Cellular Connected Industrial Machine Shipments to Grow at 43% CAGR till 2025, says Counterpoint

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Cellular Connected Industrial Machine Shipments to Grow at 43% CAGR till 2025, says Counterpoint Image Credit: Counterpoint

The global cellular connected industrial automation equipment market is expected to grow at 43% CAGR between 2018 and 2025, according to the latest research from Counterpoint’s IoT Devices Tracker Service.

Industrial automation machines include control systems like PLC (Programmable Logic Controller), servo motors, drives, CNC (Computer Numeric Control) machines, HMI (Human Machine Interface), robots, and others.

Key players in this industry include ABB, Siemens, and Panasonic. Other players included in the study are Dürr, FANUC Robotics, KUKA, Yaskawa, Mitsubishi Electric, Kawasaki, and Epson. These industrial automation and robotics OEMs have introduced embedded modules with several sensors using wireless cellular communication technology to remotely monitor the machine’s health and efficiency. Moreover, most of these companies have their own Industrial IoT (IIoT) platform. 

In 2018, ABB had the highest market share, followed by Siemens and Panasonic. ABB has been the clear market leader due to an early mover advantage both in robotics and factory automation. Since 2007, ABB has delivered more than 40,000 robots with embedded connectivity. ABB is expected to expand its focus on the Robotics and Automation division since they have sold their 80% of Power Grids division to Hitachi. It has recently partnered with Ericsson to accelerate its industrial automation segment. It will do so by combining Ericsson’s 5G technology with its Industry 4.0 products.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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