The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Wireless IoT Sensors Market Size. The growth sectors of the Wireless IoT Sensors Market Size are identified with precision for a better growth perspective.
According to Market Research Future, the market for global wireless IoT sensors has been segmented on the basis of type, technology, application, and region.
Wireless IoT sensors is a measuring device that helps detect the change in an environment such as temperature and pressure and transform it into an electric signal. The increasing demand for IoT devices, growing need for real-time computing for IoT applications, rise in internet penetration globally, and reduced size and cost of IoT sensors are the key drivers for the wireless IoT sensors market. However, data security concerns, high latency, and limited bandwidth are expected to restrain market growth during the forecast period.
Based on type, the market has been categorized as temperature sensors, pressure sensors, humidity sensors, flow sensors, magnetosensors, motion sensors, and others. The pressure sensors segment is projected to account for the largest share during the review period; however, the motion sensor segment is expected to register the highest CAGR during the forecast period. The flow sensors segment is also witnessing significant developments. The growing need for increased safety, comfort level, and emission detection ability have resulted in a wide adoption wireless IoT sensors. In 2019, Nanotron Technologies GmbH launched a New line of location-aware wireless IoT sensors for mining, manufacturing, and healthcare industries.
Based on technology, the market has been categorized as Wi-Fi, Bluetooth, NFC, ZigBee, EnOcean, and others. The Wi-Fi segment is projected to account for the largest share during the review period; however, the ZigBee segment is expected to register the highest CAGR during the forecast period. The rise in number of mobile devices and increasing adoption of the bring-your-own-device (BYOD) concept in workplaces drive the demand for wireless IoT sensors.
Based on application, the market has been segmented into consumer electronics, appliances, agriculture, industrial automation, transportation, healthcare, and others. The industrial automation segment is expected to dominate the wireless IoT sensors market during the forecast period owing to the growing adoption of predictive maintenance techniques for monitoring industrial equipment.
The global wireless IoT sensors market has been segmented by region, into North America, Europe, Asia-Pacific, and the rest of the world.
North America, followed by Europe, is expected to be the largest market in the forecast period owing to the high concentration of market players and easy availability of proficient technical expertise. Also, the growing adoption of wireless sensors and networks across major applications such as industrial and automotive and transportation are expected to further drive the growth of the wireless IoT sensors market. However, the market in Asia-Pacific is expected to register a significant CAGR during the forecast period.
The prominent players in the global Wireless IoT Sensors industry are NXP Semiconductors N.V. (Netherland), Analog Devices, Inc. (US), Sensirion AG (Switzerland), Texas Instruments Inc. (US), Infineon Technologies AG (Germany), Sensata Technologies (US), Siemens AG (Germany), Honeywell International Inc. (US), TE Connectivity Ltd. (Switzerland), TDK Corporation (Japan), Broadcom Inc. (US), Murata Manufacturing (Japan), Bosch Sensortec (Germany), STMicroelectronics (Switzerland), and Omron Corporation (Japan).
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Market Research Future
+1 646 845 9312
Email: [email protected]