Industrial Wireless Automation Market 2024-2028
The industrial wireless automation market is forecasted to grow by USD 2,479.12 mn during 2023-2028, accelerating at a CAGR of 7.59% during the forecast period. The report on the industrial wireless automation market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by integration of AI and ML with wireless automation, the growing adoption of high-speed communication network solutions for fast data transfer in the industrial sector, and an increasing focus on predictive maintenance.
Technavio's industrial wireless automation market is segmented as below:
By Solution
- Field instrument
- Communication network
By End-user
- Process industry
- Discrete industry
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the advent of quality 4.0 as one of the prime reasons driving the industrial wireless automation market growth during the next few years. Also, rising use of wireless sensor networks and emergence of RPA will lead to sizable demand in the market.
The report on the industrial wireless automation market covers the following areas:
- Industrial wireless automation market sizing
- Industrial wireless automation market forecast
- Industrial wireless automation market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial wireless automation market vendors that include ABB Ltd., Beijer Electronics Group AB, Belden Inc., Cisco Systems Inc., CommScope Holding Co. Inc., Eaton Corp. Plc, FANUC Corp., General Electric Co., Honeywell International Inc., Mitsubishi Electric Corp., Motorola Solutions Inc., Moxa Inc., OleumTech Corp., OMRON Corp., Phoenix Contact GmbH and Co. KG, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Yokogawa Electric Corp., and Emerson Electric Co.. Also, the industrial wireless automation market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.