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.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~ 16.80% |
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Base Year Market Size (2022) |
~ USD 8.44 Billion |
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Forecast Year Market Size (2035) |
~ USD 54.41 Billion |
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Regional Scope |
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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:
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Component |
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Radio Frequency |
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Application |
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End User |
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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.
Author Credits: Abhishek Verma, Hetal Singh
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