The global wireless sensor network market is expected to grow at a significant CAGR during the forecast period (2024-2031). In robotics, wireless sensor networks can be used for enhanced robotic sensing, multiple robot cooperation, robot planning and navigation, and robot localization, among other things. The use of a wireless sensor network allows emergency response robots to be aware of conditions such as electromagnetic field monitoring and forest fire detection, among other things. The market is driven by the growing automation and robotics industry, the rising need for wireless sensor networks in asset monitoring, security, and transportation, and better reliability with advances in communication technology.
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The key trends affecting the sector on a global basis have been significant investments in the industry to develop new sensor technologies and upgrade existing infrastructure to facilitate IoT and automation. Sensor makers are investing extensively in technology to meet the needs of developing verticals such as smart cities and autonomous vehicles, which rely largely on wireless technologies. Sensor technology innovation, such as intelligent sensors, is projected to support the market’s growing adoption of wireless technologies. All of these reasons could support driving the global wireless sensor network industry.
The market is very fragmented. It is a highly competitive market with a small number of leading firms. Lord Corp. announced the availability of a new network-ready wireless gateway in March 2018. The new WSDA 2000 Wireless Sensor Data Aggregator sends high-speed sensor data to the cloud directly. Users can record up to 256,000 samples per second over the wireless sensor network, with 4,000 samples per second per node, using this method. Honeywell introduced new connected gas sensors in November 2017 to enable safe industrial operations. The new Sensepoint XRL is a stationary gas detector that keeps an eye on industrial processes for specific hazardous gases such as carbon monoxide or methane.
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Market Coverage
- Segment Covered-
o By End-User
- Competitive Landscape Emerson Electric, Honeywell International, Inc., Siemens, and ABB ltd. among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Wireless Sensor Network Market – Segmentation
By End-User
- Military and Security
- Medical
- Transportation and Logistics
- Environmental Monitoring
- Industrial Monitoring
- Building Automation
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