Cellular Routers Market Strategic Insights and Updates by 2031
The cellular routers market is projected to reach US$ 30.68 billion by 2031 from US$ 12.56 billion in 2023. The market is expected to register a CAGR of 11.81 % in 2023–2031. The launch of un-upgradeable modems is likely to remain a key trend in the market.
Cellular Routers Market Analysis
- Several significant aspects contribute to the market's rapid expansion. The global deployment of 5G cellular modems is driven by the growing need for high-speed and low-latency communication due to the growth of SG technology worldwide.
- Cellular connectivity is increasingly being integrated into various instruments, such as IOT devices, smart home gadgets, and industrial equipment, driving market growth.
Cellular Routers Market Overview
- Cellular routers employ cellular technology to deliver internet connectivity. They are an excellent option for businesses, households, and other locations that do not have access to wired internet services like cable or fiber.
- This makes cellular routers a useful tool for organizations and individuals operating in remote locations or who need to stay connected while traveling.
- They have several major qualities that make them an excellent choice for mobile computing and communication: Gigabit-speed connectivity; cellular routers offer fast, dependable connections at rates of up to 5G and 4G LTE, enabling quick access to streaming services and web apps.
- Portability: Cellular routers are lightweight, small devices that are simple to transport and configure.
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Cellular Routers Market: Strategic Insights
Market Size Value in US$ 565.1 Million in 2017 Market Size Value by US$ 1,639.4 Billion by 2025 Growth rate CAGR of 14.4% from 2018-2025 Forecast Period 2018-2025 Base Year 2018
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Cellular Routers Market: Strategic Insights
| Market Size Value in | US$ 565.1 Million in 2017 |
| Market Size Value by | US$ 1,639.4 Billion by 2025 |
| Growth rate | CAGR of 14.4% from 2018-2025 |
| Forecast Period | 2018-2025 |
| Base Year | 2018 |
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Cellular Routers Market Drivers and Opportunities
Enhance Key Use Cases Across Verticals to Favor the Market
- While wifi networks are standard in many businesses, cellular routers are gaining popularity in a range of industries due to their capacity to give wireless data access over cellular networks.
- Wifi routers establish a wireless network connection between two devices, usually via radio waves, to deliver high-speed wifi across short distances. Wifi is typically used to access the internet via a wireless router linked to a broadband wired connection.
- Cellular routers utilize cellular towers to deliver wireless internet connectivity across longer distances. They are often used to connect to the internet via a cell phone or other mobile device, but they can also support extensive networks in rural areas. This makes them well-suited for several major use cases in different industries: retail, healthcare, transportation, manufacturing, and others.
Cellular Router with Ethernet
- Many routers transmit internet wirelessly to all devices on their wifi networks. Other times, you may need to connect your device to the router using an Ethernet wire. An Ethernet cable is a customized cable that Provides a hardwired internet connection. Before wifi, all internet connections required an Ethernet wire hooked into a wall.
- Ethernet connections typically offer a quicker and more consistent Internet connection than wifi. However, they are inconvenient when the user needs to physically move the gadget. Most phones and other mobile devices lack Ethernet cable connections, so you'll need to purchase an adaptor to connect them.
Cellular Routers Market Report Segmentation Analysis
Key segments that contributed to the derivation of the cellular routers market analysis are connection type, enterprise type, and end user.
- By connection type, the market is segmented into 3G and 4G LTE.
- By product type, the market is segmented into stand-alone and multi-use.
- By application, the market is segmented into retail & commercial, residential, industrial, and transportation.
Cellular Routers Market Share Analysis by Geography
- The cellular routers market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering cellular routers market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the cellular routers market in these regions.
Cellular Routers Market Report Scope
Cellular Routers Market News and Recent Developments
The cellular routers market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the cellular routers market are listed below:
- D-Link, a global pioneer in networking and connection technology, has introduced the R15 EAGLE PRO AI AX1500 Smart Router. The all-new R15 EAGLE PRO AI Router combines the most recent wifi 6 technology with artificial intelligence to provide exceptional wifi coverage and speed. (Source: D-Link, Press Releases, December 2021)
- Proscend launched an outdoor cellular router to bridge the digital divide. Proscend Outdoor 4G LTE Cellular Router M366 is designed for cost-effective, easy-to-deploy, and flexible Fixed Wireless Access (FWA) solutions. With the matured 4G network coverage, Proscend M366 benefits not only households living in unserved and underserved areas where wireline infrastructure is not reachable. (Source: Proscend, Press Releases, April 2022)
Cellular Routers Market Report Coverage and Deliverables
The “Cellular Routers Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Cellular routers market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Cellular routers market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Cellular routers market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the cellular routers market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Connection Type ; Product Type ; Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3–5 company profiles and a country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share an Excel dataset based on the request.
The leading players operating in the cellular routers market are Cradlepoint, Inc., Sierra Wireless, Inc., Digi International, Inc., Advantech Co. Ltd, Moxa Inc., Belden, Inc, CalAmp Corp, Peplink International Limited, SATEL, and Siemens AG.
The launch of un-upgradeable modems is anticipated to play a significant role in the global cellular router market in the coming years.
The global cellular routers market is expected to grow at a CAGR of 15.6% during the forecast period 2024 - 2031.
The huge amount of data in the HR department is the major factor driving the cellular routers market.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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