According to The Business Research Company’s Wireless Mesh Network Global Market Report 2023, the global wireless mesh network market (aka Wireless Access Point market) is poised for substantial growth, with the market size expected to expand from $7.41 billion in 2022 to $8.30 billion in 2023, marking an impressive Compound Annual Growth Rate (CAGR) of 12%.

This growth trend is projected to continue, with estimates suggesting that the market will reach $12.78 billion in 2027, at a CAGR of 11.4%. The growth is attributed to various factors, including government support, global population growth, urbanization, increased demand for smart connected devices, and the rising need for industrial automation.

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The global wireless mesh network market features a diverse array of players, resulting in a fairly fragmented landscape. LM Ericsson led the wireless mesh network market with a 9.5% share, followed by Hewlett Packard Enterprise (HPE), Cisco Systems Inc., Zebra Technologies Corporation, Hitachi, Ltd., Qualcomm Incorporated, TP-Link Technologies Co Ltd., Qorvo Inc., Netgear Inc., and Digi International Inc.

The global wireless mesh network market is segmented as follows:

1. By Radio Frequency: Sub 1 GHz Band, 2.4 GHz Band, 4.9 GHz Band, 5 GHz Band
2. By Mesh Design: Infrastructure Wireless Mesh, AD-HOC Mesh
3. By Component: Product, Service
4. By Application: Home Networking, Video Surveillance, Disaster Management and Rescue Operations, Medical Device Connectivity, Traffic Management
5. By End-Use: Education, Government, Healthcare, Hospitality, Mining, Oil and Gas, Transportation and Logistics, Smart Cities and Smart Warehouses

The market segment showing the highest growth potential within the wireless mesh network market, categorized by radio frequency, is the 2.4 GHz band, expected to achieve $2.2 billion in global annual sales by 2027.

Asia-Pacific is the largest region in the wireless mesh network market, with a market worth of $2.4 billion in 2022.  The growth of the wireless mesh network market in Asia-Pacific is driven by infrastructure upgrades, digitization efforts, and a growing internet penetration rate. The surge in adoption of the Internet of Things (IoT) and the increasing need for internet connectivity have been instrumental in driving market growth. In 2022, Asia-Pacific boasted 2.6 billion internet users, representing 62% of the population, up from 1.7 billion (41% of the population) in 2017.

References:

https://www.prnewswire.com/news-releases/the-wireless-mesh-network-market-size-is-expected-to-reach-12-7-billion-by-2027-at-a-cagr-of-more-than-11–by-the-business-research-company-301944310.html

https://www.thebusinessresearchcompany.com/report/wireless-mesh-network-global-market-report

Technavio: Wireless access point market to grow at a CAGR of 6% 2022-2027