03 Dec Guidehouse Insights Report Shows Global Investment in Industrial Wi-Fi 6 Infrastructure Is Expected to Experience a 17% Compound Annual Growth Rate from 2021-2030
With faster speeds, improved security, and the ability to connect more end devices, Wi-Fi 6 can support the Industrial Internet of Things in a variety of environments
BOULDER, Colo.–(BUSINESS WIRE)–#IIoT–A new report from Guidehouse Insights examines the Industrial Internet of Things (IIoT) and how Wi-Fi 6 technology could be used in industrial environments.
Wi-Fi has long been pervasive in residential and enterprise settings as an affordable broadband wireless network capable of supporting a multitude of users with Internet connectivity and low-cost communications. Until now, however, Wi-Fi has not had the capacity, latency, reliability, or security necessary for many machine-to-machine applications in industrial environments. With the advent of Wi-Fi 6, that is changing. Click to tweet: According to a new report from @WeAreGHInsights, global investment in Wi-Fi 6 infrastructure in the industrial segments for factory, warehouse, transport, power plant, network operating center, mine, refinery, and oil well sites is expected to grow from $1.7 billion in 2021 to $6.9 billion in 2030 at a compound annual growth rate of 16.8%.
“The latest generation of Wi-Fi protocols, formerly known as 802.11ax but more simply called Wi-Fi 6, has a variety of technical upgrades supporting faster download and upload speeds, longer battery life, the ability to connect many more end devices, and improved security,” says Richelle Elberg, principal research analyst with Guidehouse Insights. “As such, it has the potential to support the IIoT in a variety of harsh environments where Wi-Fi has historically been considered unsuitable.”
North America and Europe, which have higher square footage and numbers of sites in many of the industrial segments as well as greater investment in IIoT technologies more broadly, are expected to lead the market, particularly in the early years of the forecast. Notably, lower labor and equipment costs in Asia Pacific are expected to depress major investments in that region relative to North America and Europe in the early years of the forecast. Asia Pacific and Latin America are expected to show the highest growth rates.
The report, Wi-Fi 6 and the IIoT, provides an overview of the IIoT and how Wi-Fi 6 technology may be used in industrial environments. It covers legacy and emerging use cases for connectivity in factories, warehouses, network operating centers (NOCs), power plants, refineries, oil & gas well pads, and mines. It describes the technical upgrades made in the latest Wi-Fi networking protocol and how it can affordably support digitalization in industrial settings. An overview of Wi-Fi 6 service and infrastructure providers is included, and market forecasts for industrial investment in Wi-Fi 6 networking infrastructure is provided by industrial segment and by global region through 2030. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges with a focus on markets and clients facing transformational change, technology-driven innovation and significant regulatory pressure. Across a range of advisory, consulting, outsourcing, and technology/analytics services, we help clients create scalable, innovative solutions that prepare them for future growth and success. Headquartered in Washington DC, the company has more than 7,000 professionals in more than 50 locations. Guidehouse is led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets and agenda-setting issues driving national and global economies. For more information, please visit: www.guidehouse.com.
* The information contained in this press release concerning the report, Wi-Fi 6 and the IIoT, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
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