Industrial Wireless Solution Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Solution Type (Wireless Field Instruments, Mobile Computing Devices, Wireless Networks), By Enterprise Size (Small, Medium, Large), By End-User Industry (Manufacturing, Automotive, Aerospace And Defense, Oil And Gas, Mining, Others), And By Geography - Forecasts From 2021 To 2026

Published:  Aug 2021 Report Code: KSI061610357 Pages: 114

The global industrial wireless solutions market is estimated to be valued at US$14.229 billion in 2019.

The Industrial Wireless Solution market is expected to witness moderate growth over the forecast period driven by 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 wired sensor networks across different industry sectors. The emerging trend of BYOD (Bring-Your-Own-Device) policy due to the rising number of smartphone users is one of the key drivers of the global industrial wireless solution market. The 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 solutions over the forecast period. A surge in demand for robotic automation across different industry sectors such as mining and chemical to maximize productivity, reduce human errors, and provide workers’ safety will propel the industrial wireless solution market growth.  

                                            

GLOBAL INDUSTRIAL WIRELESS SOLUTIONS MARKET, US$ billion, 2019 to 2026

Source: Knowledge Sourcing Intelligence Analysis

Technological advancements to increase security and the growing need for smart factories in North America are boosting the demand for these solutions in the region. APAC region is projected to witness the fastest regional market growth due to increasing industrial activities in the region. Furthermore, high investments in smart cities in emerging economies will boost the growth of the APAC industrial wireless solution market. However, rising data and network security concerns and lack of awareness regarding the wireless solution offered by various vendors are some of the key challenges to the market growth during the forecast period.

Growing BYOD trend.

The market is expected to surge in the coming years, due to the rising Bring Your Device (BYOD) trend, worldwide. The BYOD had been increasing over the past few years, due to the changing workplace employee trends. Novel users have been entering the workforce and are becoming more comfortable with their own devices. According to Dell, one of the major tech giants in the market, 50% of 30+ and 61% of Gen Y workers believe and have stated that the tech tools they use in their daily and personal lives have been more productive and effective than those they use in their work life. Dell had also stated that 60% of the people they surveyed had been using a smartphone for their work and around 31% have been desiring one. Cisco, one of the key players in the market, had stated that firms favoring BYOD have been making a yearly saving of around US$350, per employee. Moreover, with the rise and the impact of the COVID-19 pandemic, the companies are expected to favor the growth of BYOD, in the next years.

GLOBAL INDUSTRIAL WIRELESS SOLUTIONS MArket SHARE, BY GEOGRAPHY, 2019 & 2026

(sample figure)

2019                                                                                                            2026

Competitive Analysis.

Major companies have been making significant developments in the market, in the past few years. 

  • In June 2021, Ericsson and Telstra had announced a partnership that would allow Australian enterprises with a novel industrial-grade on-premise 5G wireless platform, which would help and allow businesses to drive productivity and innovation. The novel 5G industrial wireless platform would allow Tesla to offer enterprises an easy-to-use, powerful wireless solution for 5G and 4g. Other players have also been making significant developments in the market. 
  • In July 2021, KUKA, a producer of automation systems and industrial robots, had announced that it had deployed Nokia 5G SA private wireless networking at its facility in Germany. The company had been planning to deploy 5G standalone private wireless networks and intelligent automation systems and robots in the smart development and production center in Augsburg.
  • In July 2021, Redline Communications Group Inc. announced that its Redline iLTE had been selected by Hytec for the Private Industrial LTE solution. Redline's iLTE has been a comprehensive suite of private LTE solutions and products that joins to offer a flexible, scalable, secure, and durable mobile data infrastructure, which would be deployed anywhere.

Growth of 5G.

The market is expected to surge in the coming years, due to the rise in the rollout of the 5G network, worldwide. China, one of the major economies in the world, had stated that it would be rolling around 822 million 5G base stations by the year 2025. The United States is also making significant developments in the market. Major US companies, such as AT&T, Verizon, and T-Mobile had been amid a major rollout of 5G in mid-band spectrum to millions of POPs. Qualcomm, one of the key players in the market, had been inventing novel 5G technologies that would bring novel and advanced opportunities and capabilities for private industrial networks. Siemens provides an Industrial 5G router SCALANCE MUM8561 for wireless connectivity. These developments are expected to surge the market growth. 

