Our reports and in-depth insights will provide you with all the data, strategic inputs and competitive intelligence to move ahead in the market.
Industrial WLAN Market - Forecast (2022 - 2027)
Get link
Facebook
X
Pinterest
Email
Other Apps
Industrial WLAN market size was valuedat $2.2 billion in 2020, and it is estimated to growat a CAGR 3.6%during 2021-2026. Increasing penetration of connected factories, smart cities, smart utility to provide unison through strategic networking among associated machines and systems is set to drive the market. Increasing adoption of high speed Machine-to-Machine (M2M) communication to transmit data between connected devices for real-time monitoring and controlling has stimulated the market growth.
Rising Adoption of wireless location appliances to track devices within WLAN infrastructure for critical applications such as high value asset tracking are offering a cost effective, high resolution location solution that has contributed to the growth of Industrial WLAN Market. With the increasing industrial shift towards wireless communication over conventional wired connection to increase the lifecycle of machines through effective predictive maintenance the demand for Wireless local area network has gained a huge traction.
The rising investments towards emerging technologies such as wireless HART, MIMO antenna technology enabling wireless communication to optimize process automation is also analyzed to fuel the Industrial WLAN Market growth during the forecast period 2021-2026.
The report: “Industrial WLAN market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Industrial WLAN Market.
By Industry Vertical: Automotive, general manufacturing, aerospace & defense, chemical, oil & gas, agriculture, education, food & beverage, pharmaceuticals, logistics & transportation, retail & e-commerce, power, utilities, government & public sector, others.
By Geography: North America (U.S., Canada and Mexico); Europe (U.K., Germany, France, Italy, Spain, Russia, Rest of Europe); APAC (China, Japan, South Korea, India, Australia, Rest of APAC); South America (Brazil, Argentina, Rest of South America); RoW (Middle East & Africa)
Key Takeaways
Wireless access points are estimated to dominate the market during 2021-2026 with a CAGR 4.0% owing to its wide range of industrial applications for process automation and real time quality control.
Utility sector is analyzed to hold the major market share with a share of 14.9%owing to increasing adoption of digitalization in this sector from 2021 to 2026.
North America dominated the Industrial WLAN market in 2020 and is estimated to account for the largest market share of 36.1% owing to the well-established industrial infrastructure and increased investments towards latest technological up-gradation.
Accelerated IT/OT convergence, growing demand for smart factories are anticipated to boost the market during the forecast period 2021-2026.
Data security issues is one of the major challenges impeding growth of the market.
Global Industrial WLAN Market Revenue (US$) By year, 2020-2026
Industrial WLAN Market Segment Analysis – By Offering
By offering, industrial WLAN Market has been segmented under hardware, software and services. WLAN hardware dominated Industrial WLAN market in 2020 acquiring a share of 65.1% in 2020 and is also estimated to hold the major market share during 2021-2026 with a CAGR of 3.1% owing to increasing demand for wireless infrastructure in various industry verticals to enable high speed M2M communication with optimized computational power. Wireless access point is estimated to witness the highest growth with a CAGR 4.0% during 2021-2026. Wireless APs are analyzed to be the ideal solutions for bandwidth consuming real-time data transmission applications in manufacturing industries, utility facilities, transportation and logistics sectors owing to its low latency, reliability, scalability and such advanced capabilities are anticipated to drive the market. In August 2020, NETGEAR Inc. announced the launch of WiFI6 access points featuring higher speed, increased bandwidth and improved computation efficiency. Such technological advancements are analyzed to boost the market during 2021-2026.
