“Global Wireless Mesh Network Market to reach a market value of USD 15.27 Billion by 2031 growing at a CAGR of 8.3%”
The Global Wireless Mesh Network Market size is expected to reach $15.27 billion by 2031, rising at a market growth of 8.3% CAGR during the forecast period.
The traffic management segment held 10% revenue share in the market in 2023. The rise in smart city initiatives and the growing need to manage urban traffic efficiently have boosted the deployment of wireless mesh networks in this segment. These networks enable real-time communication between traffic signals, surveillance cameras, and monitoring systems, helping reduce congestion and improve traffic flow. Moreover, wireless mesh networks support integrating advanced technologies like AI and IoT, further enhancing their application in intelligent traffic management systems.
As businesses and consumers increasingly rely on internet-based services, the demand for seamless connectivity has surged. Wireless Mesh Networks (WMNs) are designed to deliver continuous, reliable communication by creating a decentralized network of nodes that communicate with each other. This structure ensures that the network can re-route data through alternate paths if one node fails, providing robustness and reducing network downtime. In conclusion, as IoT deployments expand, the demand for WMNs will naturally increase, driving further market growth.
Additionally, the shift to remote work and distributed teams has driven a fundamental change in how organizations approach networking and communications. With employees and operations spread across various locations, businesses require flexible, secure, and reliable networks to maintain productivity. Thus, the growing adoption of remote work and distributed operation drives the market's growth.
However, the costs can rise even further for large-scale deployments, such as those required in smart city initiatives or enterprise-level networks. This includes the purchase of physical devices and the cost of network planning, site assessments, and integration with existing infrastructure. Therefore, high initial setup and implementation costs hinder the market's growth.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.
Based on radio frequency, the market is divided into sub 1 GHz band, 2.4 GHz band, 4.9 GHz band, and 5 GHz band. In 2023, the 2.4 GHz band segment garnered 39% revenue share in the market. This dominance can be attributed to its widespread compatibility and extensive range, which make it suitable for various applications across industries.
On the basis of application, the market is segmented into home networking, video surveillance, disaster management & rescue ops, medical device connectivity, and traffic management. In 2023, the home networking segment attained 22% revenue share in the market. The growing adoption of smart home devices and IoT technology has significantly increased the demand for robust, seamless, high-speed internet connectivity in households.
Based on end-use, the market is categorized into education, government, healthcare, hospitality, mining, oil & gas, transportation & logistics, smart cities & smart warehouses, and others. The oil & gas segment witnessed 12% revenue share in the market in 2023. The sector’s reliance on real-time monitoring and communication in remote and hazardous environments has fueled demand for these networks.
Free Valuable Insights: Global Wireless Mesh Network Market size to reach USD 15.27 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region generated 26% revenue share in the market in 2023. Rapid urbanization and the increasing adoption of smart city initiatives in countries like China, India, and Japan have been major growth drivers. The region’s expanding industrial base, coupled with the growing deployment of IoT devices across manufacturing, transportation, and logistics sectors, has created a strong demand for wireless mesh networks.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 8.19 Billion |
| Market size forecast in 2031 | USD 15.27 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 8.3% from 2024 to 2031 |
| Number of Pages | 312 |
| Number of Tables | 450 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Radio Frequency, Application, End-use, Region |
| Country scope |
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| Companies Included | Hewlett Packard Enterprise Company, Ericsson AB, Cisco Systems, Inc., ABB Ltd., Zebra Technologies Corporation, ZTE Corporation, Qualcomm Incorporated (Qualcomm Technologies, Inc.), Qorvo, Inc., Netgear, Inc. and Synapse BioMedical, Inc. |
By Radio Frequency
By Application
By End-use
By Geography
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