Industrial Wireless Automation Market: What to Expect

CoreTigo

| 15 April, 2024
Industrial Wireless Automation Market: What to Expect
This confluence of factors promises a bright future for wireless automation in the industry. Over the next few years, we can expect to see even more sophisticated wireless systems integrating with AI, IoT, and data analytics to greatly improve manufacturing processes

Today’s industrial landscape is on the brink of a technological revolution, where wires are giving way to waves, and data is traveling faster than the speed of thought. 

The industrial wireless automation market offers unprecedented opportunities and challenges for manufacturers and factory owners. The latest reports predict substantial market growth from 2024 to 2032. The emerging technologies coupled with exponentially rising demand for innovation define the market’s trends. 

The Current State of the Industrial Wireless Automation Market

The industrial wireless automation market is currently experiencing a surge in growth, thanks to its ability to synchronize processes, reduce human errors, and adapt to complex manufacturing environments. 

However, this growth is met with the stability of established systems that rely on wired connections, presenting a challenge for the industry to innovate without disrupting the status quo entirely. The emerging industrial wireless solutions are taking a significant stand and driving the market forward.  

Driving Factors of the Market

Understanding what drives the market allows you to make data-driven decisions about the company’s future. Here are several factors to review:

Technological Innovations

One of the primary drivers of the industrial wireless automation market is the continuous stream of technological innovations. Emerging standards like IO-Link Wireless are pushing the boundaries of what’s possible in wireless factory automation. They enable reliable communication between industrial wireless sensors, actuators, and controllers. 

Increasing Demand

The world’s population is growing and urbanizing. Meanwhile, consumer preferences are evolving rapidly. These trends translate directly into an increasing demand for consumer goods, which, in turn, fuels the need for more efficient manufacturing processes.

Regulatory Support

Favorable government policies, regulations, and incentives that promote the use of industrial wireless automation encourage market growth. Governments worldwide are waking up to the potential of wireless systems to improve industrial efficiency and reduce environmental impact. Examples of such support are subsidies for renewable energy projects and carbon pricing mechanisms. 

Environmental Awareness

Beyond regulatory nudges, there’s a rising awareness about environmental sustainability and the need to reduce carbon emissions. This ethical imperative is driving the adoption of industrial wireless automation solutions, particularly those that improve sustainability and harness renewable energy sources.

Cost-Efficiency

The continuous cost reductions in the production and installation of industrial wireless automation solutions are making them more accessible than before. Economies of scale and technological advancements are significantly lowering entry barriers. They are opening doors for smaller players to join the wireless revolution.

Industrial Wireless Automation Trends

The industrial wireless automation market is dynamic. Each year, new trends emerge, reshaping the industry. Here are some of the current and upcoming trends to watch out for.

New Industrial Wireless Applications

From asset tracking to predictive maintenance, the range of applications for industrial wireless automation is expanding rapidly. Real-time location systems (RTLS) are gaining traction in factories, enabling precise location tracking of personnel and equipment, improving safety, and optimizing workflows.

Increase in Industrial Wireless Communication Throughput

To keep up with the demands of modern factories, industrial wireless communication throughput is increasing. High-speed wireless networks are becoming the norm. They support the exchange of data between various points across the manufacturing floor.

Constantly Evolving Technologies

The pace of technological change in the wireless automation space is relentless. New protocols, devices, and systems are constantly being developed. They offer more features and better performance than all of their predecessors. This rapid evolution requires industry players to stay updated and ready to implement changes..

New Opportunities from Industry IoT

The convergence of wireless automation with the Internet of Things (IoT) is creating new possibilities for data analytics, machine learning, and artificial intelligence in industrial environments. IoT-connected devices have the potential to transform how factories are managed, monitored, and optimized.

Reliable Wireless Connectivity

The primary concern of wireless automation has always been reliability. Machines must communicate without fail for a smooth operation. Advances in complete wireless technology, including redundancy and adaptive frequency hopping, are significantly improving reliability. This is making wireless automation more dependable than ever.

High Demand for Speed

The demand for speed in manufacturing is at an all-time high. Consumers expect products to reach the shelves at breakneck speed, necessitating manufacturing processes that are equally swift. Industrial wireless automation plays a critical role in meeting these speed benchmarks.

Increasing Applications of Industrial Wireless Sensor Networks in Robotics

Robotics in industry have always been advanced, but when coupled with wireless sensor networks, they become truly flexible and responsive. Sensors in the vicinity can communicate wirelessly with robots, enabling them to adapt and collaborate in real-time.

Staying Up to Date with Market Trends

The industrial wireless automation market is on an upward trajectory. It’s fueled by technological advances, market demand, environmental needs, and efficiency gains. 

This confluence of factors promises a bright future for wireless automation in the industry. Over the next few years, we can expect to see even more sophisticated wireless systems integrating with AI, IoT, and data analytics to greatly improve manufacturing processes. Staying on top of the wireless industry news can help you remain in the gain.