Wireless solutions expected to grow 47% per year to +$8 billion by 2007

San Mateo, CA—Open standards and key vertical market applications will ignite the market for low-power, low-data-rate wireless technology (LR-WPAN) and help it grow at a 47% compound annual growth rate (CAGR) to more than $8 billion by 2007, according to a market research study released April 22 by the Wireless Data Research Group (WDRG).

04/30/2003


San Mateo, CA— Open standards and key vertical market applications will ignite the market for low-power, low-data-rate wireless technology (LR-WPAN) and help it grow at a 47% compound annual growth rate (CAGR) to more than $8 billion by 2007, according to a market research study released April 22 by the Wireless Data Research Group

The report, 'Start-ups, Standards Bodies and Systems Vendors `Sensing' Opportunity in the Low-Power, Low-Bandwidth RF Systems Market,' attributes the growth of wireless largely to the development of targeted applications, including low-cost, integrated wireless sensor networks, as well as the general availability in 2004 of standards-based wireless components and products using the IEEE 802.15.4 and ZigBee Alliance specifications. Besides profiles of relevant start-ups and system vendors, the report includes forecasts for leading vertical markets and technology platforms.

'The applications, which tend to be market specific and range from simple remote controls to complex, ad hoc wireless mesh networks, should provide enough opportunities to sustain a num-ber of solution vendors and component suppliers for the foreseeable future,' says Ian McPherson, WDRG's principal analyst

The low-power, low-bandwidth market is characterized by wireless systems capable of multi-year longevity on standard alkaline or lithium batteries, delivering multi-channel connectivity of up to 250 kbps. These systems are increasingly gaining favor for remotely monitoring and managing a wide range of embedded and adjunct operational and data collection systems.

Control Engineering Daily News Desk
Jim Montague, news editor
jmontague@reedbusiness.com





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