INDUSTRIAL ROUTERS MARKET ANALYSIS
North America held the dominant position in industrial routers market in 2017
On the basis of geography, the Industrial routers market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The North America region held the dominant position in the market in 2017 and is projected to retain its dominance throughout the forecast period. In 2017, the North America generated the revenue of US$ 273.9 million and is expected to reach US$ 535.7 million by 2025 with a CAGR of 8.7%. The U.S. and Canada are major economies driving the growth of Industrial routers market in this region. Increasing focus on connected road infrastructure is expected to present significant growth potential for industrial routers over the forecast period. According to the U.S. Department of Transportation, around 42% of major urban highways are congested. Traffic fatalities increased by 7% from 2014 to 2015. Therefore, increasing demand for connected road infrastructure solutions, is in turn expected to aid in growth of the market in the region.
Geographies Covered: North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
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