Industrial Routers Market: Size, Outlook, Share, Demand, Manufacturers And 2027 Forecast With Leading Players Juniper Networks, Inc., Netgear Inc., ZTE

A router is an electronic device designed to receive, analyze, and send incoming packets to another network. Global industrial routers market have generated the revenue of US$ 861.7 million in 2017 up from US$ 793.3 billion in 2016. By 2025, the market is expected to generate a revenue of US$ 1,689.6 billion with a CAGR of 8.8% over the forecast period. Increasing adoption of robotics in various industrial operations is one of the major factors for growth of industrial routers market. Industrial robots embed remote access devices that are used by vendors for remote monitoring and maintenance.

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Segment Analysis:
The wired industrial routers segment held the dominant position in the market in 2017 and is projected to retain its dominance throughout the forecast period. In 2017, wired industrial routers segment generated the revenue of US$ 688.7 million and is expected to reach US$ 1,339.5 million by 2025. Wired routers are gaining significant traction, owing to their application in various industries such as food and beverages, automotive, and electric and electronics, which is the major factor driving growth of the segment. Various advantages offer by wired industrial routers such as high speed of data transfer and enhanced security have increased demand for wired industrial routers in various industries, which in turn is boosting growth of the market.

The major players operating in the global Industrial routers market include Juniper Networks, Inc., Netgear Inc., ZTE Corporation, Cisco Systems, Inc., Inseego Corporation, Dell Technologies, Inc., Micromax Technology, Ericsson, Inc., TP-Link Technologies Co., Ltd, Alcatel-Lucent Enterprises, Huawei Technologies Co., Ltd., and Advantech Co., Ltd

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Market Dynamics
The demand for remote monitoring is increased significantly, leading to high adoption of M2M technology. With the deployment of advanced sensors and chips, M2M technology monitors a machine's overall state and performance. If pressure change, temperature, vibrations, and other signs of mechanical failure are detected, the machine automatically communicates the information with other connected devices, which aids in early detection of problem. Hence, due these factors, demand for M2M technology in various manufacturing industries is increasing, leading to growth of the industrial routers market.

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Increasing support by government organizations for growth of industry automation provides a growth opportunity to the market. Various government organizations are focusing on initiatives for supporting industrial automation. For instance, in 2017, the Thailand government announced setting up a manufacturing automation academy in partnership with manufacturing industries. It intends to invest of US$6 billion in automation and robotics.

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