According to a new report published by Introspective Market Research, Wireless Mesh Network Market was estimated to be USD 5.54 Billion in 2021 and is expected to reach USD 13.11 Billion by 2028, registering a CAGR of 13.1%, from 2022 to 2028.
A wireless mesh network (WMN) is a mesh network formed by connecting wireless access point (WAP) nodes at each network user’s location. Because each node just needs to transmit as far as the next node, the networking infrastructure is decentralized and simple. WMNs can be connected to the internet or not. Originally designed for military uses, wireless mesh radio networks allow each node to dynamically function as a router for all other nodes. Even if some nodes fail, the surviving nodes can interact with each other and, if necessary, serve as uplinks for the other nodes. Some of the primary benefits driving the use of this technology include resilient communications, cheap financial costs, and flexible scaling. These networks also have the power of self-organization and auto-configuration. They can easily expand coverage, capacity, and availability by simply deploying more WAPs without disrupting other nodes.
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Major Key Players for Wireless Mesh Network Market:
- Cisco Systems, Inc.
- Firetide, Inc.
- Qorvo, Inc.
- Qualcomm, Inc.
- Strix Systems
- Synapse Wireless, Inc.
- Wirepas Oy
- Rajant Corporation.
- ABB Ltd.
- Aruba Networks
- Cambium Networks, Inc.
- Ruckus Wireless, Inc.
Market Dynamics and Factors:
The industry is expected to develop as new technologies such as IoT become more widely adopted. The infrastructure nodes are connected through a mesh network. These nodes communicate with one another and connect to several other nodes to convey data. Self-healing, self-configuring, scalability and dependability, as well as cost reduction, are all advantages of mesh networks for IoT devices. Wireless transmission technology suitable not only for connecting a large number of simple, low-cost devices, but also for interconnecting them, will be useful in IoT applications. The wireless mesh networking market is expected to be driven by this.
Data security issues, which are compounded by concerns about personal data privacy, may limit market growth throughout the forecast period. The high costs of a wireless mesh network could be a substantial barrier to entry for new players in the market.
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Wireless Mesh Network Market Report Highlight:
- The 2.4 GHz operating frequency sector is expected to expand by roughly 15% during the projection period, as wireless mesh network providers focus on the growing need for enhanced wireless network coverage over long distances and in remote places.
- Physical Appliances, one of the report’s segments, is expected to grow at an 11.7 percent compound annual growth rate (CAGR) and reach US$4.8 billion by the conclusion of the analysis period. Following an early assessment of the pandemic’s business ramifications and the resulting economic crisis, the Mesh Platform segment’s growth is revised to a revised 15 percent CAGR for the following seven years.
- The Wireless Mesh Network industry in the United States is expected to reach US$1.5 billion by 2020. China, the world’s second largest economy, is expected to reach a projected market size of US$2 billion by 2027, representing a CAGR of 12.7 percent between 2020 and 2027. Japan and Canada are two more important geographic markets, with growth forecasts of 11.3 percent and 11.3 percent, respectively, from 2020 to 2027. Germany is expected to expand at a CAGR of roughly 9.7% in Europe.
Key Industry Development:
Cisco purchased Fluidmesh Networks in April 2020 to improve its wireless solution for the Industrial Internet of Things (IIoT). This will boost the wireless mesh network company’s market share.
Wireless Mesh Network Market Segmentation:
By Operating Frequency
- Sub 1 GHz Band
- 4 GHz Band
- 9 GHz Band
- 5 GHz Band
- Physical Appliances
- Mesh Platforms
By End User
- Oil & Gas
- Transportation & Logistics
- Smart Cities and Smart Warehouses
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For this report, Introspective Market Research has segmented the Wireless Mesh Network Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
- North America
- The U.S.
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- Latin America
- Rest of LATAM
Scope of the Report:
The report encompasses the entire analysis of market size in previous years for major segments and countries, as well as future estimates. The Wireless Mesh Network Market study looks deeply into the worldwide market’s competitive landscape. The study also provides the names of key market players and the methods they used to gain a dominant position in the industry. It also includes useful market insights, dynamics and factors, and market analysis techniques such as PESTEL analysis, PORTER’s Five Forces analysis, value chain analysis, SWOT analysis, BCG matrix, and Ansoff matrix.
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