Automotive Industry Drives Expansion Of Industrial Wireless Automation Market: Powering Innovation and Expansion in the Industrial Wireless Automation Market by 2025

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What Is the Expected CAGR for the Industrial Wireless Automation Market Through 2025?
In recent times, the industrial wireless automation market has shown significant growth. The market size, which was $5.18 billion in 2024, is projected to rise to $5.62 billion in 2025, implying a compound annual growth rate (CAGR) of 8.4%. Factors contributing to this upward trend in the past include a surge in demand for remote monitoring and control, a need for real-time data collection, and a boost in productivity.

What's the Projected Size of the Global Industrial Wireless Automation Market by 2029?
There's expected to be substantial growth in the industrial wireless automation market over the upcoming years, with projections indicating it will reach $7.64 billion by 2029, thanks to a compound annual growth rate (CAGR) of 8.0%. This anticipated expansion during the forecasted period is due largely to the broadening of IoT and edge computing, the increasing need for remote monitoring and predictive maintenance, as well as the development of smart manufacturing and industrial IoT. Key trends for this period include harmonisation with Industry 4.0 efforts, swift uptake of 5G technology, the incorporation of AI and machine learning, and an emphasis on cybersecurity.

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Top Growth Drivers in the Industrial Wireless Automation Industry: What's Accelerating the Market?
The surge in the automotive industry is predicted to drive the expansion of the industrial wireless automation market. The escalation in the automotive industry can be attributed to a mix of economic, technological, regulatory, and social factors, along with the incorporation of cleaner and more efficient vehicles. Wireless automation systems allow for live monitoring and administration of manufacturing apparatus and processes. This empowers manufacturers to enhance production output, curtail downtime, and swiftly detect and resolve issues. For example, as reported by the European Automobile Manufacturers Association, a Belgium-based international organization, the global output of motor vehicles hit 85.4 million units in 2022, representing a 5.7% rise from the previous year. Consequently, the burgeoning automotive industry is steering the progress of the market.

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What Trends Will Shape the Industrial Wireless Automation Market Through 2029 and Beyond?
Leading firms in the industrial wireless automation market are leaning towards the creation of IoT-based equipment such as IoT controller N20K48, striving to enhance their competitive stance and boost customer product offerings. An IoT controller serves as a crucial component or gateway used in managing and aligning IoT devices and systems within a networked scenario. This controller operates as a central hub, advancing communication, data processing, and supervising within industrial wireless automation systems, thereby accelerating operational effectiveness and facilitating real-time decision-making in industrial settings. As an example, in May 2023, Novus International, Inc., an American industrial automation and control solutions enterprise, rolled out an IoT controller, N20K48. This controller is equipped with a Wi-Fi micro module that eases the amalgamation of traditional devices, making device communication simple and cost-effective. The micro module, utilizing four slots of the N20K48 controller dock, incorporates an RP-SMA connector that is compatible with the panel and magnetic antennas for intra-panel communication.

What Are the Main Segments in the Industrial Wireless Automation Market?
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

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Which Top Companies are Driving Growth in the Industrial Wireless Automation Market?
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.

Which Regions Will Dominate the Industrial Wireless Automation Market Through 2029?
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.

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