Industrial Wireless Ethernet Market to Grow 34.7% Annually

7/23/2004 - The market for wireless Ethernet infrastructure components and network software for industrial applications totaled $75.1 million in 2003 and is forecast to grow at a compound annual growth rate (CAGR) of 34.7%, reaching $183.4 million in 2006, according to a recent report by Venture Development Corporation, Worldwide Industrial Markets for Wireless Ethernet Infrastructure Components and Network Software.

The evolution of standards, enhanced security and increased bandwidth has propelled the use of wireless Ethernet into 'harsh' environments. Success in warehouse/distribution applications has carried over into shop floor control environments; benefits of wireless Ethernet in industrial applications include:

About VDC
Founded in 1971, VDC is a technology market research and consulting firm that specializes in industrial and commercial electronics, computing, communications, software and power systems markets.

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