Welcome to TechLens™

TechLens™ is your monthly newsletter illuminating the dynamic landscape of one of our focus areas: this month, we focus on the Industrial Internet of Things (IIoT). Crafted for technophiles and curious readers, this newsletter unveils the elegance and ambition driving our transformative sectors, highlighting our opinions on possible opportunities for growth and their estimated economic impact.

Advanced Industrial IoT technologies shaping the future of manufacturing

Surge in Industrial Ethernet Dominance

Industrial Ethernet has solidified its reign, now commanding 68% of newly installed nodes in factory automation worldwide, according to HMS Networks' Industrial Network Market Shares report. This shift, propelled by the need for seamless, high-speed data transfer in smart factories, underscores the transition from legacy fieldbus systems to Ethernet-based protocols. This trend enhances real-time analytics and machine interoperability, which is critical for Industry 4.0.

Market Growth Projections for IIoT

Clearview Market Insights projects the global IIoT market to soar from USD 289 billion in 2024 to USD 847 billion by 2031, achieving a compound annual growth rate (CAGR) of 16.6%. This growth is fueled by automation, AI integration, and 5G adoption, which enable predictive maintenance and optimized production. The report highlights Asia-Pacific, particularly China and Japan, as the fastest-growing regions due to robust R&D and demand across the electronics, healthcare, and automotive sectors.

5G Industrial IoT Expansion

The 5G Industrial IoT market is poised for explosive growth, expected to reach USD 22.9 billion by 2031 with a CAGR of 37.24%, per Verified Market Research. May 2025 saw an increased adoption of ultra-reliable, low-latency 5G networks in manufacturing, driven by real-time data analytics and Industry 4.0 demands. However, high infrastructure costs and cybersecurity concerns remain hurdles, particularly for small and medium enterprises (SMEs).

AI and IoT Integration in Breath Analyzers

The breath analyzer market, integrating AI and IoT, is projected to grow at a CAGR of 16.72% from 2025 to 2030, driven by industrial safety and transportation applications. May 2025 reports highlight IoT-enabled breath analyzers for real-time monitoring in high-risk industries like aviation and construction, enhancing compliance with workplace safety regulations. This convergence of technologies promises non-invasive diagnostics and accident prevention.

Monolithic Ceramics in IoT Applications

The monolithic ceramics market, critical for IoT equipment like capacitors and transistors, is expanding due to demand in electronics and automotive sectors. May 2025 reports note Asia-Pacific's leadership, with China and Japan driving innovation for IoT devices in smart manufacturing. This growth supports the production of durable, high-performance components essential for IIoT ecosystems.

Web Application Firewalls Bolster IIoT Security

The global Web Application Firewall (WAF) market, vital for securing IIoT systems, is forecasted to reach USD 20.44 billion by 2033, with a CAGR of 14.19%. May 2025 developments emphasize WAFs' role in protecting IoT-driven industrial applications, spurred by rising cyber threats and regulatory compliance needs. Cloud-based WAFs offer cost-effective security, particularly for SMEs adopting IIoT.

Geostationary Orbit Satellite IoT Gains Traction

The Geostationary Orbit (GEO) Satellite IoT market, valued at USD 176.6 million in 2024, is projected to reach USD 554.7 million by 2030, with a CAGR of 21%. May 2025 updates highlight its role in oil and gas, maritime, and industrial monitoring, offering real-time tracking and diagnostics in remote locations, enhancing IIoT's global reach.

The developments in May 2025 unveil a spectrum of opportunities for businesses and investors, with significant economic potential: