Serial to Cellular Gateway Global Market Report 2025

The serial to cellular gateway market size has grown rapidly in recent years. It will grow from $1.3 billion in 2024 to $1.51 billion in 2025 at a compound annual growth rate (CAGR) of 15.9%. The growth in the historic period can be attributed to increasing industrial automation, rising adoption of IoT devices, growing need for remote monitoring, expanding machine-to-machine communication, and development of smart infrastructure.

The serial to cellular gateway market size is expected to see rapid growth in the next few years. It will grow to $2.68 billion in 2029 at a compound annual growth rate (CAGR) of 15.5%. The growth in the forecast period can be attributed to increasing demand for seamless remote device connectivity, rising need for real-time monitoring and control, expansion of industrial and healthcare IoT applications, growing requirement for low-power and multi-device management, and emphasis on secure data transmission. Key trends in the forecast period include integration of 5G connectivity, enhanced edge computing capabilities, adoption of IoT and M2M communication, improved data security features, and miniaturization of hardware for industrial IoT applications.

The rise in industrial automation is expected to drive the growth of the serial to cellular gateway market going forward. Industrial automation involves the use of control systems, robots, and information technologies to operate machinery and processes in manufacturing and other industries with minimal human intervention. It is increasing due to the growing need for higher productivity and operational efficiency in manufacturing. Serial to cellular gateways are used in industrial automation to enable remote monitoring and control of serial-based equipment over cellular networks. For instance, in September 2024, according to the International Federation of Robotics (IFR), a Germany-based non-profit organization, industrial robot installations in the UK increased by 51%, reaching 3,830 units, while in the Americas, over 50,000 units were installed for the third consecutive year, totaling 55,389 units in 2023. Therefore, the rise in industrial automation is propelling the growth of the serial to cellular gateway market.

Key companies operating in the serial to cellular gateway market are focusing on developing advanced, secure, and globally compatible connectivity solutions with integrated edge intelligence to enhance remote device management, improve data processing efficiency, and support diverse industrial IoT applications. Edge intelligence refers to the capability of devices at the network edge to process data, make decisions, and perform analytics locally without relying on a centralized cloud system. For instance, in October 2025, Digi International, a US-based telecommunication company, launched the Digi XBee 3 Global LTE Cat 4 cellular modem, expanding its XBee portfolio to support high-bandwidth IoT applications such as smart agriculture, energy, and industrial automation. The modem offers global LTE Cat 4 connectivity with 2G/3G fallback, GNSS for location tracking, Bluetooth Low Energy for sensor integration, and compatibility with major IoT platforms such as AWS and Azure. Featuring an integrated MicroPython environment for edge intelligence, it enables local data processing and decision-making. With pre-certifications, enhanced security via Digi TrustFence, and centralized remote management through Digi Remote Manager, it simplifies IoT deployment and ensures reliable, scalable connectivity worldwide.

In December 2024, Lantronix Inc., a US-based technology company, acquired NetComm Wireless Pty Ltd. for $6.5 million. Through this acquisition, Lantronix aims to strengthen its enterprise and industrial IoT leadership, expand its 5G technology capabilities, and broaden its customer base in geographic markets such as Australia and New Zealand. NetComm Wireless Pty Ltd. is an Australia-based telecommunication company specializing in IoT solutions, including gateways, routers, and modems that provide high-performance Ethernet or serial-to-cellular and Wi-Fi connectivity for industrial applications.

Major players in the serial to cellular gateway market are Advantech Co. Ltd., Sterlite Technologies Limited, HFCL Limited, Digi International Inc., Moxa Inc., Axiomtek Co. Ltd., Happiest Minds Technologies Limited, Lantronix Inc., Teltonika Networks UAB, NetAlly LLC, Guangzhou Robustel Co. Ltd., Celona Inc., Aviz Networks Inc., ICP DAS Co. Ltd., USR IOT Technology Limited, Lavelle Networks Private Limited, Xiamen Four-Faith Communication Technology Co. Ltd., Shenzhen Wlink Technology Co. Ltd., NetBox Labs Inc., Neysa Networks Private Limited, Proxicast LLC, Highway 9 Networks Inc., and Antaira Technologies LLC.

North America was the largest region in the serial to cellular gateway market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in serial to cellular gateway report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the serial to cellular gateway market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid rise in U.S. tariffs and the subsequent trade frictions in spring 2025 are having a major impact on the electrical and electronics sector, with semiconductors, display panels, and rare-earth metals (essential for batteries and motors) subject to steep duties. Consumer electronics brands face profit erosion, as competitive markets limit their ability to pass costs to buyers. Industrial electronics manufacturers, meanwhile, grapple with delayed projects due to shortages of tariff-impacted components like printed circuit boards. Companies are responding by relocating assembly to tariff-exempt countries, increasing inventory buffers, and redesigning products to reduce dependency on restricted materials.

The serial to cellular gateway market research report is one of a series of new reports that provides serial to cellular gateway market statistics, including the serial to cellular gateway industry global market size, regional shares, competitors with the serial to cellular gateway market share, detailed serial to cellular gateway market segments, market trends, and opportunities, and any further data you may need to thrive in the serial to cellular gateway industry. This serial to cellular gateway market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

A serial to cellular gateway is a device that connects serial-based equipment to cellular networks, enabling remote data transmission, monitoring, and control over 4G or 5G networks. It converts serial data from devices such as sensors, PLCs, meters, and industrial instruments into IP data for wireless communication, allowing seamless connectivity between legacy serial devices and modern IoT or cloud systems.

The key product types of serial to cellular gateways are 2G, 3G, 4G or LTE, and 5G. 2G is the second generation of wireless communication, introducing digital voice transmission and basic data services such as SMS. These gateways support various communication protocols, including RS232, RS485, RS422, and others, and are distributed through channels such as direct sales, distributors, and online. They are used across industrial automation, transportation, energy and utilities, retail, healthcare, and others, and are widely applied in manufacturing, oil and gas, smart grid, logistics, and other sectors.

The serial to cellular gateway market consists of revenues earned by entities by providing services such as installation and deployment, device configuration, network integration, remote monitoring and management, maintenance and support, firmware and software updates, troubleshooting and technical support, training and consulting, cybersecurity and data protection, and performance optimization. The market value includes the value of related goods sold by the service provider or included within the service offering. The serial to cellular gateway market also includes sales of cellular routers, industrial modems, and USB to cellular adapters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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