The global industrial wireless in discrete industries market is expected to grow at a significant CAGR of 11.2% during the forecast period (2024-2031). The major factors propelling the growth of the global industrial wireless in discrete industries market include the rising demand for the combination of machines placed in remote locations for functions such as data assimilation and analytics. Additionally, the rising adoption of real-time big data analysis will boost the growth of the market. Incorporating real-time data analytics with historical data allows for data analysis in industrial facilities to identify new results. In the sector, real-time analytics provides advantages such as rapid and precise findings, and lower operational costs
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Additionally, the adoption of emerging new technologies such as cloud computing and 5G networks will propel the growth of the market. With the advent of new technologies and digital transformation, the industrial environment has seen substantial changes over the previous decade. Cloud computing and 5G networks are two new technologies that have developed significantly with time. Cloud computing is anticipated to enable the companies to minimize their dependence on data. The industries may use the 5G network to improve production, resulting in improved products and services, increasing market share, productivity, efficiency, and cost reduction. The use of 5G in discrete sectors is anticipated to accelerate wireless network performance and speed up data transfer operations.
The key players contributing to the growth of the global industrial wireless in discrete industrial wireless market by adopting various strategies such as product launches and developments, mergers and acquisitions, partnerships, and agreements, include ABB Ltd., Belden Inc., Cisco Systems Inc., General Electric Co., and Honeywell International Inc., among others. For instance, in September 2019, Emerson announced its partnership with Cisco Systems Inc. to launch next-generation industrial wireless networking solution for data management to improve plant productivity, reliability and safety.
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Market Coverage
- Segment Covered-
o By Type
o By Application
- Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- ABB Ltd., Belden Inc., Cisco Systems Inc., General Electric Co., Honeywell International Inc., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Industrial Wireless in Discrete Industries Market – Segmentation
By Type
- Wireless Local Area Network (WLAN)
- Wireless Personal Area Network (WPAN)
- Satellite (GNSS)
- Low-Power Wide-Area Network (LPWAN)
- Cellular
By Application
- Automotive industry
- Electronics industry
- Aerospace industry
- Heavy machinery industry
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