Global Industrial Wireless Sensor Network Market 2016-2020

The global industrial wireless sensor network (IWSN) market report provides an analysis of the market by technology standards, end-user, wireless sensors, and geographical regions. The report also provides an analysis of the market’s competitive landscape and offers information on several companies including ABB, Honeywell Process Solutions, Linear Technologies, NXP Semiconductor, Schneider Electric, Siemens, STMicroelectronics, Texas Instruments, and Yokogawa Electric.

The infographic below contains key findings from our analysis of the industrial wireless sensor network (IWSN) market   

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Overview of the global industrial wireless sensor network (IWSN) market

Technavio’s industrial wireless sensor network (IWSN) market forecast report has predicted that the market will grow impressively during the predicted period and will post a CAGR of almost 15% by 2020. Operational efficiency comes as the key for the market players to sustain in the highly competitive industrial environment, which has induced industries across the globe to focus more on automation technologies. Automation enables industries to efficient monitor, control, and manage processes, and in turn, achieving operational efficiency. Automation is achieved by deploying industrial robots which help in maximizing productivity and also reducing manufacturing errors. Automation and industrial robots require a number of wireless sensors and the rise in demand for automation and robotics in industries will lead to the rise in demand for IWSNs.

Though the Americas currently dominate the market, the coming years will witness an exponential increase in the demand for IWSNs from APAC and this region will dominate the industry during the later years of the forecast period and will account for almost 34% of the total shares of the market by 2020. The presence of several manufacturing plants in China, the growth of the oil and gas, metals and mining, and aerospace industries in India, and the growth of the automotive industry will fuel the demand for wireless sensors networks from this region.

Competitive landscape and key vendors

The market is characterized by the presence of a large number of wireless sensor network companies, both large scale, and small scale and appears to be highly fragmented. The market is highly competitive, and the lack of technological standardization will further intensify the level of competition in the market. Vendors normally compete on the basis of their ability to provide user-friendly IWSNs that are technologically advanced and help end-user industries to maximize their productivity. Well-established players cater to the needs of multinational companies while the smaller regional or local players cater to the needs of the SMEs and small scale industries. The market is highly innovation-driven, and vendors are constantly increasing their investments in developing low-power and low-energy-consumption wireless sensors and also in enhancing the battery life of their wireless sensors.

According to the industrial wireless sensor network (IWSN) market analysis report, the major vendors in the market are -

• ABB
• Honeywell Process Solutions
• Linear Technologies
• NXP Semiconductor
• Schneider Electric
• Siemens
• STMicroelectronics
• Texas Instruments
• Yokogawa Electric

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Segmentation by technology standards and analysis of the IWSN market

• Bluetooth
• ISA 100.11a
• WirelessHART
• Wi-Fi
• ZigBee

During 2015, the ZigBee sensors segment was the major contributor to the growth of the market and accounted for about 30% of the total market share. This technology is used to establish personal area networks (PANs) with small and low-power digital radios and proves to be cost-efficient than other wireless PANs. It is used in a variety of applications of wireless sensor networking such as wireless light switches, electrical meters, traffic management systems, and many other industrial applications that require wireless data transfer within a short distance.

Segmentation by end-user and analysis of the IWSN market

• Automotive
• Food and beverage
• Metals and mining
• Oil and gas
• Waste management

Applications of wireless sensor networks enable industries to monitor efficiency and easily implement effective processes. This enables them to achieve operational and energy efficiency and in turn, increase productivity. The rising demand for oil and gas from several countries across the globe and the need to increase operational efficiency and productivity will fuel the growth of the market in this industrial sector. As a result, this industry will account for more than 20% of the total shares of the market by 2020 and will also be the major contributor to the IWSN market throughout the forecast period.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global industrial wireless sensor network market?
• What are the key market trends impacting the growth of the global industrial wireless sensor network market?
• What are the challenges to market growth?
• Who are the key vendors in the global industrial wireless sensor network market?
• What are the market opportunities and threats faced by the vendors in the global industrial wireless sensor network market?
• Trending factors influencing the market shares of the Americas, APAC, EMEA, and ROW.
• What are the key outcomes of the five forces analysis of the global industrial wireless sensor network market?

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