The Global Cellular IoT Gateway Market – 5th Edition
8/10/2021 – 12:33
The Global Cellular IoT Gateway Market – 5th Edition from Berg Insight analyses the latest developments on the cellular router, gateway and modem market. This study provides you with 130 pages of unique business intelligence, including 5-year industry forecasts, expert commentary and real-life case studies on which to base your business decisions.
Berg Insight defines cellular IoT gateways as standalone devices intended for connecting machines to a cellular network. These include primarily 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. Trackers, telematics devices and other specialised devices are excluded from this report. Berg Insight has found that more than 3.7 million IoT gateways were sold globally during 2020 at a total market value of approximately US$ 1.01 billion, roughly flat from the previous year. The Americas is the largest geographical market, accounting for about US$ 546 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 devices in the product mix. The market value of the European and Asia-Pacific regions accounted for US$ 254 million and US$ 184 million respectively. Berg Insight forecasts that shipments of cellular IoT gateways will grow at a CAGR of 14.4 percent in the next five years to reach 7.2 million units in 2025.