Pulished Date November, 2019
ID: 8827
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Wireless Sensor Networks Market by Offering (Hardware, Software, Services), Sensor Type, Connectivity Type, End-user Industry (Building Automation, Wearable Devices, Healthcare, Automotive & Transportation, Industrial) and Region- Analysis, Size, Growth, Investment and Forecasts (2019-2024)

Pulished: November, 2019
ID: 8827
Pages: 175

MARKET OVERVIEW:

The market for Wireless Sensor Network (WSN) is projected to grow significantly over the coming years due to the increasing demand for network infrastructure and advancements in Artificial Intelligence (AI), Machine Learning (ML) and Big Data Analytics. These technologies have enabled companies to analyze large volumes of data collected from multiple types of sensors such as temperature, motion, pressure, gas, flow, and chemical, among others. Emerging economies around the world are focusing on improving communication ties between industrial devices to ensure smooth communication using wireless systems. As a result, industries such as oil and gas and utilities are adopting wireless sensor networks because of their ability to operate seamlessly in harsh, remote locations.

RECENT DEVELOPMENTS:

In November, Honeywell launched the new wired gas sensors to enable secure industrial operations. The new Sense point XRL is a fixed gas detector that tracks industrial activities for different hazardous gasses such as carbon monoxide and methane.

MARKET VALUE AND EXPECTED GROWTH:

The Wireless Sensor Network Market is valued at 62.8 Billion USD in 2019. The market is expected to grow at a CAGR of 17.5% over the forecast period to reach a valuation of 95.3 Billion USD in 2024.

GEOGRAPHICAL ANALYSIS:

North America has emerged as a priority option for business vendors in the market under research, as the area is greatly benefited by the existence of the critical infrastructure required for a solution. The introduction of smart factories, smart manufacturing and the involvement of many advanced wireless sensors network manufacturers are expected to drive the growth of the North American market in the near future.

Moreover, the North American rail freight industry is also trying to leverage WSN on-board rail cars for automated tracking and alerting. In railway settings, WSN freight trains exhibit a linear chain-like topology of significant length. Also, due to the increasing proliferation in the commercial market, wearable devices are becoming increasingly popular for industrial use due to their numerous advantages.

MARKET DRIVERS AND RESTRAINTS:

Major factors which have helped drive the Wireless Sensor Networks Market forward are-

  • Increase in the popularity of wireless sensor networks across vertical sectors such as oil & gas, automotive, manufacturing, healthcare and other industries
  • Increased need to boost system efficiency and easy implementation of the industrial wireless sensor networks
  • The advantages such as its easy-to-use and application-specific nature, further drive its adoption

The factors holding the Wireless Sensor Networks Market back include-

  • Increasing data security and privacy concerns is a key factor that hinders the growth of the market

MARKET SEGMENTATION

  1. Wireless Sensor Networks Market by Offering
  • Hardware
  • Software
  • Services
  1. Wireless Sensor Networks Market by Sensor Type
  • Ant
  • Bluetooth
  • Bluetooth Smart/Bluetooth Low Energy (BLE)
  • Zigbee
  • Wireless Fidelity (Wi-Fi)
  • Near-Field Communication (NFC)
  • Cellular Network
  • Wireless Highway Addressable Remote Transducer (WHART)
  • Global Navigation Satellite System (GNSS) Module
  • ISA100
  • Bluetooth/ Wlan
  1. Wireless Sensor Networks Market by Connectivity Type
  • Ambient Light Sensors
  • Motion and Position Sensors
  • Temperature Sensors
  • Heart Rate Sensors
  • Pressure Sensors
  • Inertial Measurement Units (IMU)
  • Accelerometers
  • Blood Glucose Sensors
  • Image Sensors
  • Humidity Sensors
  • Carbon Monoxide Sensors
  • Blood Oxygen Sensors
  • Flow Sensors
  • Level Sensors
  • Chemical Sensors
  • Electrocardiogram (ECG) Sensors
  • Others
  1. Wireless Sensor Networks Market by End User Industry
  • Building Automation
  • Wearable Devices
  • Healthcare
  • Automotive & Transportation
  • Industrial
  • Oil & Gas
  • Retail
  • Agriculture
  • Aerospace & Defense
  • Banking, Financial Services, and Insurance
  1. Wireless Sensor Networks Market by Region
  • North America
  • Europe
  • Asia-Pacific
  • Middle East and Africa
  • Latin America

Oil & Gas is one of the fastest-growing application areas for WSNs, as these networks are set up at difficult sites, such as offshore natural gas fields, to detect oil flow and leakage in oil and gas pipelines. Wireless sensor networks are becoming important for companies that need real-time access to data on their plant environment, processes and equipment to avoid disruption.

