Internet of Things (IoT) Node and Gateway

Internet of Things (IoT) Node and Gateway

Global Internet of Things (IoT) Node and Gateway Market to Reach $614.1 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Internet of Things (IoT) Node and Gateway estimated at US$426.8 Billion in the year 2020, is projected to reach a revised size of US$614.1 Billion by 2027, growing at a CAGR of 5.3% over the analysis period 2020-2027. Connectivity IC, one of the segments analyzed in the report, is projected to record a 6.3% CAGR and reach US$226.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Processor segment is readjusted to a revised 4.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $125.9 Billion, While China is Forecast to Grow at 4.9% CAGR

The Internet of Things (IoT) Node and Gateway market in the U.S. is estimated at US$125.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$107.8 Billion by the year 2027 trailing a CAGR of 4.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.1% and 4.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Sensors Segment to Record 5.6% CAGR

In the global Sensors segment, USA, Canada, Japan, China and Europe will drive the 5.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$55.7 Billion in the year 2020 will reach a projected size of US$81.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 37 Featured) -

• Aaeon Technology Inc.
• Adlink Technology Inc.
• Advantech Co. Ltd.
• Beep Inc.
• Cisco Systems Inc.
• Dell Technologies
• Estimote Inc.
• Eutotech S.p.A.
• Helium Systems Inc.
• Hewlett Packard Enterprise Co.
• Huawei Technologies Co. Ltd.
• Intel Corporation
• Microchip Technology Inc.
• Nexcom International Co. Ltd
• Notion
• NXP Semiconductors N.V.
• Samsara Networks Inc.
• STMicroelectronics N.V.
• TE Connectivity Ltd.
• Texas Instruments Incorporated

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