****** Wireless Sensors Market Growth Impelled by Rising Demand for Miniaturized Electronic Gadgets

Wireless sensors refer to devices that can identify, record and respond to the slight changes taking place in their immediate physical environment. They are equipped with transmitters which convert signals from a process control instrument to a radio transmission. These signals assist in forming a network that enables the monitoring of different locations from a single station. Wireless sensors are also utilized in regions which are difficult to access owing to severe weather conditions including wind, humidity, high temperature and pollution. With the help of these sensors, users can supervise processes in these areas and report to an operator with detailed information. Consequently, they are widely employed for managing water and detecting floods and forest fires. As per IMARC Group’s wireless sensors market report, the industry reached a value of US$ 3.7 Billion in 2018.

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The wireless sensors industry is currently experiencing robust growth owing to the boosting sales of consumer electronics and increasing demand for miniaturized electronic gadgets. Apart from this, wireless sensors find vast applications in monitoring greenhouse gas emissions and detecting pests and diseases. Further, manufacturers are financing research and development activities to enhance the accuracy as well as reliability of these sensors. They are also adopting innovative techniques to integrate wireless sensors into electronic items. This is anticipated to expand their applicability in various end use industries in the upcoming years, such as defense, automation, and food and beverage. Owing to these factors, the ****** wireless sensors market size is expected to reach US$ 11.7 Billion by 2024, registering a CAGR of around 21.4% during the forecast period (2019-2024).

Market Segmentation: Based on Product Type, Technology and End Use

  • Based on the product type, the market has been segmented into temperature, pressure, level, flow, humidity, bio, surveillance and security, motion and positioning, and other sensors. Presently, flow sensors represent the most popularly used wireless sensors type.
  • On the basis of the technology, the market has been classified into Bluetooth, Wi-Fi and WLAN, Zigbee, WirelessHART, RFID, EnOcean, and others.
  • The market has been divided on the basis of the end use, which includes industrial, medical, energy, defense, agriculture, office and residential, and others. Currently, the industrial sector accounts for the majority of the total market share owing to the rising demand for embedded computing technologies.

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North America Represents the Largest Market

On the geographical front, the market has been segregated into Europe, Asia Pacific, North America, Latin America, and Middle East and Africa. At present, North America represents the largest market for wireless sensors around the world. This can be accredited to the high income levels of consumers, along with the constant demand for upgrading the existing smartphones, laptops and other electronics with the latest launches.

The competitive landscape of the market is characterized by the presence of numerous established and emerging manufacturers. Some of the key players include 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 and General Electric.

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About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the wireless sensors industry, which has enabled clients to set up and expand their businesses successfully. Some of the company’s offerings include:

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  • Innovation and Product Development

For more information on the wireless sensors industry, please visit: https://www.imarcgroup.com/

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