Wireless Sensors Market Analysis North America, APAC, Europe, South America, Middle East and Africa - US, China, Japan, Germany, UK - Size and Forecast 2024-2028

Published: Mar 2024 Pages: 177 SKU: IRTNTR77681

Wireless Sensors Market Forecast 2024-2028 

The wireless sensors market size is projected to increase by USD 28.87 billion at a CAGR of 18.02% between 2023 and 2028. The market's growth rate hinges on various factors, such as the rising adoption of Industry 4.0, the emergence of self-driven car technology, and the increasing demand for IoT devices equipped for residential applications. These factors collectively shape market dynamics, reflecting the ongoing technological advancements and changing consumer preferences driving the market forward. With a focus on innovation and connectivity, the market anticipates sustained growth opportunities in the coming years.

Moreover, the market growth and forecasting report includes key player's detailed analyses of the competitive landscape of the market and information about 20 market companies, including ADT Inc., Advantech Co. Ltd., Emerson Electric Co., General Electric Co., Honeywell International Inc., Infineon Technologies AG, Koninklijke Philips N.V., Laird Connectivity, Legrand SA, Libelium Comunicaciones Distribuidas SL, Lutron Electronics Co. Inc., Microchip Technology Inc., NXP Semiconductors NV, Renesas Electronics Corp., Robert Bosch GmbH, Schneider Electric SE, Sensata Technologies Inc., Siemens AG, Somfy SA, STMicroelectronics International NV, TE Connectivity Ltd., Texas Instruments Inc., Yokogawa Electric Corp., and Broadcom Inc.. Additionally,  ABB Ltd. company offers wireless sensors such as WIOP208 8DC, WSIX100 B50N, and WSIX 100 B50NF.

What will be the Size of the Market During the Forecast Period?

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Market Dynamics 

The market is witnessing rapid growth, driven by the increasing adoption of industrial monitoring and diagnostics solutions. These sensors, including battery-operated motes and sensor nodes, are integrated into various applications, from smart and wearable devices to smart grids and smart cities. They facilitate data monitoring and transmission through a wireless network, enabling remote monitoring of critical infrastructure such as transformers. With the rise of electric cars and self-driving cars, the demand for zero-power wireless sensors is expected to surge, particularly in the energy sources and renewable energy sectors. Our researchers analyzed the market research and growth data with 2023  as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage. 

Key Market Driver

Increasing adoption of Industry 4.0 is the key factor driving the market. Industry 4.0 aims to create smart factories in which machines, systems, and processes communicate and collaborate in real time, resulting in increased efficiency, productivity, and data-driven decision-making. They play an important role in this transformation, providing the connectivity and real-time data required for smart manufacturing. Further, wireless sensors are used throughout the manufacturing process to monitor and collect data on parameters such as temperature, humidity, pressure, and equipment status. These sensors enable predictive maintenance, optimize energy usage, increase overall equipment efficiency (OEE), and allow for quick response to changes in production conditions.

Furthermore, major market players capitalize on the industry 4.0 trend, including Siemens AG, ABB Ltd, Bosch Connected Devices and Solutions GmbH (Robert Bosch GmbH). The aforementioned market players demonstrate the integration of wireless sensor technologies into Industry 4.0 solutions, establishing themselves as key players in the evolving landscape of smart manufacturing. Thus, the increasing relevance of Industry 4.0 in many end-user industries, like the manufacturing industry, is anticipated to fuel market growth during the forecast period.

Significant Market Trends

Emerging wearable technologies is the primary trend shaping the market. Wearable devices have become increasingly popular as a means of improving people's quality of life around the world. Wearable technologies are essentially mobile forms of communication technology that can be attached to a body part and used to track daily activities in addition to providing communication services. It includes smartwatches, smart glasses like Google Glass, smart fabrics, heart rate monitors, and fitness trackers like the Fitbit Surge. Magnetic sensor manufacturers, including Infineon Technologies AG, have begun developing micro-electromechanical systems (MEMS) sensors to support wearable technologies.

Furthermore, rapid advances in biomedical sensors, low-power electronics, and wireless communications have allowed end-users in the healthcare industry to improve healthcare monitoring. The sensors also monitor the weather and air pollutants, providing data on respiratory distress in the community. This has enabled physicians to assess individual health risks accurately. These factors will accelerate market growth during the forecast period.

Major Market Restrain

Growing issues in delivering high-quality networks at low cost is the major challenge that affects the market expansion. One of the primary challenges is the cost of manufacturing components required for advanced wireless sensors, such as precision sensors, dependable communication modules, and efficient processors, which affects the overall cost-effectiveness of deploying sensor networks. Additionally, the deployment and maintenance costs of wireless sensor networks, particularly in large-scale applications, add to economic challenges, necessitating significant infrastructure investments and ongoing maintenance efforts.

