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Wireless Sensors Market Segmentation By Product Analysis (Pressure Sensor, Temperature Sensor, Biosensors, Motion & Positioning Sensor, Humidity Sensors, Level Sensors, Gas Sensors, and Others), By Application (Environmental Monitoring and Agricultural Monitoring), By Technology (Wi-Fi, Bluetooth, Zigbee, RFID, and Others), and By End-Use Industry (Defense, Automotive, Food & Beverages, Healthcare, Energy & Utilities, and Others) Industry Forecast | 2022 to 2027

Published: March, 2023
ID: 9967
Pages: 175
Formats: report pdf report excel report power bi report ppt

Market Overview

The Global Wireless Sensors Market is deemed to expand in a considerable way during the forecast period. It is predicted that the target market will valued around USD 10.41 billion by 2026 from USD 7.28 billion in 2021, growing at a stunning CAGR of 24.2% over the period of 2022 - 2027. A wireless sensor is a conventional measurement tool that was equipped with transmitters for converting signals into a radio transmission from process control instruments.

The major influencing factor that was pushing the limits of the Global Wireless Sensors Market is the advancements in the technologies that have been significantly improving the overall performance of these sensors. Also, the market was witnessing the rapid growth of these wireless sensors applications portfolio.

Recent Developments

  • STMicroelectronics, one of the major players of the Global Wireless Sensor Market, has announced that it has joined hand with the Zhaga Consortium for deploying the NFC technology in the industrial lighting market.
  • Meridian Bioscience, Inc., subsidiary of the Meridian Environmental Technology, Inc., has announced that it has completed the acquisition of Exalenz Bioscience Ltd. which is an Israel-based provider of the BreathID® Breath Test Systems.

Drivers and Restraints of Wireless Sensors Market

The growth in the demand for miniaturized electronic gadgets and the communication capabilities that are improved across the world are the major aspects for the expansion of the Global Wireless Sensors Market. Furthermore, increasing application areas and vertical for these wireless sensors are other factors that were boosting the growth of the target market during the outlook period.

However, the restraints such as limited bandwidth of wireless sensors, the constant change of the regulatory environment, and the increase of the costs that are expected to hamper the growth of the Global Wireless Sensors Market during the evaluated period.

Nonetheless, growing investments on the R&D activities for improving the reliability and accuracy of these wireless sensors are creating lucrative growth opportunities for the expansion of the players in the global wireless sensors business.

Market Segmentation of Wireless Sensors Market

And based on the product outlook, the global Wireless Sensors market is segmented into Pressure Sensor, Temperature Sensor, Biosensors, Motion & Positioning Sensor, Humidity Sensors, Level Sensors, Gas Sensors, and Others.

In the technological outlook, the global Wireless Sensors market is segmented as Wi-Fi, Bluetooth, Zigbee, RFID, and Others.

In the application segmentation, the global Wireless Sensors Market is segmented into environmental monitoring and agricultural monitoring. Of these, the environmental monitoring segment is sub-segmented into fire detection, flood detection, water management, and ambient air & greenhouse gas emissions monitoring. And the agricultural monitoring segment is sub-segmented into crop growth monitoring, soil monitoring, pest & disease detection, precision irrigation & water management, and vehicular movement & management.

And on the end-user outlook, the global Wireless Sensors market is segmented into Defense, Automotive, Food & Beverages, Healthcare, Energy & Utilities, and Others.

Wireless Sensors Market Region wise analysis

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

In the regional analysis of the Global Wireless Sensors Market, North America held the major share of the target market's revenue. The significant factor that was driving the growth of the wireless sensors market in this region is the presence of the firms such as Texas Instruments, Rockwell Automation, etc., in the US. Moreover, the substantial growth in the defense budget of this country is boosting the growth of the target market in North America, owing to the demand for these wireless sensors in the defense industry. And also the other investments on the advancements of these sensors in this region are expected to fuel the growth of the North America wireless sensors market during the forecast period.

Also, the European regional wireless sensors market is estimated to be the second-largest regional market, globally, when it is of a revenue aspect. The major driver that was driving the growth of the target market in this region is the rising demand for these wireless sensors in the healthcare sector, which is thriving in this locale. The demand for these sensors in this sector is due to the healthcare organizations focusing on the investments in the latest advancements for providing better healthcare services to a patient. Whereas, the major contributors to Europe's regional wireless sensors market are the UK, France, and Germany. And the other key factor that was pushing the growth of the target market in these countries is the usage of these sensors by automotive manufacturers for reducing ash & soot emissions and the ability to improve the fuel efficiency of a vehicle. This growth of the market in Germany is attributed to the presence of the major automobiles manufacturers like Volkswagen, BMW, Mercedes-Benz, etc.

Key Players of Wireless Sensors Market

The key players of the Global Wireless Sensors Market includes American Sensor Technologies, Inc., (U.S.), ASM Automation Sensornik Messtechnik GMBH, (Germany), Automata, Inc., (U.S.), Avir Sensors, (U.S.), BioForce Nanosciences Holdings, Inc., (U.S.), Coastal Environmental Systems, Inc., (U.S.), E.S.I. Environmental Sensors Inc., (Canada), Measurement Specialties Inc., (U.S.), MEMSIC Inc., (U.S.), Meridian Environmental Technology, Inc., (U.S.), STMicroelectronics N.V., (Switzerland), Sutron Corporation, (U.S.), The Toro Company, (U.S.), Vaisala Oyj, (Finland), and YSI Incorporated, (U.S.).

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