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Wireless Devices Market in Factory Automation
Frost & Sullivan, Dec 2008, Pages: 241
This Frost & Sullivan research service titled Wireless Devices Market in Factory Automation provides the market overview, revenue forecast and a complete end-user perspective on the adoption trends of wireless devices. In this research, Frost & Sullivan's expert analysts thoroughly examine the wireless devices market including short-range, medium-range, and long-range wireless devices, across discrete industries such as automobile, food and beverages, plastic, semiconductor, and fabricated metal industries. The application areas are material handling, robotics and packaging. The analysis covers Germany, France, Italy, Spain and United Kingdom. The highlight of this research service is the level of detailed analysis given for wireless adoption across the aforementioned discrete industries.
Market Overview
Need for Real-time Data and Workforce Mobility to Boost Penetration of Wireless Devices in Factory Automation
The wireless devices market across discrete industries is in its early stages of growth. The key drivers for wireless adoption are the need for real-time data, work force mobility, and ease of installation and commissioning. However, concerns such as reliability, security, and interoperability are hindering wireless adoption by end-users. Monitoring and alerting are the key application areas of wireless devices across a range of industries. Most end-users are reluctant to employ wireless devices for critical applications due to prevailing technical issues. To realise the available potential for wireless deployment across discrete industries, wireless vendors should attempt to completely understand the end-users’ perspective on wireless technology.
A range of industries such as automobile, food & beverages, and plastics offer immense potential for wireless deployment in Europe. Growth is moderate at present but will increase provided existing technical concerns are satisfactorily addressed. Market growth during 2008-2012 will be facilitated by trends such as the need for real-time data, work force mobility and flexibility, ease of installation and maintenance, reduction in cabling costs, and measurements in inaccessible or moving parts.
The wireless devices market generated revenues of $75.2million in 2008 growing at 13.5 per cent over 2007.
Factors likely to restrain market growth to a certain extent include concerns over reliability and security, end-user conservatism, lack of awareness, high capital expenditure, and restricted bandwidth. To overcome these prevailing challenges, wireless vendors should create awareness about wireless technology and educate end-users on different wireless applications. Efforts are being taken by wireless vendors to arrive at/settle on a uniform standard which will increase the penetration rate of wireless devices across end user industries. The market is estimated to reach $132.8 million in 2012 growing at a compound annual growth rate of 15.3 per cent between 2008 and 2012.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Automobile
- Food and beverages
- Plastic
- Semiconductor
- Fabricated metal
- Material handling
- Robotics
- Packaging
Technologies
The following technologies are covered in this research:
- Short-range wireless devices
- Medium-range wireless devices
- Long-range wireless devices
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