Furthermore, compliance with evolving regulatory standards and a shortage of skilled professionals proficient in wireless sensor technologies complicate matters. To ensure the cost-effective integration of wireless sensor networks, industry stakeholders, legislators, and research institutions must work together to overcome these obstacles,  thereby unlocking their potential for efficient data collection, real-time monitoring, and informed decision-making across multiple sectors. Sensors for industrial automation require careful engineering, hand wiring, and expensive components. Thus, such challenges will hamper market growth during the forecast period.

Market Segmentation 

The market is experiencing significant growth, driven by the demand for industrial monitoring and diagnostics solutions. These sensors, such as battery-operated motes, utilize a wireless network to transmit data from various applications, including smart homes and hydraulic brakes. They are integral components of smart and wearable devices and enable remote control functionalities, particularly in PC peripherals and RFID systems.

By End-user

The market share by the building automation segment will be significant during the forecast period. Building automation systems (BASs) employ wireless sensors to monitor and regulate HVAC, lighting, security, and energy consumption. Honeywell International Inc. offers wireless thermostats for precise HVAC control, while Philips Hue provides motion sensors for lighting adjustments.

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The building automation segment showed a gradual increase in the market share of USD 3.44 billion in 2018. Companies like Lutron integrate wireless light sensors for energy-efficient lighting control. ADT Inc. incorporates wireless sensors for security and access control. Wireless technology extends to smart blinds by vendors like Somfy. Siemens AG offers wireless building energy management solutions, and Netatmo provides wireless air quality monitors. These applications highlight wireless sensors' versatility in enhancing building automation and promoting energy efficiency and occupant well-being. The expanding demand for building automation will drive the market growth.

Market Segmentation By Component

The hardware?segment will account for the largest share of this segment.?Wireless sensor hardware comprises sensing elements, processing units, communication modules, and power sources. Sensing elements detect physical phenomena like temperature, humidity, and pressure. Processing units convert raw data into useful information, while communication modules transmit data wirelessly using protocols like Bluetooth and Zigbee. Power comes from batteries or energy harvesting systems. Enclosures protect components from environmental hazards, and antennas enable signal transmission. These components drive the growth of the market during the forecast period. 

Regional Overview

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North America is estimated to contribute 30% to the growth of the global market during the forecast period. 
Technavio's analysts have provided extensive insight into the market forecast, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. North America, particularly the US, dominated the market in 2023, driven by its robust manufacturing sector and widespread adoption of IoT across industries like power generation, automotive, and healthcare. The region's focus on industrial automation and smart infrastructure development, supported by government initiatives like the USMCA, is expected to fuel market growth. Reshoring manufacturing and the establishment of smart factories will further drive demand and growth of the market in North America.

Market Customer Landscape

The market forecasting report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and trends strategies.

Global Market Customer Landscape

Market Companies

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Analog Devices Inc.: The company offers wireless sensor solutions which consist of spatially distributed autonomous sensors to monitor physical or environmental conditions, such as temperature, sound, vibration, pressure, humidity, motion, or pollutants.

Market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018-2028

  • End-user Outlook
    • Building automation
    • Wearable devices
    • Healthcare
    • Automotive and transportation
    • Others
  • Component Outlook
    • Hardware
    • Software
    • Services
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview:

The market is booming with innovations like Bluetooth Smart and Wireless Fidelity (Wi-Fi). From motion and position sensors to LED sensors, they're revolutionizing home building, automation, and smart transportation. These sensors play critical roles in military surveillance, machine monitoring, and patient monitoring, ensuring workforce safety in sectors like mining and oil & gas. With battery-free and ultra-wideband (UWB) proximity sensor, companies like Everactive and Vicotee are leading the charge in IoT solutions, offering low power management and collaborations with industry giants.

Additionally, the market is expanding rapidly with innovations such as Bluetooth Smart, CMOS based sensors, and zero power wireless sensors. From remote controls to smart speakers, these sensors are integral to IoT-connected devices and wearables. They play crucial roles in smart agriculture, smart street lighting, and smart waste management, reducing carbon footprint. Companies like aurora sensor and Vicotee are leading the charge, offering solutions for refrigerator monitoring and energy transmission in diverse sectors worldwide.

