A recent report from Berg Insight has predicted significant growth in the use of wireless technology for industrial automation applications.
The research firm has estimated that shipments of wireless devices for industrial automation applications reached 4.8 million units worldwide in 2015. Growing at a CAGR of 25.1 per cent, this is expected to reach 18.3 million by 2021. Furthermore, the installed base of wireless devices in industrial applications is forecast to grow at a CAGR of 27.7 per cent from 14.3 million connections at the end of 2015 to 62 million by 2021.
Other growing trends include:
- Large multinational corporations beginning to develop and adopt best practices in IoT technology
- Growth of concepts IT/OT convergence, smart factories, Industry 4.0 and the Industrial Internet of Things
- Use of technology such as advanced sensors, smart devices, 3D printing, wearable technology and big data solutions to improve performance, flexibility and responsiveness