USD 438.17 Billion
IoT Node and Gateway Market Size, Share, Growth Analysis, By Component(Hardware - Processors (Microcontroller Unit (MCU), Microprocessor Unit (MPU), Digital Signal Processor (DSP), Application Processor (AP))), By End User Application(Industrial (Healthcare {Device types [Fitness and heart rate monitors, Blood pressure monitors, Blood glucose meters, Continuous glucose monitors), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45A2349 |
Region:
Global |
Published Date: October, 2024
Pages:
192
|Tables:
97
|Figures:
71
IoT Node and Gateway Market Insights
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 need for efficient data collection, real-time management, and seamless communication is driving the adoption of this technology. Furthermore, advances in 5G, AI and other wireless communication technologies are increasing the market potential, enabling faster and more reliable data transfer. Key drivers for growth Internet of Things Increasing (IoT) applications in healthcare, manufacturing, agriculture and smart cities. Furthermore, the market scenario is improving as Low Power Wide Area Network (LPWAN) technologies such as LoRa, Sigfox with wide bandwidth and low power consumption. Sensor-equipped nodes collect real-time data, while gates ensure that this data reaches its destination safely and efficiently. Companies are using node-gateway technology to improve performance. Agriculture benefits from soil water data, manufacturing improves productivity, and smart cities improve infrastructure; Gaining traction with 5G connectivity, nodes & gateways are once again contributing to support high speed and low-latency data transfers. Rapid expansion is a characteristic of a market driven by high adoption of IoT solutions. It incorporates sensors, actuators and captures real-world data, while the gateway enables efficient transfer of data to a central system.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Consumer Electronics
Fastest Growth
Service
Growth Rate
6.5%
Global IoT Node and Gateway Market ($ Bn)
Country Share for North America Region (%)
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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 (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)) and services. Based on end use application, the market is segmented into 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, Gateways]}, Automotive & Transportation {Device types [Connected cars , 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, Gateways}, Building Automation {Device types [Occupancy sensors, Daylight sensors, Smart thermostats, IP cameras, Smart meters, Smart locks, Smoke detectors, Gateways]}, Manufacturing {Device types [Temperature sensors, Pressure sensors, Level sensors, Flow sensors, Chemical sensors, Humidity sensors, Motion & position sensors, Image sensors, Gateways]}, Retail {Device types [Intelligent vending machines, Contactless checkout/Point of sale systems, Smart mirrors, Smart shopping carts, Digital signage, Smart tags, Wireless beacons, Gateways]}, Banking, Financial Services And Insurance (BFSI) {Device types [Mobile point of sale (mPOS) solutions, Smart/Interactive kiosks, Gateways]}, Oil & Gas {Device types [Temperature sensors, Pressure sensors, Level sensors, Flow sensors, Image sensors, Other sensors], 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]}). Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and MEA.
Analysis by End Use
The consumer electronics segment is dominate the market by 2022. The market is particularly strong and is expected to grow significantly in the coming years. The rise in popularity of IoT technologies is due to convenience and services it provides to users. This allows users to connect and control multiple devices from one place, making their lives easier and more efficient. For example, people can control their home appliances, lighting and security systems from their smartphones or other connected devices.
Aerospace and defense are expected to follow a CAGR of 13.9% between 2023 and 2030. Thus, market growth is expected in aerospace and security business will continue in the coming years. For example, in April 2022, Intel Corporation innovative 5G software and hardware solutions to enable faster and decisive actions for the US Department of Defense Announced that Lockheed-Martin signed their contract for implementation.
Analysis by Component
The hardware is the dominating segment of the market. These products are the architecture of IoT devices, enabling them to store, process and transmit data efficiently and reliably. The most prominent feature of IoT hardware components is miniaturization. Manufacturers are constantly trying to reduce the size of sensors, processors, and other components, while maintaining or optimizing their performance. In May 2022, Advantech Co., Ltd. will have 100,000 shares installed UNO-2271G V2. The next-generation UNO-2271G V2 Edge IoT Gateway features a modular design and is easily integrated with a second stack of optional I/O expansion modules to support different operations.
The service segment is expected to track the highest CAGR of 15% by 2030. The IoT landscape, nodes and gateways form the backbone, connecting various devices and the systems to the cloud or other data processing systems while sensors form the hardware most important part of nodes and gateways, which provide real-time information about the physical world. In March 2022, Intel Corporation acquired Granulet Cloud Solutions Ltd., an Israeli developer of continuous real-time software.
Global IoT Node and Gateway Market By End User Application
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IoT Node and Gateway Market Regional Insights
North America dominated the IoT node and gateway market by 2022 with more than 36.0% revenue share. The region is at the forefront of technological innovation, with a strong ecosystem of technology companies, start-ups and research institutes. This situation has led to the development of sophisticated IoT solutions, making it an ideal market for adoption. The region has been quick to adopt emerging technologies such as 5G, edge computing and AI, which are essential for IoT deployments.
Asia Pacific is the fastest growing region in the market. The manufacturing sector in India is rapidly adopting IoT technology to improve efficiency, reduce downtime and optimize infrastructure. The increasing adoption of IIoT solutions is driving demand for IoT gateways designed for industrial applications in India. India’s IoT ecosystem is expanding rapidly, driven by government initiatives like Digital India and Smart Cities Mission. The country’s demographics, increasing smartphone penetration and increasing connectivity infrastructure are driving the adoption of IoT solutions across industries. IoT gateways are an integral part of this ecosystem by providing constant communication and information exchange between IoT devices and the cloud.
