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Industrial Radio Market: By Type, Technology, Standard, End User & Region - Forecast (2016-2022) - Research and Markets

[August 09, 2017]

Industrial Radio Market: By Type, Technology, Standard, End User & Region - Forecast (2016-2022) - Research and Markets

The "Industrial Radio Market-Forecast (2016-2022)" report has been added to Research and Markets' offering.

Globally, development of efficient and advanced technology, rising demand inexpensive and reliable communication systems, flourishing industrial sector, and transition from analog to digital industrial radio are the prime growth drivers of the industrial radio market. In addition, an increase in adoption of industrial radio for application in new industrial verticals, and emerging economies such as China, India and others, will create new opportunities for the industrial radio market. However, higher cost of setting up of towers, and growth of IoT (Internet of Things) devices are the key restraints for the industrial radio market.

Geographically, Asia Pacific dominated the industrial radio market, followed by North America. Asia Pacific is projected to have the fastest growth, owing to a rapidly increasing demand for industril radios, rise in industrial sector, and growing pharmaceutical, and personal care applications in developing nations such as China, and India in this region.

Among all the applications, the mining segment has the highest market share in the industrial radio market due to a spur in aviation industry, rising preference for processed food, and improved standard of living. Digital industrial radio is the market leader among all technologies of industrial radio, owing to its better performance and durable properties.

Companies Mentioned