Market Scope

Report Coverage

Details

Page number

177

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 18.02%

Market Growth 2024-2028

USD 28.87 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

17.06

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 30%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., ADT Inc., Advantech Co. Ltd., Analog Devices Inc., Emerson Electric Co., General Electric Co., Honeywell International Inc., Infineon Technologies AG, Koninklijke Philips N.V., Laird Connectivity, Legrand SA, Libelium Comunicaciones Distribuidas SL, Lutron Electronics Co. Inc., Microchip Technology Inc., NXP Semiconductors NV, Renesas Electronics Corp., Robert Bosch GmbH, Schneider Electric SE, Sensata Technologies Inc., Siemens AG, Somfy SA, STMicroelectronics International NV, TE Connectivity Ltd., Texas Instruments Inc., Yokogawa Electric Corp., and Broadcom Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market report forecast during the forecast period
  • Detailed information on factors that will drive the growth of the market  between 2024 and 2028
  • Precise estimation of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across North America, APAC, Europe, South America, and Middle East and Africa
  • Thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of Industry companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Component
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global wireless sensors market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global wireless sensors market 2018 - 2022 ($ billion)
    • 4.2 End-user Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – End-user Segment 2018 - 2022 ($ billion)
    • 4.3 Component Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Component Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on End-user - Market share 2023-2028 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Building automation - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Building automation - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Building automation - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Building automation - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Building automation - Year-over-year growth 2023-2028 (%)
    • 6.4 Wearable devices - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Wearable devices - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Wearable devices - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Wearable devices - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Wearable devices - Year-over-year growth 2023-2028 (%)
    • 6.5 Healthcare - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Healthcare - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Healthcare - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Healthcare - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Healthcare - Year-over-year growth 2023-2028 (%)
    • 6.6 Automotive and transportation - Market size and forecast 2023-2028
      • Exhibit 46: Chart on Automotive and transportation - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 47: Data Table on Automotive and transportation - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 48: Chart on Automotive and transportation - Year-over-year growth 2023-2028 (%)
      • Exhibit 49: Data Table on Automotive and transportation - Year-over-year growth 2023-2028 (%)
    • 6.7 Others - Market size and forecast 2023-2028
      • Exhibit 50: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 51: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 52: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.8 Market opportunity by End-user
      • Exhibit 54: Market opportunity by End-user ($ billion)
      • Exhibit 55: Data Table on Market opportunity by End-user ($ billion)

