Wireless Sensor Network Market Analysis:
Wireless sensor devices are used for communication of information about physical or environmental conditions such as pressure, sound, temperature, etc. It is used across different industry domains, which is likely to prompt the growth of the wireless sensor network market in the years to come.
According to the finding offered by Market Research Future (MRFR), the global Wireless Sensor Network Market is poised to mark 14% CAGR during the forecast period 2016 to 2022. It also suggests that the market is estimated to earn revenues amounting to USD 1.5 Bn by 2022.
Increasing adoption of automation in industries is projected to drive the growth of the wireless sensor network market in the upcoming years. In addition, the development of smart technologies is also prognosticated to reflect on the growth curve of the market across the forecast period. Rising investments in research & development for innovations in the sensor industry is projected to further act as a growth catalyst for the wireless sensor network market.
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Wireless Sensor Network Market Competitive Dashboard:
ABB Ltd. (Switzerland), Emerson Electric Co. (U.S.), Endress+Hauser AG (Switzerland), General Electric Company (U.S.), Honeywell International Inc. (U.S.), ST Microelectronics (Switzerland), Siemens AG (Germany), Yokogawa Electric Corporation (Japan), Texas Instruments (U.S.), and Schneider Electric SA (France) are some of the top-notch players of the global wireless sensor network market.
The developments in the technology are anticipated to drive the competitiveness over the next couple of years. In addition, rising levels of production and investments in regional expansion are prognosticated to catalyze competition in the wireless sensor network market over the forecast period.
Wireless Sensor Network Market Segmentation:
- Based on Application, the wireless sensor network market has been segmented into oil & gas, entertainment, transport, precision agriculture, military, food & beverage, mining, healthcare, environment monitoring, and others.
- By sensors, the wireless sensor network market has been segmented into pressure, humidity, temperature, image & surveillance, flow, and others.
- On the basis of technologies, the wireless sensor network market has been segmented into Bluetooth, Wi-Fi, WirelessHART, and others.
- Based on type, the wireless sensor network market has been segmented into underwater, multimedia, terrestrial, underground, and mobile WSNs, and others.
- On the basis of topologies, the wireless sensor network market has been segmented into tree, star, and mesh topologies.
Wireless Sensor Network Market Regional Analysis:
The regional evaluation of the global wireless sensor network market identifies four key regions- North America, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA). These regions are further analyzed on the basis of country-level markets present. North America is dominating the global market and is assessed to remain at the dominant position over the next couple of years.
The rising adoption of WSN in the U.S. military is projected to lead the expansion of the wireless sensor network market in the region. The players based out of the region such as Honeywell, Emerson, etc. are further anticipated to add to the revenues of the regional market in the years to come.
In October 2019, Apple, a multinational technology company, has announced the launch of its new air pods embedded with force sensors.
In October 2019, Donaldson Company, Inc., a vertically integrated filtration company, has announced the launch of its wireless Filter Minder® monitoring system. It is designed for truck air filters and is added to Geotab’s fleet management platform. The product uses wireless sensor for transmitting filtration performance information to a receiver.
In October 2019, Google LLC, an American multinational technology company, has announced the launch of New Pixel Phone embedded with motion sensors that can detect movement around the phone.
Table of Contents
1. Report prologue
2.2 Scope of the study
2.2.1 Research objective
2.3 Market structure
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List of Tables
Table 1Global Wireless Sensor Network Market (Usd Billion)
Table 2 Global Wireless Sensor Network Market, By Technologies
Table 3 Global Wi-Fi Markets, By Region
List of Figures
Figure 1 Research Process
Figure 2 Drivers of Global Wireless Sensor Network Market
Figure 3 Global Wireless Sensor Network Market: By Technologies (%)
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