According to the report by Expert Market Research (EMR), the global wireless sensors market size reached a value of USD 17.29 billion in 2023. Aided by increasing adoption of Internet of Things (IoT) devices and the growing need for real-time monitoring in various sectors, the market is projected to further grow at a CAGR of 20.1% between 2024 and 2032 to reach a value of USD 89.90 billion by 2032.
Wireless sensors are integral components of wireless sensor networks, where they are used to monitor different environmental conditions or system parameters and transmit this data through a wireless protocol. The versatility of these sensors supports a wide array of applications across various sectors including healthcare, automotive, industrial, and environmental monitoring.
The wireless sensors market growth is primarily fuelled by the proliferation of IoT applications which demand extensive use of wireless sensors for various functions, including smart grids, smart homes, health monitoring systems, and environmental monitoring. The rapid advancement in wireless communication technologies has further enhanced the efficiency and application scope of wireless sensors.
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Moreover, the increasing awareness towards smart infrastructure, driven by the push for energy efficiency and enhanced safety standards, is propelling the demand for wireless sensors in building automation, HVAC systems, and lighting control systems. The rise in industrial automation and the adoption of smart manufacturing practices are also significant contributors to the market growth, as wireless sensors are pivotal in optimising processes and improving safety in manufacturing environments.
As per the wireless sensors market analysis, the integration of artificial intelligence (AI) and machine learning (ML) with wireless sensor technology is a major trend shaping the market. These technologies enable smarter data analytics and decision-making processes based on the data collected by sensors, leading to more efficient operations across different sectors.
Energy harvesting technologies are also gaining traction in the wireless sensors market. These technologies allow sensors to collect energy from their environment, reducing dependency on batteries and enhancing the sustainability of sensor networks. Innovations in miniaturisation and advancements in materials science are facilitating the development of smaller, more efficient, and more durable wireless sensors, leading to wireless sensors market expansion.
North America currently leads the global market, attributed to its advanced technological infrastructure and the early adoption of IoT technologies. The region’s market is further supported by the presence of major technology firms and substantial investments in research and development activities.
The Asia-Pacific region is expected to witness the highest growth rate over the forecast period due to rapid industrialisation, urbanisation, and the increasing adoption of smart technologies in countries like China, India, and Japan. The expanding automotive sector and increasing governmental initiatives towards smart cities in the region also contribute to wireless sensors market development.
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Market Segmentation
The market can be divided based on the product type, industry vertical, and region.
Market Breakup by Product Type
- Temperature Sensors
- Pressure Sensors
- Chemical and Gas Sensors
- Biosensors
- Humidity Sensors
- Flow Sensors
- Level Sensors
- Motion and Positioning Sensors
- Others
Market Breakup by Industrial Vertical
- Consumer Electronics
- Industrial
- Automotive and Transportation
- Healthcare
- Agriculture
- Aerospace and Defence
- Energy and Power
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global wireless sensors market. Some of the major players explored in the report by Expert Market Research are as follows:
- ABB Ltd.
- Texas Instruments Incorporated
- Honeywell International Inc.
- Schneider Electric SE
- Siemens AG
- Emerson Electric Co.
- NXP Semiconductors N.V
- TE Connectivity Ltd.
- Advantech Co., Ltd.
- InvenSense, Inc.
- Others
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