Global IoT Node and Gateway Market Size study & Forecast, by Hardware (Processor, Connectivity IC, Sensor, Memory, Logic Devices) and End-use Application (Consumer Electronics, Building Automation, Automotive & Transportation, Wearable Devices, Retail) an

The Global IoT Node and Gateway Market is valued at approximately USD 424.6 billion in 2024 and is anticipated to grow at a CAGR of more than 7.30% during the forecast period 2025-2035. IoT nodes and gateways serve as the backbone of the connected ecosystem, enabling the seamless transfer of data between sensors, devices, and cloud applications. Acting as intermediaries, they facilitate efficient data processing, real-time communication, and robust network security across industries. With the explosive adoption of smart devices, the integration of artificial intelligence into IoT infrastructure, and rising demand for real-time analytics, IoT nodes and gateways are experiencing unprecedented adoption. Furthermore, the acceleration of Industry 4.0 and the proliferation of smart city projects worldwide are expected to unlock significant growth opportunities for the market.

The expansion of IoT-driven applications across diverse industries has intensified the reliance on nodes and gateways, particularly for handling massive data volumes and ensuring secure connectivity. The exponential growth of connected devices—expected to surpass 29 billion by 2030 according to Ericsson—underscores the pivotal role of these components. Their ability to bridge communication gaps, enable edge computing, and reduce latency is drawing investments from enterprises seeking competitive advantage through digital transformation. However, challenges such as data privacy concerns, high implementation costs, and complex integration across legacy systems remain potential barriers. Nonetheless, advancements in low-power processing technologies, 5G connectivity, and edge intelligence are anticipated to overcome these limitations, pushing the market into its next growth phase.

The detailed segments and sub-segments included in the report are:

By Hardware:
• Processor
• Connectivity IC
• Sensor
• Memory
• Logic Devices

By End-use Application:
• Consumer Electronics
• Building Automation
• Automotive & Transportation
• Wearable Devices
• Retail

Within the hardware segment, sensors are projected to dominate the IoT Node and Gateway Market, accounting for the largest market share during the forecast period. Their extensive deployment in consumer electronics, automotive systems, and industrial automation underscores their critical role in enabling real-time data collection and seamless communication. Sensors are increasingly integrated into everyday devices, transforming consumer experiences and industrial operations alike. On the other hand, processors are anticipated to grow steadily as they form the foundation of edge computing solutions, facilitating faster decision-making closer to data sources.

In terms of revenue contribution, the consumer electronics application currently leads the global IoT Node and Gateway Market. The surge in demand for connected home devices, smart appliances, and wearable technologies has positioned consumer electronics as the largest contributor. This dominance is reinforced by heightened consumer expectations for convenience, efficiency, and personalization. Meanwhile, automotive and transportation applications are gaining strong traction as connected vehicle technologies and autonomous mobility ecosystems evolve rapidly. This segment is projected to be one of the fastest-growing, fueled by government initiatives for intelligent transportation and investments in vehicle-to-everything (V2X) communication.

The key regions considered for the Global IoT Node and Gateway Market study include Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America captured the largest share in 2024, driven by its advanced technological infrastructure, early adoption of IoT-enabled solutions, and significant investment in cloud platforms and edge computing. Asia Pacific, however, is expected to witness the fastest growth during the forecast horizon. This surge is attributed to large-scale digital transformation initiatives, the expansion of smart manufacturing, and government-backed programs in countries like China, India, and South Korea. Europe continues to remain a critical market, supported by stringent regulatory frameworks for data security, strong automotive IoT adoption, and smart city investments across Germany, France, and the UK.

Major market players included in this report are:
• Intel Corporation
• Cisco Systems, Inc.
• Huawei Technologies Co., Ltd.
• Qualcomm Technologies, Inc.
• Texas Instruments Incorporated
• NXP Semiconductors N.V.
• STMicroelectronics N.V.
• IBM Corporation
• Hewlett Packard Enterprise Development LP
• Advantech Co., Ltd.
• Dell Technologies Inc.
• Microchip Technology Inc.
• Arm Holdings Plc
• Analog Devices, Inc.
• Renesas Electronics Corporation

Global IoT Node and Gateway Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period - 2025-2035
• Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional-level analysis for each market segment.
• Detailed analysis of the geographical landscape with country-level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of the competitive structure of the market.
• Demand side and supply side analysis of the market.

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