According to the Market Statsville Group (MSG), the global Industrial Wireless Automation Market size is expected to grow from USD 1,610.6 million in 2021 to USD 2,838.8 million by 2030, at a CAGR of 6.5% from 2022 to 2030.

Wireless communication refers to the transfer of data or power between two or more nodes performed without an electrical conductor. Radio waves are the most widely used wireless technology. Distances can be reduced by radio waves, which can be as short as a few meters for Bluetooth or as far as millions of kilometers for deep space communications. Two-way radios, personal digital assistants (PDAs), cellular telephones, and wireless networking are instances of fixed, mobile, and portable applications.

Global Industrial Wireless Automation Market Definition

Robots, computers, and information technologies are used in industrial automation to assist in the handling of various processes as well as machinery and can replace humans. These wireless devices are used in both the in-process and discrete industries because they are simple to maintain, control, and monitor. These devices are a significant technological advancement in industrial wireless automation, as their adoption is increasing due to concerns about wireless technology's robustness, reliability, and security. Automation in industrial wireless is also required in the oil and gas, automotive, and textile industries.

With the growing technological advancements, there is an increase in the adoption of Industry 4.0 and the introduction of 5G wireless technology, which drives the demand for the global industrial wireless automation market. The increasing adoption of IoT is also propelling the market’s growth.

Global Industrial Wireless Automation Market Dynamics

Drivers: Increasing Use of High-Speed Communication Networks

The market is being driven by the widespread availability of low-cost, ubiquitous connectivity due to Machine2Machine communications. Because of M2M interaction and connectivity, wireless communication technology is increasingly used for decision-making and performance measurement on shop floors and control rooms. Further, the growing advancements in wireless technology, science, engineering, and manufacturing have been transformed to transmit long-distance data related to industrial processes in hostile and dangerous environments, thereby augmenting the industrial wireless automation market.

Restraints: The Adoption of Outdoor Wireless Networks

The adoption of outdoor wireless networks, which pose security risks and major concerns about cyber threats, is impeding the market’s growth. Furthermore, the initial investment required to transition from human production to an automatic production line is very high, affecting market growth by decreasing global industrial wireless automation market demand.

Opportunities: Adoption of New Technologies in Industrial Wireless Automation

Just-in-time manufacturing and predictive maintenance for industries using IIoT have opened up new opportunities for the market, and various industries and new entrants are adopting IoT due to its growing benefits. Because of the increased focus on the industrial wireless automation market, vendors will have numerous growth opportunities. High-speed communication network solutions for fast data transfer are being adopted faster in the industrial sector, creating new growth opportunities. Technological advancement is occurring everywhere, including the industrial sector, which is implementing Industry 4.0, and the arrival of 5G wireless technology is expected to drive demand for global industrial wireless automation.

Scope of the Global Industrial Wireless Automation Market

The study categorizes the industrial wireless automation market based on product and application at the regional and global levels.

By Product Outlook (Sales, USD Million, 2017-2030)

• Process Industry
• Discrete Industry

By Application Outlook (Sales, USD Million, 2017-2030)

• Oil & Gas
• Petrochemical
• Water and Wastewater
• Energy
• Others

By Region Outlook (Sales, USD Million, 2017-2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • The Netherlands
  • Norway
  • Czech Republic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

Process industry segment is projected to account for the largest market share, by product

Based on product, the industrial wireless automation market is divided into process and discrete industries. The process industry dominates the market share of industrial wireless automation because of the increased use of wireless sensors and various wireless communication protocols in industries.

Asia-Pacific accounts for the highest CAGR during the forecast period

Based on the regions, the global Industrial Wireless Automation Market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Asia-Pacific is estimated to hold the highest CAGR in the global industrial wireless automation market during the forecast period. The region includes the countries such as China, India, Japan, South Korea, Australia, Southeast Asia, and Rest of Asia-Pacific. The region's growth is primarily due to strong economic growth in emerging domestic countries such as China, Malaysia, Indonesia, and India. An increase in infrastructure, surge in urban population, and increase in high-speed communication networks in emerging markets (such as India and China) are projected to boost demand for the industrial wireless automation market

Competitive Landscape - Global Industrial Wireless Automation Market

The global industrial wireless automation market is highly competitive, with key industry players adopting strategies such as partnerships, product development, acquisitions, agreements, and expansion to strengthen their market positions. Most companies in the market are indulged in enhancing businesses across regions, thereby expanding their capabilities and building strong partner relations.

Major players in the global industrial wireless automation market are:

• Siemens
• Honeywell International
• Rockwell Automation
• ABB
• Cisco Systems
• Emerson Electric
• MOXA
• Yokogawa America
• OleumTech
• General Electric Company

Key Issues Addressed

• What is the market size by various segmentation of the industrial wireless automation by region and its respective countries?
• What are the customer buying behavior, key takeaways, and Porter's 5 forces of the industrial wireless automation market ?
• What are the key opportunities and trends for manufacturers involved in the industrial wireless automation supply chain?
• What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
• What and how regulations, schemes, patents, and policies are impacting the growth of the market?
• What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
• The market player positioning, top winning strategies by years, company product developments, and launches will be?
• How has COVID-19 impacted the demand and sales of industrial wireless automation in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
• Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.