Automotive Industry Drives Expansion Of Industrial Wireless Automation Market Emerges as a Core Driver of the Industrial Wireless Automation Market in 2025

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What Is the Expected CAGR for the Industrial Wireless Automation Market Through 2025?
The market size for industrial wireless automation has seen significant expansion in the past few years. It is projected to increase from $5.18 billion in 2024 to $5.58 billion in 2025, with a compound annual growth rate (CAGR) of 7.7%. Reasons for this growth during the historical period include a surge in the demand for remote monitoring and control, a need for real-time data, and enhanced productivity.

What's the Projected Size of the Global Industrial Wireless Automation Market by 2029?
Expectations are high for the industrial wireless automation market to witness robust expansion in the upcoming years, with a projection to reach $7.38 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.2%. Factors propelling this growth during the forecast period include the burgeoning expansion of IoT and edge computing, the surging demand for remote monitoring and predictive maintenance, as well as the rise of smart manufacturing and industrial IoT. Future trends likely to dominate this period include the assimilation of industry 4.0 advancements, a swift embracement of 5G technology, integration of AI and machine learning, alongside an emphasis on cybersecurity.

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Top Growth Drivers in the Industrial Wireless Automation Industry: What's Accelerating the Market?
The industrial wireless automation market's growth is expected to be boosted by the burgeoning automotive industry. The surge in this industry can be attributed to an intermix of economical, technological, regulatory, and societal aspects, along with the adoption of cleaner and more efficient automobiles. The use of wireless automation systems allows for real-time surveillance and control of manufacturing tools and procedures. This helps manufacturers maximize productivity, reduce downtime, and quickly identify and resolve any problems. For example, the European Automobile Manufacturers Association, a Belgium-based intergovernmental group, reported in May 2023 that global motor vehicle production had achieved 85.4 million units in 2022, reflecting a 5.7% growth from the previous year. Consequently, the burgeoning automotive industry contributes to the expansion of the market.

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What Trends Will Shape the Industrial Wireless Automation Market Through 2029 and Beyond?
Major corporations operating within the industrial wireless automation sector are concentrating on creating IoT-based devices such as the IoT controller N20K48, to achieve a competitive advantage and improve their product range. An IoT controller is a central commanding device or pathway used for regulating and coordinating IoT devices and systems in a network setup. It serves as the main hub that enables communication, data processing, and control within industrial wireless automation systems, thus improving operational productivity and facilitating instant decision-making in industrial settings. For instance, Novus International, Inc., an American industrial automation and control solutions firm, introduced an IoT controller, the N20K48, in May 2023. The controller is equipped with a Wi-Fi micro module that eases the integration of older devices, making device communication cost-effective and simple. The micro module that employs four slots of the N20K48 controller dock, has an RP-SMA connector that is compatible with both panel and magnetic antennas for in-panel communication.

What Are the Main Segments in the Industrial Wireless Automation Market?
The industrial wireless automationmarket 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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