As per the latest report by IMARC Group, titled “Wireless Sensors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on . The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global wireless sensors market reached a value of US$ 8.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 24.2 Billion by 2027, exhibiting a CAGR of 19.4% during 2022-2027.
Wireless sensors are devices that identify, record and respond to the changes taking place in the immediate physical environment. They have transmitters, which assist in converting signals from a process control instrument to a radio transmission. Wireless sensors were initially conceptualized for military applications. However, they are now also employed in regions that are difficult to access on account of severe weather conditions, such as wind, humidity, pollution and high temperature. As they aid in supervising processes in these regions, they are extensively used in managing water and detecting floods and forest fires.
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Global Wireless Sensors Market Trends:
At present, the sales of smart wearable devices are on the rise owing to the widespread internet penetration. This represents one of the major factors strengthening the market for wireless sensors, which are widely used in these devices. Apart from this, the burgeoning defense industry is further catalyzing the demand for wireless sensors in military control, command, intelligence, computing, communications, battlefield surveillance, reconnaissance and targeting systems. Furthermore, prominent vendors operating in the industry are focusing on developing hi-tech future-based devices, especially for autonomous vehicles. As a result, they are expanding their budget to invest in research and development (R&D) activities.
View Full Report with TOC & List of Figure:
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- ABB Ltd
- STMicroelectronics
- Texas Instruments Incorporated
- Freescale Semiconductors Inc
- Rockwell Automation Inc.
- Emerson Electric Co
- Honeywell International Inc
- Schneider Electric SA
- Endress+Hauser SA
- Yokogawa Electric Corporation
- Siemens AG
- General Electric
Wireless Sensors Market Segmentation:
Our report has categorized the market based on region, product type, technology and end-use.
Breakup by Product Type:
- Temperature Sensors
- Pressure Sensors
- Level Sensors
- Flow Sensors
- Humidity Sensors
- Biosensors
- Gas Sensors
- Surveillance and Security Sensors
- Motion and Positioning Sensors
Breakup by Technology:
- Bluetooth
- Wi-Fi and WLAN
- Zigbee
- RFID
- EnOcean
- Others
Breakup by End-Use:
- Industrial
- Medical
- Energy
- Defense
- Agriculture
- Office and Residential
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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