PUBLISHER: The Business Research Company | PRODUCT CODE: 1465808
PUBLISHER: The Business Research Company | PRODUCT CODE: 1465808
An industrial wireless local area network (WLAN) is a wireless network specifically designed for use in industrial settings, including factories, warehouses, and manufacturing facilities. This network facilitates wireless communication among industrial equipment, machines, sensors, and control systems, as well as with centralized management systems.
The primary categories of industrial wireless local area network (WLAN) offerings encompass hardware, software, and services. Hardware refers to the tangible components of a computer system responsible for storing and executing the instructions provided by software. Various technologies, including 802.11 a/b/g, 802.11 n (Wi-Fi 4), 802.11 ac (Wi-Fi 5), and 802.11 ax (Wi-Fi 6), can be deployed both on-premise and in the cloud. These technologies find applications across diverse industries, including water and wastewater, power, oil and gas, automotive, and others.
The industrial wireless local area network (WLAN) market research report is one of a series of new reports from The Business Research Company that provides industrial wireless local area network (WLAN) market statistics, including industrial wireless local area network (WLAN) industry global market size, regional shares, competitors with an industrial wireless local area network (WLAN) market share, detailed industrial wireless local area network (WLAN) market segments, market trends and opportunities, and any further data you may need to thrive in the industrial wireless local area network (WLAN) industry. This industrial wireless local area network (WLAN) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The industrial wireless local area network (WLAN) market size has grown strongly in recent years. It will grow from $1.63 billion in 2023 to $1.74 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The expansion observed in the historical period can be attributed to several factors, including the growing industrial shift towards wireless communication, an increase in the lifecycle of machines, rising investments in emerging technologies, the increasing penetration of Industry 4.0, and a higher adoption of wireless location appliances for critical applications. These factors collectively contributed to the growth during that timeframe.
The industrial wireless local area network (WLAN) market size is expected to see strong growth in the next few years. It will grow to $2.23 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The anticipated growth in the forecast period can be attributed to the rise in industry digitalization, an increased adoption of wireless location appliances, a growing demand for environmentally sustainable and eco-friendly products, an increasing need for sustainable and innovative solutions, and a rising requirement for faster, reliable, and secure communication in industrial settings. Key trends expected in the forecast period include technological advancements, the adoption of advanced Wi-Fi standards, progress in IoT technology, the adoption of cloud-based WLAN solutions, and the uptake of high-speed machine-to-machine (M2M) communication.
The widespread adoption of the Internet of Things (IoT) is poised to drive the growth of the industrial wireless local area network (WLAN) market in the coming years. IoT involves a network of interconnected physical devices equipped with sensors, actuators, and software to collect and exchange data over the Internet. The increased adoption of IoT is driven by factors such as the accelerated uptake of remote monitoring and control solutions, the development of cost-effective sensors, and improved connectivity solutions. In January 2022, the GSM Association reported that the overall number of IoT connections is projected to surpass 23.3 billion by 2025, a significant increase from the 15.1 billion connections recorded in 2021. This surge in IoT adoption serves as a key driver for the industrial WLAN market, providing reliable wireless connectivity for IoT devices in industrial settings.
Prominent companies within the industrial WLAN market are actively innovating by developing advanced solutions, particularly next-generation industrial wireless networking solutions, to play a pivotal role in enhancing productivity and operational safety. Next-generation industrial wireless networking solutions represent an advanced wireless communication infrastructure tailored to address the evolving needs and challenges of industrial environments. For example, in February 2023, Moxa Inc., a China-based technology company specializing in industrial networking, computing, and automation solutions, introduced next-generation industrial wireless networking solutions for mobile automation. The AWK-3252A, AWK-4252A, and AWK-1151C Series AP/bridge/client devices simplify wireless operations and cater to the growing demands of industrial mobile applications. These devices leverage IEEE 802.11ac technology to achieve faster data transmission speeds, meeting the requirements for reliable and futureproof systems.
In January 2024, Hewlett-Packard Enterprise Company, a US-based information technology company, completed the acquisition of Juniper Networks Inc. for $14 billion. This strategic move aims to enhance HPE's artificial intelligence capabilities and strengthen its networking business, anticipating a twofold expansion in this sector. The acquisition positions HPE and Juniper as major players with a comprehensive portfolio in the networking industry. Juniper Networks Inc., based in the US, is recognized for producing industrial WLAN solutions designed to deliver wireless access capabilities for industrial applications.
Major companies operating in the industrial wireless local area network (wlan) market are Dell Technologies Inc., Huawei Technologies Co. Ltd. , Siemens AG, Cisco Systems Inc., Schneider Electric SE, Honeywell International Inc., Hewlett Packard Enterprise Co., Nokia Corp., Eaton Corp. PLC, Western Digital Technologies Inc., ZTE Corporation, Commscope Inc., Juniper Networks Inc., Fortinet Inc., Avaya LLC, Belden Inc., Extreme Networks Inc., D-Link Corporation, ALE International SAS, Allied Telesis, Boingo Wireless, Aerohive Networks, WiFi SPARK Limited, Moxa Technologies, Ruckus Wireless, Hirschamnn, Aruba Networks (HP)
North America was the largest region in the industrial wireless local area network market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial wireless local area network (wlan) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the industrial wireless local area network (wlan) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The industrial wireless local area network (WLAN) market consists of revenues earned by entities by providing services such as machine monitoring, process control, asset tracking, inventory management, remote equipment operation, and maintenance and support. The market value includes the value of related goods sold by the service provider or included within the service offering. The industrial wireless local area network (WLAN) market also includes sales of industrial wireless routers, industrial wireless bridges, industrial wireless controllers, industrial antennas, and others. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Industrial Wireless Local Area Network (WLAN) Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on industrial wireless local area network (WLAN) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for industrial wireless local area network (WLAN) ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The industrial wireless local area network (WLAN) market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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