About Industrial Wireless
Industrial wireless includes different devices, sensor networks, and others. Wireless devices are used both in a process and discrete industries. There is a various application of industrial wireless including easy maintenance, control, and monitoring. Growing adoption of IoT as well as escalating advancement in communication technology will help to boost the global industrial wireless market. A requirement for automation in industries such as Oil and Gas, Automotive, Power, and Textile has formed a necessity for industrial wireless.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Industrial Wireless market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cisco (United States), Emerson Electric (United States), Honeywell International (United States), Siemens (Germany), Yokogawa Electric (Japan), ABB (Switzerland), Belden (United States), Exloc Instruments (United States), Motorola (United States) and Moxa (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Ruckus Wireless (United States) and Westermo (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Industrial Wireless market by Type (Industrial Wireless Devices, Industrial Wireless Sensor Network and Others) and Region.
On the basis of geography, the market of Industrial Wireless has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Device, the sub-segment i.e. Industrial Wireless Control Switches will boost the Industrial Wireless market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sensor Network , the sub-segment i.e. Flow will boost the Industrial Wireless market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solution, the sub-segment i.e. Wireless Field Instruments will boost the Industrial Wireless market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Automotive will boost the Industrial Wireless market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Adoption of IOT and Escalating Advancement in Communication Technology
Market Growth Drivers:
Increasing Importance of Real-Time Data Analysis and High Demand Due To M2M Interaction and Connectivity
Challenges:
Growing Concern about Data Security
Restraints:
Rising Threats of Cyber Attacks
Opportunities:
Technological Advancement in Industrial Wireless and New Innovation in Wireless Infrastructure Market in Emerging Countries
Market Leaders and their expansionary development strategies
In March 2024, Siemens announced its intent to acquire ebm-papst’s industrial drive technology (IDT) business, which includes intelligent, integrated, network-connected mechatronic systems, as well as motion control systems used in free-range driverless transport systems.The acquisition will enable us to tap new business and customer potential in the rapidly growing market for intelligent, battery-powered drive solutions in intralogistics as well as mobile robot solutions
In Hitachi Energy has launched the TRO670 hybrid wireless router, the latest addition to its TRO600 series of high-throughput and low-latency industrial wireless communications devices to support a host of smart grid and Industrial Internet of Things (IIoT) applications.Enables seamless network extension with backward compatibility across the entire Hitachi Energy wireless product line.
Key Target Audience
Industrial Wireless Solution Providers, Government and Private Research Organization, Government Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.