The Global Cellular Router and Gateway Market - 7th Edition

The Global Cellular Router and Gateway Market analyses the latest developments on the cellular router, gateway and modem market. This strategic research report provides you with more than 115 pages of unique business intelligence including 5-year industry forecasts and expert commentary on which to base your business decisions.

A major survey among all the cellular IoT gateway vendors has been completed and it was found that the global cellular IoT gateway market was worth approximately US$ 1.44 billion in 2022, an increase of 19 percent from the previous year. The report estimates that shipments of cellular IoT gateways will grow from 5.6 million units in 2022 at a compound annual growth rate (CAGR) of 10.9 percent to reach 9.5 million units in 2027. The report also includes vendor market shares and market forecasts for the IoT module market. Get up to date on the latest trends from all the main regions with this unique 115 page report.

The cellular router and gateway market to reach US$ 2.5 billion in 2027

Cellular routers and gateways are standalone devices that provide primary or backup cellular connectivity to devices in a local network. For the purpose of this report, the publisher defines the product category as general-purpose cellular routers, gateways and modems that are enclosed in a chassis with external power supply, no display and at least one input/output port. Cellular routers and gateways have evolved over the past decades from simple networking devices to aggregation points 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 and work forces in remote and temporary locations as enterprises digitalise their operations. Annual shipments amounted to 5.6 million units in 2022, generating annual revenues of US$ 1.4 billion, an increase of 19 percent from the previous year. The Americas is the largest regional market, accounting for about US$ 721 million. The average selling price in the region is significantly higher compared to other markets, primarily due to a higher share of feature-rich, high-speed 4G LTE and 5G devices in the product mix. The market value of the European and AsiaPacific regions accounted for US$ 366 million and US$ 302 million respectively. The report forecasts that the market will grow at a CAGR of 12.1 percent in the next five years to reach US$ 2.5 billion in 2027.

The report ranks Ericsson-owned Cradlepoint as the market leader with an estimated US$ 360 million in annual revenues from IoT gateway sales (adjusted for comparability due to the company’s subscription model). Sierra Wireless, part of Semtech since early 2023, is the second largest provider with US$ 132 million in annual revenues. Top players further include Teltonika Networks, Cisco and Digi International, which generated cellular router and gateway revenues in the range of US$ 80–126 million. The top five vendors held a combined market share of about 56 percent. The cellular router and gateway market to reach US$ 2.5 billion in 2027

Other vendors with significant presence on the cellular router and gateway market are Hongdian, Peplink, InHand Networks, Four-Faith and HMS Networks. All of the top ten cellular IoT gateway vendors shipped more than 100,000 devices in 2022. Notable vendors further include BEC Technologies, Belden, Casa Systems, Lantronix, MultiTech and Systech in North America; Advantech, Milesight, Moxa and Robustel in the Asia-Pacific region; Eurotech, Option, RAD, Webdyn and Westermo in the EMEA region.

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

Highlights from the report:

• Insights from 30 executive interviews with market-leading companies
• Summary of the M2M/IoT hardware value chain
• In-depth analysis of market trends and key developments
• Updated profiles of 31 cellular IoT gateway vendors and 13 module vendors
• Overview of certifications required for cellular devices
• Price comparisons between cellular router and gateway vendors
• Market forecasts lasting until 2027

This report answers the following questions:

• Which are the leading providers of cellular routers and gateways?
• Which are the drivers and barriers on the cellular router and gateway market?
• How does the cellular router and gateway market differ between regions?
• Which applications are suitable for the cellular router form factor?
• What are the largest end markets for cellular routes and gateways?
• Which cellular IoT module vendors are also active on this market?
• How will the cellular router and gateway market evolve over the next five years?

Who should read this report? 

The Global Cellular Router and Gateway Market is the foremost source of information about the cellular router, gateway and modem market worldwide. Whether you are a chipset or module vendor, gateway vendor, utility, vehicle manufacturer, telecom operator, investor, consultant, or government agency, you will gain valuable insights from our in-depth research.