Increased connectivity, miniaturization of technology for monitoring real world phenomenon is anticipated to provide opportunities for the global smart dust market.
Smart dust is a wireless operated computing system like robots, sensors and other devices that are used to monitor real phenomenon like temperature, chemical, toxins, etc that collect the data and transports it to computer systems to analyse and take further actions. Smart dust technology has proven extremely beneficial in areas like agriculture, medical, aerospace, military, environment verticals, etc. Its greatest advantage is that it can operate without human intervention.
As a result, the smart dust technology is witnessing increasing demand in many such fields thereby driving the global smart dust market. Additionally, growing demand for advanced technologies, increasing research and monitoring activities in various fields, high efficiency of the devices, etc are some of the key reasons that are driving the global smart dust market.
According to recent predictions, the aforementioned advantages and other market trends are expected to lead a huge revenue growth of approximately USD 902.3 million by the end of 2028 with and annualized growth rate of 8.5% from 2021 to 2028. Though the global smart dust technology market is playing a pioneering role in developing miniature technologies for monitoring real world phenomenon, the market is grappled with various challenges.
The legal issues, high cost, pollution made by non-degradable smart dust, one-time use, security concerns, failure in controlling the system are some key factors likely to depress the global smart dust market growth. Nevertheless, the challenges are being addressed turning the disadvantages into advantages.
Privacy concerns are mitigated by using IPv4 protocols, better controlled is gained over the devices by introducing intrusion detection systems into smart dust. This is anticipated to be a growth opportunity for the global smart dust technology market.
Wireless processing and storing of data with a computer system like robots, sensors, and other devices smaller than a grain of sand is referred to smart dust technology. For example, sensors used to detect light. Miniature sensors used to power safety mechanisms in vehicle can also be classed under smart dust.
The Adroit Market Research report attempts to provide better insights about the smart dust technology market world over. The report discusses about the rapid changes taking place in the global smart dust market and explains how the changes are impacting the smart dust in humanized adoption. The report gives insights into the trends, challenges, investing opportunities, new markets, target markets, and impact of coronavirus pandemic on each segment mentioned in the report as well as the recovery strategies, and post-pandemic recovery.
This report provides a holistic view of global smart dust market, interlink between the categories of smart dust, consumer behavior & their buying behavior influencers. Finally the report recommends solutions, models for strategizing the marketing for smart dust technologies, and other solutions. The report also summarizes the specific Key Performance Indicators (KPIs) of global smart dust market.
The report does a comprehensive study of the competitive landscape detailing all the key companies functional in each segment, region, and country. Their information such as company profiles, newly launched products, pricing patterns, business models, market size, market share, geographical footprint, and strategic approached undertaken by the companies are highlighted in the report.
Market players to stay competitive are working on advancing the smart dust technology field. In regards to the same, companies like IBM and Cisco Systems are working on developing tiny computers and miniaturization technologies smaller than a grain of sand. This smart dust technology could help authenticate products, track medications, improve healthcare diagnostics, drug delivery equipped many other functionalities.
Also, global smart dust market is broadly categorized into core variants based on type of the smart dust. These variants are enterprise type, colocation data centers, carbon neutral data cenetrs and hyperscale centers. The enterprise segment recorded maximum growth in 2020 and is poised for tremendous growth and profitability for market players in the segment in the next five years.
There are several applications of the smart dust. Some of the core application segments that are identified include support services, software and platform applications as well as hardware specific comprising storage and networking, servers, cooling and power.
The support services accounted for the highest market growth in the global smart dust market. Increasing demand for wireless connectivity and miniature technologies for advanced and better tracking in the support services segment is leading to growth of smart dust in support services segment.
Global smart dust technology market is classified into different application segments such as agriculture, industries, environment, transportation, healthcare, aerospace, and defense. The agriculture segment is amongst the most mature industry in smart technology market. The smart dust in agriculture is used to monitor crops and analyse nutritional requirements. Moreover, smart dust collects the crop, soil, or water data which is further used to evaluate soil conditions, PH, fertility, and more. These are the key reasons driving growth of agriculture segment in global smart dust market.
The North American region accounted for largest market share in global smart dust technology implementation. Advancements in security monitoring technologies, climate monitoring systems, implementation of smart dust in defense, global warming monitoring, and other fields is boosting North America’s share in global smart dust market. APAC is also witnessing positive growth trend in the market.
The entities and large corporations who have led the development of smart dust technologies are Defendec, White Labs, Civic Smart, Cleverciti Systems GmbH, Smartdust Solutions, Valarm, Crossbow, BetaBatt, Hitachi, Cisco Systems, Cargil, General Electric, and IBM among all the major players operating in the smart dust market.
Key Segments of the Global Smart Dust Market
Type Overview, 2018-2028 (USD Million)
- Carbon Neutral Data Center
- Hyperscale Centers
- Enterprise Type
- Colocation Data Centers
Application Overview, 2018-2028 (USD Million)
- Hardware (servers, cooling and power, storage, and networking)
- Software and Platform
- Support Services
Industry Overview, 2018-2028 (USD Million)
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and Africa