The global industrial wireless automation market is expected to see strong growth in the next few years, reaching $7.08 billion in 2028 at a CAGR of 8.1%. This growth can be attributed to the expansion of IoT and edge computing, demand for remote monitoring and predictive maintenance, and the growth of smart manufacturing and industrial IoT. Major trends in the market include integration with industry 4.0 initiatives, rapid adoption of 5G technology, and the integration of AI and machine learning. The top companies in the market include Siemens AG, Cisco Systems Inc., Mitsubishi Electric Corporation, and Schneider Electric SE. Other key players include Honeywell International Inc., ABB Ltd., and Emerson Electric Co. The automotive industry is a major driver of growth in the market, with the increasing use of wireless automation in manufacturing processes. Other drivers include the growth of smart cities and the focus on cybersecurity. The report also highlights the potential impact of 5G technology and AI on the market.
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