Market Highlights:
The IOT node and gateway market is expected to grow at approximately USD 17 Billion by 2023, at 29% of CAGR between 2017 and 2023The regional wise segmentation of IOT node and gateway market consists of North America, Europe, Asia-Pacific and Rest of the World. North America is one of the most competitive markets across the globe with various regional players and a few large international players in IOT node and gateway market. Europe region is growing with an excellent pace in IOT node and gateway market. Emerging economies from countries such as Germany, UK, France, Russia, Italy, Benelux and Spain is driving IOT node and gateway market. Moreover, Asia-Pacific is also expected to have potential growth in the forecast period due to increasing investment of major players in IOT node and gateway market. The IOT node and gateway market is expected to grow at approximately USD 17 Billion by 2023, at 29% of CAGR between 2019 and 2023. The major growth driver of IOT node and gateway market includes rising demand for better internet network, advanced technology implementation in improving communication network, compactness of sensors, and increased use of sensors in biometric applications among others.
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The emerging trend in IOT node and gateway market is its application in numerous industries. NXP Semiconductors N.V. announced a modular IoT gateway solution for large node networks (LNNs) with pre-integrated, tested and RF certified support for a wide array of wireless communications protocols including Thread, ZigBee and Wi-Fi.
North America region is dominating the IOT node and gateway market with the largest market share owing to the developed network infrastructure and increasing IP security space. Asia-Pacific region is expected to grow with the highest CAGR owing to improve IOT network structure of developed countries and enterprises adopting the technology for the better network structure.By component segment the IOT node and gateway market consists of hardware that is further sub-segmented into processor, sensor, wired, wireless and memory device. The sensor segment consists of temperature sensors, blood glucose sensor and many more.
The major growth driver of IOT node and gateway market includes rising demand for better internet network, advanced technology implementation in improving communication network, compactness of sensors, and increased use of sensors in biometric applications among others. Hence the market for IOT node and gateway market is expected to grow approximately 29% of CAGR between 2017-2023. High utilization and upgrading of connectivity technology such as Bluetooth, zigbee, Wi-Fi and near field communication technology is one of the significant boosting IOT node and gateway market. BFSI accounts for high market share owing to high adoption of online banking, contactless payments and mobile banking application.
Key Players
The prominent players in the IOT node and gateway market are- Intel Corporation (U.S.), NXP Semiconductor N.V. (Netherlands), Texas Instruments Incorporated (U.S.), Cisco Systems Inc. (U.S.), Hewlett Packard Enterprise Co. (U.S.), Stmicroelectronics N.V. (Switzerland), Advantech Co., Ltd. (Taiwan), Eurotech S.P.A (Italy), Aaeon Components Inc. (Taiwan), Adlink Components Inc. (Taiwan) and others.
Segments:
IOT Node and Gateway market for segment on the basis of components and end-user
IOT Node and Gateway Market by Components:
Hardware
Processor
Microcontroller (MCU)
Microprocessor (MPU)
Digital Signal Processor (DSP)
Application Processor (AP)
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
Connectivity IC
Wired
Modbus
PROFINET
Foundation Fieldbus (FF)
Wireless
Ant+
Bluetooth
Bluetooth Smart/Bluetooth Low Energy (BLE)
Bluetooth/WLAN
ZigBee
Wireless Fidelity (Wi-Fi)
Near Field Communication (NFC)
Cellular Network
Wireless Highway Addressable Remote Transducer Protocol (WHART)
GPS/Global Navigation Satellite System (GNSS) Module
ISA100
Memory Device
On-chip Memory
Off-chip Memory/External Memory
IOT Node and Gateway Market by End-User:
BFSI
IT & Telecommunication
Healthcare
Wearable Devices
Consumer Electronics
Building & Automation
Agriculture
Aerospace & Defense
Others
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Industry Updates
January 10, 2019: A company specializing in the development of Artificial Intelligence and Internet of Things, Gopher Protocol Inc. has enabled mobile technologies, comprising a global mesh network technology platform for mobile as well as fixed solutions.
Regional Insights
Geographically, the IoT node and gateway market span across regions namely, Europe, North America,Asia-Pacific and Rest-of-the-World (RoW).
Among all the regions, the North American region is considered to dominate the IOT node and gateway market occupying the largest market share due to the well-developed network infrastructure coupled with therising IP security space.
The Asia-Pacific region is anticipated to expand with the highest CAGR due to the improving IOT network structure of enterprises and developed countries adopting the technology in order to createa better network structure.
The European region is expected to grow with a considerable pace owing to therising demand from the citizens for better internet connectivity. Moreover, investmentsmade by the government in IOT node and gateway market is further fueling the market growth in this region.
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