Industrial Wireless Automation

Industrial Wireless Automation

Global Industrial Wireless Automation Market to Reach US$8.3 Billion by 2030

The global market for Industrial Wireless Automation estimated at US$5.7 Billion in the year 2023, is expected to reach US$8.3 Billion by 2030, growing at a CAGR of 5.5% over the analysis period 2023-2030. Field Instruments, one of the segments analyzed in the report, is expected to record a 4.4% CAGR and reach US$4.2 Billion by the end of the analysis period. Growth in the Communication Networks segment is estimated at 6.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.5 Billion While China is Forecast to Grow at 8.7% CAGR

The Industrial Wireless Automation market in the U.S. is estimated at US$1.5 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.7 Billion by the year 2030 trailing a CAGR of 8.7% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.3% and 5.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.

Global Industrial Wireless Automation Market - Key Trends and Drivers Summarized

How Is Industrial Wireless Automation Transforming Manufacturing?

Industrial wireless automation is revolutionizing the manufacturing sector by enabling more flexible, efficient, and scalable operations. Traditionally, manufacturing processes relied on wired connections to control and monitor machinery, which limited flexibility and increased installation and maintenance costs. Wireless automation, on the other hand, allows for the seamless integration of sensors, controllers, and other devices across a factory floor without the need for extensive cabling. This not only reduces costs but also enhances the ability to reconfigure production lines quickly in response to changing demands. Wireless systems also facilitate real-time monitoring and data collection, enabling manufacturers to optimize processes, reduce downtime, and improve overall productivity.

What Are the Key Benefits of Wireless Automation in Industry?

The adoption of wireless automation in industrial settings offers numerous benefits, from improved operational efficiency to enhanced safety. Wireless systems enable real-time data collection and communication between devices, allowing for more precise control and monitoring of industrial processes. This leads to increased productivity, as potential issues can be identified and addressed before they cause significant disruptions. The flexibility of wireless systems also allows for easier scaling of operations, as new devices can be added or relocated without the need for extensive re-wiring. Additionally, wireless automation improves worker safety by reducing the need for manual intervention in hazardous environments, as machines can be monitored and controlled remotely.

How Are Technological Advances Shaping Industrial Wireless Automation?

Technological advancements are at the heart of the growing adoption of wireless automation in industrial settings. The development of robust wireless communication protocols, such as 5G, Wi-Fi 6, and Zigbee, has significantly improved the reliability and speed of wireless networks, making them suitable for critical industrial applications. Additionally, the integration of IoT (Internet of Things) devices and edge computing allows for real-time data processing and decision-making at the source, reducing latency and improving the responsiveness of automation systems. The use of advanced sensors and AI-driven analytics further enhances the capabilities of wireless automation, enabling predictive maintenance, quality control, and energy management, which are crucial for modern manufacturing processes.

What Is Driving the Growth of the Industrial Wireless Automation Market?

The growth in the industrial wireless automation market is driven by several factors. The increasing complexity of industrial processes and the need for greater flexibility and efficiency are key drivers, as wireless systems offer the scalability and adaptability that traditional wired systems cannot. The ongoing advancement in wireless communication technologies, such as 5G and IoT, is also fueling growth by enabling more reliable and faster data transmission. Additionally, the push towards Industry 4.0, which emphasizes the use of smart technologies and data-driven decision-making, is driving the adoption of wireless automation across various industries. The need for cost reduction and operational efficiency, especially in highly competitive markets, is another significant factor, as wireless automation can lead to significant savings in installation and maintenance costs. Finally, the growing focus on sustainability and energy efficiency in industrial operations is encouraging the adoption of wireless automation, as it enables more precise monitoring and control of energy usage, contributing to greener and more sustainable manufacturing practices.

Select Competitors (Total 34 Featured) -

• ABB Ltd.
• Beijer Electronics AB
• Belden, Inc.
• Cisco Systems, Inc.
• CoreTigo
• Emerson Electric Co.
• GE Vernova
• Glide Technology Pvt. Ltd.
• Honeywell International, Inc.
• Moxa, Inc.
• OleumTech
• Rockwell Automation, Inc.
• Siemens AG
• Silicon Laboratories, Inc.
• Yokogawa India Ltd.;

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