Mesh Gateway Market Size, Share, Industry and Trends

[189 Pages Report] The mesh gateway market size is expected to be USD 1.3 billion in 2024 It is anticipated to be USD 2.2 billion by 2029, growing at a CAGR of 11.5% during the forecast period. Factors such as the increasing adoption of mesh gateways in industrial automation to improve efficiency, productivity, and the safety of day-to-day operations drive the market for mesh gateways during the forecast period.

Mesh Gateway Market Forecast to 2029

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Mesh Gateway Market Dynamics

Driver: Rise in industrial automation

The advancement in industrial automation is driving the Demand for mesh gateways. Mesh gateways in an industrial automation setup help with reliable and efficient communications. Industries are trying to automate their activities without human intervention to make the process smooth and safe. With the help of mesh gateways, industries can get benefits like remote monitoring, real-time access to data, and predictive maintenance. This helps the organization secure and maintain machines' long life and improve performance using real-time data. As innovative industry initiatives around the globe are increasing, Demand for mesh gays in industrial automation setups is also expected to grow during the forecast period.

Restraint: Higher initial cost and complex setup

Mesh networking system deployment's initial cost is expensive compared to any traditional wireless networking system. The individual mesh nodes are still affordable, but a system needs multiple nodes to ensure a proper wireless network throughout the premises where it is installed. Companies with budget constraints might hesitate to make investments, which act as a restraint for the market. While many systems are designed to be user-friendly, some users might need help with configuring multiple devices and creating a mesh network. This can discourage some potential customers from considering mesh gateways.

Opportunity: Increasing adoption of mesh gateways in SMEs

Mesh gateways have considerable opportunities for small and medium-sized enterprises. As traditional wireless networking systems have shortcomings with consistent networks and coverage of large areas, mesh gateways can help with the problems. As mesh networking has multiple interconnected nodes, a consistent and reliable network is established, which is very useful in large premises and hazardous environments for continuous monitoring and assessments. Mesh gateways are very user friendly with simple installation processes and easy management through apps or web interfaces, reducing the need for specialized technical knowledge, making it ideal for SMEs.

Challenge: Data Security and privacy concerns

Data security and privacy concerns are significant challenges in the mesh gateway market. Mesh gateways are prone to cyber attacks like hacking and malware. In mesh gateways, any node can act as an energy point, giving attackers significant opportunities to control the systems. If any node is compromised, hackers can control the entire system. Security across multiple nodes is complex and requires surveillance to ensure firmware updates, consistent security settings, and encryption. Compliance and data privacy regulations such GDPR, CCPA, or HIPAA also complicate matters for security measures to protect personal data and meet legal requirements. Addressing the problems mentioned above can act as a challenge for the mesh gateway market.

Mesh Gateway Market Map:

Predictive maintenance is expected to have the highest market growth during the forecast period.

Predictive maintenance is expected to have the highest CAGR growth during the forecast period. Predictive maintenance helps industries access the system's condition with real-time monitoring and data. It helps companies make changes and adjustments before the failure of the machine. This approach helps companies reduce maintenance costs, increase machines' lives, and improve the overall management of operations. With the rise in IoT technologies and Industry 4.0, the market for predictive maintenance in the mesh gateway market is expected to grow during the forecast period.

Retail & logistics application is expected to have significant market share during the forecast period.

The retail & logistics industry is involved in selling goods to consumers. Multiple steps are involved while selling goods to the consumers. Constant monitoring, asset management, and predictive maintenance are involved in the whole process. By having mesh gateways in the organization, retail & logistic companies can have reliable connectivity in massive warehouses and company spaces, among others. The company can remotely monitor the products, efficiently manage assets, and perform predictive maintenance for future product requirements. By using mesh gateways, the company improves efficiency, has better data collection, and improves future management of products, and hence, the market for mesh gateways is growing in the mesh retail & logistics industry.

Services to have is expected to have highest CAGR during the forecast period.

Services include professional services, i.e., the deployment of mesh gateways, and integration, and management services, including support and maintenance. The deployment of mesh gateways requires a lot of specifics like the purpose of the network, size of the area for networking, and operation frequency, among others. Professional services, hence, play a very important role in the installation of the mesh gateway network in any premises. After the installation of the networking, managed services play an important role as constant checkups of the network are required for its efficiency. Management services consist of monitoring the position of the network, troubleshooting the errors, and helping with regular updates. These services collectively played very important roles in the mesh gateway market.

Asia Pacific will grow with the highest CAGR during the forecast period.

The growth of the mesh gateway market in the Asia Pacific can be attributed to the rise in manufacturing and government initiatives in the region. Countries like China, South Korea, and India will play a significant role in this growth. For instance, Government initiatives like Wi-Fi Access Interface (WANI) by the Indian government launched in December 2020 to develop a wireless network across public locations nationwide. It will help build a wireless network communication infrastructure in the country. The government initiatives like these are improving wireless networking in the public and industrial sectors, which will boost the mesh gateway market during the forecast period.

Mesh Gateway Market by Region

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Key Market Players

The mesh gateway companies is dominated by a few globally established players such Eaton (Ireland), Honeywell International, Inc. (US), Siemens (Germany), Emerson Electric Co. (US), Schneider Electric SE (France), Advantech Co., Ltd. (Taiwan), HDL Automation (China), RSAE Labs Inc. (US), Wirepas Ltd (Finland), Dryad Networks GmbH (Germany) and AsiaRF Co., Ltd (Taiwan), Phoenix Contact (Germany), Westermo (Sweden), Tuya Inc. (China), Ackcio (Singapore), DusunIoT (China), Rajant Corporation (US), Quectel (China), NEXCOM International Co., Ltd. (Taiwan), Weidmüller Group (Germany), Digi International, Inc. (US), Kerlink (France), Milesight (US), Shanghai MXCHIP Information Technology Co., Ltd.(China), Actility (France).

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Scope of the Report

Mesh Gateway Market Highlights

This research report categorizes the overall mesh gateway market on the basis of offering, location type, application type, End User Industries, and geography.

Recent Developments

• In March 2024, Emerson Electric Co. (US) revealed its new PACSystems IPC 2010 Compact Industrial PC (IPC), which is designed to be a rugged industrial computer suited to machine and discrete part manufacturing automation applications. The new solution is designed to serve manufacturing sites and OEM machine builders who need a ruggedized, compact, durable IPC to cost-effectively support the Industrial Internet of Things (IIoT) and other digital transformation initiatives.
• In July 2023, Honeywell International Inc. (US) announced the acquisition of SCADAfence (Israel), one of the leading providers of operational technology (OT) and Internet of Things (IoT) cybersecurity solutions for monitoring large-scale networks. SCADAfence brings proven capabilities in asset discovery, threat detection, and security governance, which are vital to industrial and building management cybersecurity programs.
• In August 2022, Siemens (Germany) has recently disclosed their plan to establish a new factory in the US, costing USD 150 million dollars. The factory will produce electrical equipment to be supplied to US data centers and critical infrastructure. The establishment will incorporate various IoT and AI software tools, primarily to facilitate digital twin and factory automation technology.

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