Mobile Experts report: IoT devices market poised to double

  • February 13, 2017
  • News

February 13, 2017 -- Mobile Experts has released a report that investigates connectivity for IoT devices in applications including: energy, manufacturing and process control, transportation, and construction. The report further explores the migration from Fieldbus and Ethernet to a variety of wireless technologies. The study analyzes key market drivers, cost savings, safety, and output. As connectivity technology evolves, Mobile Experts explains how the already huge industrial IoT market thrives on wired Fieldbus and Ethernet—but new wireless standards will add some growth and opportunity with the convenience of disposable devices.

"The fact of the matter is, wireless will improve some applications for industry… but ultimately many of their sensors will remain on wires.  Most of these guys are conservative and like the reliability and simplicity of cables," remarked Principal Analyst, Joe Madden. "Growth opportunities are coming from wireless devices, but the profile will look very different than industry hype would suggest."

In response to their findings, the report highlights the opportunities that arise for changes to connectivity. The industrial IoT segment is defined to include industrial-scale energy, manufacturing, process control, transportation, and construction. Movements and evolutions within those applications are outlined and broken down through 2021.

"The ecosystem for automation in this industrial sector is already mature, and they are familiar with IoT concepts," commented Mobile Experts Founder, Joe Madden.  "We believe that semiconductors in the IIoT market will double in revenue from 2015 to 2021, growing from $150M to $300M. They will become increasingly integrated over the next five years."

Clear forecasts for modules and semiconductors are included to illustrate the anticipated volume and revenue for multiple technologies. 35 charts and figures further clarify expected trends:

  • Industrial IoT Device Shipments, 2014-2021
  • Automotive Manufacturing with Robotics
  • Comparison of LPWA, LTE, and NB-IoT options
  • Proposed Migration from GSM-R to LTE
  • Range comparison of NB-IoT to LPWA options
  • Comparison of 802.15.4, Wi-Fi, LTE, LPWA, NB-IoT across five dimensions

Mobile Experts focuses on semiconductors and radio hardware.   Multiple forecasts of module shipments and revenue are provided, along with clear guidance on the future integration of semiconductors for both wired and wireless applications.

Learn More

Did you enjoy this great article?

Check out our free e-newsletters to read more great articles..