World Cellular IoT Gateway Industry Outlook, 2019 to 2023 - Vendors Move to Employ Vertical Integration Strategies in Attractive Niches

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Dec 30, 2019, 12:00 ET

DUBLIN, Dec. 30, 2019 /PRNewswire/ -- The "The Global Cellular IoT Gateway Market - 4th Edition" report has been added to ResearchAndMarkets.com's offering.

Growing at a compound annual growth rate (CAGR) of 18.5 percent, annual shipments are expected to reach 8 million in 2023. North American vendors dominate the cellular IoT gateway and router market.

The Global Cellular IoT Gateway Market is the fourth consecutive strategy report analysing the latest developments on the cellular router, gateway, and modem market. This strategic research report provides you with more than 130 pages of unique business intelligence including 5-year industry forecasts and expert commentary on which to base your business decisions.

More than 3.4 million cellular IoT gateways were shipped globally during 2018, at a total market value of approximately US$ 921 million.

Cradlepoint, Cisco, Sierra Wireless, CalAmp and Digi International are the largest vendors worldwide. Combined, these five vendors generated close to US$ 500 million in annual revenues from cellular IoT gateway and router sales during 2018, accounting for a market share of 53.3 percent.

Other important vendors include Multitech Systems, Systech and Encore Networks in the US, InHand Networks, Robustel and NetComm in the Asia-Pacific region, and HMS Networks, Advantech B+B SmartWorx, Matrix Electrnica, NetModule, Eurotech, Westermo and Option in Europe. The European and Asia Pacific markets are fragmented with a large number of small and medium-sized players that generate annual revenues in the range of US$ 3-10 million.

The North American market is dominated by a handful of major vendors, largely due to entry barriers in the form of carrier certifications required for cellular devices in the region. North America experienced the fastest growth globally during 2018, driven by deployments in the public safety, transportation and retail sectors. The region has also been subject to significant merger and acquisition activity in recent time. Deal activity has been low over the past decade but has picked up since the beginning of 2018. Examples include the recent deals such as Lantronix' purchase of Maestro Wireless Solutions in July 2019 and most recently Digi International's announced acquisition of Opengear in November 2019.

In Europe, Westermo acquired the remote access specialist Virtual Access in November 2019, expanding the company's presence in the utilities sector. Several players continue to have inorganic growth as a strategy and further consolidation can be expected among IoT gateway vendors in 2019-2020.

Highlights from this report:

Insights from 30 executive interviews with market-leading companies.
Summary of the M2M/IoT hardware value chain.
In-depth analysis of market trends and key developments.
Updated profiles of 30 cellular IoT gateway vendors and 12 module vendors.
Overview of certifications required for cellular devices.
Price comparisons between IoT gateway vendors.
Market forecasts lasting until 2023.

The report answers the following questions:

Which are the leading providers of cellular IoT gateways?
Which are the drivers and barriers on the cellular IoT gateway market?
How does the IoT gateway market differ between regions?
Which M2M/IoT applications are suitable for the cellular IoT gateway form factor?
How will LTE Cat-M1 and NB-IoT affect the IoT gateway market?
Which cellular M2M module vendors are also active on this market?
How will the cellular IoT gateway market evolve over the next five years?
When will 5G NR modules and IoT gateways be available commercially?

Key Topics Covered

List of Figures

Executive summary

1 IoT networking and technologies
1.1 Introduction
1.1.1 The IoT technology stack
1.2 Embedding cellular technology in products and systems
1.2.1 Cellular IoT hardware value chain
1.2.2 Cellular modules
1.2.3 Cellular IoT gateways, routers and modems
1.2.4 Carrier, industry and region-specific certifications
1.3 Cellular IoT from 2G to 4G and beyond
1.3.1 2G mobile networks
1.3.2 3G/4G mobile networks
1.3.3 4G-MTC mobile networks (eMTC/LTE-M and NB-IoT)
1.3.4 5G networks
1.3.5 LPWA and satellite technologies
1.3.6 Cost comparison for cellular and LPWA technologies

2 Market forecasts and trends
2.1 Market forecasts
2.1.1 The embedded cellular IoT module market and vendor market shares
2.1.2 Cellular IoT module market analysis and forecasts
2.1.3 The cellular IoT gateway market and vendor market shares
2.1.4 Cellular IoT gateway market analysis and forecasts
2.1.5 Technology environment
2.2 Market trends
2.2.1 Private cellular networks expand the addressable market for IoT gateways
2.2.2 Vendors move to employ vertical integration strategies in attractive niches
2.2.3 Modularized devices enable flexibility and upgradability
2.2.4 IoT gateway providers experienced strong revenue growth in 2018-2019
2.2.5 Pace of M&A activity is picking up from low levels

3 Company profiles and strategies
3.1 Cellular IoT gateway vendors
3.1.1 ADLINK Technology
3.1.2 Advantech B+B SmartWorx
3.1.3 Belden
3.1.4 CalAmp
3.1.5 Cisco
3.1.6 Connected IO
3.1.7 Cradlepoint
3.1.8 Digi International
3.1.9 Encore Networks
3.1.10 Eurotech
3.1.11 Four-Faith Communication Technology
3.1.12 HMS Networks
3.1.13 InHand Networks
3.1.14 INSYS Microelectronics
3.1.15 Lantronix
3.1.16 Matrix Electrnica
3.1.17 MB Connect Line
3.1.18 MC Technologies
3.1.19 Moxa
3.1.20 MultiTech Systems
3.1.21 NetComm (Casa Systems)
3.1.22 NetModule
3.1.23 Option (Crescent)
3.1.24 Red Lion Controls
3.1.25 Robustel
3.1.26 Sagemcom Dr. Neuhaus
3.1.27 Systech Corporation
3.1.28 Teltonika
3.1.29 Ursalink
3.1.30 Westermo
3.2 Cellular IoT module vendors
3.2.1 Cheerzing
3.2.2 Fibocom
3.2.3 Gemalto
3.2.4 Gosuncn WeLink
3.2.5 MeiG Smart Technology
3.2.6 Neoway
3.2.7 Nordic Semiconductor
3.2.8 Quectel
3.2.9 Sierra Wireless
3.2.10 Sunsea AIoT (SIMCom & Longsung)
3.2.11 Telit
3.2.12 u-blox
3.2.13 Other cellular IoT module vendors

For more information about this report visit https://www.researchandmarkets.com/r/4eodq

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