Wireless sensor technology underpins the Internet of Things, allowing us to collect data about our surroundings over long periods of time with little physical effort. A wide range of characteristics, including air temperature and vibration, may be measured with wireless sensors
Covid-19 Impact & Market Status:
The wireless IOT sensor business has benefited from the COVID-19 pandemic. Increased revolutions in the IT and telecom sectors, as well as digital transformations across industries and the global economy's downward trend, all contributed to the market's upheaval. Many businesses have digitized their supply chains, sales and marketing, product management, and other business processes. Over the last few months, the market for wireless IOT sensors has been steadily increasing. In addition, solution providers are encouraging R&D expenditures in wireless technologies, IOT sensors, and 5G-ready IOT systems.
The existing infrastructure and prominent players in this area present numerous potential for considerable expansion in the North American market over the forecast period. Furthermore, the medical, logistics & supply chain, industrial automation, transportation, and consumer electronics industries are dominating the industry. In addition, the quick acceptance of new technology in this region, as well as the focus on IOT applications, contributes to the rise of wireless IOT sensors.
The global market for wireless IOT sensors is expanding, owing to significant advancements in wireless technologies appropriate for IOT applications. Wireless technologies such as Low Power Wide Area, Cellular (4G & 5G) & other Mesh Protocols, Networks (LPWANs), Wi-Fi, Zigbee, Bluetooth & BLE, and RFID are all gaining in popularity.
In the global market for wireless IOT sensor solutions, Asia Pacific has emerged as a feasible option. Factors such as the increasing industrial sector and the rising number of small and medium-sized businesses (SMEs) in the area are driving the wireless IOT sensors market.
By 2029, the global wireless IOT sensors market is estimated to be worth USD 168668.5 million, growing at a CAGR of 32.87 percent (2022-2029).
Wireless sensors automate data interchange and develop new efficiencies, making a beneficial difference in people's lives and businesses. Hundreds, if not thousands, of wireless sensors can be found in many wireless networks. Agriculture, security, retail, urban planning, and supply chain management are just a few of the industries where these devices are already in use.
The global market for wireless IOT sensors is expanding, owing to significant advancements in wireless technologies appropriate for IOT applications. Wireless technologies such as Bluetooth & BLE, Zigbee, Cellular (4G & 5G), Low Power Wide Area Networks (LPWANs), & other Mesh Protocols, Wi-Fi, and RFID are all gaining in popularity. As wireless applications become increasingly common, new wireless sensing devices are being introduced. As wireless applications become more popular, new wireless sensing devices are being brought to the market, and they have remained at the forefront of IOT sensing technology. On the other side, data security concerns could stifle the market for wireless IOT sensors. Furthermore, as the internet penetration rate rises, massive demand is projected.
The major market players of Wireless IOT Sensor Market are Broadcom Inc. (US), Texas Instruments Incorporated (US), Robert Bosch GmbH (Germany), TE Connectivity (Switzerland), NXP Semiconductors (Netherlands), Analog Devices, Inc. (US), FUJITSU (Japan), STMicroelectronics (US), HONEYWELL INTERNATIONAL INC. (US), Sony Corporation (Japan), Omron Corporation (Japan), Murata Manufacturing Co., Ltd (Japan), TDK Corporation (Japan), Infineon Technologies AG (Germany), and SmartThings Inc. (US).
Major Developments in Wireless IOT Sensor Market:
- The introduction of 5G networks, as well as digital transformation across industries, the spread of Industry 4.0, and IOT advancements, is all megatrends that are driving the wireless IOT sensors market. Regardless of vertical, smart connected device usage is expected to increase. Furthermore, advancements in cellular technologies such as 5G/4G/LTE are propelling market expansion by boosting connection and enabling new and upcoming IOT applications.
- Wireless IOT sensors will become more common in the future for remote health monitoring and healthcare equipment. Swift Sensors, a leading global provider of industrial IOT sensor solutions, announced on February 4, 2021, the release of its secure wireless vaccine storage unit monitoring and alert system, which allows medical facilities and pharmacies to remotely monitor COVID-19 vaccine storage temperatures, automate data logging, and respond quickly in the event of an equipment failure or power outage.
Wireless IOT Sensor Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 168668.5 million|
|Growth Rate||CAGR of 32.87% during 2021-2028|
|Segment Covered||Type, Component, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East & Africa|
|Key Players Profiled||Broadcom Inc. (US), Texas Instruments Incorporated (US), Robert Bosch GmbH (Germany), TE Connectivity (Switzerland), NXP Semiconductors (Netherlands), Analog Devices, Inc. (US), FUJITSU (Japan), STMicroelectronics (US), HONEYWELL INTERNATIONAL INC. (US), Sony Corporation (Japan), Omron Corporation (Japan) & among others.|
Key Segments of Wireless IOT Sensor Market
Type Overview, 2022-2029 (USD Million)
- Proximity Sensor
- Pressure Sensor
- Image Sensor
- Motion Sensor
- Temperature Sensor
- Touch Sensor
Component Overview, 2022-2029 (USD Million)
Regional Overview, 2022-2029 (USD Million)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa