The Industrial Wireless Transmitter Market size is estimated at USD 3.08 billion in 2024, and is expected to reach USD 4.25 billion by 2029, growing at a CAGR of 6.64% during the forecast period (2024-2029).
The industrial wireless transmitter market is marked by fragmentation and intense competition, featuring numerous prominent players vying for market share. Many of these companies are expanding their market footprint through the acquisition of contracts and the introduction of innovative products and services. Moreover, businesses operating within this sector are proactively engaging with startups specializing in industrial wireless transmitter technology to enhance their product capabilities.
In March 2023, Honeywell International Inc. introduced its Versatilis Transmitters, designed for the condition-based monitoring of rotating equipment such as pumps, motors, compressors, fans, blowers, and gearboxes. Honeywell's Versatilis Transmitters are engineered to provide precise measurements for rotating equipment, delivering valuable insights that can enhance safety, availability, and reliability across various industries.
In May 2022, Monnit unveiled its intrinsically safe ALTA-ISX Long-Range Wireless transmitters, specifically tailored to safeguard workers and facilities operating in industrial environments with explosive atmospheres. This advancement demonstrates Monnit's commitment to promoting safety in challenging industrial settings.
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