The market for wireless sensors is anticipated to have had total sales of more than $5,876.3 million in 2022. The demand for wireless sensors is anticipated to grow at an amazing 15.5% CAGR over the forecast period, bringing the market to US$ 24,768 million by 2032. As Industry 4.0 becomes more prevalent, wireless sensor usage is accelerating. Wireless sensors have several benefits, ranging from simple device integration to RFID and Bluetooth communication.
Sales of wireless sensors are increasing in industrial settings where critical production data monitoring is taking place. Defense, automotive, food and beverage, retail, and building automation are a few industries that use wireless sensors.
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Global Market of Wireless Sensors: Drivers and Restraint
Development of cheaper, smarter, and smaller wireless sensors, expanding market for smart and wearable devices, increasing the need for real-time computing of applications, and surge in demand for IoT sensors for various applications such as sensing, recognition, and interpretation are the key factors contributing to the spur in the Wireless sensors market growth.
Every day technological research and improvements in Wireless sensors technology are the key factors leading to a rapid growth in the market. The wide range of applications of wireless sensors including forest fire detection, flood detection, water management, ambient air and greenhouse gas emission monitoring, soil monitoring, pest and
disease detection, precision irrigation and water management, vehicular movement and management, in nearly all walks of life is encouraging manufacturers to manufacture more technologically efficient and error free Wireless sensors leading to wide adoption of sensors by industries.
Also, the automation and industrial robots require a large number of wireless sensors, which is expected to drive the market. The wireless sensors market possesses a high growth potential, but lack of technical standardization ofwireless sensors is a factor which may lead to hindrance in the market growth. Also, the high cost of the wireless sensors may result in decreased adoption by the small scale industries while large scale industries still are expected to contribute in driving the wireless sensors market growth.
Currently, North America dominates the Wireless sensorsmarket, the main reasons being: increased R&D in the field of IoT, in terms of new and improved technologies, as well as the rising demand for an improved lifestyle.
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How are Leading Manufacturers Responding to Surging Demand for Wireless Sensors?
Key wireless sensor manufacturers are investing in collaborations and partnerships with other service providers to launch application-specific wireless sensors. Through this, players are aiming to gain a competitive edge in the global wireless sensors market. Some recent developments include:
- In May 2022, LUDECA and Sensoteq announced a partnership for launching their products in the U.S. and Caribbean. Together, the companies will bring forth the new Kappa X wireless sensor for condition monitoring, along with the cloud-based Analytix software.
- In June 2022, NOVELDA, one of the leading players in the sensors market, launched its upgraded ultra-wideband (UWB) proximity sensor. The sensor increases LCD screen lifetime and comprises a power-saving mechanism.
Key Segments Profiled in the Wireless Sensors Industry Survey
By Product:
- Ambient Light Sensors
- Motion & Position Sensors
- Temperature Sensors
- Heart Rate Sensors
- Pressure Sensors
- IMUs (6-Axis, 9-Axis)
- Accelerometers (3-Axis)
- Blood Glucose Sensors
- Image Sensors
- Humidity Sensors
- Carbon Monoxide Sensors
- Blood Oxygen Sensors
- Flow Sensors
- Level Sensors
- Chemical Sensors
- ECG Sensors
- Others (MRR, Ultrasonic Sensors, Vehicle Detection Sensors, Pedestrian Presence Sensors, Speed Sensors, Soil Moisture Sensors)
By End-user:
- Building Automation
- Wearable Devices
- Healthcare
- Industrial
- Automotive & Transportation
- Oil and Gas
- Retail
- Agriculture
- Aerospace & Defense
- BFSI
By Connectivity Type:
- Wi-Fi
- Bluetooth
- Bluetooth/WLAN
- Cellular Network
- GPS/GNSS Module
- Bluetooth Smart/BLE
- ZigBee
- NFC
- WHART
- ISA100
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