Industrial WLAN Market Segment Analysis – By Industry Vertical
By industry vertical, industrial WLAN Market has been segmented under Automotive, general manufacturing, aerospace & defense, chemical, oil & gas, agriculture, education, food & beverage, pharmaceuticals, logistics & transportation, retail & e-commerce, power, utilities, government & public sector and others. Utility sector dominated the market in 2020 acquiring a share of 14.9% and is estimated to hold the major market share with a CAGR 4.3% during the forecast period 2021-2026 owing to massive penetration of digitalization in utility sector. Increasing adoption of smart grids using a modernized infrastructure integrating renewable and alternative energy sources to optimize efficiency, energy, quality and safety is analyzed to accelerate the market growth. Quick adoption of advanced metering infrastructure (AMI) and distribution automation (DA) leveraging wireless communication is anticipated to boost the market. Growing demand for digital twins in renewable energy sector to optimize output has contributed to the growth of the market. Logistics and transportation is estimated to be the fastest growing market with a CAGR 5.2% during 2021-2026 owing to increasing convergence of digitalization with warehouse management. Increasing adoption of block chain technology in supply chain management to increase the transparency and efficiency of the system is stimulating the market. For instance, in June 2020, Fibocom launched Wi-Fi 6 module to enhance optimization of IoT wireless solutions with 5G. Such technological advancements are anticipated to stimulate the market during 2021-2026.
Industrial WLAN Market Segment Analysis – By Geography
North America dominated the market in 2020 and is expected to hold the major market share during 2021-2026 owing to well-established industrial infrastructure and increased investments towards technological advancements. Many key players are investing heavily towards the up-gradation to latest technology in this region. APAC is estimated to be the fastest growing market during the forecast period owing to heavy industrialization and massive adoption of cloud-based applications. For instance, in January 2021, Techkon USA announced the partnership with Konica Minolta to launch MYIRO-1 in North America which is a WLAN spectrophotometer allowing spectral photometers to be transferred wirelessly to computer. Such developments are stimulating the market in this region. South-East Asia is analyzed to be the hot-zone for establishing manufacturing hubs during 2020-2025. Smart Advanced Manufacturing and Rapid Transportation Hub (SAMRATH)- Udyog Bharat 4.0 is an Indian Government initiative to transform Indian manufacturing sector to an Intelligent manufacturing hub. Such Government initiatives are analyzed to drive the market in this region during the forecast period 2021-2026.
Industrial WLAN Market Drivers
Increasing penetration of Industry 4.0
Increasing adoption of industrial IoTs for bridging IT and OT to optimize real time applications across various industry verticals is driving the market. Massive and quick adoption of connected factories in multiple industrial sectors such as manufacturing, automotive, chemical, oil & gas, transportation and logistics, power, utilities enabling the wireless communication among smart connected devices to streamline process flows is boosting the market. Increasing investments towards digitalization in business organizations to monitor and control real-time data for M2M communications to optimize production yield, efficiency and quality have resulted into the growth of the market.
Moreover, increasing adoption of switches with Multigigabit Ethernet technology to fulfill high bandwidth requirement for industrial purposes is propelling the growth of Industrial WLAN Market. Increasing investments towards smart cities harnessing the latest technology to improve infrastructure and services establishing a connected system across the city has contributed to the growth of the market. For instance, in September 2020, Zyxel Networks introduced dual-band access points to upgrade existing network infrastructure to high performance wifi6 technology for small and medium business enterprises. Such developments are anticipated to drive the market during 2021-2026.
Increasing adoption of wireless technology
Traditional wired systems in industries require physical cabling between machines, which need to go through hazardous areas and may connect to moving parts, increasing the need for maintenance and risk of failure. On the other hand, the fixed infrastructure of wired system cannot be configured easily to make more efficient use of machinery or to adapt to changing demand. Moreover, wired technologies require more administrative costs to install wiring system throughout the factory. These drawbacks of wired system are accelerating the adoption of wireless technologies.
The growth of Industrial WLAN Market is majorly attributed to increasing investments towards wireless HART or MIMO antenna technology to upscale the wireless communication enabling optimized process automation. The wireless technology of ultra-reliable low latency communication reduces un-planned downtime and increases lifecycle of machines through efficient predictive maintenance. Such benefits are anticipated to boost the market growth during forecast period 2021-2026. For instance, In May 2019, Cisco partnered with Linus Tech Tips and developed some new Meraki WiFi6 compatible access points and such new developments are augmenting the Industrial WLAN Market.
