According to Technavio’s latest market research study, the global wireless sensors market is expected to grow at a CAGR of close to 20% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global wireless sensors market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application type
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The top three revenue contributing application segments are discussed below:
Global wireless sensors market for home automation segments: The high growth of the global wireless sensors market by home automation is attributable to the increasing use of consumer electronics such as laptops, cell phones, surveillance cameras, and tablets, that have wireless sensors inside them. The increasing popularity and adoption of wearable devices is also an incentive for the growth of the wireless sensors for home automation market.
“The growth of IoT applications as well as the adoption of smart homes and smart devices during the forecast period is expected to propel the demand for wireless sensors for home automation. Players in the market are proposing intelligent, smart home frameworks which are likely to be introduced in the market in the coming years. The proposed systems can be used to monitor and assess various parameters in a home environment including humidity, light, and temperature,” says Sunil Kumar Singh, a lead analyst at Technavio for research on sensors.
Global wireless sensors market for energy applications: The adoption of automation and wireless sensors, spurred by the growing demand for advanced technology solutions to enhance efficiency, productivity, and profitability, is the driving force behind the energy application segment of the global wireless sensors market. In the energy sector, wireless sensors function on harvested energy and find application in wind turbines, gas pipelines, oil pipelines, and other applications.
Global wireless sensors market for industrial applications: Maintaining high standards of industrial safety and energy efficiency is the driving force behind the adoption of wireless sensors in industrial applications. The adoption of wireless sensors for industrial applications helps achieve a low cost of installations and power efficiency. Technavio’s industry analysts estimate the global wireless sensors market to account for a revenue of more than USD 1 billion by 2021.
The top vendors operating in the global wireless sensor market are:
- ABB
- Honeywell Process Solutions
- General Electric
- Siemens
- Yokogawa Electric
Other prominent vendors in the market include Ambient Micro, Aruba Networks (Hewlett-Packard Enterprise), Atmel, BAE Systems, Bosch, Cisco Systems, Drägerwerk, Dust Networks, EnoCean, NXP Semiconductor (Freescale Semiconductor), Gastronics, Industrial Scientific Corporation (ISC), Microsemi Corporation, Microstrain, Mitsubishi Electric, OmniVision Technologies, OMRON, Rockwell Collins, Schneider Electric, Silicon Laboratories, STMicroelectronics, and Thermo Fisher Scientific.
A more detailed analysis is available in the Technavio report titled, ‘Global Wireless Sensor Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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- Global Biometric Sensors Market 2016-2020
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