IoT Node and Gateway Market To Reach $183 Billion by 2035

IoT node and gateway market is projected to grow from $85 billion in 2025 to $183 billion by 2035, expanding at a CAGR of 8.0% during the forecast period. The market growth is primarily driven by the rapid expansion of connected infrastructure and industrial digitalization. Among hardware segments, Connected Integrated Circuits (ICs) are witnessing the fastest growth due to their critical role in enabling wireless communication (Wi-Fi, Bluetooth, LPWAN, 5G) across IoT ecosystems. Increasing demand for low-power connectivity and edge intelligence is driving innovation and strategic developments in this segment. From an application standpoint, the proliferation of smart energy systems and electric mobility is further reinforcing the need for IoT hardware. According to the International Renewable Energy Agency, renewable energy capacity additions reached over 500 GW globally in 2023, requiring advanced monitoring systems enabled by IoT nodes and gateways.

Browse the full report description of “IoT Node and Gateway Market Size, Share & Trends Analysis Report, By Hardware (Processors, Sensors, Memory Devices, Connected Integrated Circuits, Others) By End-Use Industry (Industrial, Smart Cities & Infrastructure, Healthcare, Agriculture, Transportation & Logistics, Energy & Utilities, Retail, Consumer Electronics/Smart Homes, Others), Forecast Period (2026-2035)” at  https://www.omrglobal.com/industry-reports/iot-node-and-gateway-market

Rising trend in Smart and Connected Devices

A key macro driver is the global rise in connected devices and network penetration. According to the International Telecommunication Union, over 6 billion people (three-quarters of the global population) were using the internet in 2025, reflecting a strong foundation for IoT adoption. This surge in connectivity is directly accelerating demand for IoT nodes (sensors, processors) and gateways that enable real-time data communication across industries.

In parallel, industrial automation and smart infrastructure investments are significantly boosting hardware demand. The International Energy Agency reports that global investment in energy infrastructure exceeded $3.3 trillion in 2025, with a growing share allocated to digital and smart grid technologies. These deployments rely heavily on IoT gateways for edge processing and secure communication, as well as sensors and connected ICs for monitoring and control. Additionally, smart city initiatives supported by the European Commission emphasize digital infrastructure, where IoT nodes play a crucial role in traffic management, utilities, and environmental monitoring systems.

Innovation Leaders Transforming the IoT Node and Gateway Market

• In March 2026, STMicroelectronics unveiled its new STM32C5 series of entry-level microcontrollers, designed to significantly enhance performance, speed, and Flash density for smart devices across industrial, consumer, and urban applications. Built on a 40 nm process and powered by the Arm Cortex-M33 core, the new MCUs deliver improved efficiency and faster processing while maintaining cost-effectiveness and low power consumption. The STM32C5 also integrates advanced security features to support safer connected devices in increasingly digital ecosystems.
• In March 2026, Texas Instruments announced the expansion of its microcontroller portfolio with new edge AI-enabled MCUs, integrating the TinyEngine™ neural processing unit to deliver up to 90x lower latency and over 120x improved energy efficiency. The newly launched MSPM0G5187 and AM13Ex MCUs enable developers to deploy AI capabilities across a wide range of applications, from simple devices to complex real-time systems.

Market Coverage

• The market number available for – 2025-2035
• Base year- 2025
• Forecast period- 2026-2035
• Segment Covered-
  o Hardware
  o End-Use Industry
  o Component
  o Competitive Landscape – STMicroelectronics N.V., Samsung Electronics, Intel Corporation, Huawei Technologies Co., Broadcom Inc., among others

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global IoT Node and Gateway Market Report Segment

By Hardware

• Processors
• Sensors
• Memory Devices
• Connected Integrated Circuits
• Others

By End-Use Industry

• Industrial
• Smart Cities & Infrastructure
• Healthcare
• Agriculture
• Transportation & Logistics
• Energy & Utilities
• Retail
• Consumer Electronics / Smart Homes
• Others

Global IoT Node and Gateway Market Report Segment by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Russia
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Australia and New Zealand
• ASEAN Economies
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa

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