Archive

Six-Fold Growth Forecast For Wireless Monitoring, Control Applications

Jan. 13, 2005

Compiled By Frank R. Chloupek According to a report from Venture Development Corp., the market for wireless monitoring and control applications in North America is expected to increase more than six-fold between 2001 and 2006, growing from total ...

Compiled ByFrank R. Chloupek According to a report from Venture Development Corp., the market for wireless monitoring and control applications in North America is expected to increase more than six-fold between 2001 and 2006, growing from total shipments of $109 million in 2001 to $752 million in 2006. The growth is expected in tank level monitoring; material handling monitoring and control; and programming, maintenance and repair. The share of the market currently devoted to remote crane/hoist controls is expected to decline from 20% to 4% due to the current widespread use of these applications. Total Percentage Shipments For 2001 By Industry

Industry	Percentage
Utilities	17
Chemical/Petrochemical	16
Automotive	14
Food & Beverage	10
Other	43

Total Shipments -- $109 Million Forecast Total Percentage Shipments For 2006 By Industry

Industry	Percentage
Utilities	22
Chemical/Petrochemical	18
Automotive	12
Food & Beverage	12
Other	36

Total Forecast Shipments -- $752 Million Venture Development, based in Natick, Mass., is a technology research and management consulting firm serving the electronics industry.