Latest News- Industrial Wireless Automation Market: Field instrument is expected to lead the Solution segment during 2025-2029

The Industrial Wireless Automation Market is being driven by Integration of AI and ML with wireless automation

The Industrial Wireless Automation Market is expected to grow at a CAGR of 6.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2378.4 million. In today's business landscape, industries are increasingly embracing automated wireless solutions to enhance product traceability, boost production efficiency, and reduce operational expenses. This shift towards Industry 4.0 is gaining momentum. Quality 4.0, a critical component of Industry 4.0, leverages technologies like connectivity, intelligence, and automation to enhance product quality. However, a significant challenge for production facilities in achieving quality objectives is the poor data metrics and insufficient adoption of real-time data. Quality 4.0 addresses this issue by providing real-time, accurate, and easily accessible data. Nevertheless, the acquisition of data in industrial settings can be intricate and costly due to the complexities of IoT deployments. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Solution
  • Field instrument
  • Communication network
• End-user
  • Process industry
  • Discrete industry
• Component
  • Hardware
  • Software
  • Services
• Technology
  • Wi-Fi
  • Bluetooth
  • Cellular (4G/5G)
  • Zigbee
  • LoRaWAN
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • Mexico
    • US
  • Europe
    • Germany
    • UK
    • France
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Integration of AI and ML with wireless automation
• Growing adoption of high-speed communication network solutions for fast data transfer in the industrial sector
• Increasing focus on predictive maintenance

However, the market also witnesses some limitations, which are as follows:

• High cost of wireless automation implementation
• Complexities involved in implementation of wireless automation
• Growing cybersecurity concerns

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Market Scope in Industrial Wireless Automation Market Research Report

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Research Analysis Overview

The Industrial Wireless Automation Market is experiencing significant growth due to the integration of advanced technologies such as wireless networking, digital assistants, and high-speed communication in industrial automation. Industries like manufacturing, automotive, and textile are adopting wireless devices for predictive maintenance, automatic production, and digital supply chain management. Technological development in encryption, authentication, and access control mechanisms ensures data security. Industrial robots, computers, and sensors are being connected through wireless networks for automatic production and real-time monitoring. Artificial intelligence, machine learning, and digital technologies are driving automation in energy, oil and gas, and other sectors. Initial investment in 5G networks and software providers and system integrators will further boost the market growth. However, cyber threats pose a challenge to the market's expansion.

Market Research Overview

The Industrial Wireless Automation Market is a significant segment of the larger global Electrical Components and Equipment Market. This market encompasses businesses specializing in industrial automation solutions, including wireless networking technologies, robots, computers, and information technologies integrated with wireless devices such as cellular telephones and digital assistants. The Electrical Components and Equipment Market size is determined by the consolidated revenue of manufacturers in various sectors, including water heaters and accessories, motors, motor control, encoder and amplifier, automation solutions, electrical distribution and protection equipment, small generators, wire and cable accessories, power supplies and conditioners, sensors, meters and indicators, recorders and loggers, process safety systems, instrumentation, test and measurement equipment, switches, transmitters and receivers, HVAC, and safety components. Additionally, rental and leasing services for electrical components and equipment to industrial, commercial, and residential clients are taken into account when calculating the market size.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/