Americas Region Leads World Router and Gateway Market: Report
The cellular router and gateway market saw 5.6 million units shipped in 2022, with annual revenues of $1.4 billion and the Americas accounting for about half of that, ResearchAndMarkets.com said in a Monday report. Average selling price in the Americas…
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region “is significantly higher compared to other markets, primarily due to a higher share of feature-rich, high-speed 4G LTE and 5G devices in the product mix,” it said. The report forecast $2.5 billion in global revenues in 2027. Ericsson’s Cradlepoint and Semtech’s Sierra Wireless were the market leaders, the report said.