The global cellular router and gateway market enters a high-growth phase as 5G adoption rising shipments and advanced edge capabilities reshape connectivity through 2029
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 100 pages of unique business intelligence including 5-year industry forecasts and expert commentary on which to base your business decisions.
Cellular routers and gateways are standalone devices that provide primary or backup cellular connectivity to devices in a local network. The analyst defines the product category as generalpurpose cellular routers, gateways and modems enclosed in a chassis with an external power supply, no display and at least one input/output port. FWA routers from ODM manufacturers are excluded, as these low-cost consumer devices follow a separate supply chain and serve different use cases. 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 analyst estimates that annual shipments of cellular routers and gateways increased moderately by 2% to 6.2 million units in 2024 as inventory levels normalised from the volatile post-COVID environment. Annual sales increased at a higher rate of 7% to reach US$ 1.7 billion in the year, driven by a shift in the product mix towards high-end 5G devices. Halfyear 2025 revenue figures suggest that the market continued to rebound, as many of the larger vendors reported double-digit growth. The analyst forecasts that the market will grow at a CAGR of 9.2% in the next five years to reach US$ 2.6 billion in 2029.
Cellular Router and Gateway, Global Market Value, 2015-2029
The cellular router and gateway market remains fragmented, despite ongoing consolidation. The five largest vendors account for as much as 52% of the market. Ericsson ranks as the overall market leader and offers a comprehensive portfolio of routers and adapters along with cellular-centric SD-WAN and security services. Teltonika Networks is the second largest provider by revenue and the leader in volume, benefitting from its in-house manufacturing facilities and tight cost control. Top players further include Cisco, Semtech and Peplink, which hold strong positions in the North American market.
Other vendors with a significant presence in the cellular router and gateway market are Digi International, InHand Networks, Inseego, HMS Networks and Moxa. All of the top ten cellular router and gateway vendors shipped more than 100,000 devices in 2024. Notable vendors further include BEC Technologies, Belden, Fortinet, Lantronix and MultiTech in North America; Advantech, Four-Faith, Hongdian, PUSR and Robustel in the Asia-Pacific region; and Celerway, Eurotech, INSYS icom, RAD and Westermo in the EMEA region.
The cellular router and gateway market is driven by several structural growth trends across industries, as businesses connect vehicle fleets, distributed assets and workforces to support the ongoing digitalisation of their operations. The analyst believes that these trends - ranging from in-vehicle connectivity for public transport and public safety fleets, industrial remote access and smart grid communications to cellular SD-WAN in enterprise networking and business FWA - will accelerate in the 5G era, thereby expanding the market for cellular routers and gateways.
Highlights from the report:
- Insights from 30 executive interviews with market-leading companies.
- Summary of the IoT hardware value chain.
- In-depth analysis of market trends and key developments.
- Updated profiles of 34 cellular IoT gateway vendors.
- Overview of certifications required for cellular devices.
- Price comparisons between cellular router and gateway vendors.
- Market forecasts lasting until 2029.
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 is the share of 5G routers of total shipments?
- What are the largest end markets for cellular routes and gateways?
- 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 this in-depth research.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Acksys
- ADLINK Technology
- Advantech
- BEC Technologies (Billion Electric)
- Belden
- Celerway
- Cisco
- Digi International
- Ericsson
- Eurotech
- Fortinet
- Four-Faith Communication Technology
- HMS Networks
- Hongdian
- InHand Networks
- Inseego
- INSYS icom
- Intelliport
- Lantronix
- MC Technologies
- Milesight
- Moxa
- MultiTech
- Option (Crescent)
- Peplink
- PUSR
- Queclink Wireless Solutions
- RAD
- Robustel
- Semtech
- Systech Corporation
- Teltonika Networks
- Ubiquiti
- Westermo (Ependion)
