Country-wise, the U.S. acquired a prime share in the industrial router market share in the North American region and Canada is expected to grow at a significant CAGR during the forecast period of 2023-2032.
In Europe, Germany, dominated the industrial router market, in terms of revenue, in 2022 and is expected to follow the same trend during the forecast period. However, the France is expected to emerge as the fastest-growing country in Europe's industrial router market outlook with a CAGR of 6.04%.
In Asia-Pacific, China, Japan, and India are expected to emerge as a significant market for the industrial router market industry, owing to a significant rise in investment by prime players due to rise in investment in automation and robotics for small, medium and large manufacturers in rural and urban in the region.
By region, the Latin America garner significant market share in 2022. The industrial router market has been witnessing improvement, owing to the growing inclination of companies towards utilizing the 5G technology and expanding manufacturing units of industrial router across this region. Moreover, the Middle East region is expected to grow at a high CAGR of 5.82% from 2023 to 2032.
