ARC Advisory Group of Dedham has issued reports on wireless capability in factories and continuous-improvement systems.
ARC said wireless technology will sweep through factory floors at a compounded annual growth rate of 26 percent during the next five years. The market will grow from $325.7 million in 2005 to more than $1 billion in 2010, the study said.
Manufacturing executives see wireless communication as less expensive, safer, more reliable and more transparent that current technology, said senior analyst Harry Forbes, who wrote ``Wireless Technology in Process Manufacturing.'' Also, new networking technology soon will open up the market.
ARC also sees strong growth for electronic continuous-improvement systems in manufacturing. The segment is projected to grow from $211.5 million to $402.8 million by the end of 2010. That's a compounded annual growth rate of 12.7 percent.