The Global Wireless IoT Sensors Market size is expected to grow from USD 3,399.35 million in 2018 to USD 13,098.40 Million by 2025, at a CAGR of 30.97% during the forecast period. Factors such as increasing demand for IoT devices, growing need for real-time computing for IoT applications, rise in internet penetration rate globally, and reduced size and cost of IoT sensors drive the demand for wireless IoT sensors across the globe.
Wireless IoT sensors is a measuring device that helps detect the change in an environment such as temperature and pressure and transform it into an electric signal. The increasing demand for IoT devices, growing need for real-time computing for IoT applications, rise in internet penetration globally, and reduced size and cost of IoT sensors are the key drivers for the wireless IoT sensors market. However, data security concerns, high latency, and limited bandwidth are expected to restrain market growth during the forecast period.
Based on type, the market has been categorized as temperature sensors, pressure sensors, humidity sensors, flow sensors, magneto sensors, motion sensors, and others. The pressure sensors segment is projected to account for the largest share during the review period; however, the motion sensor segment is expected to register the highest CAGR during the forecast period. The flow sensors segment is also witnessing significant developments. The growing need for increased safety, comfort level, and emission detection ability have resulted in a wide adoption wireless IoT sensors. In 2019, Nanotron Technologies GmbH launched a New line of location-aware wireless IoT sensors for mining, manufacturing, and healthcare industries.
Based on technology, the market has been categorized as Wi-Fi, Bluetooth, NFC, ZigBee, EnOcean, and others. The Wi-Fi segment is projected to account for the largest share during the review period; however, the ZigBee segment is expected to register the highest CAGR during the forecast period. The rise in number of mobile devices and increasing adoption of the bring-your-own-device (BYOD) concept in workplaces drive the demand for wireless IoT sensors.
The global wireless IoT sensors market has been segmented by region, into North America, Europe, Asia-Pacific, and the rest of the world.
North America, followed by Europe, is expected to be the largest market in the forecast period owing to the high concentration of market players and easy availability of proficient technical expertise. Also, the growing adoption of wireless sensors and networks across major applications such as industrial and automotive and transportation are expected to further drive the growth of the wireless IoT sensors market. However, the market in Asia-Pacific is expected to register a significant CAGR during the forecast period.
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The prominent players in the global Wireless IoT Sensors industry are NXP Semiconductors N.V. (Netherland), Analog Devices, Inc. (US), Sensirion AG (Switzerland), Texas Instruments Inc. (US), Infineon Technologies AG (Germany), Sensata Technologies (US), Siemens AG (Germany), Honeywell International Inc. (US), TE Connectivity Ltd. (Switzerland), TDK Corporation (Japan), Broadcom Inc. (US), Murata Manufacturing (Japan), Bosch Sensortec (Germany), STMicroelectronics (Switzerland), and Omron Corporation (Japan).
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