Global IoT Node and Gateway Market By Region
- Largest
- Fastest
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IoT Node and Gateway Market Dynamics
Drivers
Increased Technological Advancement and Connectivity
- One of the major drivers for the IoT Node and Gateway market is the rapid pace of technology and increasing Internet speeds with the advent of 5G networks and higher data transfer capacity, lower latency and more device connectivity. This connectivity is essential for the seamless operation of IoT devices, enabling advanced real-time analytics and decision-making processes in industries such as healthcare, manufacturing, and smart cities.
Increasing Adoption of IoT in Various Industries
- Another important driver is the increasing adoption of IoT technologies in various industries. Industries such as healthcare, agriculture, automotive, and manufacturing are increasingly integrating IoT solutions to improve efficiency, reduce costs and increase operational efficiency. The devices help in precision agriculture by providing real-time information on soil conditions, weather conditions and crop health.
Restraints
Security and Privacy Issues
- One of the major restraints in the IoT node and gateway market is security and privacy concerns. As the number of connected devices increases, the potential for security breaches increases. IoT devices are often targeted by cybercriminals because of vulnerabilities in their software or network infrastructure. These security issues can lead to data breaches, unauthorized access, and other malicious acts, posing serious risks to businesses and individuals. Strong security measures and compliance with privacy laws is potentially important but difficult and expensive.
Increased Implementation Costs
- The high cost associated with implementing IoT solutions is also a hindrance to the growth of the market. Initial investments in IoT infrastructure, including the installation of devices, gateways and networks, can be substantial. Small and medium-sized enterprises (SMEs) can find it difficult to justify this expense, especially if the return on investment (ROI) is not immediately apparent. Additionally, ongoing maintenance and innovation adds to the financial burden, potentially slowing the widespread adoption of IoT technology.
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IoT Node and Gateway Market Competitive Landscape
The competitive landscape of the IoT node and gateway market is characterized by strategic partnerships, collaborations and alliances between key players. These partnerships are crucial for technological innovation, market expansion and comprehensive IoT solutions. An exemplary example of such a partnership is the work of Cisco Systems, Inc.; and Microsoft Corporation. In recent years, Cisco, a leading provider of networking and cybersecurity solutions, has partnered with Microsoft, a global leader in software and cloud services, to provide enhanced IoT solutions for its customers. The partnership aims to provide easy communication and improved security and analytical capabilities among companies across sectors.
Top Player’s Company Profiles
- Intel Corporation (United States)
- Qualcomm Technologies, Inc. (United States)
- Texas Instruments Incorporated (United States)
- STMicroelectronics (Switzerland)
- Microchip Technology Inc. (United States)
- Huawei Technologies Co., Ltd. (China)
- NXP Semiconductors N.V. (Netherlands)
- Cisco Systems, Inc. (United States)
- 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)
- Mitsubishi Electric Corporation (Japan)
- Lantronix, Inc. (United States)
Recent Developments
- In February 2024, wireless mesh networking has established itself as a feasible decentralized approach for connecting the increasing IoT and industrial IoT devices. It will provide services by connecting every device in a mesh topography, through which individual packets can be routed in multiple ways to a specific node or gateway which involves multiple hops from source to destination.
- In March 2024, Z-Wave Alliance announced the completion of Z wave LR for the European market and will be available to member companies. It has further announced that ZWLR will be available North American market. Further, updates regarding the ZWL certification program details will be providedsoon and it will be available to European alliance members for product development.
- In January 2024, Worldsensing which is an Internet of things (IoT) remote monitoring provider has announced the launch of a wireless sensor for long term monitoring of vibration in civil engineering projects. The new vibration meter of the world sensing company is a wireless sensor which will help in long term, continuous vibration monitoring projects.
IoT Node and Gateway Key Market Trends
- Rise in the Edge Computer Networking: A major trend in the IoT node and gateway market is the integration of edge computing. As the amount of data generated by IoT devices grows exponentially, it becomes necessary to process this data at the edge closer to the point of production rather than to centralized cloud servers. Edge computing reduces latency, it provides data processing speed increases, improving the performance of IoT systems. These characteristics are particularly useful for applications that require real-time operations and rapid decision-making such as autonomous vehicles, industrial automation and smart-city infrastructure.
IoT Node and Gateway Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The IoT node and gateway market is poised for significant growth, driven by technological advances and widespread adoption of IoT solutions across industries. But the market faces major challenges, with security concerns and high implementation costs that need to be addressed to achieve sustainable growth. Integration of edge computing is emerging as an important, promising trend to increase the performance and efficiency of IoT systems by enabling real-time data processing, balancing constraints and trends will be key to unlocking the full potential of IoT technologies.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 412.60 billion |
| Market size value in 2031 | USD 1219.86 billion |
| Growth Rate | 12.8% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on IoT Node and Gateway Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on IoT Node and Gateway Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the IoT Node and Gateway Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the IoT Node and Gateway Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the IoT Node and Gateway Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the IoT Node and Gateway Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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