KEY MARKET PLAYERS:

ABB Ltd., STMicroelectronics, Honeywell International Inc., Texas Instruments, Inc., Siemens AG, Endress+Hauser AG, Linear Technology Corporation, NXP Semiconductors, Schneider Electric, and Emersion Electric are some of the key players operating in the Wireless Sensor Networks Market.

RESEARCH METHODOLOGY:

The research done takes place in two phases namely-

Secondary Research The first phase of the research process is an extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. An extensive secondary research helps in generating hypothesis and identifying critical areas of interest that are investigated through primary research.

Primary Research This entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps. A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market. Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies.

Research Report Key Highlights:

  • Current and future market perspectives for Wireless Sensor Networks Market in developed and emerging markets.
  • Analyze different market perspectives using the analysis of five Porter forces
  • The segment that is expected to dominate the market.
  • Regions that are expected to grow faster during the forecast period.
  • Identify the latest developments, market shares, and strategies of key market participants.

1. Introduction                 

                1.1 Market Definition    

                1.2 Study Deliverables  

                1.3 Base Currency, Base Year and Forecast Periods          

                1.4 General Study Assumptions

2. Research Methodology                           

                2.1 Introduction               

                2.2 Research Phases      

                                2.2.1 Secondary Research

                                2.2.2 Primary Research

                                2.2.3 Econometric Modelling

                                2.2.4 Expert Validation

                2.3 Analysis Design         

                2.4 Study Timeline          

3. Overview                       

                3.1 Executive Summary

                3.2 Key Inferences         

                3.3 Epidemology              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                    

                4.1 Market Drivers          

                4.2 Market Restraints    

                4.3 Key Challenges         

                4.4 Current Opportunities in the Market              

5. Market Segmentation                              

                5.1 Offering       

                                5.1.1 Introduction

                                5.1.2 Hardware

                                5.1.3 Software

                                5.1.4 Services

                                5.1.5 Y-o-Y Growth Analysis, By Offering

                                5.1.6 Market Attractiveness Analysis, By Offering

                                5.1.7 Market Share Analysis, By Offering

                5.2 Sensor Type               

                                5.2.1 Introduction

                                5.2.2 Ant

                                5.2.3 Bluetooth

                                5.2.4 Bluetooth Smart/Bluetooth Low Energy (BLE)

                                5.2.5 Zigbee

                                5.2.6 Wireless Fidelity (Wi-Fi)

                                5.2.7 Near-Field Communication (NFC)

                                5.2.8 Cellular Network

                                5.2.9 Wireless Highway Addressable Remote Transducer (WHART)

                                5.2.10 Global Navigation Satellite System (GNSS) Module

                                5.2.11 ISA100

                                5.2.12 Bluetooth/ Wlan

                                5.2.13 Y-o-Y Growth Analysis, By Sensor Type

                                5.2.14 Market Attractiveness Analysis, By Sensor Type

                                5.2.15 Market Share Analysis, By Sensor Type

                5.3 Connectivity Type    

                                5.3.1 Introduction

                                5.3.2 Ambient Light Sensors

                                5.3.3 Motion and Position Sensors

                                5.3.4 Temperature Sensors

                                5.3.5 Heart Rate Sensors

                                5.3.6 Pressure Sensors

                                5.3.7 Inertial Measurement Units (IMU)

                                5.3.8 Accelerometers

                                5.3.9 Blood Glucose Sensors

                                5.3.10 Image Sensors

                                5.3.11 Humidity Sensors

                                5.3.12 Carbon Monoxide Sensors

                                5.3.13 Blood Oxygen Sensors

                                5.3.14 Flow Sensors

                                5.3.15 Level Sensors

                                5.3.16 Chemical Sensors

                                5.3.17 Electrocardiogram (ECG) Sensors

                                5.3.18 Others

                                5.3.19 Y-o-Y Growth Analysis, By Connectivity Type

                                5.3.20 Market Attractiveness Analysis, By Connectivity Type

                                5.3.21 Market Share Analysis, By Connectivity Type

                5.4 End User Industry    

                                5.4.1 Introduction

                                5.4.2 Building Automation

                                5.4.3 Wearable Devices

                                5.4.4 Healthcare

                                5.4.5 Automotive & Transportation

                                5.4.6 Industrial

                                5.4.7 Oil & Gas

                                5.4.8 Retail

                                5.4.9 Agriculture

                                5.4.10 Aerospace & Defense

                                5.4.11 Banking, Financial Services, and Insurance

                                5.4.12 Y-o-Y Growth Analysis, By End User Industry

                                5.4.13 Market Attractiveness Analysis, By End User Industry

                                5.4.13 Market Share Analysis, By End User Industry

6. Geographical Analysis                              

                6.1 Introduction               

                                6.1.1 Regional Trends

                                6.1.2 Impact Analysis

                                6.1.3 Y-o-Y Growth Analysis

                               

