Pune, April 04, 2023 (GLOBE NEWSWIRE) -- A global Electronics research and business-consulting firm, Maximize Market research, has published a market intelligence report on the “Wireless Sensor Market”. The report is a combination of primary data and secondary data to conduct qualitative and quantitative analysis to understand the Wireless Sensor Market dynamics. Over the forecast period, Maximize Market research expects the market to grow from USD 10.06 Bn in 2022 to USD 32.14 Bn in 2029 at a CAGR of 18 percent.
Wireless Sensor Market Report Scope and Research Methodology
| Market Size in 2022 | USD 10.06 Bn. |
| Market Size in 2029 | USD 32.14 Bn. |
| CAGR | 18 percent (2022-2029) |
| Forecast Period | 2022-2029 |
| Base Year | 2021 |
| Number of Pages | 276 |
| No. of Tables | 116 |
| No. of Charts and Figures | 114 |
| Segment Covered | Product Type and Industry Vertical |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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The Wireless Sensor Market report includes market share, growth hubs, competitive landscape, restraints and regional insights. The report analyses the market through segments such as product type and industry vertical along with their multiple sub-segments. The report provides data regarding mergers and acquisitions and investment in research and developments by major key manufacturers. The bottom-up approach is used to estimate the size of the market by value and volume. The data has been collected through primary and secondary research methods. Collected data later analysed by tools such as SWOT, PORTER’s five force model and PESTLE analysis. The report provides political, social, economic, technological, environmental and legal aspects of the Wireless Sensor Market in major geographic regions such as North America, Asia Pacific, Middle East and Africa, Europe and South America.
Wireless Sensor Market Overview
Wireless sensors are capable of measuring and collecting real-time physical conditions such as temperature, humidity, pollution level and sound and transmit data wirelessly. They use communication technologies such as Bluetooth, Wi-Fi and Zigbee to alert individuals in the worst situations regarding inventory and conditions of machinery and keep a record. The wireless sensor is the soul of the Internet of Things (IoT).
Wireless Sensor Market Dynamics
The growing automation of machines and adoption of the industrial internet of things (IIoT) in all industry verticals are expected to drive the global Wireless Sensor Market. The use of wireless sensors reduces the energy consumption of machines and devices and can be monitored remotely. Wireless sensor eliminates the cost of deployment and maintenance of the cabled part that is anticipated to drive the Wireless Sensor Market.
Threats to data and cyber-attacks are expected to constrain the Wireless Sensor Market. The MMR report includes all the drivers and restraints with their best solutions.
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Wireless Sensor Market Regional Insights
Developing economies such as China and India, South Korea and Japan are adopting IoT devices in the residential, commercial, industrial, healthcare and oil and gas industry. These factors are expected to drive the Asia Pacific Wireless Sensor Market.
Middle East and Africa held the largest share of the market in 2022 and is expected to hold the largest share during the forecast period. Increased military spending and schemes for digitization in the Middle East helping the region to hold the largest share. In efforts to minimize energy consumption, Europe is adopting IoT in their various industries and governance.
Wireless Sensor Market Segmentation
By Product Type:
- Biosensors
- Temperature Sensor
- Pressure Sensor
- Humidity Sensors
- Gas Sensors
- Flow Sensors
- Level Sensors
- Motion and Positioning Sensors
- Others
Biosensors held the largest share of the market and are expected to dominate the market throughout the forecast period. Biosensors have been applied in the screening of diseases and veterinary applications.
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By Industry Vertical:
- Consumer Electronics
- Industrial
- Automotive and Transportation
- Aerospace and Defense
- Healthcare
- Agriculture
- Oil & Gas
- Others
Based on industry verticals, the market is segmented into various sub-segments. Among them, healthcare segment in Wireless Sensor Market is expected to dominate the market over the forecast period.
Wireless Sensor Market Key Competitors include:
- Texas Instruments Inc.
- STMicroelectronics
- Emerson Electric Co.
- Honeywell International Inc.
- Siemens AG
- Schneider Electric
- General Electric Company
- NXP Semiconductors
- Rockwell Automation Inc.
- TE Connectivity Ltd.
- Broadcom Inc.
- Infineon Technologies
- Microchip Technology
- Intel Corporation
Key questions answered in the Wireless Sensor Market are:
- What are Wireless Sensors?
- What was the Wireless Sensor Market size in 2021?
- What is the expected Wireless Sensor Market size during the forecast period?
- What are the global trends in the Wireless Sensor Market?
- What are the major restraints for the Wireless Sensor Market?
- Which segment dominated the Wireless Sensor Market growth?
- What is the demand pattern for the Wireless Sensor Market?
- What growth strategies are the players considering to increase their presence in the Wireless Sensor Market?
- What are the upcoming industry applications and trends for the Wireless Sensor Market?
- Who are the leading companies and what are their portfolios in the Wireless Sensor Market?
- Which region dominates the largest market share in the Wireless Sensor Market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, Organization Size, Application and Industry Vertical
- Market Segmentation – A detailed analysis by Product Type and Industry Vertical
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Electronics research firm, has also published the following reports:
Consumer Electronics Sensor Market - The market size is expected to reach USD 55.93 Bn by 2029 at a CAGR of 16.32 percent during the forecast period. The market is expected to be driven by an increase in demand for multimedia devices with diverse characteristics such as motion stabilisation and indoor navigation.
Battery free Sensor Market - The market size is expected to reach USD 232.59 Bn by 2029 at a CAGR of 20.6 percent during the forecast period. The market is expected to be driven by the rising use of battery-free sensors in medical devices.
Wireless Brain Sensors Market - The market size is expected to reach USD 985.42 Mn by 2029 at a CAGR of 10.84 percent during the forecast period. The market is expected to be driven by the development of high-data-rate, low-power wireless brain sensors by scientists.
Air Quality Sensors Market - The market size is expected to reach USD 8.69 Bn by 2029 at a CAGR of 8.37 percent during the forecast period. The market is expected to be driven by government schemes regarding environmental conservation and public awareness.
CMOS image sensor Market - The market size is expected to reach USD 35.25 Bn by 2029 at a CAGR of 8.5 percent during the forecast period. The market is expected to be driven by the rising demand for smartphones and increased security and surveillance are driving the CMOS image sensor market.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
