Press release
Industrial Wireless in Factory Automation Market Research Report 2023
Industrial Wireless in Factory Automation MarketWireless communication, or sometimes simply wireless, is the transfer of information or power between two or more points that are not connected by an electrical conductor. The most common wireless technologies use radio waves. With radio waves distances can be short, such as a few meters for Bluetooth or as far as millions of kilometers for deep-space radio communications. It encompasses various types of fixed, mobile, and portable applications, including two-way radios, cellular telephones, personal digital assistants(PDAs), and wireless networking.
The global Industrial Wireless in Factory Automation market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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Wireless devices are used both in process and discrete industries for a wide applications, including easy maintenance, control, and monitoring. These devices are perceived as the next big technological step in industrial automation. However, their adoption has been moderate to date because of concerns over the robustness, reliability, and security of wireless technology. A need for automation in industries such as oil and gas, automotive, power, and textile has created need for industrial wireless.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Industrial Wireless in Factory Automation, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Industrial Wireless in Factory Automation.
The Industrial Wireless in Factory Automation market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Industrial Wireless in Factory Automation market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Industrial Wireless in Factory Automation companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
Key Segmentations
By Company
• Emerson Electric
• Honeywell
• Siemens
• Yokogawa Electric
• ABB
• Belden
• Cisco
• Exloc Instruments
• Motorola
• Moxa
• Ruckus Wireless
• Westermo
Segment by Type
• Wireless Local Area Network (WLAN)
• Wireless Personal Area Network (WPAN)
• Satellite (GNSS)
• Low-Power Wide-Area Network (LPWAN)
• Cellular
Segment by Application
• Automotive Industry
• Electronics
• Semiconductor Industry
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