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Wireless Sensor Market by Product Type (Pressure Sensor, Temperature Sensor, Biosensors and Others), Technology (Wi-Fi, Bluetooth, Zigbee and Others), Industry Vertical (Chemical & Petrochemical, Oil & Gas, Energy & Power, Automotive, Food & Beverages, Healthcare and Others): Global Opportunity Analysis and Industry Forecast, 2021–2027

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Jan 2021 | 86 Views
 
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The global wireless sensor market size is experiencing significant growth and is expected to grow considerably in the next few years. Wireless sensors are conventional measurement devices that are fitted with transmitters that can change signals from measure control instruments into a radio transmission. At first, conceptualized for military use, these networks currently have wide-running applications in modern consumer, and civilian markets. These stretch out from forestalling intruding in observing structure strength and assessing water quality to estimating individual heart rate. Wireless sensors are additionally utilized in regions that are difficult to access due to serious natural conditions, for example, high temperature, pressure, pH, and others. With the assistance of wireless sensors, administrators can continually manage measures in risky conditions and report the data back to an administrator in a checking office that might be situated at a protected distance away. They are helpful for obtaining information in hard-to-get areas.

The radio signal is taken by a collector that further changes the wireless sign into a specific, required output, for example, data analysis through PC programming.

The global wireless sensor market is segmented into product type, technology, industry vertical, and region. Based on product type, the market is further segmented into pressure sensor, temperature sensor, biosensors and others. In terms of technology, the market is Wi-Fi, bluetooth, Zigbee and others. Based on industry vertical, the market is bifurcated further into chemical & petrochemical, oil & gas, energy & power, automotive, food & beverages, healthcare and others. Geographically, the global market is divided across North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, Africa). 

Key players of the wireless sensor market analyzed in the research include ADTRAN Inc., Aliathon Technology Ltd., ADVA Optical Networking SE, Alcatel-Lucent, Fujitsu Ltd., Huawei Technologies, Infinera Corporation, Cisco Systems, ZTE, and OZ. They have adopted various strategies including new product launches, collaborations, partnerships, mergers & acquisitions, joint ventures, agreements, and others to gain a stronghold and international presence across the world.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

Advancement of more intelligent, less expensive, and smaller wireless sensors; extending market for smart & wearable gadgets; developing the requirement for real-time computation of applications; and rise in demand for internet of things (IoT) sensors for different applications, for example, detecting, sensing, and interpretation are the main factors that led to the wireless sensor market development. Innovative research and improvements in wireless sensor innovation are the main factors prompting quick development. The wide scope of utilizations of wireless sensors, including water management, forest fire detection, ozone depleting substance outflow observation, flood identification, soil checking, pest & disease detection, irrigation, and water management in practically varying backgrounds is urging producers to utilize wireless sensors for accuracy, thereby prompting wide acceptance of sensors by enterprises. In addition, industrial robots and automation require a vast number of wireless sensors, which is expected to drive the wireless sensor market growth.

The sensors utilized in wireless sensor network need power to work and handle different activities, which is a hindrance in the development of the market. The majority of the energy put away in the appended battery is exhausted during information transmission, which is limiting the development of the wireless sensor market share. Moreover, different sensors are situated at a distant area, which requires energy for staying dynamic and brings about loss of energy.

Image sensors are expected to grow at highest CAGR during the forecast period

The adoption of image sensors is rising quickly for automotive, car, retail, building automation, among other applications. Security and access control frameworks have become a fundamental piece of the wellbeing and security of the structures and their tenants. Video surveillance is vital in refining the security level in structures, for example, homes, retail and offices prompting higher acknowledgment of image sensors in video surveillance frameworks.

Surge in usage in automotive and industrial applications boost the market growth

The utilization of wireless sensor network (WSN) utilized in military reconnaissance, followed by building automation is projected to offer huge development to the wireless sensor network market during the forecast time frame. The utilization of wireless sensor network ascending at a decent speed due to its application in different military activities, for example, chemical, natural, & hazardous fume recognition, rocket canister nonstop observing, and others, is expected to offer demand to the wireless sensor market. Moreover, cheap accessibility of sensors and introduction of IoT offer huge development to the wireless sensor network market in home automation. The adoption of robots in military, which utilizes wireless sensor network for different application, helps in the growth of the wireless sensor network market.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast unit

  Value (USD)

  Segments covered

  Product Type, Technology, Industry Vertical, and Region

  Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, Africa)

  Companies covered

ABB, Adaptive Energy, Ambient Micro, Apprion, Aruba Networks, Atmel, BAE Systems, BSC Computer, Cardiomems, Chevron, Cymbet, Dust Networks, ELTAV, Ember, Emerson, Enocean, Gastronics, Greenpeak, and Microstrain

 

Key benefits of the report:

  • This study presents the analytical depiction of the global wireless sensor industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global wireless sensor market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global wireless sensor market trends and growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed wireless sensor market revenue analysis based on competitive intensity and how the competition will take shape in the coming years. 

Key segments covered:

Segments

Sub-segments

  Product Type

  • Pressure Sensor
  • Temperature Sensor
  • Biosensors
  • Others

  Technology

  • Wi-Fi
  • Bluetooth
  • Zigbee
  • Others

  Industry Vertical

  • Chemical & Petrochemical
  • Oil & Gas
  • Energy & Power
  • Automotive
  • Food & Beverages
  • Healthcare
  • Others

 

Questions answered in the wireless sensor market research report:

  • Which are the leading market players active in the wireless sensor network market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
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Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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