Industrial Wireless Solution Market Scope:

Report Metric Details
 Market size value in 2019  US$14.229 billion
 Growth Rate  CAGR of during the forecast period
 Base year  2019
 Forecast period  2021–2026
 Forecast Unit (Value)  USD Billion
 Segments covered  Solution Type, Enterprise Size, End-User Industry, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Emerson Electric Company, Honeywell International Inc., Siemens AG, Yokogawa   Electric, Belden Inc., ABB Ltd., AT&T, Cisco Systems Inc., Phoenix Contact GmbH   &   Co. KG, Eaton
 Customization scope  Free report customization with purchase

 

Segmentation:

  • By Solution Type
    • Wireless Field Instruments
    • Mobile Computing Devices
    • Wireless Networks
  • By Enterprise Size
    • Small
    • Medium
    • Large
  • By End-User Industry
    • Manufacturing
    • Automotive
    • Aerospace & Defense
    • Oil & Gas
    • Mining
    • Others
  • By Geography
    • North America
      • USA
      • Canadá
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Thailand
      • Taiwan
      • Indonesia
      • Australia
      • Others

Frequently Asked Questions (FAQs)

Q1. What is the size of global industrial wireless solutions market?
A1. Industrial Wireless Solution Market is estimated to be valued at US$14.229 billion in 2019.


Q2. Who are the major players in the industrial wireless solutions market?
A2. Prominent key market players in the industrial wireless solutions market include Emerson Electric Company, Honeywell International Inc., Siemens AG, Yokogawa   Electric, Belden Inc., ABB Ltd., AT&T, Cisco Systems Inc., among others.


Q3. How is the global industrial wireless solutions market segmented?
A3. The industrial wireless solutions market has been segmented by solution type, enterprise size, end-user industry, and geography.


Q4. What factors are anticipated to drive the industrial wireless solutions market growth?
A4. The emerging trend of BYOD (Bring-Your-Own-Device) policy due to the rising number of smartphone users is one of the key drivers of the global industrial wireless solution market.


Q5. Which region holds the largest market share in the industrial wireless solutions market?
A5. Asia Pacific region is projected to witness the fastest regional growth in the industrial wireless solutions market due to increasing industrial activities in the region.

1. Introduction
1.1. Market Definition
1.2. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. Global Industrial Wireless Solutions Market Analysis, By Solution Type 
5.1. Introduction
5.2. Wireless Field Instruments
5.3. Mobile Computing Devices
5.4. Wireless Networks

6. Global Industrial Wireless Solutions Market Analysis, By Enterprise Size
6.1. Introduction
6.2. Small
6.3. Medium
6.4. Large

7. Global Industrial Wireless Solutions Market Analysis, By End-User Industry 
7.1. Introduction
7.2. Manufacturing
7.3. Automotive
7.4. Aerospace & Defense
7.5. Oil & Gas
7.6. Mining
7.7. Others

8. Global Industrial Wireless Solutions Market Analysis, By Geography 
8.1.  Introduction
8.2.  North America
8.2.1. United States
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. UK
8.4.2. France
8.4.3. Germany
8.4.4. Italy
8.4.5. Others
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.5.2. UAE
8.5.3. Israel
8.5.4. Others
8.6. Asia Pacific
8.6.1. Japan
8.6.2. China
8.6.3. India
8.6.4. Thailand
8.6.5. Taiwan
8.6.6. Indonesia
8.6.7. Australia
8.6.8. Others

9.  Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2.  Emerging Players and Market Lucrativeness
9.3.  Mergers, Acquisitions, Agreements, and Collaborations
9.4.  Vendor Competitiveness Matrix

10. Company Profiles
10.1. Emerson Electric Company
10.2. Honeywell International Inc.
10.3. Siemens AG
10.4. Yokogawa Electric
10.5. Belden Inc.
10.6. ABB Ltd.
10.7. AT&T
10.8. Cisco Systems Inc.
10.9. Phoenix Contact GmbH & Co. KG
10.10. Eaton

Emerson Electric Company

Honeywell International Inc.

Siemens AG

Yokogawa Electric

Belden Inc.

ABB Ltd.

AT&T

Cisco Systems Inc.

Phoenix Contact GmbH & Co. KG

Eaton

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