Industrial WLAN Market Challenges
Data security issues
Industries that adopt wireless LAN face security and privacy issues. Enterprises hold sensitive and confidential data, which needs to be protected to avoid data breaches and cyber-attacks. Alarming growth in number of cyber-attacks, data leakage, false data injection in various industry verticals is hampering the adoption. However, with significant investments on cyber security is set to offset this challenge and promote healthy growth during the later stages of the forecast period 2021-2026.
Industrial WLAN Market Landscape
Technology launches, Acquisitions, Collaboration, and R&D activities are key strategies adopted by players in Industrial WLAN market. In 2020, the market of Industrial WLAN Market industry outlook has been fragmented by several companies Siemens AG, Hewlett Packard Company, Huawei technologies, D-Link Corporation, TP Link Technologies Co. Ltd., Dell inc, Aruba networks, Aerohive networks, Zebra Technologies, Ruckus Networks and others.
Acquisitions/Technology Launches
In November 2020, D-Link developed Wi-Fi6 access points to deliver optimized efficiency.
In February 2020, Huawei unveiled the AirEngine Wi-Fi 6 series product which delivers an air-interface data rate of over 10 Gbps, setting new benchmark for Wi-Fi 6 products.
"We also publish more than 100 reports every month in “Automation and Instrumentation”, Go through the Domain if there are any other areas for which you would like to get a market research study."
Field Programmable Gate Array Market - Forecast (2021 - 2026) Field Programmable Gate Array Market Overview Field Programmable Gate Array Market size is anticipated to reach $8.5 billion by 2026 at a CAGR of 6.92% during the forecast period 2021-2026. Field Programmable Gate Array is an array of programmable logic blocks which include general logic, memory and multiplier blocks, that are surrounded by a programmable routing fabric. The market growth is mainly driven by the factors including technological development, increasing investments on artificial intelligence (AI) & machine learning (ML) as well as the wide adoption of IoT across industries, increasing demand for ADAS technology and various consumer electronics. In addition, the growing investments on data-centers also play a major role in the growth of Field Programmable Gate array industry. Furthermore, FPGA is a reconfigurable computing circuit, which is more suitable for vario...
Non-Honeycomb Sandwich Panel Core Materials Market size is forecast to reach $1.04 billion by 2025 after growing at a CAGR of 6% during 2020-2025. Non-Honeycomb sandwich panel core materials which is composite configuration that consists of high strength composite facing sheets bonded to lightweight foam, balsa, or honeycomb core. The growth of the market of non-honeycomb sandwich panel core materials is expected to be driven by the high demand from the aerospace industry. The other growth factor is construction industry which is using non-honeycomb sandwich panel core materials for manufacturing of light weight parts. Report Coverage The Report : “Non-Honeycomb Sandwich Panel Core Materials Market -Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of non-honeycomb sandwich panel core materials Industry. By Material Type : Foam (Low-Density Foam, High-Density Foam), Balsa. By Application : Ship Decoration and Interiors, Furn...
Soy Protein Isolate Market size is forecast to reach $3.45 billion by 2025, growing at a CAGR of 4.86% during 2020-2025. Increasing demand of fortified foods and increasing consciousness about health and nutrition among consumers are the major factors driving the growth of the market. High functional property of soy protein isolates and growing inclination towards vegan diets coupled with the consumers demand for product transparency will further enhance the overall market demand of soy protein isolate during the forecast period. Key Takeaways North America dominates the soy protein isolate market owing to health consciousness people and the rise in the adoption of plant based meat. The soy protein isolate market scope for different regions will be provided in the final report. The increasing prevalence of cardiovascular diseases and fatty liver diseases has led to the adoption of soy protein isolates products among the consumers and the increasing shift to vegetarianism is likely to ...
Comments
Post a Comment