Asia Pacific Wi-SUN Technology Market By Component (Hardware, Software, and Services), By Application (Smart Meters, Smart Buildings, Smart Street Lights, and Others), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Market Report Description
The Asia Pacific Wi-SUN Technology Market would witness market growth of 23.1% CAGR during the forecast period (2021-2027).
Wireless Smart Utility Network (Wi-SUN) is defined as the primary IPv6 sub-GHz mesh technology used for smart city and smart utility applications. In addition, Wi-SUN helps in bringing Smart Ubiquitous Networks to various service providers, municipalities/local government, utilities, and enterprises, by providing multi-service, interoperable, and secure wireless mesh networks.
The Wi-SUN technology is supported by the IPv6 protocol to effectively integrate and accumulate the information, support IP-based device authentication along with encryption communication security technology and identify two-way interaction capability, effectively overcoming the issue through a leaked node of security.
The swift urbanization, the rapid pace of digitalization, and automating industrial procedures via the implementation of IoT solutions or connected devices over time would surge the growth of the regional Wi-SUN technology market in the coming years. Along with that, the rising shift towards industrial IoT applications and the increasing deployment of smart street lighting, smart meters, and smart buildings would open new growth avenues for the regional Wi-SUN technology market.
The China market dominated the Asia Pacific Wi-SUN Technology Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $441.2 Million by 2027. The Japan market would witness a CAGR of 24.2% during (2021 - 2027). Additionally, The India market is poised to grow a CAGR of 24.2% during (2021 - 2027).
Based on Component, the market is segmented into Hardware, Software, and Services. Based on Application, the market is segmented into Smart Meters, Smart Buildings, Smart Street Lights, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., Texas Instruments, Inc., Toshiba Corporation, Analog Devices, Inc., Renesas Electronics Corporation, Murata Manufacturing Co., Ltd., Itron, Inc., Landis+Gyr Group AG, Rohm Semiconductors Co., Ltd., and Trilliant Holdings, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Smart Meters
- Smart Buildings
- Smart Street Lights
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Cisco Systems, Inc.
- Texas Instruments, Inc.
- Toshiba Corporation
- Analog Devices, Inc.
- Renesas Electronics Corporation
- Murata Manufacturing Co., Ltd.
- Itron, Inc.
- Landis+Gyr Group AG
- Rohm Semiconductors Co., Ltd.
- Trilliant Holdings, Inc.
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