Overview and Scope
A wireless mesh network refers to a network that is connected by wireless access point (WAP) nodes that have been installed at the locations of each network user. It is used to connect multiple Wi-Fi access points and expand the network coverage.
Sizing and Forecast
The wireless mesh network market size has grown rapidly in recent years. It will grow from $8.3 billion in 2023 to $9.28 billion in 2024 at a compound annual growth rate (CAGR) of 11.8%. The growth in the historic period can be attributed to strong economic growth in emerging markets, the growing internet and digital penetration, growing development of smart cities and growing funding from public and private institutions.
The wireless mesh network market size is expected to see rapid growth in the next few years. It will grow to $14.44 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to government support, global population growth and urbanization, increasing demand for smart connected devices and rising demand for industrial automation. Major trends in the forecast period include government support, global population growth and urbanization, increasing demand for smart connected devices and rising demand for industrial automation.
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The wireless mesh network market covered in this report is segmented –
1) By Radio Frequency: Sub 1 GHz Band, 2.4 GHz Band, 4.9 GHz Band, 5 GHz Band And Above
2) By Mesh Design: Infrastructure Wireless Mesh, AD-HOC Mesh
3) By Component: Product, Service
4) By Application: Home Networking, Video Surveillance, Disaster Management And Rescue Operations, Medical Device Connectivity, Traffic Management
5) By End Use : Education, Government, Healthcare, Hospitality, Mining, Oil And Gas, Transportation And Logistics, Smart Infrastructure, Other End Uses
North America was the largest region in the wireless mesh network market in 2023. The regions covered in the wireless mesh network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing adoption of smart connected devices is expected to drive the demand for the wireless mesh networks (WMN) market going forward. Smart-connected devices are devices that are connected through different wireless protocols such as Bluetooth, wi-fi, and others. wireless mesh networks are used in smart connected devices to connect enabled devices to the network. Hence, increasing smart connected devices will create the demand for wireless mesh networks. For instance, in May 2022, according to IoT Analytics GmbH, a Germany-based provider of IoT data analysis, the global IoT-connected devices are expected to increase by 18% to 14.4 billion in 2023. Further, it is estimated to reach 27 billion connected IoT devices by 2025. Therefore, the increasing adoption of smart connected devices will increase the demand for the wireless mesh networks market.
Key Industry Players
Major companies operating in the wireless mesh network market report are Telefonaktiebolaget LM Ericsson, Hewlett Packard Enterprise Company, Cisco Systems Inc., Zebra Technologies Corporation, Hitachi, Ltd.,Qualcomm Incorporated, Qorvo Inc., Netgear Inc., Digi International Inc., Beijing Hanhua Hi-Tech Co., Ltd., iFly Communications, After Thinking Technology Co., Ltd., Xian Network Technology Co., Ltd., Morningcore Holding Co., Ltd, ZTE Corporation, Singtel Group, Linksys, Lyntia Networks, GlobalConnect, Nokia Corporation, Wyld Networks, Golden Telecom, 5GASP, Mesh Network Services SRL, Rajant, Helix Mesh Rider Radio, Blu Wireless, BlueNRG-Mesh, Grandstream, D-Link, Redline Communications, Kontron Canada, Strix Systems, Aruba Networks, Firetide Inc, Ruckus Wireless Inc., L5 Networks, Padtec, Radioenge, Ubiquiti Dubai, Prologix LLC, LWCOM, Village Telco, Satinlink Technologies, Kinetic Mesh
The wireless mesh network market report table of contents includes:
1. Executive Summary
2. Wireless Mesh Network Market Characteristics
3. Wireless Mesh Network Market Trends And Strategies
4. Wireless Mesh Network Market – Macro Economic Scenario
5. Global Wireless Mesh Network Market Size and Growth
…..
32. Global Wireless Mesh Network Market Competitive Benchmarking
33. Global Wireless Mesh Network Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Wireless Mesh Network Market
35. Wireless Mesh Network Market Future Outlook and Potential Analysis
36. Appendix
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