The global industrial wireless in factory automation market is expected to grow at a significant CAGR during the forecast period (2024-2031). The major factors propelling the growth of the global industrial wireless in factory automation market include the rising factory automation due to Industry 4.0 and smart technologies enabled with IoT. Industry 4.0 has led machines to impart intelligence and automation facilities to work in more complex environments without the burdens of cables and led to the adoption of wireless communications in industrial settings. Additionally, the emerging connected enterprises will propel the growth of the market. To enable the enhanced production activities, an efficient flow of data is required in factories which is done by the connected enterprises with the aid of IoT and IP networks.
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Industrial wireless in factory automation is the concept of combining wireless industrial tablets, wireless-equipped industrial HMI panels, and IoT devices to create a network of machines that can run efficiently without cables. There are several industrial wireless technologies in factory automation including RFID (Radio-Frequency Identification), wireless sensor networks, wireless LANs, wireless WANs, and others. These are applied in the automation of sectors such as automotive manufacturing, transportation and logistics, and the oil and gas industry.
The key players contributing to the growth of the global industrial wireless in factory automation market by adopting various strategies such as product launches and developments, mergers and acquisitions, partnerships, and agreements, include Emerson Electric, Honeywell, Siemens, Yokogawa Electric, and ABB, among others.
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Market Coverage
- Segment Covered-
o By Product Type
o By Application
- Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Emerson Electric, Honeywell, Siemens, Yokogawa Electric, ABB, 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 Factory Automation Market – Segmentation
By Product 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
- Semiconductor industry
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