According to a new report, published by KBV research, The Global Wireless Mesh Network Market size is expected to reach $15.27 billion by 2031, rising at a market growth of 8.3% CAGR during the forecast period.
The 5 GHz segment is experiencing a CAGR of 7.8% during (2024 - 2031). This frequency band is increasingly preferred for its ability to deliver higher data transmission speeds, which is critical for bandwidth-intensive applications like video streaming and real-time communication. The 5 GHz band also faces less congestion, ensuring better performance in high-density environments. However, its adoption is somewhat tempered by a shorter range and higher component costs, which may limit its suitability for certain use cases.
The Disaster Management & Rescue Ops segment is leading the Global Wireless Mesh Network Market by Application in 2023; thereby, achieving a market value of $3.5 billion by 2031. This is primarily due to wireless mesh networks' critical role in providing reliable, ad-hoc connectivity during emergencies when traditional communication networks are unavailable or damaged. These networks enable seamless communication for first responders, facilitate real-time data exchange, and enhance situational awareness in disaster-stricken areas. Furthermore, their ability to function without centralized infrastructure makes them indispensable for rescue operations in remote or inaccessible regions.
The smart cities & smart warehouses segment is anticipating a CAGR of 7.0% during (2024 - 2031). This is driven by the increasing adoption of IoT and smart technologies in urban infrastructure and warehouse operations. In smart cities, wireless mesh networks are used for public Wi-Fi, intelligent lighting, traffic monitoring, and security systems, enhancing overall efficiency and connectivity. In smart warehouses, these networks enable seamless communication between IoT devices, robots, and monitoring systems, streamlining inventory management and logistics processes.
Full Report: https://www.kbvresearch.com/wireless-mesh-network-market/
The North America region dominated the Global Wireless Mesh Network Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $5.46 billion by 2031. The Europe region is experiencing a CAGR of 7.9% during (2024 - 2031). Additionally, The Asia Pacific region would showcase a CAGR of 8.9% during (2024 - 2031).
By Radio Frequency
By Application
By End-use