- The key vendors in the global wireless sensors market 2015-2019 are ABB, Emerson Electric, GE Lighting, Honeywell International, Siemens and Yokogawa Electric.
London, 14 October 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global wireless sensors market 2015-2019. Increased use of underwater sensors is one of the key trends being witnessed in this market. These sensors assist in gathering oceanographic data, pollution monitoring, and offshore explorations. They are also able to provide valuable data on disaster prevention from tsunamis, and for navigation purposes and tactical surveillance for military purposes. The global wireless sensors market is expected to grow at a CAGR of 20.58% during the forecast period of 2015-2019.
The adoption of wireless sensors is forecast to gain ground with the implementation of the Internet of Things and the increase in sales of smart devices. These sensors are expected to transmit data directly to these smart devices for the purpose of monitoring. Vendors in the market are focusing on cost reduction strategies in order to capture a higher number of end-users. They are also focusing toward increasing the reliability of these sensors by reducing failures, and improving battery life and backup in case of sudden power failure.
“Wireless sensors have greater physical reach, lower installation time, enhanced suitability to harsh environment operations, and involve lower cost,” says Faisal Ghaus, Vice President of Technavio Research.
“The data from wireless sensors can be monitored from anywhere, which has helped in improving productivity as the operators do not need to travel for maintenance or to obtain data.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Wireless Sensors Market 2015-2019, please send an e-mail to media@TechNavio.com
Follow us on Twitter @Technavio
Like us on Facebook
Follow us LinkedIn
Connect with us on Google+
