Global Industrial Wireless Automation Market Projected to Surpass $7.64 Billion by 2029 with 8% Annual Growth

What market dynamics are playing a key role in accelerating the growth of the industrial wireless automation market?
The growth of the industrial wireless automation market is expected to be spurred by the expanding automotive industry. The latter's growth is attributed to a mix of economic, technological, regulatory, and societal influences, along with the adoption of cleaner and more efficient vehicles. Wireless automation systems offer the advantage of real-time monitoring and control of manufacturing equipment and processes, allowing manufacturers to maximize production throughput, reduce downtime, and promptly identify and rectify any problems. The European Automobile Manufacturers Association, a Belgium-based intergovernmental organization, revealed in May 2023 that global motor vehicle production had touched 85.4 million units in 2022, indicating a 5.7% rise relative to the previous year. Consequently, the industrial wireless automation market's growth is being propelled by the upward trajectory of the automotive industry.

Get Your Industrial Wireless Automation Market Report Here:
https://www.thebusinessresearchcompany.com/report/industrial-wireless-automation-global-market-report

How will the growth rate of the industrial wireless automation market shape industry trends by 2034?
There has been substantial growth in the size of the industrial wireless automation market in the past few years. The market, which is projected to surge from $5.18 billion in 2024 to $5.62 billion in 2025, is expected to experience a compound annual growth rate (CAGR) of 8.4%. This growth during the historical period can be ascribed to a surge in demand for remote monitoring and control, as well as the need for real-time data and enhanced productivity.

In the coming years, the industrial wireless automation market is predicted to experience robust expansion. With a compound annual growth rate (CAGR) of 8.0%, the market size is projected to soar to $7.64 billion by 2029. Factors contributing to this growth over the forecast period include the broadening scope of IoT and edge computing, increased demand for predictive maintenance and remote surveillance, as well as the expansion of smart manufacturing and industrial IoT. Observations for the forecast period show a trend towards industry 4.0 integration, quickened implementation of 5G technology, integration of AI and machine learning, and a heightened focus on cybersecurity.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14938&type=smp

What trends are poised to drive the future success of the industrial wireless automation market?
Leading firms in the industrial wireless automation market are concentrating on creating IoT-enabled devices like the IoT controller N20K48 to gain a competitive advantage and improve services to customers. An IoT (Internet of Things) controller serves as a centralized point of control for the coordination and management of IoT devices and systems within a network setting. As a central hub in industrial wireless automation systems, the IoT controller promotes communication, data processing, and control, increasing operational efficiency and supporting real-time decision making in industrial spaces. For example, in May 2023, Novus International, Inc., an industrial automation and control solution provider based in the US, introduced its IoT controller called N20K48. This controller has a Wi-Fi micro module that eases the integration of legacy devices, making device-to-device communication more affordable and simple. This micro module, which occupies four slots of the N20K48 controller dock, features an RP-SMA connector that aligns with panel and magnetic antennas for in-panel communication.

Which primary segments of the industrial wireless automation market are driving growth and industry transformations?
The industrial wireless automation market covered in this report is segmented -

1) By Product: Process Industry, Discrete Industry
2) By Organization: Large Enterprise, Small And Medium-sized Enterprises (SMEs)
3) By Application: Oil And Gas, Petrochemical, Water And Wastewater, Energy, Other Applications

Subsegments:
1) By Process Industry: Oil And Gas, Chemicals, Pharmaceuticals, Food And Beverage, Pulp And Paper, Water And Wastewater Treatment, Mining And Metals, Power Generation
2) By Discrete Industry: Automotive, Electronics, Aerospace And Defense, Machinery AndEquipment, Consumer Goods, Semiconductor Manufacturing, Metalworking, Packaging

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14938

Which geographical regions are pioneering growth in the industrial wireless automation market?
North America was the largest region in the industrial wireless automation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial wireless automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the influential players reshaping the industrial wireless automation market landscape?
Major companies operating in the industrial wireless automation market are Siemens AG, Cisco Systems Inc., Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Eaton Corporation plc, Emerson Electric Co., Rockwell Automation Inc., Omron Corporation, Phoenix Contact GmbH & Co KG, Endress+Hauser AG, Yokogawa Corporation of America, Belden Inc., Rittal GmbH & Co KG, Advantech Co Ltd., Sick AG, Weidmüller Interface GmbH & Co KG, HARTING Technology Group, Pepperl+Fuchs AG, B&R Industrial Automation GmbH, Digi International Inc., Moxa, Turck Holding GmbH, Banner Engineering Corp., OleumTech Corporation, ProSoft Technology Inc.

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=14938&type=smp

What Is Covered In The Industrial Wireless Automation Global Market Report?

•Market Size Forecast: Examine the industrial wireless automation market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the industrial wireless automation market for a structured understanding.
•Key Players Overview: Analyze major players in the industrial wireless automation market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the industrial wireless automation market.
•Segment Contributions: Evaluate how different segments drive overall growth in the industrial wireless automation market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the industrial wireless automation market.
•Industry Challenges: Identify potential risks and obstacles affecting the industrial wireless automation market.
•Competitive Landscape: Review strategic developments in the industrial wireless automation market, including expansions, agreements, and new product launches.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.