzerland)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Microchip Technology Inc. (United States)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Huawei Technologies Co., Ltd. (China)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
NXP Semiconductors N.V. (Netherlands)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Cisco Systems, Inc. (United States)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Hewlett Packard Enterprise Development LP (United States)