IoT Gateway Devices Market Size, By Connectivity Technology (Bluetooth, Wi-Fi, ZigBee, Ethernet, Z-Wave), By Component (Multipoint Control Unit (MCU), Field Programmable Gate Array (FPGA), Sensor, Memory), By Application (Wearable Device, Healthcare, Automotive & Transportation, Building Automation, Industrial, Consumer Electronics), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Sep 2020  |  Report ID: GMI4819  |  Authors: Preeti Wadhwani, Shubhangi Yadav

Report Format: PDF   |   Pages: 310   |   Base Year: 2019

Summary Table of Contents Industry Coverage Methodology

Industry Trends

IoT Gateway Devices Market size exceeded USD 7 billion in 2019 and is poised to grow at a CAGR of over 14% between 2020 and 2026.

The rising adoption of IoT devices in healthcare infrastructure is driving the IoT gateway devices market revenue. The integration of IoT devices with high-speed internet connections into healthcare tracks machines and equipment. Adding to this, medical facilities and hospitals are inclined toward the adoption of IoT devices for telemedicine, remote monitoring, and inventory management.

IoT Gateway Devices Market

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Rising government initiatives and investments toward the integration of IoT technology in smart cities will add an advantage for the IoT gateway devices market expansion. IoT technology in smart cities delivers cutting-edge intelligence and high flexibility, enabling the usage of resources more efficiently including transportation, communication, and energy systems. As a part of the Smart America challenge, the U.S. government will invest around USD 41 trillion on smart cities and infrastructure upgrading with IoT from 2013 to next twenty years. To cater to the high demand, market leaders are inclined toward the development of new IoT gateway devices.

The IoT gateway devices market is severely affected by the COVID-19 pandemic as majority of the application areas of IoT including transportation and industrial, among other sectors are experiencing stringent lockdown scenarios. Several nations are expecting a decline in GDP, restraining the adoption of new technologies and investments on smart infrastructures.

However, COVID-19 is accelerating the adoption of IoT technology in the healthcare sector, propelling growth during the pandemic crisis. Several research & development and new product initiatives by industry leaders for the development of remote healthcare monitoring systems are driving the adoption of IoT gateway devices. For instance, in May 2020, Electronics Corporation of India Limited (ECIL) and All India Institute of Medical Sciences (AIIMS) announced the development of remote heath monitoring solution built on IoT technology.

IoT Gateway Devices Market Report Coverage
Report Coverage Details
Base Year:2019Historical Data for:2016 to 2019
Market Size in 2019:USD 7 BillionForecast Period:2020 to 2026
Forecast Period 2020 to 2026 CAGR:14%No. of Pages:310
2026 Value Projection:USD 16 Billion Tables, Charts & Figures:338
Geographies covered (19):U.S., Canada, UK, Germany, France, Italy, Russia, Spain, China, India, Japan, South Korea, Brazil, Mexico, South Africa, GCC
Segments covered:Connectivity technology, Component, Application, Region
Growth Drivers:
  • High penetration of smart wearables in North America
  • Rising implementation of IoT in European healthcare sector
  • Growing trend of industrial automation in Asia Pacific
  • Ongoing digital economy transformation in Latin America
  • Increasing investments in IoT implementation in MEA
Pitfalls & Challenges:
  • Lack of proper regulations related to IoT devices
  • Increasing cyber security threats

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Increasing adoption of Bluetooth connectivity in Industrial IoT (IIoT) gateway

Bluetooth technology segment held a major IoT gateway devices market share of over 35% in 2019 and is anticipated to witness growth rate of around 16% during the forecast timeline. The growth is majorly attributed to the growing adoption of industrial automation across the globe. These gateways with Bluetooth connectivity allow easy communication among devices, thereby boosting machine-to-machine communication in the industrial sector.

Companies are continuously involved in the development of improved wireless connectivity in industrial IoT to cater to high competitiveness among other players. For example, in February 2020, Laird Connectivity launched its new embedded Bluetooth 5.1 module series for industrial OEMs to achieve long-range in next-generation industrial IoT applications. Furthermore, industry leaders are inclined toward new technology innovations in the market with the combination for different wireless connectivity such as Bluetooth and Wi-Fi.

Rising adoption of MCU in smart wearables will fuel the IoT gateway devices market demand

U.S. IoT Gateway Market By Component

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The MCU segment accounted for around 36% IoT gateway devices market share in 2019 and is projected to expand at 16% CAGR through 2026. MCU offers high flexibility in a single integrated chip and reduces the requirement for various components in IoT architecture. The small design capability and smart functioning increase growth opportunities for MCUs in IoT-enabled smart wearables including smart glasses and fitness watches.