                               

                               

                               

                               

                                6.1.4  Market Attractiveness Analysis

                               

                               

                               

                               

                               

                                6.1.5  Market Share Analysis

                               

                               

                               

                               

                               

                6.2 North America          

                                6.1.1 Introduction

                                6.1.2 United States

                                6.1.3 Canada 

                6.3 Europe         

                                6.2.1 Introduction

                                6.2.2 U.K

                                6.2.3 Spain

                                6.2.4 Germany

                                6.2.5 Italy 

                                6.2.6 France

                6.4 Asia-Pacific 

                                6.3.1 Introduction

                                6.3.2 China 

                                6.3.3 India 

                                6.3.4 Japan 

                                6.3.5 Australia

                                6.3.6 South Korea

                6.5 Latin America             

                                6.4.1 Introduction

                                6.4.2 Brazil

                                6.4.3 Argentina

                                6.4.4 Mexico

                                6.4.5 Rest of Latin America

                6.6 Middle East & Africa

                                6.5.1 Introduction

                                6.5.2 Middle-East

                                6.5.3 Africa

7. Strategic Analysis                       

                7.1 PESTLE analysis         

                                7.1.1 Political

                                7.1.2 Economic

                                7.1.3 Social

                                7.1.4 Technological

                                7.1.5 Legal

                                7.1.6 Environmental

                7.2 Porter’s Five analysis              

                                7.2.1 Bargaining Power of Suppliers

                                7.2.2 Bargaining Power of Consumers

                                7.2.3 Threat of New Entrants

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry

8. Market Leaders' Analysis                        

                8.1 ABB Ltd        

                                8.1.1 Overview

                                8.1.2 Product Analysis

                                8.1.3 Financial analysis

                                8.1.4 Recent Developments

                                8.1.5 SWOT analysis

                                8.1.6 Analyst View

                8.2 STMicroelectronics  

                8.3 Honeywell International Inc

                8.4 Texas Instruments Inc           

                8.5 Siemens AG

                8.6 Endress+Hauser AG

                8.7 Linear Technology Corporation          

                8.8 NXP Semiconductors              

                8.9 Schneider Electric    

                8.10 Emersion Electric   

9. Competitive Landscape                           

                9.1 Market share analysis            

                9.2 Merger and Acquisition Analysis       

                9.3 Agreements, collaborations and Joint Ventures         

                9.4 New Product Launches         

10. Market Outlook and Investment Opportunities                         

Appendix                           

                a) List of Tables

                b) List of Figures              

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Wireless Sensor Networks Market By Region, From 2019-2014 ( USD Billion )
  2. Global Wireless Sensor Networks Market By Offering, From 2019-2014 ( USD Billion )
  3. Global Hardware Market By Region, From 2019-2014 ( USD Billion )
  4. Global Software Market By Region, From 2019-2014 ( USD Billion )
  5. Global Services Market By Region, From 2019-2014 ( USD Billion )
  6. Global Wireless Sensor Networks Market By Sensor Type, From 2019-2014 ( USD Billion )
  7. Global Wireless Sensor Networks Market By Connectivity Type, From 2019-2014 ( USD Billion )
  8. Global Wireless Sensor Networks Market By End User Industry, From 2019-2014 ( USD Billion )
  9. Global Building Automation Market By Region, From 2019-2014 ( USD Billion )
  10. Global Wearable Devices Market By Region, From 2019-2014 ( USD Billion )
  11. Global Healthcare Market By Region, From 2019-2014 ( USD Billion )
  12. Global Automotive & Transportation Market By Region, From 2019-2014 ( USD Billion )
  13. Global Industrial Market By Region, From 2019-2014 ( USD Billion )
  14. Global Oil & Gas Market By Region, From 2019-2014 ( USD Billion )
  15. Global Retail Market By Region, From 2019-2014 ( USD Billion )
  16. Global Agriculture Market By Region, From 2019-2014 ( USD Billion )
  17. Global Aerospace & Defense Market By Region, From 2019-2014 ( USD Billion )
  18. Global Banking, Financial Services, and Insurance Market By Region, From 2019-2014 ( USD Billion )

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