Industrial Wireless Sensor Networks (IWSN) Market by Technology, End-user, and Geography - Forecast and Analysis 2023-2027

  • Published: Apr 2023
  • Pages: 173
  • SKU: IRTNTR75241

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Industrial Wireless Sensor Networks (IWSN) market growth will increase by $4126.03 million during 2023-2027.
The industrial wireless sensor networks (iwsn) market is expected to grow at a CAGR of 14.72% during 2023-2027.
Technavio has segmented the industrial wireless sensor networks (iwsn) market by technology (ZigBee, WirelessHART, ISA-100.11a, Wi-fi, and Bluetooth) ,end-user (Automotive, Food and beverage, Metals and mining, Oil and gas, and Waste management) , and geography (North America, APAC, Europe, South America, and Middle East and Africa).
ABB Ltd., Advantech Co. Ltd., Analog Devices Inc., Banner Engineering Corp., Cisco Systems Inc., Dell Technologies Inc., Emerson Electric Co., Endress Hauser Group Services AG, Honeywell International Inc., Huawei Technologies Co. Ltd., Intel Corp., Lantronix Inc., Schneider Electric SE, Siemens AG, TE Connectivity Ltd., Texas Instruments Inc., Yokogawa Electric Corp., STMicroelectronics NV, NXP Semiconductors NV are a few of the key vendors in the industrial wireless sensor networks (iwsn) market.
APAC will register the highest growth rate of 29.22% among the other regions. Therefore, the industrial wireless sensor networks (iwsn) market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the industrial wireless sensor networks (iwsn) market growth are:
  • Increasing adoption of Industry 4.0 and smart manufacturing processes
  • Adoption of cloud-based IWSN solutions for data storage and analysis
The industrial wireless sensor networks (iwsn) market vendors should focus on grabbing business opportunities from the ZigBee segment as it accounted for the largest market share in the base year.
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