The global wireless mesh network market is foretold to expand on the back of the need to improve wireless communications in different industry verticals. The global wireless mesh network market could witness significant growth opportunities created due to easy and quick deployment in public safety infrastructure. Work safety concern in a number of industries is expected to push the demand in the global wireless mesh network market.
Inclusion of mesh networking capabilities in high-demand devices could cause a surge in the growth of the global wireless mesh network market. This could be evidenced by the introduction of Razer’s new product Sila in the gaming routers market. Sila features mesh networking capabilities and specializes in reliable and fast Wi-Fi.
Transparency Market Research (TMR) prognosticates the global wireless mesh network market to log a 9.7% CAGR during the forecast period 2016-2024. The demand in the global wireless mesh network market could reach to 37.2 million units by the final forecast year. In 2015, the number stayed at 13.3 million units.
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North America to Take Lead in Market with High Adoption in Energy and Utilities
Among key regions of the global wireless mesh network market, North America is anticipated to dominate in terms of share. In 2015, it gathered pace in the global wireless mesh network market due to impressive adoption of mesh networks for safety and security systems used in the energy and utilities sectors. Mandatory use of critical communication systems including mesh networks as the backbone is projected to support the rise of North America in the global wireless mesh network market.
On the other hand, Asia Pacific could show quicker growth in the global wireless mesh network market because of the rising needs of smart cities and development of public infrastructure. Government and private bodies focusing on smart metering initiatives are forecast to set the tone for valuable growth in the regional wireless mesh network market.
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Regulatory Mandates Driving Demand for Wireless Mesh Networks in North America
The global market for wireless mesh networks comprises five key regions: North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. North America was the largest contributor to the wireless mesh network market in 2015 owing to the high adoption of mesh networks in safety and security systems in the utilities and energy sectors. Worker safety regulations in the region mandate the use of critical communication systems and mesh networks form the backbone of this communication infrastructure. The growing adoption of Internet of things (IoT) devices has also spurred the use of wireless mesh networks for connectivity and data sharing in North America.
In terms of revenue generation, Europe is the second-largest market. Asia Pacific is projected to be the most rapidly expanding regional segment with a forecast CAGR of 13.7% from 2016 to 2024 thanks to the development of public infrastructure and growing needs from smart city projects. APAC countries such as Japan, China, and India have been witnessing a rising number of initiatives for smart city projects of late with the aim of transforming the safety and communication infrastructure of their cities.
Smart metering initiatives by private and government bodies have also generated the demand for wireless mesh networks in APAC. Smart meters have been replacing old gas and electricity meters for enhanced data transfer and accurate usage analysis. Moreover, the cost required for wiring is reduced since they are connected to wireless mesh networks.
Mining and Oil and Gas Sectors Major End-users of Wireless Mesh Networks
Wireless mesh networks find application in several areas, such as government, mining, healthcare, hospitality, logistics, and education. They are also used in the utilities, oil and gas, and energy sectors. TMR reveals that a significant portion of the revenue generated in the wireless mesh networks market by application comes from the oil and gas, utilities, and energy sectors. The high adoption of wireless mesh networks in the mining and oil and gas industries is due to the enforcement of several worker safety rules and regulations pertaining to the installation of various security applications. The MEA and Latin America regions are lucrative markets for the application of wireless mesh networks in these two industries.