Wireless Mesh Network Market Size & Share, by Component (Solutions, Services); Radio Frequency (Sub 1 GHz Band, 2.4 GHz Band, 4.9 GHz Band, 5 GHz Band); Application (Home Networking, Video Surveillance, Disaster Management, Medical Device Connectivity, Traffic Management); End-user (Education, Government, Healthcare, Oil & Gas, Transportation & Logistics, Smart Cities & Smart Warehouses) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 5024
  • Published Date: Jun 14, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Wireless Mesh Network Market size is anticipated to cross USD 54.41 Billion by the end of 2035, witnessing around 16.8% CAGR during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of wireless mesh network was around USD 8.44 billion. There is a growing demand for low-power wide area networking (LPWAN) solutions, high bandwidth requirements, and network performance improvements driving the growth of wireless mesh networks. The reliability of low-power LPWAN technology is contributing to its increasing popularity. This technology is ideal for IoT applications, as it can provide reliable communication over a wide area with minimal power consumption.

 As information communication technology becomes increasingly important and pervasive in our lives, there is a need to manage the amount of bandwidth available on wireless networks. This is to ensure optimal performance and user experience. Network bandwidth management solutions provide the necessary tools and resources to ensure that this is done effectively, and this is expected to drive the wireless mesh network market.


Global Wireless Mesh Network Market
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Wireless Mesh Network Sector: Growth Drivers and Challenges

Growth Drivers

  • Machine-to-Machine (M2M) Communications - There were 8.8 billion machine-to-machine (M2M) connections around the world in 2020, a 21% increase from the year before. With the increased demand for the Internet of Things (IoT), M2M communication has the potential to revolutionize wireless mesh networking. The technology allows machines to communicate with each other without the need for a human intermediary, which can significantly reduce costs and increase efficiency.
  • Emerging New Generation of Industrial Automation and Industry 4.0 - A peak of 132 acquisitions related to Industry 4.0 was recorded in 2021, and over 74% of survey respondents now report that they are in the process of implementing their Industry 4.0/Smart Factory initiatives. Wireless mesh networks are particularly useful for industrial automation, as they enable real-time communication between machines, robots, and sensors. This allows for more efficient production processes and improved safety, as well as reduced costs. Industry 4.0, with its emphasis on automation, will require more sophisticated and reliable wireless mesh networks that can support a variety of connected devices and systems.
  • Increasing Number of Connected Devices Across the World - The growth of the Internet of Things (IoT) and the proliferation of smart devices are leading to more and more connected devices. This increased connectivity creates the need for better communication networks, such as wireless mesh networks, which are more reliable and secure than traditional networks. These networks are self-recovering, self-configuring networks that provide reliable and secure connections between devices. They are also highly scalable, which makes them ideal for large-scale IoT deployments.

Challenges

  • High installation costs - Wireless Mesh Network requires expensive equipment and installation costs, which makes it difficult for small and medium-sized enterprises to adopt it. Furthermore, the wireless mesh network's signal range is limited, and it requires infrastructure and power to operate, which can be costly.
  • Security threats, and limited bandwidth
  • Latency issues

Wireless Mesh Network Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~ 16.80%

Base Year Market Size (2022)

~ USD 8.44 Billion

Forecast Year Market Size (2035)

~ USD 54.41 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

 

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Wireless Mesh Network Segmentation

Radio Frequency (Sub 1 GHz Band, 2.4 GHz Band, 4.9 GHz Band, 5 GHz Band)

Wireless mesh network market from the 2.4 GHz band segment is slated to gain the largest revenue share of about 32% in the year 2035. The 2.4 GHz band is the most commonly used frequency for wireless networks due to its wide range and ability to penetrate obstacles. Additionally, the 2.4 GHz band segment is capable of providing low power and high data rate communication that is suitable for robust and reliable industrial and medical communication, which drives the segment's demand. Moreover, the segment has the potential to be used in different IoT applications, such as home automation, industrial automation, and building automation, which further drives the market growth.

