Wireless Sensor Network Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Report ID: GMI1733

Summary Methodology

Wireless Sensor Network Market size is anticipated to witness a huge demand over the forecast time frame as they assist in evaluating different situations in tandem with numerous application. Wireless technologies are growing in demand and are allowing universal access to the internet through 3G/4G technologies, wi-fi, and other protocols. New wireless protocols have been established featuring increased robustness and reduced power consumption.

Internet access is now commonly used in smartwatches, tablets, and televisions and is no longer restricted to laptops or smartphones. Wireless technologies and barcode replacement have made an important impact on the ability to collect & gather data from the physical world. Various wireless sensors are aiding the wireless technologies in growing more at a high pace. Ability to work in harsh situations, easy installation, troubleshooting & repair, and high-performance levels are the features driving the wireless sensor network market growth.

Conversion of energy harvested into usable electrical energy is creating many prospects for the wireless sensor network market, delivering power to portable electrical devices. Researchers have discovered many ways to obtain enough power through energy harvesting by using wireless sensor network technology and electromagnetic, photovoltaic, thermoelectric, and vibration sources.

The wireless sensor network market consists of leading standard technologies such as 6LoWPAN, Bluetooth, ISA100, Ultrawideband, wireless HART, and ZigBee. 6LoWPAN technology that uses low-power wireless networks and allows wireless sensor nodes to be allocated to an IP address for communication over the internet. Moreover, 6LoWPAN wireless sensors can be used globally, if internet connection is available.

SmartMesh, a wireless sensor networking product, developed by Dust Networks using the 6LoWPAN protocol, a low-power wireless personal area network, can participate in the industrial Internet of Things (IoT) by using the smallest environmental sensor. Advancements in wireless sensor network market technology have found many applications for temperature sensors in a data center or houses, for moisture sensors in the mountains, and for sensing the usage of commercial & residential electricity.

IoT requires the connection and networking of any device which is responsible for communication and will boost the wireless sensor network market during the forecast timeline by connecting devices and by wirelessly exchanging information. It is mainly used for the monitoring of the ecological changes and various constraints in the agriculture sector.

Several partnerships and investments by the government administrations are accountable for the wireless sensor network market growth. In February 2013, BeanAir, a German designer and manufacturer of rugged and smart wireless sensors and Astrium, a subsidiary of European Aeronautic Defence & Space Company signed an agreement of an R&D partnership for the development of advanced ‘Avionic X’ project. This project was funded partly by the French Government and allowed BeanAir to design wireless sensor technology by strengthening & expanding its partnership which had taken shape on the SAHARA2 Project supported by the ASTECH.

The availability of various wireless communication standards and minor cooperation between the networks is hindering and posing challenges for the wireless sensor network market growth. Implementation of common industry standards will play a vital role to eliminate data packet losses, ensuring free data flow, and withstand the pace of transmission. Usage of standard communication protocols has enhanced the implementation of wireless sensor networks across various sectors globally.

The wireless sensor network market can be segmented based on its sensors and applications. The technologies include Bluetooth, Wi-Fi, and wireless Hart. Wi-Fi is used to deliver network connectivity through sensors such as flow, humidity, image & surveillance, pressure, and temperature. Need for image & surveillance wireless sensors for security purposes in the residential & commercial sectors and its implementation in smart home technology has enlarged the use of wireless sensor network market in residential & commercial automation.

These devices can be used to communicate information about environmental or physical settings such as pressure, sound, and temperature from a monitored field to the main location. The information is transformed through various base stations, gateways, and nodes. Increasing need for monitoring systems in real-time applications such as automation of factories is a foremost driving factor for the wireless sensor network market growth.

Asia Pacific and Europe wireless sensor network markets are considered as the potential markets owing to the activities such as wastewater management and soil monitoring. In North America, the wireless sensor network market is anticipated to grow at a high rate owing to the growing need for green energy sources, demand for smart homes, and safe & durable power sources. Industry players in the wireless sensor network market include ABB Limited, Atmel Corporation, Bosch Sensor Tec GmbH, Cisco Systems, Inc., Convergence Wireless, Cymbet Corporation, Cypress Semiconductor Corporation, Emerson Electric Co., Endress Hauser AG, EnOcean GmbH, Fujitsu Limited, General Electric Company, Honeywell International, Inc., Linear Technology, Lord Microstrain, Microchip Technology, Inc., Moog Crossbow, Schneider Electric SA, Siemens AG, STMicroelectronics N.V., Texas Instruments, and Yokogawa Electric Corporation.

What Information does this report contain?

Historical data coverage: 2016 to 2020; Growth Projections: 2021 to 2027.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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