Wireless intrinsically safe devices and equipment: emerging markets

Venture Development Corp., Natick, Mass., developed a market study, “Intrinsic Safety Devices: Global Market Assessment, Sec. Edition”. The market study estimates the total 2006 worldwide shipments for wireless intrinsically safe devices and equipment at $271.5-mil. and predicts a compound annual growth rate (CAGR) of 9.8%, and reaching $432.7-mil. by 2011.

09/05/2007


Venture Development Corp., Natick, Mass., developed a market study, “Intrinsic Safety Devices: Global Market Assessment, Second Edition”. The market study estimates the total 2006 worldwide shipments for wireless intrinsically safe devices and equipment at $271.5-mil. and predicts a compound annual growth rate (CAGR) of 9.8%, and reaching $432.7-mil. by 2011.

The report shows that the established market among the intrinsically safe devices is radios and pagers, with two-way radios dominating the revenues. 82% or $221.5-mil. of the 2006 shipments were intrinsically safe radios and pagers. The monitoring and control component categories are reported to have the highest shipment growth rate, with a CAGR of wireless transmitters at 35% and networking products at 26.1%. The lowest shipment growth rate is 2.8% for intrinsically safe phones.

The report discusses the important factors behind the growth in shipments of the products. A growing awareness of the benefits of wireless data and voice communications for industrial operations, which includes hazardous areas, and the fact that wireless technology provides mobile communication capability are two of the major reasons. The products also apply to multiple methods of hazardous environment protection and are still appropriate for Class 1 Division 1 and Zone 0. The report details the markets for intrinsically safe radios, communication on oil tankers and homeland security protocols.

For more information on the market report, click here





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