The Global Cellular Router and Gateway Market 8th Edition

The Global Cellular Router and Gateway Market 8th Edition

The Global Cellular Router and Gateway Market analyses the latestdevelopments on the cellular router, gateway and modem market.This strategic research report from Berg Insight provides you withmore than 130 pages of unique business intelligence including 5-yearindustry forecasts and expert commentary on which to base yourbusiness decisions.

The Global Cellular Router and Gateway Market 8th Edition

Cellular routers and gateways are standalone devices that provide primary or backup cellularconnectivity to devices in a local network. For this report, Berg Insight defines the productcategory as general-purpose cellular routers, gateways and modems enclosed in a chassis withan external power supply, no display and at least one input/output port. Cellular routers andgateways have evolved over the past decades from simple networking devices to aggregationpoints for devices, implementing advanced functionality for security and edge computing.

The cellular router and gateway market is driven by the growing need to connect assets andworkforces in remote and temporary locations as enterprises digitalise their operations. Annualshipments amounted to 6.3 million units in 2023, generating annual revenues of US$ 1.6 billion,an increase of 3 percent from the previous year. The Americas is the largest regional market,accounting for about US$ 764 million. The average selling price in the region is significantlyhigher compared to other markets, primarily due to a higher share of feature-rich, high-speed4G LTE and 5G devices in the product mix. The market value of the European and Asia-Pacificregions accounted for US$ 424 million and US$ 343 million respectively. Berg Insight forecaststhat the market will grow at a CAGR of 12.0 percent in the next five years to reach US$ 2.8 billionin 2028.

Berg Insight ranks Ericsson (formerly Cradlepoint) as the market leader with an estimatedUS$ 380 million in annual revenues from cellular router sales (adjusted for comparability due tothe company’s subscription model). Teltonika Networks is the second largest provider withUS$ 141 million in annual revenues. Top players further include Cisco, Semtech and DigiInternational, which generated cellular router and gateway revenues in the range of US$ 75–110million. The top five vendors held a combined market share of about 50 percent.

Other vendors with a significant presence in the cellular router and gateway market are Peplink,Hongdian, InHand Networks, Inseego and Four-Faith. All of the top ten cellular router andgateway vendors shipped more than 100,000 devices in 2023. Notable vendors further includeBEC Technologies, Belden, DZS, Fortinet, Lantronix and MultiTech in North America; Advantech,Milesight, Moxa and Robustel in the Asia-Pacific region; and Eurotech, HMS Networks, RAD,Webdyn and Westermo in the EMEA region.

Though many distributed enterprises are already taking advantage of the fast deployment timeand ease of use of cellular solutions, Berg Insight believes that the trend will accelerate in the 5Gera. As the cost per GB decreases, 5G connectivity will become an increasingly attractivealternative to fixed broadband and over time reach a level in which the monthly fee is comparableto a fixed broadband subscription, thereby expanding the market for cellular routers, gatewaysand modems.