Wireless Sensors Market Size Worth US$ 28.3 Billion By 2028 | Industry Growth (CAGR) of 18.2%

Published April 25, 2023

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 are devices that identify, record, and respond to changes in the immediate physical environment. They consist of transmitters, which transform signals from a process control instrument to a radio transmission. Wireless sensors were originally conceptualized for military applications. However, they are now also used in areas that are difficult to access, owing to extreme weather conditions, including wind, humidity, pollution, high temperature, etc. As these sensors assist in supervising processes in such regions, they are extensively used in managing water and detecting floods and forest fires.

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Market Trends:

The escalating demand for these devices, on account of the rising internet penetration, is among the key elements stimulating the wireless sensors market. Moreover, the widespread adoption of the product across numerous end-use industries, such as food and beverage (F&B), automation, defense, etc., is positively influencing the market growth. Besides this, the inflating usage of these devices for several purposes, including forest fire detection, water management, and flood discovery, is acting as another significant growth-inducing factor. Furthermore, the growing utilization of the product for monitoring greenhouse gas emissions and pest and disease spotting is also propelling the global market. Apart from this, the widespread adoption of wireless sensors in generating a substantial quantity of data that can yield actionable insights is further fueling the market growth. Additionally, key market players are focusing on developing hi-tech future-based devices, especially for autonomous vehicles, which is also driving the global market. In addition to this, the increasing investments in extensive research and development (R&D) activities are anticipated to fuel the wireless sensors market over the forecasted period.

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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

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