Market Size –
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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Scope Of Industrial Wireless Local Area Network (WLAN) Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Industrial Wireless Local Area Network (WLAN) Market Overview
Market Drivers –
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.
Market Trends –
Major companies operating in the industrial wireless local area network (WLAN) market are developing advanced solutions, such as next-generation industrial wireless networking solutions, to play a significant role in improving productivity and operational safety. A next-generation industrial wireless networking solution refers to an advanced wireless communication infrastructure designed to meet the evolving needs and challenges of industrial environments. For instance, in February 2023, Moxa Inc., a China-based technology company that provides industrial networking, computing, and automation solutions, launched next-generation industrial wireless networking solutions for mobile automation with the AWK-3252A, AWK-4252A, and AWK-1151C Series AP/bridge/client devices. These solutions aim to simplify wireless operations and cater to the increasing demands of industrial mobile applications. The AWK-3252A, AWK-4252A, and AWK-1151C Series AP/bridge/client devices are part of this innovative range designed to enhance industrial wireless connectivity. These devices are designed to meet the growing need for faster data transmission speeds using IEEE 802.11ac technology. Moxa’â„¢s next-generation AWK Series is designed to simplify wireless operations and integrate mobile systems outfitted with complex sensors and cameras, while ensuring high performance to address the requirements for reliable and futureproof systems.
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
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Regional Insights –
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.
Key Companies –
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)
Table of Contents
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
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31. Industrial Wireless Local Area Network (WLAN) Market Other Major And Innovative Companies
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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