Asia Pacific IoT Gateway Market size valued at USD 2 billion in 2019 and is predicted to expand at over 13% CAGR from 2020 to 2026.
The market growth is propelled by rising government initiatives & investments in smart cities by countries including India, China, Japan, and others. For instance, the Government of Seoul is planning to deploy around 1,000 LoRaWAN gateways in the city to enhance municipal Wi-Fi and develop next-generation smart cities. Several government initiatives to improve cybersecurity will drive the expansion opportunities for IoT networks. In February 2020, the Government of Japan released a new regulation that authorizes the government to test IoT devices that can be exploited during cyberattacks.
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Market, By Connectivity Technology
The Bluetooth connectivity technology segment dominated around 40% APAC IoT gateway market share in 2019 and will witness growth of 15% during the forecast timeline. Bluetooth IoT devices are used in applications that involve the transfer of data over short distances. The technology uses Ultra-High Frequency (UHF) waves between 2,402 and 2,480 MHz for a fast data transfer.
The proliferation of industrial automation in economies including China and South Korea, among others will create opportunities for the market growth. These gateways with Bluetooth connectivity offer easy communication among devices, enabling machine-to-machine communication. The industrial IoT environment includes smart edge devices such as meter concentrators, load breakers, sensors, CCTV cameras, traffic monitoring & control units, remote PLC controllers, and other automation devices. They are connected to an operational network and controlled centrally through Bluetooth integrated IoT gateways.
Market, By Application
The healthcare application held a Asia Pacific IoT gateway industry share of over 15% in 2019 and is anticipated to grow at 20% CAGR through 2026 impelled by the increasing demand for remote monitoring of patients in hospitals. The integration of IoT solutions in the healthcare sector will enhance patient interactions, improves workflow, and operational efficiency of healthcare professionals.
The healthcare industry is witnessing high adoption of automation technologies for surgeries and non-invasive treatments of patients. Healthcare professionals and doctors are making use of advanced robots and robot-assisted surgical systems to perform highly complex and precise surgeries. For instance, in December 2020, Sysmex launched a surgical robot unit named hinotori. It has received approval from the Japanese regulatory in August 2020. The healthcare staff monitors and controls this platform with the help of smart devices, such as phones & tablets, and the integration of IoT in the ecosystem.
Market, By Region
Indian market size for IoT gateway devices is estimated to register more than 12% growth rate during 2016-2020 attributed to the country’s rapid transformation to a digital economy. A rise in internet penetration and high-speed connectivity will create growth opportunities in the market including education, healthcare, energy, and others.
The Government of India has drafted several policies to create a synergy between the Digital India program and IoT for broadband highway applications. This will deliver a wide range of e-governance and citizen services to all corners of the country, driving the growth of the Asia Pacific market. Innovations introduced by the private sectors of the country have enabled internet services to large number of consumers, further propelling the use of IoT-based devices.
Competitive Industry Landscape
Key players operating in the Asia Pacific IoT gateway market are Huawei Technologies, Aaeon Technology Inc., Nxcom International Co., Ltd., Adlink Technology, Inc., Mitsubishi Electric Corporation, Advantech, and Embitel.
Companies of the region have been investing in research & development activities resulting in product enhancements. For instance, in May 2020, Mitsubishi Electric Corporation launched its new ClariSense IoT technology suite for the development of IoT systems within companies. It will allow manufacturers to maintain IoT systems centrally.