    7 Market Segmentation by Component

    • 7.1 Market segments
      • Exhibit 56: Chart on Component - Market share 2023-2028 (%)
      • Exhibit 57: Data Table on Component - Market share 2023-2028 (%)
    • 7.2 Comparison by Component
      • Exhibit 58: Chart on Comparison by Component
      • Exhibit 59: Data Table on Comparison by Component
    • 7.3 Hardware - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Hardware - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on Hardware - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on Hardware - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Hardware - Year-over-year growth 2023-2028 (%)
    • 7.4 Software - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Software - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Data Table on Software - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 66: Chart on Software - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Software - Year-over-year growth 2023-2028 (%)
    • 7.5 Services - Market size and forecast 2023-2028
      • Exhibit 68: Chart on Services - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Data Table on Services - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 70: Chart on Services - Year-over-year growth 2023-2028 (%)
      • Exhibit 71: Data Table on Services - Year-over-year growth 2023-2028 (%)
    • 7.6 Market opportunity by Component
      • Exhibit 72: Market opportunity by Component ($ billion)
      • Exhibit 73: Data Table on Market opportunity by Component ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 75: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 76: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 77: Chart on Geographic comparison
      • Exhibit 78: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 79: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 APAC - Market size and forecast 2023-2028
      • Exhibit 83: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 99: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 103: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 Germany - Market size and forecast 2023-2028
      • Exhibit 107: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.11 UK - Market size and forecast 2023-2028
      • Exhibit 111: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 112: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 113: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.12 Japan - Market size and forecast 2023-2028
      • Exhibit 115: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 116: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 117: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 118: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 119: Market opportunity by geography ($ billion)
      • Exhibit 120: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 121: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 123: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 124: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 125: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 126: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 127: ABB Ltd. - Overview
              • Exhibit 128: ABB Ltd. - Business segments
              • Exhibit 129: ABB Ltd. - Key news
              • Exhibit 130: ABB Ltd. - Key offerings
              • Exhibit 131: ABB Ltd. - Segment focus
            • 12.4 Analog Devices Inc.
              • Exhibit 132: Analog Devices Inc. - Overview
              • Exhibit 133: Analog Devices Inc. - Business segments
              • Exhibit 134: Analog Devices Inc. - Key news
              • Exhibit 135: Analog Devices Inc. - Key offerings
              • Exhibit 136: Analog Devices Inc. - Segment focus
            • 12.5 Emerson Electric Co.
              • Exhibit 137: Emerson Electric Co. - Overview
              • Exhibit 138: Emerson Electric Co. - Business segments
              • Exhibit 139: Emerson Electric Co. - Key news
              • Exhibit 140: Emerson Electric Co. - Key offerings
              • Exhibit 141: Emerson Electric Co. - Segment focus
            • 12.6 General Electric Co.
              • Exhibit 142: General Electric Co. - Overview
              • Exhibit 143: General Electric Co. - Business segments
              • Exhibit 144: General Electric Co. - Key news
              • Exhibit 145: General Electric Co. - Key offerings
              • Exhibit 146: General Electric Co. - Segment focus
            • 12.7 Honeywell International Inc.
              • Exhibit 147: Honeywell International Inc. - Overview
              • Exhibit 148: Honeywell International Inc. - Business segments
              • Exhibit 149: Honeywell International Inc. - Key news
              • Exhibit 150: Honeywell International Inc. - Key offerings
              • Exhibit 151: Honeywell International Inc. - Segment focus
            • 12.8 Laird Connectivity
              • Exhibit 152: Laird Connectivity - Overview
              • Exhibit 153: Laird Connectivity - Product / Service
              • Exhibit 154: Laird Connectivity - Key offerings
            • 12.9 NXP Semiconductors NV
              • Exhibit 155: NXP Semiconductors NV - Overview
              • Exhibit 156: NXP Semiconductors NV - Product / Service
              • Exhibit 157: NXP Semiconductors NV - Key news
              • Exhibit 158: NXP Semiconductors NV - Key offerings
            • 12.10 Robert Bosch GmbH
              • Exhibit 159: Robert Bosch GmbH - Overview
              • Exhibit 160: Robert Bosch GmbH - Business segments
              • Exhibit 161: Robert Bosch GmbH - Key offerings
              • Exhibit 162: Robert Bosch GmbH - Segment focus
            • 12.11 Schneider Electric SE
              • Exhibit 163: Schneider Electric SE - Overview
              • Exhibit 164: Schneider Electric SE - Business segments
              • Exhibit 165: Schneider Electric SE - Key offerings
              • Exhibit 166: Schneider Electric SE - Segment focus
            • 12.12 Sensata Technologies Inc.
              • Exhibit 167: Sensata Technologies Inc. - Overview
              • Exhibit 168: Sensata Technologies Inc. - Business segments
              • Exhibit 169: Sensata Technologies Inc. - Key news
              • Exhibit 170: Sensata Technologies Inc. - Key offerings
              • Exhibit 171: Sensata Technologies Inc. - Segment focus
            • 12.13 Siemens AG
              • Exhibit 172: Siemens AG - Overview
              • Exhibit 173: Siemens AG - Business segments
              • Exhibit 174: Siemens AG - Key news
              • Exhibit 175: Siemens AG - Key offerings
              • Exhibit 176: Siemens AG - Segment focus
            • 12.14 STMicroelectronics International NV
              • Exhibit 177: STMicroelectronics International NV - Overview
              • Exhibit 178: STMicroelectronics International NV - Business segments
              • Exhibit 179: STMicroelectronics International NV - Key news
              • Exhibit 180: STMicroelectronics International NV - Key offerings
              • Exhibit 181: STMicroelectronics International NV - Segment focus
            • 12.15 TE Connectivity Ltd.
              • Exhibit 182: TE Connectivity Ltd. - Overview
              • Exhibit 183: TE Connectivity Ltd. - Business segments
              • Exhibit 184: TE Connectivity Ltd. - Key news
              • Exhibit 185: TE Connectivity Ltd. - Key offerings
              • Exhibit 186: TE Connectivity Ltd. - Segment focus
            • 12.16 Texas Instruments Inc.
              • Exhibit 187: Texas Instruments Inc. - Overview
              • Exhibit 188: Texas Instruments Inc. - Business segments
              • Exhibit 189: Texas Instruments Inc. - Key news
              • Exhibit 190: Texas Instruments Inc. - Key offerings
              • Exhibit 191: Texas Instruments Inc. - Segment focus
            • 12.17 Yokogawa Electric Corp.
              • Exhibit 192: Yokogawa Electric Corp. - Overview
              • Exhibit 193: Yokogawa Electric Corp. - Business segments
              • Exhibit 194: Yokogawa Electric Corp. - Key offerings
              • Exhibit 195: Yokogawa Electric Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 196: Inclusions checklist
                • Exhibit 197: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 198: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 199: Research methodology
                • Exhibit 200: Validation techniques employed for market sizing
                • Exhibit 201: Information sources
              • 13.5 List of abbreviations
                • Exhibit 202: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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