Wireless IoT Sensors Market Research Report - Global Forecast till 2032

Impact of COVID-19 on the Wireless IoT Sensors Market

The COVID-19 pandemic has spread across the globe and has had a neutral impact on the wireless IoT sensors market. These sensors are being widely used in hospitals to monitor various environmental factors, such as the refrigerator temperature. Hospitals maintain up to 20 different temperature shelves for vaccines, heat-sensitive pharmaceuticals, blood plasma, organs, and other medical equipment. The increased need to reduce physical contact amidst the pandemic is encouraging healthcare organizations to deploy IoT solutions that are used to help prevent the use of PPE. During the pandemic, the most vital task is to trace and isolate the individuals who have possibly come in contact with the COVID-19 infected. The traditional tracing contact is costly and time-consuming. However, the use of wireless technologies such as GPS, RFID, Bluetooth low energy, magnetic field signature, and Wi-Fi has helped in detailed location tracking during the pandemic. Wireless technology provides information on proximity and duration of the interaction with the coronavirus confirmed cases, which is driving the growth of the market.

Besides, during the COVID-19 pandemic, the deployment of Bluetooth tags is another solution to enhance the response plan. System-wide optimization of Bluetooth devices is required to overcome message collisions. Due to COVID-19, the shelter-in-place orders and travel restrictions have forced the employees to work from home. Wireless IoT sensors are cost-effective solutions for remote monitoring as well as diagnosis of business-critical requirements. These sensors are easy to deploy, readily available, and quick to implement. IoT sensors also provide threshold alerts and act as tools that eradicate the need for the physical presence of the employees and thus help in maintaining social distancing, which is required to contain the spread of the pandemic. Remote monitoring is expected to be critical to operations as social distancing is expected to stretch on for months. On the flip side, the reduced production of consumer electronics products and vehicles due to the temporary shutdown of manufacturing plants is slightly hindering the market growth.

IoT-Enabled Sensors, Projected Global Market Share by Type (2022)

Source: Statista

Impact Analysis