What are the Historical Developments and Current Growth Metrics of the Bridges Gateways And Routers Market?
The bridges gateways and routers market has seen considerable growth due to a variety of factors.
• The market size for bridges, gateways, and routers has experienced significant growth in the past few years. The expansion, starting from $31.3 billion in 2024, will reach $32.87 billion in 2025, representing a compound annual growth rate (CAGR) of 5.0%.
Elements like network expansion, internet growth, enterprise networking, and telecommunications infrastructure have fueled the growth during the historic period.
What Is The Projected Growth Of The Bridges Gateways And Routers Market Size?
The bridges gateways and routers market is expected to maintain its strong growth trajectory in upcoming years.
• The value of the bridges, gateways, and routers market is anticipated to witness a consistent rise in the coming years, elevating to $39.86 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 4.9%.
The growth speculated for the forecast period could be credited to factors such as 5g and next-gen networks, advancements in edge computing, IoT and industrial automation, along with the expansion of cloud computing and data centers. Significant trends during the projected period involve the utilisation of 5g and edge computing, the application of software-defined networking (SDN), IPv6 adoption, as well as wireless broadband and mobile routers.
What Are The Core Factors Supporting Growth In The Bridges Gateways And Routers Market?
The market for bridges, gateways, and routers is anticipated to benefit from the surge in investments for smart city projects worldwide. Smart city technologies, which utilize information and communication technologies for efficient functioning of urban services like transport systems, water supply and law enforcement, are facilitated by Cyber-Physical Systems (CPS), Internet of Things (IoT), Wireless Sensor Networks (WSNs), Cloud Computing, and Unmanned Aerial Vehicles (UAVs). A seamless and efficient networking and communication protocol is essential for smooth operations of all these tech components, necessitating the involvement of bridges, gateways and routers. The integration of these smart city technologies with electrical and electronic components advantages companies within this market. Case in point, data from the US Census Bureau, a US government agency, states that construction spending in September 2024 was gauged at a seasonally adjusted annual rate of $2,162.7 billion in July 2024, a jump of 6.7 percent (±1.8 percent) when compared with $2,027.4 billion in July 2023. Moreover, between 2023 and 2024, total public construction swelled to $270,803 million from $243,948 million, respectively.
What Are The Principal Market Segments In The Global Bridges Gateways And Routers Industry?
The bridges, gateways and routers market covered in this report is segmented –
1) By Connectivity: Bluetooth, Wi-Fi, ZigBee, Ethernet, Cellular, Other Connectivity Types
2) By Application: Household, Commercial, Industry, Transportation
3) By End Use: Indoor, Outdoor
Subsegments:
1) By Bluetooth: Bluetooth 4.0 (Low Energy), Bluetooth 5.0, Bluetooth Mesh Networking
2) By Wi-Fi: Wi-Fi 5 (802.11ac), Wi-Fi 6 (802.11ax), Wi-Fi 6E, Wi-Fi 7
3) By ZigBee: ZigBee 3.0, ZigBee Pro
4) By Ethernet: Wired Ethernet, Power Over Ethernet (PoE), Gigabit Ethernet
5) By Cellular: 4G LTE, 5G, 3G
6) By Other Connectivity Types: LoRaWAN (Long Range Wide Area Network), Thread, Z-Wave, NFC (Near Field Communication)
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Which Emerging Market Trends Are Altering The Bridges Gateways And Routers Industry?
Firms operating within the bridges, gateways, and routers sector are zooming in on the deployment of sustainable materials in infrastructure development. These materials, which are both renewable and sourced in a way that doesn't adversely affect the environment, are drawn from raw resources. Their natural, renewable, and carbon-neutral properties require less energy for extraction. For instance, a 1.2 km bridge connecting Esch-sur-Alzette with Esch-Belval in Luxembourg, was constructed using sustainable steel in May 2022. This bridge is designed to be long-lasting and does not necessitate any protective coatings currently or in the foreseeable future, resulting in low maintenance despite its high usage. It successfully fulfills all cost, design, and strength parameters while being environmentally friendly.
Who Are the Key Players In The Bridges Gateways And Routers Market?
Major companies operating in the bridges
• gateways and routers market include:
• Cisco Systems Inc.
• D-Link Corporation
• NETGEAR Inc.
• NXP Semiconductors N.V.
• Notion Labs Inc.
• Intel Corporation
• TE Connectivity Ltd.
• Dell Technologies Inc.
• Hewlett Packard Enterprise Company
• ASUSTeK Computer Inc.
• Huawei Investment & Holding Co. Ltd.
• Microchip Technology Inc.
• Helium Systems Inc.
• Estimote Inc.
• Juniper Networks Inc.
• Arista Networks Inc.
• Extreme Networks Inc.
• Fortinet Inc.
• Palo Alto Networks Inc.
• F5 Networks Inc.
• Citrix Systems Inc.
• Riverbed Technology Inc.
• Zyxel Communications Corp.
• Allied Telesis Inc.
• Advantech Co. Ltd.
• ABB Ltd.
• Alcatel-Lucent Enterprise
• Brocade Communications Systems Inc.
• Check Point Software Technologies Ltd.
• Ciena Corporation
• Telefonaktiebolaget LM Ericsson
• International Business Machines Corporation
• Nokia Corporation
• Radware Ltd.
• Symantec Corporation
• ZTE Corporation
• Ubiquiti Networks Inc.
What Are The Regional Insights Into The Bridges Gateways And Routers Market?
Asia-Pacific was the largest region in the bridges, gateways and routers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the bridges, gateways and routers market during the bridges, gateways and routers market forecast period. The regions covered in the bridges, gateways and routers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
