Asia Pacific Iot Node And Gateway Market Size & Outlook
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Asia Pacific iot node and gateway market highlights
- The Asia Pacific iot node and gateway market generated a revenue of USD 126,337.2 billion in 2023.
- The market is expected to grow at a CAGR of 16.1% from 2024 to 2030.
- In terms of segment, wi-fi was the largest revenue generating connectivity in 2023.
- Z-Wave is the most lucrative connectivity segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 126,337.2 billion |
| Market revenue in 2030 | USD 358,340.3 billion |
| Growth rate | 16.1% (CAGR from 2023 to 2030) |
| Largest segment | Wi-fi |
| Fastest growing segment | Z-Wave |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Zigbee, Wi-Fi, Bluetooth, Z-Wave |
| Key market players worldwide | Cisco Systems Inc, Sierra Wireless, Intel Corp, International Business Machines Corp, Huawei Technologies, Dell Technologies Inc Ordinary Shares - Class C, Advantech, NXP Semiconductors NV, Eurotech Ltd, Bosch, STMicroelectronics NV, Texas Instruments Inc, Particle, Helium, Laird Connectivity |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 26.4% of the global iot node and gateway market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 79,568.5 billion by 2030.
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IoT Node And Gateway Market Scope
IoT Node And Gateway Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Laird Connectivity | View profile | 1001-5000 | Akron, Ohio, United States, North America | https://www.lairdconnect.com/ |
| Particle | View profile | 101-250 | San Francisco, California, United States, North America | https://www.particle.io |
| Helium | View profile | 11-50 | San Francisco, California, United States, North America | https://www.helium.com |
| Advantech | View profile | 5001-10000 | Taipei, T'ai-pei, Taiwan, Asia | http://www.advantech.com |
| Eurotech Ltd | View profile | 7 | 10306 Eaton Place, Suite 220, Fairfax, VA, United States, 22030 | http://www.eurotechltd.com |
| Huawei Technologies | View profile | 10001+ | Shenzhen, Guangdong, China, Asia | http://huawei.com |
| Bosch | View profile | 10001+ | Stuttgart, Baden-Wurttemberg, Germany, Europe | http://www.bosch.com |
| Sierra Wireless | View profile | 1001-5000 | Richmond, British Columbia, Canada, North America | http://www.sierrawireless.com |
| Cisco Systems Inc | View profile | 84900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | https://www.cisco.com |
| NXP Semiconductors NV | View profile | 34200 | 60 High Tech Campus, Eindhoven, NB, Netherlands, 5656 AG | https://www.nxp.com |
| Texas Instruments Inc | View profile | 34000 | 12500 TI Boulevard, Dallas, TX, United States, 75243 | https://www.ti.com |
| STMicroelectronics NV | View profile | 51323 | 39, Chemin du Champ des Filles, Plan-Les-Ouates, Geneva, Switzerland, 1228 | https://www.st.com |
| Dell Technologies Inc Ordinary Shares - Class C | View profile | 120000 | One Dell Way, Round Rock, TX, United States, 78682 | https://www.delltechnologies.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
| Intel Corp | View profile | 124800 | 2200 Mission College Boulevard, Santa Clara, CA, United States, 95054-1549 | https://www.intel.com |
Asia Pacific iot node and gateway market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to iot node and gateway market will help companies and investors design strategic landscapes.
Wi-fi was the largest segment with a revenue share of 36.49% in 2023. Horizon Databook has segmented the Asia Pacific iot node and gateway market based on zigbee, wi-fi, bluetooth, z-wave covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific region is expected to grow at a significant CAGR of 16.1%. Rapid urbanization and population growth have created a pressing need for IoT solutions to address the challenges of burgeoning urban centers, ranging from efficient transportation and healthcare management to smart energy usage.
Furthermore, Asia Pacific's prominence as a global manufacturing hub has fostered a strong demand for IoT technology in optimizing production processes and supply chain efficiency across industries like electronics and automotive.
Government initiatives in several countries, such as India's "Digital India" and China's "Made in China 2025," have actively encouraged IoT adoption by providing financial support, regulatory frameworks, and incentives.
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Our clientele includes a mix of iot node and gateway market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific iot node and gateway market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific iot node and gateway market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific iot node and gateway market size, by country, 2018-2030 (US$B)
Asia Pacific IoT Node And Gateway Market Outlook Share, 2023 & 2030 (US$B)
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