LONDON--(BUSINESS WIRE)--The global industrial routers market is projected to grow to USD 1,205.1 million by 2021, at a CAGR of almost 9% over the forecast period, according to Technavio’s latest report.
In this report, Technavio covers the market outlook and growth prospects of the global industrial routers market for 2017-2021. Based on product type, the market is divided into wired router and wireless router segments.
|Industrial routers help to develop and speed-up Internet connectivity. They are also integrated with safety solutions to protect the consumers from hacking threats. The adoption of industrial routers allows enhanced productivity for the industry while keeping the operational costs at a minimum, which is resulting in their increased adoption.|
Technavio’s research study segments the global industrial routers market into the following regions:
Industrial routers market in EMEA
“EMEA is the largest regional segment of the industrial routers market, generating more than 38% of the overall revenue. The development of the manufacturing industry and other new projects for the oil and gas industry will support the sales of industrial routers in EMEA,” says Bharath Kanniappan, a lead analyst at Technavio for automation research.
The key end-users are the manufacturing and automotive industries in Europe, oil and gas industry in the Middle East, and transportation sector in Africa. Also, the region is witnessing increasing investments towards industrial resources, enabling the production of more durable and robust industrial routers capable of surviving even in harsh and demanding industrial environments.
Looking for more information from this report? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Industrial routers market in the Americas
The automotive and manufacturing industries are the key end-users of the industrial routers market in the Americas. Routers can be used in an array of industries, ranging from small and medium scale enterprises (SMEs) to multi-national companies, owing to their operational efficiency. Additionally, high-speed Internet and other safety options integrated with anti-hacking solutions push the end-users to upgrade the industrial routers. The rising investments towards the growth of the industrial routers market from South America are also expected to significantly impact the growth of the market segment.
Industrial routers market in APAC
“APAC is the fastest growing regional segment, projected to showcase a CAGR of 9.15% over the forecast period. The growth will be propelled by the shift of manufacturing units of industries such as automotive, manufacturing, electronics, semiconductor, and manufacturing to APAC,” says Bharath.
China, Japan, and South Korea are expected to be the major contributors to the growth of the market over the forecast period. Also, the rise in investments in automotive production, semi-conductor devices, and steel manufacturing in APAC will lead to increased adoption of wired industrial routers during the forecast period.
The top vendors in the global industrial routers market highlighted in the report are:
- Huawei Technologies
- Juniper Networks
Browse Related Reports:
- Global Industrial Wireless Sensors Market 2017-2021
- Global Commercial Router Market 2017-2021
- Global Mobile Hotspot Market 2016-2020
Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like robotics. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.