IoT Gateway Market in Asia Pacific 2020 - Industry Statistics Analysis by 2026

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Asia Pacific IoT Gateway Market to surpass 4 Bn
by 2026 Graphical Research
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APAC IoT Gateway Market size is poised be hit USD
4 billion by 2026, according to a latest forecast
report by Graphical Research. The industry
shipments are projected to exceed 12 million
units by 2026. The market revenue growth is owing
to the rapid adoption of technology across the
regional manufacturing industry. Initiatives in
countries including India, Singapore, South
Korea, and others will augment IoT implementation
in Asia Pacific. In February 2019, the Government
of Singapore released a guide stating that IoT
cyber securities will enhance the security of IoT
connected devices. The Multipoint Control Unit
(MCU) component segment accounted for over 35
Asia Pacific IoT gateway market share in 2019 and
is anticipated to grow at a CAGR of 15 through
2026 due to the rising adoption of smart homes
and connected devices across the region. MCUs are
embedded in IoT gateway devices, which offer high
flexibility in single integrated chips used in
IoT architecture. These units are responsible for
data management functions such as data
acquisition, storage, and diagnostics. They offer
highly secure connectivity to the cloud platform
with multi-layer authentication and
authorization. Enhanced capabilities on account
of compact design and smart functioning increase
the growth opportunities for control units in IoT
connected wearables including fitness watches,
glasses, and others. Microcontrollers in gateway
devices are integrated with small
Application-Specific Integrated Circuits (ASICs),
which can be assigned to provide
application-specific features such as to monitor
control data.
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The building automation application segment held
a market share of over 10 in 2019 and is
estimated to expand at around 15 CAGR from 2020
to 2026. IoT technologies integrated with
building automation systems offer facilities such
as centralized collection and control of data
generated by electronic devices. IoT sensors
attached to buildings provide improved energy
efficiency, service innovation, and facility
management, among others. The integration of IoT
technology enhances the operating life of
building management systems while reducing the
cost and risk of manual labors. Several industry
players are involved in providing various
products for building automation systems, thus
extending their sales overseas.   China IoT
gateway market dominated around 50 revenue share
in 2019 and will register growth of 15 during
the forecast period driven by rising government
initiatives investments focused on the
development of local products, providing an
advantage to regional players of the country. For
example, the Made in China 2025 initiative
encourages the domestic production of IoT-enabled
electronic devices. It also offers a reduction in
the cost of raw materials electronic
components, such as processors, sensors, MCUs,
and others, and the high availability of low-cost
labor. Industry players are establishing
partnerships with Chinese regional players for
extending their businesses. Major players in
the IoT gateway devices market are extensively
focusing on strategic investments to innovate
products, stay competitive, and expand footprints
across the globe. For instance, in April 2020,
Aaeon Technology Inc. launched new rugged
embedded platforms, which will be powered by the
NVIDIA Jetson platform. These platforms will
offer interfaces for the latest edge computing
technologies such as AI IoT. In April 2019,
Advantech launched the modular data collection
gateway - WISE-710 specifically for edge IoT
applications, which was powered by NXP
Semiconductor.
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Segmentation of Asia Pacific IoT Gateway
Market Asia Pacific Market, By Connectivity
Technology Bluetooth Wi-Fi ZigBee Asia
Pacific Market, By Component Multipoint Control
Unit (MCU) Field Programmable Gate Array
(FPGA) Sensor Asia Pacific Market, By
Application Wearable device Healthcare Automotive
transportation The above information has been
provided for the following countries Asia
Pacific China Japan India
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