Future Market Insights
In addition to being a rapidly growing field, the increasing interest of manufacturers in research and development of more efficient Wireless sensors, which indirectly will contribute to an improved lifestyle is the demand of the fast-paced world. The spur in the market for wireless sensors comes from the need for monitoring and analysing real-time data. The working of Wireless sensors involves the conversion of physical data sensed to electrical signals to portray physical variations or error signals in the device or instrument.
Out of the wide range of applications of wireless sensors, ambient light sensors had the largest market share last year. They are used in automatic doors and access systems, elevators, escalators, and lighting control systems. One of the applications of ambient light sensors is in building automation which has sensed the highest growth in the past ten years. As improved energy efficiency, low operating cost, and better indoor environment result in high-performance buildings, which every individual would want to live in, creating the most attractive segment in wireless sensors industry.
Global Market of Wireless sensors: Drivers and Restraint
Development of cheaper, smarter, and smaller wireless sensors, expanding market for smart and wearable devices, increasing the need for real-time computing of applications, and surge in demand for IoT sensors for various applications such as sensing, recognition, and interpretation are the key factors contributing to the spur in the Wireless sensors market growth. Every day technological research and improvements in the Wireless sensors technology are the key factors leading to a rapid growth in the market. The wide range of applications of wireless sensors including forest fire detection, flood detection, water management, ambient air and greenhouse gas emission monitoring, soil monitoring, pest and disease detection, precision irrigation and water management, vehicular movement and management, in nearly all walks of life is encouraging manufacturers to manufacture more technologically efficient and error free Wireless sensors leading to wide adoption of sensors by industries. Also, the automation and industrial robots require a large number of wireless sensors, which is expected to drive the market.
The wireless sensors market possesses a high growth potential, but lack of technical standardization ofwireless sensors is a factor which may lead to hindrance in the market growth. Also, the high cost of the wireless sensors may result in decreased adoption by the small scale industries while large scale industries still are expected to contribute in driving the wireless sensors market growth.
Global Market of Wireless sensors: Segmentation
Segmentation on basis of Type:
The Wireless sensors services can be segmented into:
Ambient Light Sensors
Motion & Position Sensors
Heart Rate Sensors
IMUs (6-Axis, 9-Axis)
Blood Glucose Sensors
Carbon Monoxide Sensors
Blood Oxygen Sensors
Others (MRR, Ultrasonic Sensors, Vehicle Detection Sensors, Pedestrain Presence Sensors, Speed Sensors, Soil Moisture Sensors)
Segmentation on basis of End-user:
The major segments of Wireless sensorsend-user in this market include:
Automotive & Transportation
Oil and Gas
Aerospace & Defense
Segmentation on basis of Connectivity Type:
The major segments of Wireless sensorsconnectivity in this market include:
Segmentation on basis of regions:
The Wireless sensors market is sub-segmented into 7 key regions- North America, Latin America, East Europe, West Europe, Asia-Pacific excluding Japan, Japan and Middle East & Africa.
Currently, North America dominates the Wireless sensorsmarket, the main reasons being: increased R&D in the field of IoT, in terms of new and improved technologies, as well as the rising demand for an improved lifestyle. While the Wireless sensors market in APAC is expected to grow at the fastest rate due to the presence of several manufacturing plants in China, and the growth of the automotive industry in this region. Europe follows with an expected high growth rate in the upcoming years.
Global Market of Wireless sensors: Key Players
ABB, Adaptive Energy, Ambient Micro, Apprion, Aruba Networks, Atmel, BAE Systems, BSC Computer, Cardiomems, Chevron, Cymbet, Dust Networks, ELTAV,Ember, Emerson, Enocean, Gastronics, Greenpeak, Microstrain are some of the key players in the Wireless sensors market.
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