As per the latest report by IMARC Group, titled “Wireless Sensors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on wireless sensors market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global wireless sensors market size reached US$ 10.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 28.3 Billion by 2028, exhibiting a growth rate (CAGR) of 18.2% during 2023-2028.
Wireless sensors represent commonly used measurement tools that come equipped with transmitters capable of converting signals from process control instruments into radio transmissions. Initially developed for military purposes, these networks now find widespread applications in civilian, industrial, and consumer markets. Their uses range from preventing trespassing to monitoring building integrity, evaluating water quality, and measuring individual heart rates. Wireless sensors are particularly valuable in challenging environments characterized by extreme conditions, such as high temperature, pH levels, and pressure. By utilizing these tools, operators can continuously monitor processes in extreme environments and relay the information to a monitoring facility located at a safe distance. The radio signal transmitted by wireless sensors is received and interpreted by a receiver, which converts the signal into a specific output, including an analog current or data analysis through computer software. In addition to this, these tools offer convenience in gathering data from hard-to-reach locations.
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Market Trends:
Significant technological advancements and the escalating product demand across various industries, such as food and beverage, automation, and defense, are primarily driving the wireless sensors market. Besides this, the elevating requirement for these tools in forest fire detection, water management, flood detection, greenhouse gas emission monitoring, and pest and disease detection is further augmenting the market growth. Moreover, wireless sensors generate substantial amounts of data that can provide valuable insights for continuous process improvement, which is also catalyzing the global market. Apart from this, the expanding defense industry and the growing product popularity in military control, command, intelligence, computing, communications, battlefield surveillance, reconnaissance, and targeting systems are acting as significant growth-inducing factors. Furthermore, the development of advanced devices by the leading manufacturers, particularly for autonomous vehicles, is expected to bolster the wireless sensors market in the coming years.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- 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 (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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