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.
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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
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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.
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