Wireless Mesh Network Market Trends

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)

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 â€“ 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 Trends