ID: MRFR/SEM/6797-CR | January 2020 | Region: Global | 170 pages
Global Wireless IoT Sensors Market in terms of value is estimated to register 32.87% CAGR during the forecast period.
The Global Market for Wireless IoT Sensors is expected to witness rapid growth during the forecast period. The market in North America is expected to dominate the wireless IoT sensors market during the forecast period. The existing infrastructure and presence of major players in this region are expected to provide the market in North America with various growth opportunities during the forecast period. Moreover, the increase in the adoption of these sensors in industrial automation, medical, transportation, logistics & supply chain, and consumer electronics industries dominates the market. Furthermore, the presence of various key players in the US drives the growth of the wireless IoT sensors market in the region. The growing demand for smartphones, home appliances, consumer electronic products, vehicles, and defense products increases the demand for wireless IoT sensors in this region. In the US and Canada, the high demand for IoT devices and communication networks in the energy and manufacturing industries is a major factor increasing the demand for wireless IoT sensors. Furthermore, the rapid adoption of new technology in this region along with the focus on IoT applications adds to the growth of wireless IoT sensors
In 2018, Europe held the second-largest share of the wireless IoT sensors market. The region has witnessed high growth in recent times owing to the increasing innovation in smart homes and gaming applications and the rising use of IoT sensors in manufacturing industries. The growth of digital technologies for collection, storage, analysis, and distribution of information has given rise to several security concerns, providing various opportunities to the market players. The adoption of IoT and wireless networking and the development of 5G network technology have triggered the adoption of wireless IoT sensors in applications such as industrial automation, logistics & supply chain, automotive, electronics, and healthcare.
The global market for wireless IoT sensors market is segmented based on Component, