Wireless Sensor Network Market: Emerging AI and IoT Technologies Driving Demand
The growing adoption of robotics and automation in numerous end-user industries such as transportation, oil & gas, automotive, and healthcare is bolstering the wireless sensors network market. The same can be allied with the latest market research report released from IndustryARC that evaluates the global wireless sensor network market size at $29.23 billion as of 2018. The market size is projected to increment at a healthy compound annual growth rate of 18.24% during the forecast period of 2019 to 2025.
The report is titled “
Wireless Sensor Network Market: By Type (Pressure,
Temperature, Flow, Humidity, Others) Technology (Bluetooth, Wi-Fi, Others) By
Industry (Automotive, Oil & Gas, Others) By Application (Home Automation,
Industrial Automation, Others) & Geography – Forecast (2019 - 2025).” The
report contains comprehensive insights related to trends, outlook, demands,
forecast, and geographical distribution in the market.
Global Wireless Sensor Network Market: Leading Segments
By region, North America is placed as the most lucrative for the player operating in the wireless sensor network market. The region accounted for 35.31% of the total wireless sensor network market share. Establishment of intelligent production and smart factories in the manufacturing sector across the US justifies the growth in the North America wireless sensor network market.
The banking, financial services, and insurance are considered as the most prominent application in the global wireless sensors network market. Financial products and services are gaining popularity in both the developing and developed economies. Increasing disposable income, changing lifestyle, and increasing awareness towards the benefits of insurance is driving growth in the BFSI application of the wireless sensor networks market. According to the IndustryARC analyst, this application will grow at a CAGR of 20.53% through the forecast period of 2019 to 2025
Global Wireless Sensor Network Market Analysis
healthcare industry is one of the most constant cyclic growing industry. The
enormous investment being carried out in the research and development
department will probably intimate exclusive innovations in the field. One such
development is the emerging AI and IoT techniques in the industry. The inclusion
of AI has optimized the healthcare monitoring systems with wireless ad hoc
networks, radio transceiver, wearable devices sensors, temperature sensors,
pressure sensors, and other healthcare sensors. According to the National
Centre for Biotechnology Information (NCBI ),
the global geriatrics population is estimated to reach 1.3 billion by 2040.
This growing section of the population needs the most sensitive care and monitoring,
since the wireless sensor is an effective method of monitoring such mass, the
demands in the global wireless sensor network market is gauged to shoot in the
Automation: Advancement in robotics technology is tremendously
changing the blueprint of manufacturing industries. Introduction of autonomous
sensors and industrial sensors is improvising industrial monitoring by
providing real-time monitoring and implementation options. According to the International
Federation of Robotics, the
adoption of industrial robots is accelerating at pace 30% annually since 2017,
surpassing the mark of 2 million industrial robots.
Global Wireless Sensor Network Market Trends
sensors are exuberantly flourishing in numerous industries. Healthcare is one
of the heftiest sectors that seemed to be employing wearable sensors in various
operations and methods. Moreover, the automotive sector precisely, Formula 1
and MotoGP drivers are equipped with such sensors to track multiple aspects of
the race. These sensors use high-speed Internet to establish such connections.
Prevalently growing opportunities in the automotive industry catalysed with the
emerging electric vehicle demands is expected to drive the global wireless
sensors network market growth.
Global Wireless Sensor Network Market: Competitive Landscape
Some of the key companies identified in the report that are currently ahead of the curve in the wireless sensor network market are Intel Corporation, ABB Ltd., Texas Instruments Inc., Huawei Investment & Holding Co., Cisco Systems Inc., STMicroelectronics N.V., TE Connectivity Ltd., NXP Semiconductor N.V., Dell Inc., Hewlett Packard Enterprise Company, Robert Bosch GmbH, Advantech Co., Ltd., Honeywell International Inc., Broadcom Limited, Infineon Technologies AG, Emerson Electric Company, Analog Devices Inc., Eurotech S.p.A, Invensense Inc., and Sensirion AG.
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Sensor Network for Building Home Automation Market
Harvesting System For Wireless Sensor Network Market
What can you expect from the report?
The global wireless sensor network market is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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