Wireless Sensor Market

Wireless Sensor Market Size, Growth, Forecast (2023-2028)

The Global Wireless Sensor Market size was worth US$ 54.2 billion in 2022, and it is estimated to reach a valuation of US$ 120.1 billion by the end of 2028, expanding at an annual growth rate of 17.8% between 2023 and 2028.

Market Overview:

The Wireless Sensor Networks (WSNs) are primarily considered as self-configured and infrastructure-free wireless networks. These are also used to monitor physical or environmental factors, such as temperature, sound, vibration, pressure, motion, or pollution, and to jointly transfer their data over the network to a central location or sink where it may be viewed and evaluated. The sink has a large number of sensor nodes. The sensor nodes able communicate among themselves with the help radio signals. The sensor nodes of the wireless sensor network primarily manage and monitor the environment of a particular area. The base station in a Wireless Sensor Network is connected through the internet for sharing data.

The Wireless Sensor Network is widely used for detection and monitor patient and industry, environmental conditions (pressure, temperature, noise, humidity, vibration, flow, etc.), building automation, military threats, landslides, IoT, etc. The Image sensor and MYTHING Smart Sensor dominate the market segment and play a vital role in Global Wireless Sensor Market. The escalating focus on the healthcare sector and government initiative for smart cities and clean & green environments boost the growth of the Global Wireless Sensor Market in the period between 2022 and 2027.

Recent Developments in Wireless Sensor Industry:

• In November 2021, ABB Ltd. has launched the first touch-free smart sensor in order to decrease air pollution. The new Fusion Air Smart Sensor comprises of four sensing options. These are used for creating optimal conditions for improving indoor air quality, safety, and comfort.
• Fusion Air smart sensor is a touch-free room sensor with an optional room control sensor capable of monitoring the temperature, humidity, VOCs, and carbon dioxide (CO2) to improve the overall Indoor Air Quality (IAQ) minimize the risk of viral exposure.
• In May 2021, DENT Instruments announced a strategic collaboration with Emerson to make wireless power measurement instruments. DENT Instruments is global in the design and manufacture of power instruments, and Emerson is a recognized leader in bringing engineering and technology together. DENT Instruments has combined its revenue-grade Power Scout 3037 Power Meter with Emerson's Smart Wireless technology to provide a superior measuring solution that will have a significant impact on energy efficiency and sustainability across a wide range of customer markets.

WIRELESS SENSOR MARKET REPORT COVERAGE:

Drivers:

Wireless Sensor Network's increasing adoption for patient and industry detection and monitoring, environmental conditions (pressure, temperature, noise, humidity, vibration, flow, etc.), building automation, military threats, landslides, IoT, etc., drives the market growth of Global Wireless Sensor Market. In addition, the government has raised its focus on the clean green environment and sustainability, which drives the future growth of the Wireless Sensor Market across the globe. Moreover, growing governmental initiatives toward smart city projects and infrastructure will boost the growth of the Global Wireless Sensor Market in the forecasted period between 2022 and 2027.

In addition, the Image sensor is playing a vital role in the Wireless sensor network market. Still, it is anticipated that MY THINGS Smart senor will fuel the market growth of Wireless Sensor Network in the year between 2022 and 2027 because it is a self-configured, powered battery sensor and able to detect and monitor multiple things like temperature, pressure, humidity, acceleration, and GPS and will become a smart solution for different sectors.

The increasing focus on the health care sector raises the demand for wireless sensor networks for monitoring patients or threat detection. Thus, the healthcare sector will become the contributor to the growth of the Global Wireless Sensor Market.

Restraints:

Though the Wireless network has gained a lot of popularity in different sectors, some limitations hinder the growth of the Wireless Sensor Network Market as they are wireless networks, so there is a high risk of hacking. Moreover, these sensors have a short shelf life, and so it increases the cost, and they are only efficient for low-energy applications.

Security is expected to become a major issue in IoT because of an increasing number of things and the system's openness. Thus, security, short shelf life, and energy efficiency are the major restraints in the Global Wireless Sensor Market growth.

Wireless Sensor Market Segmentation Analysis:

Based on Sensor:

• Pressure sensor
• Temperature sensor
• Level sensor
• Biosensor
• Humidity sensor
• Flow sensor
• Image sensor
• My thing IoT Sensor

Based on the sensor, the Wireless Senor Market is segmented by Pressure, Ambient Light Sensors, Position & Proximity, Carbon Monoxide Sensors, Image Sensors, Accelerometers, Blood Glucose Sensors, Blood Oxygen Sensors, Chemical Sensors, Flow Sensors, Electrocardiogram Sensors, Image Sensors, Heart Rate Sensors, Humidity Sensors, Level Sensors, Inertial Measurement Units, and Temperature Sensors. The image sensors are a key driver of the Wireless Sensor Network because it has a secure and access control framework, which becomes the essential piece of structure wellbeing and security, their inhabitant and video observation.

