China Iot Node And Gateway Market Size & Outlook
China iot node and gateway market, 2018-2030 (US$B)
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China iot node and gateway market highlights
- The China iot node and gateway market generated a revenue of USD 43,016.8 billion in 2023 and is expected to reach USD 106,606.3 billion by 2030.
- The China market is expected to grow at a CAGR of 13.8% 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.
Iot node and gateway market data book summary
| Market revenue in 2023 | USD 43,016.8 billion |
| Market revenue in 2030 | USD 106,606.3 billion |
| Growth rate | 13.8% (CAGR from 2023 to 2030) |
| Largest segment | Wi-fi |
| Fastest growing segment | Z-Wave |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 9.0% of the global iot node and gateway market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China iot node and gateway market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 51,601.0 billion by 2030.
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IoT Node And Gateway Market Scope
IoT Node And Gateway Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 36.48% in 2023. Horizon Databook has segmented the China 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.
China recorded the largest market share of 34% in 2022, primarily due to robust government support and strategic initiatives. The Chinese government's ambitious programs, including "Made in China 2025" and "Internet Plus," have propelled the rapid proliferation of IoT technology by offering substantial funding, regulatory facilitation, and incentives to businesses.
These initiatives have nurtured an innovation-friendly ecosystem, fostering IoT adoption across diverse industries, from manufacturing and agriculture to smart cities and healthcare. Moreover, the country's focus on technological innovation, coupled with its leadership in 5G infrastructure development, has created demand for IoT node and gateway.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China iot node and gateway market , including forecasts for subscribers. This country databook contains high-level insights into China iot node and gateway market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China iot node and gateway market size, by connectivity, 2018-2030 (US$B)
China IoT Node And Gateway Market Outlook Share, 2023 & 2030 (US$B)
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