Wireless Sensors Market by Product (Pressure Sensor, Temperature Sensor, Biosensors, Motion & Positioning Sensor, Humidity Sensors, Level Sensors, Gas Sensors, and Others), by Technology (Wi-Fi, Bluetooth, Zigbee, RFID, and Others), and by End-Use Industry (Defense, Automotive, Food & Beverages, Healthcare, Energy & Utilities, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Global wireless sensors market expected to reach USD 11.2 billion globally by 2025, at a CAGR of around 20.5% between 2019 and 2025. The rising demand for wireless sensors by the food and beverage industry is fueling market growth.

19-Jun-2019 | Number of pages: 188 | Report Code: ZMR-701 | Report Format : | Status : Published

Analysis

The wireless sensors market is anticipated to grow considerably in the future, owing to the increasing product demand by the energy and utility sector. Numerous oil and gas organizations have to monitor, control, secure, and maintain industrial assets efficiently. Wireless sensors are effective in resolving various problems, such as corrosion, gas leak detection, etc. Oil and gas companies are investing in the latest technologies to meet their security standards and have a technical advantage. From 2000 to 2016, the U.S. oil and gas industry invested around USD 108 billion on technology to reduce gas emissions. Thus, the global wireless sensors market is expected to witness notable growth over the forecast time period.

The rising demand for wireless sensors by the food and beverage industry is also fueling the market growth. Wireless sensors help to maintain the ideal temperature and humidity levels in plants for the manufacturing of various food items, such as bread. In the bakery sector, the ambient humidity and temperature have a huge impact on the food quality, specifically in the mixing, forming, and packaging stages of production. However, the limited bandwidth of wireless sensors may have an adverse effect on the wireless sensors market development. Alternatively, increasing wireless technology usage is expected to open new growth avenues for the wireless sensors market over the forecast timeline.

Global Wireless Sensors Market

Based on product, the global wireless sensors market is fragmented into pressure sensor, temperature sensor, biosensors, motion and positioning sensor, humidity sensors, level sensors, gas sensors, and others. The motion and positioning sensor segment is projected to grow notably over the forecast timeframe, due to the rising product demand in the developing economies of the Asia Pacific region. On the basis of technology, the global wireless sensors market includes Wi-Fi, Bluetooth, Zigbee, RFID, and others. The Wi-Fi segment is expected to hold a significant market share in the future, owing to the rising wireless technology demand in numerous sectors. By end-use industry, the market includes defense, automotive, food and beverages, healthcare, energy and utilities, and others.

Latin America is expected to grow notably in the global wireless sensors market over the forecast time span, owing to the increasing investments made in the Brazilian automotive sector. The European wireless sensors market is anticipated to make notable contributions to the global market for wireless sensors, due to the increasing product demand in the healthcare sector. Most of the healthcare organizations in Europe are focusing on investing in the latest technologies to provide better healthcare services to the patients. The aim of using wireless sensors in healthcare is to ensure uninterrupted patient monitoring.

Some major players of the global wireless sensors market are Texas Instruments, Schneider Electric, Siemens, Honeywell International, ABB Ltd., Emerson Electric, Rockwell Automation, General Electric, TE Connectivity, and Endress+Hauser.


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