Overview and Scope
An industrial wireless local area network (WLAN) refers to a wireless network that has been developed for usage in industrial settings such as factories, warehouses, and manufacturing facilities. It enables wireless communication between industrial equipment, machines, sensors, and control systems, as well as with centralized management systems.
Sizing and Forecast
The industrial wireless local area network (WLAN) market size has grown strongly in recent years. It will grow from $1.63 billion in 2023 to $1.74 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to increasing industrial shift towards wireless communication, increase in the lifecycle of machines, rising investments towards emerging technologies, increasing penetration of industry 4.0, rising adoption of wireless location appliances for critical applications.
The industrial wireless local area network (WLAN) market size is expected to see strong growth in the next few years. It will grow to $2.23 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to rise in industry digitalization, rising adoption of wireless location appliances, increasing demand for products that are environmentally sustainable and eco-friendly, increasing demand for sustainable and innovative products, increasing need for faster, reliable, and secure communication in industrial settings. Major trends in the forecast period include technological advancements, adoption of advanced Wi-Fi standards, advancements in IoT technology, adoption of cloud-based WLAN solutions, adoption of high-speed machine-to-machine (M2M) communication.
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Segmentation & Regional Insights
The industrial wireless local area network (WLAN) market covered in this report is segmented –
1) By Offering: Hardware, Software, Services
2) By Technology: 802.11 a/b/g, 802.11 n(WIFI 4), 802.11 ac(WIFI 5), 802.11 ax(WIFI 6)
3) By Deployment: On-Premise, Cloud
4) By End-User: Water And Wastewater, Power, Oil And Gas, Automotive, Other End-Users
North America was the largest region in the industrial wireless local area network market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial wireless local area network (WLAN) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Increasing adoption of the Internet of Things (IoT) is expected to propel the growth of the industrial wireless local area network (WLAN) market going forward. The Internet of Things (IoT) refers to a network of interconnected physical devices embedded with sensors, actuators, and software that enable them to collect and exchange data over the Internet. The adoption of IoT is on the rise due to several factors, including the accelerated adoption of remote monitoring and control solutions, the increased development of low-cost sensors, and improved connectivity solutions. Industrial WLAN provides reliable wireless connectivity for IoT devices deployed across industrial environments. It enables seamless communication between IoT sensors, actuators, controllers, and other devices, allowing them to exchange data and interact with each other in real-time. For instance, in January 2022, according to the GSM Association, a UK-based non-profit industry organization, the number of IoT connections overall is expected to exceed 23.3 billion by 2025, a significant rise from the 15.1 billion connections that were registered in 2021. Therefore, increasing adoption of the Internet of Things (IoT) drives the industrial wireless local area network (WLAN) market.
Key Industry Players
Major companies operating in the industrial wireless local area network (WLAN) market are Dell Technologies Inc., Huawei Technologies Co. Ltd. , Siemens AG, Cisco Systems Inc., Schneider Electric SE, Honeywell International Inc., Hewlett Packard Enterprise Co., Nokia Corp., Eaton Corp. PLC, Western Digital Technologies Inc., ZTE Corporation, Commscope Inc., Juniper Networks Inc., Fortinet Inc., Avaya LLC, Belden Inc., Extreme Networks Inc., D-Link Corporation, ALE International SAS, Allied Telesis, Boingo Wireless, Aerohive Networks, WiFi SPARK Limited, Moxa Technologies, Ruckus Wireless, Hirschamnn, Aruba Networks (HP)
The industrial wireless local area network (wlan) market report table of contents includes:
1. Executive Summary
2. Industrial Wireless Local Area Network (WLAN) Market Characteristics
3. Industrial Wireless Local Area Network (WLAN) Market Trends And Strategies
4. Industrial Wireless Local Area Network (WLAN) Market – Macro Economic Scenario
5. Global Industrial Wireless Local Area Network (WLAN) Market Size and Growth
…
32. Global Industrial Wireless Local Area Network (WLAN) Market Competitive Benchmarking
33. Global Industrial Wireless Local Area Network (WLAN) Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Industrial Wireless Local Area Network (WLAN) Market
35.Industrial Wireless Local Area Network (WLAN) Market Future Outlook and Potential Analysis
36. Appendix
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