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Wireless Sensor Network Market by Offering, Sensor Type, Connectivity Type, End-user Industry, and Region - Global Forecast to 2023

Wireless Sensor Network Market: Global Forecast until 2023

  • June 2017
  • 248 pages
  • ID: 4960850
In this report:
The wireless sensor network market for sensor type, by end-user industry, registered a shipment of ##,##.## thousand units in 2016 and is expected to reach ##,##,##.## thousand units by 2023, at a CAGR of ##.##% during the forecast period.
The wireless sensor network market for memories for the wearable devices registered a shipment of ##,##.## thousand units in 2016, which is expected to ##,##.## thousand units by 2023, at a CAGR of ##.##% between 2017 and 2023.


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"Wireless sensor network market is anticipated to grow at a CAGR (Compound annual growth rate) of ~18.5 percent between 2017 and 2023."

The global wireless sensor network market was estimated at ~$29.1B in 2016 and is forecasted to reach ~$93.9B by 2023, at a compound annual growth rate (CAGR) of ~18.5 percent between 2017 and 2023. The increase of this market is propelled by the development of cheaper, smarter, and smaller sensors; expanding market for smart and wearable devices; growing need for real-time computing of applications; and surge in demand for IoT sensors for several applications including sensing, recognition, and interpretation. Nevertheless, Elements such as growing concerns regarding security and privacy of network platforms and lack of standardization of protocols for devices to be able to communicate with each other, share data, or form an intelligent network act as industry restraints for the increase ot the wireless sensor networks market.

"Ambient light sensors held the biggest market share in 2016"

Ambient light sensors have built-in photodiode, which controls display luminosity according to ambient brightness, thereby saving battery life. Building automation has witnessed a significant increase in the past 10 years as automation affords high-performance buildings with improved energy efficiency, low operating cost, and better indoor environment for occupants. Ambient light sensors are used in automatic doors and access systems, elevators, escalators, and lighting control systems. Building automation is one of the quickest-increasing application areas for ambient light sensors. Due to the extensive usage of these sensors in building automation, ambient light sensors held the biggest share of the wireless sensor network market in 2016.

"Market for NFC is anticipated to increase at an important rate between 2017 and 2023."

In comparison with other wireless technologies, NFC is a customized technology as it combines the interface of a reader and a smartcard into a single device. It allows two-way interactions between electronic devices, especially smartphones, allowing users to access digital content, make contactless payment transactions, and connect and share info between IoT-enabled electronic devices. NFC connectivity ICs are widely used in industries including healthcare, building automation, and wearable devices.

"Wireless sensor network market in Asia-Pacific is anticipated to rise at an important rate between 2017 and 2023"

The overall IoT market is increasing at an important rate; in line with this, the sector for IoT nodes and gateways in Asia-Pac is anticipated to grow at a higher rate compared with the industry in other regions as majority of the overall population is concentrated in Asia-Pacific. Owing to this, the number of new M2M connections per year, the industry demand for smart consumer devices, and the need for industrial revolution is higher in this area. IoT applications seem to have more opportunities to enhance the standard of living and revolutionize the industrial market in APAC due to the big population in some of the developing economies including China, India (IN), and Thailand (TH) in Asia-Pac, together with issues associated to healthcare and energy management. Additionally, market investments by the government in the development and modernization of businesses in China (CN) and India (IN) are incorporating more IoT elements.

The building automation sector is a main contributor to the rise of the market in North America (NA). Some of the main providers of building automation solutions, including Honeywell International Inc., United Technologies Corporation, and Hubbell, Incorporated, are based in this area and are actively involved in launches of new product, acquisitions, and alliances to extend their market reach. This is driving the increase of the wireless sensor network in North America continent.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions have been managed with people holding top positions across different regions. The breakup of the profile of primary members taking part has been provided below.

• By Company category: Tier 1-25 %, Tier 2-25.0 percent, and Tier 3-50.0 percent

• By Description: C-Level Executives-25%, Manager Level-35%, and Others (Sales, Marketing, and Product Managers)-40.0 percent

• By Area: North America-50%, Europe-30%, APAC-10%, and RoW-10%

The main players in the wireless sensor network market contain Intel (NASDAQ:INTC), ABB Ltd. (NYSE:ABB), Texas Instruments (NASDAQ:TXN), Huawei Investment & Holding Co., Limited, Cisco Systems Inc., STMicroelectronics (NYSE:STM), TE Connectivity Ltd., NXP Semiconductor N.V., Dell Inc., Hewlett Packard Enterprise Company, Robert Bosch (RBOS), Advantech Co., Limited, Honeywell (NYSE:HON), Broadcom Limited, Infineon Technologies (ETR:IFX), Emerson Electric Company, Analog Devices Inc., Eurotech S.p.A, Invensense Inc., and Sensirion AG. Some of the important start-ups in the sector are SmartThings Inc., Episensor Ltd., Notion, Helium Systems Inc., and Beep Inc..

Segment Research

The wireless sensor network market has been split on the basis of offering, sensor type, connectivity type, end-user markets, and area. The industry, on the basis of offering, has been split into hardware, software, and services. On the basis of sensor type, the sector has been divided into accelerometers, IMUs, heart rate sensors, blood glucose sensors, blood oxygen sensors, ECG sensors, ambient light sensors, pressure sensors, temperature sensors, humidity sensors, level sensors, flow sensors, chemical sensors, motion & position sensors, carbon monoxide sensors, image sensors, and others (MRR, ultrasonic sensors, vehicle detection sensors, pedestrian presence sensors, speed sensors, and soil moisture sensors). On the basis of connectivity type, the wireless sensor network market has been broken down into ANT+, Bluetooth, Bluetooth Smart/BLE, Bluetooth/Wi-Fi, ZigBee, WiFi, NFC, cellular network, GPS/GNSS module, WHART, and ISA100. The end-user sectors of wireless sensor networks considered in this industry report are wearable devices, healthcare, automotive & transportation, building automation, industrial, retail, Banking, Financial services and Insurance (BFSI), oil & gas, agriculture, and aerospace & defense.

Why acquiring this study can help you:

The analysis would benefit the market top players/new sector entrants in this sector in these ways:

1. This document breaks down the wireless sensor network market comprehensively and offers the closest approximations of the size of the global market and its sub-segments for different applications and across different areas.

2. The market research benefits partners comprehend the pulse of the sector and offers them with the info on main market drivers, market restraints, opportunities, and alternatives pertaining to the market.

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