The Global Wireless Sensor Network Market is growing with the rapid pace; mainly due to the increasing demand for remote monitoring and growing market. According to a recent study report published by the Market Research Future, the global market of Wireless Sensor Network is growing rapidly and expected to gain prominence over the forecast period.
To monitor physical and environmental conditions a group of specialized transducers connected to various autonomous devices using sensors is referred to Wireless Sensor Network. The growing demand for Wireless Sensor Network in consumer electronics market, is further driving growth of the global Wireless Sensor Network markets. The growth and advancements in the field of electronics, wireless communications, networking, cognitive and affective computing and robotics in result is boosting the Wireless Sensor Network Market. The technologies which would fasten the communications, heavy data storage capacities and highly interwoven connections among the devices would be the future of electronics and the embedded technologies lies in this advancements. Therefore it is expected that Wireless Sensor Network market would grow significantly in the coming years.
Major Key Players:
ABB Ltd. (Switzerland), 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), Texas Instruments (U.S.), Yokogawa Electric Corporation (Japan), and Schneider Electric SA (France) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Wireless Sensor Network Market.
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Feb 2018 – Radiocrafts AS, a leading provider of RF modules and wireless connectivity solutions has announced a new Sensor Board development tool with integrated environmental and industrial sensors, supporting Wireless M-Bus and Sigfox networks. The new board is ideal for proof-of-concept of Wireless Sensor Networks (WSN) and Low Power Wide Area Network (LPWAN) with wireless sensors.
Jan 2018- Singapore Technologies Electronics (ST Electronics) has announced that its unit, Telematics Wireless, has been awarded a contract worth US$72 million for the supply of a smart sensor network to Israeli wireless automatic meter manufacturer Arad Technologies. The AMR radio transceivers will be deployed with Arad’s AMR solutions in various global markets would be supplied through this contract and together with Arad’s smart management software it would also provide precise monitoring of all utility vital signs, and would alert utility providers to faults such as leakages.
Wireless Sensor Network Global Market Competitive Analysis:
The Market of Wireless Sensor Network appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through extensive research and development. Competitors are also focusing towards customer satisfactions and innovation as the major focus for maintaining the market positions.
Many start-ups are targeting small and medium business to provide budget friendly and effective Wireless Sensor Network solutions to the large players in the electronics industry. On the other hand, large players are focusing towards production of innovative products and focusing towards strategic partnerships. Many players are focusing towards new product development and innovation to maintain their market positions.
Wireless Sensor Network Global Market Segmentation:
The Wireless Sensor Network Market can be segmented in to 6 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Technologies: Wi-Fi, WirelessHART and Bluetooth among others
Segmentation By Sensors: Pressure, Temperature, Flow, humidity, and image & surveillance among others
Segmentation By Type: Terrestrial, Underground, Underwater, Multimedia, and Mobile WSNs among others.
Segmentation By Topologies: Star, Tree and Mesh topologies.
Segmentation by Application: Oil & gas, Industrial, Entertainment, Transport, Precision Agriculture, Military, Food & beverage, Mining, Healthcare, and Environment Monitoring among others.
Segmentation by Regions: North America, Europe, Asia-Pacific and Rest of the world
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Wireless Sensor Network Global Market Regional Analysis:
North America is dominating the Global Wireless Sensor Network Market with the largest market share due to adoption of WSN by the military and other industries. North America has been a leader in digitization and also the rising IoT market is boosting the market in this region. Apart from it the presence of major players like Emerson electric and others in North America region have fuelled the market in this region. Asia Pacific region is growing with high growth rate. Countries like China and Japan are some major countries dominating the market.
China is considered as the electronic hub and maximum adoption of Wireless Sensor Network is exhibited in the market. Wireless Sensor Network market in Europe region is expected to grow at a substantial CAGR during 2017 to 2023 owing to the increasing commercialization in this region. The European market for Wireless Sensor Network Market is expected to grow at a considerable CAGR (2017-2023).
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