MCU integration into IoT gateway devices is experiencing an increased adoption in smart homes and connected devices as they manage & storage data acquisition and diagnostics in embedded applications. Therefore, to cater to high growth opportunities among competitors, companies are continuously involved in the development of new solutions and product innovations. In February 2020, NXP Semiconductor developed its new wireless MCUs to deliver ultra-low power connections in Thread and Zigbee 3.0 applications. These MCUs offer fast development time and improved time to market for IoT applications in smart homes, smart lighting, and building automation.

Rising trend towards Industry 4.0 in manufacturing facilities

IoT Gateway Devices Market By Application

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Industrial applications dominated a market share of more than 34% in 2019 and is estimated to register 13% growth till 2026 owing to rising trend toward smart manufacturing and industrial 4.0. The integration of IoT technology into smart manufacturing delivers high productivity and improves the overall output & efficiency. The trend will lead the majority of plant manufacturers to integrate IoT and connected devices into manufacturing facilities.

To cater to the high demand among competitors, companies are continuously investing in new product innovations, fueling the IoT gateway devices market growth. For example, in February 2019, RAD developed its new compact and multiservice IIoT gateway with edge computing capability. Additionally, IoT gateway devices also enhance manufacturing, inventory management, and supply chain for a wide range of industries. In July 2019, Procurant developed an IoT gateway device that processes data from sensors and enhances the supply chain visibility & order management from the food industry.

Increasing initiatives by the government toward smart city will influence the APAC market growth trends

Asia Pacific IoT Gateway Devices Market By Region

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Asia Pacific IoT gateway devices market held around 26% revenue share in 2019 and will observe more than 13% growth rate from 2020 to 2026. The growth can be credited to rising investments toward the development of smart cities and increasing integration of IoT in public infrastructures. For example, the government of Seoul is planning to deploy a city wide IoT network as a plan to create hyper-connected cities by 2022. The city has planned to deploy around 1,000 LoRaWAN gateways that will enhance the municipal Wi-Fi and the next-generation smart city application.

Several government initiatives to propel cybersecurity will accelerate growth opportunities for IoT systems and networks, adding advantages for the market. In February 2019, the Government of Japan introduced a new law that authorizes the government to test IoT devices that might be exploited during cyberattacks.

Focus on new product launches to stay competitive in the market

Major companies in the IoT gateway devices market include AAEON Technology, Inc., Advantech Co., Ltd., Avnet, Inc., Cisco Systems, Inc., and Dell Technologies, Inc., among others.

Industry players are continuously focusing on new product developments and innovations. Adding to this, companies are also forming new collaborations and partnership agreements, accelerating the offerings of IoT gateway devices. In February 2019, Intel Corporation announced its partnership agreement with Dell Technologies, Inc. for the development of 5G IoT gateway solutions.

The IoT gateway devices market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026 for the following segments:

Market, By Connectivity Technology

  • Bluetooth
  • Wi-Fi
  • Zigbee
  • Ethernet
  • Z-wave
  • Others

Market, By Component

  • Microcontrollers (MCU)
  • Field Programmable Gate Arrays (FPGAs)
  • Sensor
  • Memory
  • Others

Market, By Application

  • Wearable devices
  • Healthcare
  • Automotive & transportation
  • Building automation
  • Industrial
  • Consumer electronics

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa
    • GCC

Frequently Asked Questions (FAQ) :

In 2019, the global market size for IoT gateway devices crossed USD 7 billion and may witness 14% CAGR through 2026, driven by increasing IoT device adoption in the healthcare sector.
Bluetooth technology segment accounted for 35% of the market share in 2019 and may exhibit 16% CAGR through 2026, owing to rising penetration of industrial automation.
The MCU segment, in 2019, held 36% the overall market share and may register 16% CAGR through 2026, as MCU delivers high flexibility within a single integrated chip.
Industrial applications held an industry share of 34% in 2019. The segment may record 13% CAGR through 2026 owing to proliferating trends of Industry 4.0 and smart manufacturing.
Asia Pacific accounted for 26% of the global market share in 2019 and may exhibit 13% CAGR through 2026, owing to increasing investments in the development of smart cities.

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Premium Report Details

  • Published Date: Sep 2020
  • Pages: 310
  • Tables: 305
  • Charts / Figures: 33
  • Companies covered: 21
  • Countries covered: 19

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