Overview of the global wireless sensors market

Market research analysts at Technavio predict that the global wireless sensors market will grow steadily during the next four years and post a CAGR of close to 20% by 2021. This market research analysis identifies the replacement of wired sensors as one of the primary growth factors for this market. Industries are replacing wired sensors with their wireless substitutes as it allows the industries to achieve both cost and energy efficiency. Moreover, the wireless sensors do not require any wirings, which eliminates the need for extra ducts for installation, which reduces the operational costs and increases profitability for industries.

One of the latest trends that will gain traction in the wireless sensors market in the coming years is the emergence of energy harvesting devices to power wireless sensors. Wireless sensors operate on the energy generated by slight mechanical motion, degrees of heat, and lighting thus allowing manufacturers to conserve and store energy.

Competitive landscape and key vendors

Due to the presence of several large and small scale vendors, this market appears to be highly fragmented. Vendors compete based on four main factors such as innovation, quality, performance, and support services. The top tier vendors use licensed networks as it increases reliability and security, while the other vendors use unlicensed networks with the intention of creating a common platform for all the players in the market.

The leading vendors in the market are -

• ABB
• Honeywell Process Solutions
• General Electric
• Siemens
• Yokogawa Electric

The other prominent vendors in the market include Ambient Micro, Aruba Networks (Hewlett-Packard Enterprise), Atmel, BAE Systems, Bosch, Cisco Systems, Drägerwerk, Dust Networks, EnoCean, NXP Semiconductor (Freescale Semiconductor), Gastronics, Industrial Scientific Corporation (ISC), Microsemi Corporation, Microstrain, Mitsubishi Electric, OmniVision Technologies, OMRON, Rockwell Collins, Schneider Electric, Silicon Laboratories, STMicroelectronics, and Thermo Fisher Scientific.  

Segmentation by product and analysis of the wireless sensors market

• Temperature and humidity sensors
• Pressure and flow sensors
• Acoustic sensors
• Gas and chemical sensors
• Electrical and magnetic sensors
• Biosensors
• Motion and surveillance sensors

During 2016, the motion and surveillance sensors segment accounted for the major shares and dominated this market. Wireless motion and surveillance sensors are used in almost every sector including industrial, retail, home automation, or oil and gas industries. The sensors are used for monitoring the environment inside the house, surrounding environment, equipment status, process monitoring, and many other applications. Additionally, with no outage issues motion and surveillance sensors can also keep a constant watch on the surroundings, which will also propel the demand for the use of these sensors during the forecast period.

Geographical segmentation and analysis of the wireless sensors market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market by 2021. North America is home to several MNCs that making massive investments in Internet of Things (IoT) and industrial IoT (IIoT) in the mission to increase productivity, product tracking throughout its life cycle, and delivery of high-quality products. Wireless sensors are components of the IWSN (Industrial wireless sensor network) that tracks the usage of materials while monitoring temperature and ambient pressure in the plant and is likely to maintain its market leadership during the forecast period.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global wireless sensors wireless sensors market?
• What are the key market trends impacting the growth of the global wireless sensors market?
• What are the challenges to market growth?
• Who are the key vendors in the global wireless sensors market?
• What are the market opportunities and threats faced by the vendors in the global wireless sensors market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global wireless sensors market? 

Technavio also offers customization on reports based on specific client requirement.

With the miniaturization of electronic devices and the rising awareness about the benefits of the integration of wireless networks for applications such as data transmission, the coming years will  witness an increased adoption of wireless sensors, especially by the healthcare sector. With a number of established vendors equally competing to enhance their revenue shares, the market is quite competitive and creates the need for an in-depth analysis to sustain market competition. The upcoming market study report from Technavio on wireless sensors for the forecast period of 2017 to 2021 will also help businesses in the market space develop sustainable strategies for growth. By analyzing all the factors that play a considerable role in the growth of the sensors sector, industry research experts from Technavio provide detailed insights on the markets for various products and services. In addition to identifying factors that will challenge the growth of vendors in the global and regional markets, Technavio’s market research reports also provide detailed information on all the major vendors who have established a significant presence in the global hardware and semiconductor industry.

Aimed at meeting the specific requirements of clients in the market space, Technavio’s upcoming market   research report on wireless sensors also takes into account the growth of other similar markets such as ultrasonic sensors and industrial wireless sensor network, which are expected to grow at a CAGR of about 14% and around 15%, respectively during the period 2016 to 2020. Analysts predict that the rising security concerns due to the simultaneous operation of multiple networks will be a major factor driving the demand for wireless sensors in the coming years. To help businesses identify new growth opportunities, Technavio also offers customized reports that provide detailed information on the growth of niche market segments and the demand for products across various geographical regions.

By considering various parameters including the shift in customer preferences and technological advancements, the upcoming report for wireless sensors offers a realistic picture of the future direction of the hardware and semiconductor industry.