Industrial Wireless Solution Market - Industry Trends, Opportunities and Forecasts to 2023
Industrial Wireless Solution market growth of is attributed to the various advantages it offers such as easy maintenance, control, and monitoring. Owing to a significant return on investment and other several benefits, wireless sensor networks are rapidly replacing the wired sensor networks in various industrial applications. The emerging trend of BYOD (Bring-Your-Own-Device) policy due to rising number of smartphone users is one of the key drivers of global industrial wireless solution market. Growing need for automation in both process and discrete industries along with the falling prices of wireless sensors is further augmenting the demand for industrial wireless solution market. Rising demand for robotic automation in various industries such as mining and chemical to maximize productivity, to reduce human errors, and provide workers’ safety will propel the growth of industrial wireless solution market.
Technological advancements to increase the security and growing need of smart factories in North America are providing opportunities for the Industrial Wireless Solution market in the region. APAC region is projected to witness the fastest market growth due to increasing industrial activities in the region. Furthermore, high investments in smart cities in emerging economies will boost the growth of APAC industrial wireless solution market. However, rising data and network security concerns and lack of awareness regarding the wireless solution offered by various vendors will pose a challenge to the market growth during the forecast period.
Firstly, the report provides a brief introduction of the market and deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentation which has been covered as part of the report.
Next, the section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of Industrial Wireless Solutions. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.
Thirdly, Industrial Wireless Solution market has been segmented on the basis of the type of radiation and Geography. Important regions for vendors in terms of market size is covered through detailed geographical segmentation of Americas, Europe Middle East and Africa and Asia Pacific.
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are Emerson Electric Company, Honeywell International, Inc., Siemens AG, Yokogawa Electric, ProSoft Technology, ABB, Belden Incorporated and Cisco Systems among others.
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.5. Supplier Outlook
4.6. Industry Outlook
4.7. Porter’s 5 Forces Analysis
4.8. Industry Value Chain Analysis
5. Industrial Wireless Solution Market Forecast by Solution Type (US$ billion)
5.1. Distributed Control System
5.2. Wireless Field Instruments
5.3. Mobile Computing devices
5.4. Wireless Networks
6. Industrial Wireless Solution Market Forecast by Geography (US$ billion)
6.1.1. North America
6.1.2. South America
6.2. Europe Middle East and Africa
18.104.22.168. United Kingdom
6.2.2. Middle East and Africa
22.214.171.124. Saudi Arabia
6.3. Asia Pacific
7. Competitive Intelligence
7.1. Investment Analysis
7.2. Recent Deals
7.3. Strategies of Key Players
8. Company Profiles
8.1. Emerson Electric Company
8.2. Honeywell International, Inc.
8.3. Siemens AG
8.4. Yokogawa Electric
8.5. ProSoft Technology, Inc.
8.6. ABB Ltd.
8.7. Belden Incorporated
8.8. Cisco Systems, Inc.