PUBLISHER: TechNavio | PRODUCT CODE: 1685568
PUBLISHER: TechNavio | PRODUCT CODE: 1685568
The industrial wireless automation market is forecasted to grow by USD 2378.4 million during 2024-2029, accelerating at a CAGR of 6.9% during the forecast period. The report on the industrial wireless automation market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by integration of AI and ML with wireless automation, growing adoption of high-speed communication network solutions for fast data transfer in the industrial sector, and increasing focus on predictive maintenance.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 6.4% |
CAGR | 6.9% |
Incremental Value | $2378.4 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's industrial wireless automation market is segmented as below:
By Solution
By End-user
By Component
By Technology
By Geographical Landscape
This study identifies the advent of quality 4.0 as one of the prime reasons driving the industrial wireless automation market growth during the next few years. Also, rising use of wireless sensor networks and emergence of RPA will lead to sizable demand in the market.
The report on the industrial wireless automation market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial wireless automation market vendors that include ABB Ltd., Ependion AB, Belden Inc., Cisco Systems Inc., CommScope Holding Co. Inc., Eaton Corp. PLC, Emerson Electric Co., FANUC Corp., General Electric Co., Honeywell International Inc., Mitsubishi Electric Corp., Motorola Solutions Inc., Moxa Inc., OleumTech Corp., OMRON Corp., Phoenix Contact GmbH and Co. KG, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp.. Also, the industrial wireless automation market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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