MYTHINGS Smart sensor is a self-contained, battery-powered, multipurpose sensor that is used to capture critical data points like temperature, pressure, humidity, acceleration, and GPS. Owing to these factors, MY THINGS Smart sensors will fuel the growth of the Global Wireless Sensor Market between 2022 and 2027.

Based on End-users:

• Military and security
• Transportations and logistics
• Industrial Monitoring
• Patient Monitoring
• Home & Building Automation
• Industrial Automation
• Internet of Things (IoT)
• Environmental humidity, air pressure, pollution
• Others

Based on End users, the global wireless sensor is used for military surveillance, industrial and patient monitoring, Transportation and logistics, home & building automation, industrial automation, environmental pressure, humidity, pollution, IoT, etc.

Military surveillance and industrial automation is key driver of global wireless sensor network market growth because of the huge wireless sensor network deployment in military and industrial automation.

With the huge adaption of IoT connections, the demand for wireless sensor networks arises, which will further boost the growth of the global wireless sensor market is forecast between 2022 and 2027.

Based on Technologies:

• Wi-Fi
• Wireless HART
• Bluetooth
• Isa100
• Z-Wave

Based on technologies, Wireless Sensor Market is categorized into Wi-Fi, Wireless HART, Bluetooth, Isa100, and Z-Wave. The Wireless HART and Isa100 technologies are the key drivers of the global wireless sensor network market because of their industrial compatibility usages.

Geographical Segmentation Analysis:

• North America - the United States and Canada
• Europe - United Kingdom, Spain, Germany, Italy, and France
• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
• Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

North America is the largest contributor to the Global Wireless Sensor Network because of its huge investment in the adoption of Wireless Sensor Network in the U.S military for monitoring and security. Moreover, it has a large number of key players associated with the Global Wireless Network Market. North America will also emerge as the largest contributor to the growth of Global wireless Sensor networks because of adoption of technologies, smart manufacturing, and a large number of industry presence drives the future growth of the Global Wireless Sensor Market.

Following North America, it is anticipated that Asia-Pacific will play a significant role in the growth of the Global Wireless Network Market because of rapid urbanization and industrialization. In addition, the safety surge, along with booing the automotive industry, will boost the growth of the Wireless Network Market. This installation of Wireless sensors is growing in various industries like agriculture, healthcare, and the automotive industry, which further drives the Global Wireless Network Market between 2022 and 2027. India, China, and Japan will emerge as the significant countries of this region.

In Europe, the increasing deployment of IoT connections in the healthcare sector demands the wireless sensor network drives the growth of the Global Wireless Network Market.

Impact of Covid-19 Analysis on Global Wireless Sensor Network Market:

The Global Wireless Sensor Market has been significantly impacted by the COVID-19 outbreak. New projects have stalled throughout the world, which, in turn, have led to a decline in demand for Wireless Sensor networks. Due to pandemic, global factories have struggled to assimilate new Wireless Sensor because workers have stayed at their homes, disrupting the global supply chains. The impact of COVID-19 on this market is temporary. Once the situation fades away, there is an increase in production, supply chain, and demand for the Wireless Sensor Network. In comparison to other industries, COVID-19 has a notable impact on the health care sector.

COVID-19 has raised many questions in healthcare and quality services. The increasing number of COVID patients and other patients like trauma, heart, etc., needs continuous medical monitoring. At that time, wireless sensors network plays a vital role in monitoring patients and maintaining the social distancing protocol. Through COVID 19, the importance and demand for wireless sensors have increased in the global wireless sensor market.

Leading Company:

Emerson is the leading Global Wireless Sensor Market company in terms of manufacturing and sales revenue.

Key Players in the Market:

Major Key Players in the Global Wireless Sensor Market are

• ABB Ltd. (Switzerland)
• Texas Instruments (U.S.)
• Yokogawa Electric Corporation (Japan)
• Schneider Electric SA (France)
• Endress+Hauser AG (Switzerland)
• Emerson Electric Co. (U.S.)
• General Electric Company (U.S.)
• ST Microelectronics (Switzerland)
• Honeywell International Inc. (U.S.)
• Siemens AG (Germany)