Monday 4 May 2015, Amsterdam
The report recognizes the following companies as the key players in Global Industrial Wireless Market in Factory Automation 2015-2019: Emerson Electric, Honeywell International, Siemens and Yokogawa Electric
Other Prominent Vendors in the market are: ABB, Belden, Cisco, Exloc Instruments, Motorola, Moxa, Ruckus Wireless and Westermo
The report said: “The need for smart factories, i.e., automated factories, has increased globally, and this trend will gain considerable traction during the forecast period. Manufacturing-based countries such as China and Germany have started to automate their existing factories to stay ahead of the competition. Automation enables better communication and precise coordination within factories, and ensures flexibility in their underlying processes. Several wireless vendors are foraying into the market through innovative wireless offerings to tap the high growth potential of the industrial wireless automation space. The process and discrete manufacturing industries use the best industry practices for information sharing, data retrieval, and documentation.”
According to the report, the emergence of low-cost manufacturing hubs such as China and India, as well as increased outsourcing of manufacturing activity to the region, have made APAC a global manufacturing hub. Major manufacturers from the Americas and EMEA are setting up manufacturing facilities in the region to leverage its cost advantage. They are equipping these facilities with state-of-the-art technologies and machinery, including wireless technologies. The industrial wireless systems enhance communication and enable global access to all applications, which is encouraging their use among industries. They are easy to install and maintain. The increased number of greenfield projects in APAC bodes well for overall market growth.
Further, the report states that the lack of awareness among some end-users about the advantages of wireless technologies has led to only moderate adoption of them.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.