Global Industrial Wireless Transmitter Market Size By Application, By Range, By Component, By Geographic Scope And Forecast
Report ID: 386570|No. of Pages: 202
Global Industrial Wireless Transmitter Market Size By Application, By Range, By Component, By Geographic Scope And Forecast
Industrial Wireless Transmitter Market Size And Forecast
Industrial Wireless Transmitter Market size was valued at USD 3.7 Billion in 2023 and is projected to reach USD 8.5 Billion by 2030, growing at a CAGR of 16 % during the forecast period 2024-2030.
Global Industrial Wireless Transmitter Market Drivers
The market drivers for the Industrial Wireless Transmitter Market can be influenced by various factors. These may include:
- Growing Adoption of Industrial Automation: As industrial automation becomes more widely used in many industries, there is an increasing need for wireless transmitters to enable process control and monitoring from a distance.
- Growing Interest in IoT for Industrial Uses: The implementation of industrial wireless transmitters is being aided by the Internet of Things (IoT) development in industrial settings, which makes data interchange and seamless connectivity possible.
- Need for Real-time Data Monitoring: Industrial wireless transmitters provide real-time data monitoring capabilities, allowing businesses to make informed decisions quickly, and enhancing operational efficiency.
- Cost-Effectiveness: The adoption of wireless transmitters is fueled by their ability to reduce installation and maintenance costs by doing away with the requirement for a large wiring infrastructure.
- Developments in Communication Technologies: Industrial wireless transmitters are becoming more dependable and perform better because to ongoing developments in communication technologies like Bluetooth, Wi-Fi, and Zigbee.
- Emphasis on Workplace Safety: By reducing human exposure to dangerous situations, wireless transmitters improve workplace safety by enabling remote monitoring of hazardous surroundings.
- Flexibility and Scalability: Wireless transmitter systems are scalable and flexible, making it simple to integrate them with current infrastructure and meet future growth requirements.
- Governmental Initiatives for Industry 4.0: The uptake of industrial wireless transmitters is being driven by encouraging government initiatives that support Industry 4.0 and smart manufacturing concepts.
- Need for Predictive Maintenance: In order to minimize downtime and improve asset reliability, predictive maintenance techniques—which are made possible by wireless sensor networks—are being used more frequently. This is creating a need for industrial wireless transmitters.
- Expanding Industrial IoT Applications: Industrial wireless transmitters are facing major potential as a result of the growth of Industrial IoT (IIoT) applications, which include condition-based maintenance, predictive analytics, and remote asset monitoring.
Global Industrial Wireless Transmitter Market Restraints
Several factors can act as restraints or challenges for the Industrial Wireless Transmitter Market. These may include:
- Security Issues: The broad use of wireless transmitters is constrained by security flaws related to wireless communication, which provide a problem, especially in crucial industrial settings.
- dependability and Interference Issues: The use of wireless transmitters for mission-critical applications may be hampered by worries about signal dependability and possible interference in industrial wireless communication networks.
- Compatibility Problems: The integration of industrial wireless transmitters into industrial infrastructure may be slowed down by compatibility problems with legacy equipment and wired systems that currently exist.
- Data Privacy Standards: Implementing wireless transmitter systems can be challenging, especially when managing sensitive data, due to strict data privacy standards and compliance requirements across a range of businesses.
- Limited Range and Coverage: Wireless transmission technologies’ limited range and coverage may make them unsuitable for use in large-scale industrial facilities or in places where obstructions to signal propagation exist.
- Concerns about Power Consumption: Excessive power consumption from wireless transmitters can have an effect on the lifespan and maintenance needs of devices, particularly those that run on batteries.
- Initial Investment Costs: Although adopting wireless transmitter systems has long-term cost benefits, some businesses may find the initial investment—which includes setting up infrastructure and purchasing devices—to be substantial.
- Complexity in Network Management: Large-scale industrial wireless network management and upkeep can be difficult, requiring specific knowledge and resources, which may discourage some firms from adopting them.
