Global Cellular Router Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Cellular Router Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Cellular Router market finds that the global Cellular Router market reached a value of USD 1223.06 million in 2022. It’s expected that the market will achieve USD 2172.81 million by 2028, exhibiting a CAGR of 10.05% during the forecast period.

Thanks to strong policy support, accelerated vaccine rollout, and, where possible, the gradual easing of pandemic-related restrictions, growth resumed forcefully in Europe in 2021. Despite the favorable short-term outlook, long-term structural challenges remain. Some of these pre-date the pandemic, the impacts of population aging, weak productivity growth, and accelerating climate change. Rising income and wealth inequality, territorial disparities within and among Member States, and unequal access to education and skills were holding back economic growth and creating strain on Europe's social fabric. The pandemic has made many of these challenges more pressing and added others: Public finances have taken a considerable hit and fiscal divergence between Member States has increased; Investment needs are pressing; The COVID-19 crisis has aggravated a number of pre-existing vulnerabilities; The challenge of boosting socioeconomic resilience has become more apparent. The pandemic has also impacted the European cellular router market, with tight supply chains leading to increased uncertainty in the operating environment.

Region Overview:

United States dominated the Cellular Router market in 2021, with a market share of 40.82%.

Company Overview:

Digi International is one of the major players operating in the Cellular Router market, holding a share of 11.03% in 2022.

Digi International

Since 1985, Digi International Inc. (Digi) has been a pioneer in wireless communication, forging the future for connected devices and responding to the needs of the people and enterprises that use them.

Before the Internet of Things was a thing, they built M2M and IoT devices, adapted to evolving network standards, and optimized data communications around the most advanced protocols and emerging technologies. From radio frequency modems to gateways, cellular routers, networking devices, embedded system-on-modules (SOM), and single-board computers (SBCs), Digi's solutions have continually grown to serve the full breadth of applications across the IoT landscape.

Sierra Wireless

A Comprehensive Set of IoT Solutions Powered by Cellular Technology. For almost 30 years Sierra Wireless has led the cellular technology space, bringing a robust set of IoT Solutions to their customers across the globe. Trust Sierra and its history of leadership in cellular technology solutions to power data-driven business.

Key Companies in the global Cellular Router market covered in Chapter 3:

InHand Networks
Cisco
Advantech
Peplink International
Sierra Wireless
Teltonika Networks
Digi International
SATEL
CradlePoint
Moxa
CalAmp Corp
Belden
Siemens

In Chapter 4 and Chapter 14.2, on the basis of types, the Cellular Router market from 2018 to 2029 is primarily split into:

3G Cellular Router
4G LTE Cellular Router

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Cellular Router market from 2018 to 2029 covers:

Commercial
Residential
Industrial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)