Application (Home Networking, Video Surveillance, Disaster Management, Medical Device Connectivity, Traffic Management)

A significant share of about 27% is predicted for the disaster management segment in 2035. The segment growth can be attributed to the growing need for efficient emergency communication systems, a rising number of natural disasters, and the increased focus on the development of resilient and reliable communication systems. Mesh networks allow for data to be transmitted over multiple paths, which is essential for providing reliable communication during disasters. It also allows for communication devices to be connected even if they are not directly connected to the main network, thus making it easier for responders to stay connected in remote locations.

Our in-depth analysis of the global market includes the following segments:

         Component

  • Solutions
  • Services

         Radio Frequency

  • Sub 1 GHz Band
  • 2.4 GHz Band
  • 4.9 GHz Band
  • 5 GHz Band

          Application

  • Home Networking
  • Video Surveillance
  • Disaster Management
  • Medical Device Connectivity
  • Traffic Management

          End User

  • Education
  • Government
  • Healthcare
  • Oil & Gas
  • Transportation & Logistics
  • Smart Cities & Smart Warehouses
 

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Wireless Mesh Network Industry - Regional Synopsis

North American Market Forecast

With a market share of about 35% by 2035, the wireless mesh network market in this region seems to hold the largest share among all others. Governments in the region encouraging the adoption of wireless mesh networks for a wide range of applications, such as smart cities, smart grids, and connected healthcare. This is due to the need to create resilient communication networks to improve the quality of services to citizens. In recent years, the United States has adopted smart city technologies in 50 cities, which is the highest number in the world. Additionally, the presence of a large number of telecom operators and service providers in the region has further driven the growth of the market.

APAC Market Analysis

The Asia Pacific wireless mesh network market is estimated to be the second largest, registering a share of about 28% by the end of 2035. The Asia Pacific region has been at the forefront of developing the latest network technologies, such as 5G and 6G. Additionally, the increasing number of remote workers due to the pandemic has led to more demand for wireless mesh networks for reliable connectivity and higher bandwidth. China has 460 million remote workers as of December 2021, a 34 percent increase over the previous year. Wireless mesh networks provide a secure connection that can be accessed from anywhere, making them an ideal solution for remote workers.

Research Nester
Wireless Mesh Network Market Size
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Top Featured Companies Dominating the Wireless Mesh Network Market

top-features-companies
    • Cisco Systems Inc
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • ABB Ltd
    • Hewlett Packard Enterprise Development LP
    • ZTE Corporation
    • Nortel Networks Corporation
    • Huawei Technologies Co., Ltd.
    • Aruba Networks, Inc.
    • BelAir Network Inc.
    • Firetide, Inc.
    • Rajant Corp.

In-the-news

In The News

  • A new generation of 4K Wi-Fi 6 mesh media gateway set-top box was unveiled by ZTE Corporation in Amsterdam, the Netherlands, at the International Broadcasting Convention. This new home media terminal combines the features of a gateway, router, and set-top box.
  • Huawei announced HUAWEI WiFi Mesh 7, a mesh router that extends the brand's product line. Huawei's new smart mesh routers come in two packs and offer superfast Wi-Fi 6 Plus connections to 250 devices within 6,000 square feet. A high-speed, reliable, and secure internet connection for everyone in the house is ideal for large homes.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5024
  • Published Date: Jun 14, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing demand for reliable and robust wireless connectivity, and the growing popularity of the Internet of Things (IoT) are the major factors driving market growth.

The market size of wireless mesh networks is anticipated to attain a CAGR of ~16.80% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Cisco Systems Inc, ABB Ltd, Hewlett Packard Enterprise Development LP, ZTE Corporation, Nortel Networks Corporation, Huawei Technologies Co., Ltd., and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by component, radio frequency, application, end user, and by region.

The disaster management segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

High installation costs, security threats, and limited bandwidth are the challenges affecting the market growth.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Wireless Mesh Network Market Report Scope
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