The global wireless sensors market is expected to grow at a significant CAGR of 24% during the forecast period (2024-2031). The major factors contributing to the growth of the global wireless sensors market include growing miniaturized electronic gadgets demand and better communication capabilities. Additionally, Industry 4.0 and rise in new energy sources will boost the growth of the market.
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A wireless sensor is a gadget that collects sensory data and detects changes in the surrounding environment. Sensors are devices that are meant to measure particular characteristics about their physical environment and provide outputs, which are usually electrical impulses, for further processing. Many sorts of stimuli are included in these metrics, including air temperature, illumination levels, motions, and liquid leakages. As wireless sensors don’t do any intensive data processing locally, they require extremely little power and can operate for years on a single battery, if the best wireless technology is employed.
The key players contributing to the growth of the global wireless sensors market by adopting various strategies such as product launches & developments, mergers and acquisitions, partnerships, and agreements, include Landscape-Honeywell International Inc., Texas Instruments Incorporated, Schneider Electric SE, Emerson Electric Co., Siemens AG, among others. For instance, in June 2020, Salesforce and Siemens announced a strategic collaboration to build a new workplace technology suite, that will enable global companies to effectively reopen and deliver future workplace experiences. Siemens intends to contribute technologies from its Smart Infrastructure portfolio, which include Enlighted IoT solutions and Comfy, a workplace experience solution. Enlighted’s cloud-connected smart sensors capture data multiple times per second.
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Market Coverage
- Segment Covered-
o By Type
o By End-User Industry
- Competitive Landscape-Honeywell International Inc., Texas Instruments Incorporated, Schneider Electric SE, Emerson Electric Co., Siemens AG, 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 Sensors Market- Segmentation
By Type
- Pressure Sensors
- Temperature Sensors
- Chemical and Gas Sensors
- Position and Proximity Sensors
- Other Types of Sensors
By End-User Industry
- Automotive
- Healthcare
- Aerospace and Defense
- Energy and Power
- Food and Beverage
- Others
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