- Lack of Standardization: Vendor lock-in problems and difficulties with interoperability may arise from the absence of global standards for industrial wireless communication protocols and technologies.
- Problems with Perceived Reliability: Some stakeholders could still believe that wired communication is more dependable than wireless options, which could make them reluctant to switch to wireless transmitter solutions.
Global Industrial Wireless Transmitter Market Segmentation Analysis
The Global Industrial Wireless Transmitter Market is Segmented on the basis of Application, Range, Component, and Geography.
Industrial Wireless Transmitter Market, By Application
- Process Monitoring and Control: Involves real-time monitoring and control of industrial processes.
- Asset Monitoring and Management: Used for tracking and managing industrial assets.
- Predictive Maintenance: Enables predictive maintenance strategies based on real-time data.
- Environmental Monitoring: Involves monitoring and controlling environmental factors.
- Safety and Security: Used for ensuring safety and security in industrial settings.
- Others: Includes applications specific to industry needs.
Industrial Wireless Transmitter Market, By Range
- Short-range (up to 100 meters): Typically used for local area applications within a short distance.
- Medium-range (100 meters to 1 kilometer): Covers applications requiring communication over longer distances.
- Long-range (more than 1 kilometer): Applied in scenarios where communication needs span extensive areas.
Industrial Wireless Transmitter Market, By Component
- Transmitter Units: The main units responsible for collecting and transmitting data.
- Receiver Units: Devices that receive and interpret transmitted data.
- Antennas: Essential components for wireless signal transmission.
- Accessories: Additional components and accessories supporting the functioning of the wireless transmitter system.
Industrial Wireless Transmitter Market, By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key players
The major players in the Industrial Wireless Transmitter Market are:
- Emerson Electric Co. (US)
- Honeywell International Inc. (US)
- Siemens AG (Germany)
- ABB Ltd. (Switzerland)
- Yokogawa Electric Corporation (Japan)
- Schneider Electric SE (France)
- GE Oil & Gas (US)
- Rockwell Automation, Inc. (US)
- Phoenix Contact GmbH & Co. KG (Germany)
- Moxa Inc. (Taiwan)
- Texas Instruments Incorporated (US)
- Analog Devices, Inc. (US)
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2020-2030 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2030 |
| HISTORICAL PERIOD | 2020-2022 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Emerson Electric Co. (US), Honeywell International Inc. (US), Siemens AG (Germany), ABB Ltd. (Switzerland), Yokogawa Electric Corporation (Japan), Schneider Electric SE (France). |
| SEGMENTS COVERED | By Application, By Range, By Component, By Geography |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
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Frequently Asked Questions
1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology
2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights
3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis
4. Industrial Wireless Transmitter Market, By Application
• Process Monitoring and Control
• Asset Monitoring and Management:
• Predictive Maintenance
• Environmental Monitoring
• Safety and Security
• Others
5. Industrial Wireless Transmitter Market, By Range
• Short-range (up to 100 meters)
• Medium-range (100 meters to 1 kilometer)
• Long-range (more than 1 kilometer)
6. Industrial Wireless Transmitter Market, By Component
• Transmitter Units
• Receiver Units
• Antennas
• Accessories
7. Regional Analysis
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE
8. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market
9. Competitive Landscape
• Key Players
• Market Share Analysis
10. Company Profiles
• Emerson Electric Co. (US)
• Honeywell International Inc. (US)
• Siemens AG (Germany)
• ABB Ltd. (Switzerland)
• Yokogawa Electric Corporation (Japan)
• Schneider Electric SE (France)
• GE Oil & Gas (US)
• Rockwell Automation, Inc. (US)
• Phoenix Contact GmbH & Co. KG (Germany)
• Moxa Inc. (Taiwan)
• Texas Instruments Incorporated (US)
11. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities
12. Appendix
• List of Abbreviations
• Sources and References
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Data Collection Matrix
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Industry Analysis Matrix
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