Wireless Sensors Market to Grow at 20.58% CAGR in Terms of Revenue to 2019

“The industrial segment is the largest contributor in terms of revenue to the wireless sensors market.”
The wireless sensors market by types (temperature sensors, pressure sensors, level sensors, flow sensors, humidity sensors, biosensors, gas sensors, surveillance and security sensors, motion and positioning sensors and other wireless sensors) and end-user (industrial, energy, agriculture, defence, medical, office & residential users and others) 2015 – 2019 forecasts and analysis.

The analysts forecast global wireless sensors market to grow at a CAGR of 20.58% in terms of revenue over the period 2014 – 2019. Though the adoption of wireless is slow, the market is gaining traction. The list of competitors in the wireless sensors and networks market is long, and most of the vendors are a part of the ZigBee Alliance. It is majorly the automation sector that is at the forefront of developing wireless monitoring and control products.

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Commenting on the report, an analyst said: “The industry is witnessing high investments toward R&D in order to innovate and improve the use of this technology. Another important trend is the use of energy-harvesting devices for powering wireless sensors. This is expected to conserve large amounts of energy and provide return on investment. Overall, the global wireless sensors market is likely to grow at a healthy rate during the forecast period.”

According to the report, the market is expected to be driven by a number of factors that will help the market to grow during the forecast period. These factors include the rapid adoption rate of smart devices. These smart devices assist in easy network setup using technologies such as Bluetooth and Wi-Fi support, thus eliminating the need for setting up additional gateways or bridges.

Further, the report states that the poor interoperability of sensors is expected to affect the market as most device manufacturers use different communication protocols and software. This results in compatibility issues among these devices.

A majority of the market vendors are based out of North America or South Korea and Japan. Competition is high in the market as there is no major player in the market. The potential of the market is very high with the implementation of the internet of things. The following companies are the key players in the Global Wireless Sensors Market: ABB, Honeywell, Yokogawa Electric, Emerson, GE and Siemens.

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Other Prominent Vendors in the market are: Ambient Micro, Aruba Networks, Atmel, BAE, Bosch, Cisco Systems, Draegerwerk, Dust Networks, EnOcean, Freescale, Gastronics, Industrial Scientific, Microsemi, Microstrain Sensing Systems, Mitsubishi Electric, OmniVision, OMRON, Rockwell Collins, Schneider, Silicon Laboratories, STMicroelectronics, Thermo Fisher Scientific, and Vishay Precision Group.

Market segmentation of the global wireless sensors market by

Product Types: Temperature sensors, Pressure sensors, Level sensors, Flow sensors, Humidity sensors, Biosensors, Gas sensors, Surveillance and security sensors, Motion and Positioning sensorsand Other wireless sensors.

The use of biosensors in healthcare applications is expected to grow significantly. It will be used to understand and monitor patient’s diseases and their health. It will emerge as a patient critical tool for monitoring the health of a growing aged population in developed countries. It will also gain prominence in areas such as drug delivery and measurement as per the report.

End-User Segments: Industrial, Energy, Agriculture, Defence, Medical, Office & Residential Users and Others.

The industrial segment is the largest contributor in terms of revenue to the wireless sensors market. This sector has used these sensors for a while, but in recent times, the market has gained some more momentum, thanks to a growing number of SMEs integrating sensors for their operations.

These sensors have made the manufacturing process easier and more efficient. Optimization of technology in wireless sensors means that there will be an improvement in product development and service provision processes. The use of wireless sensors in the industry includes environment sensing, condition monitoring and process automation. The industrial segment emerged as the largest contributor of this market with about 46% of the market share, in 2014.

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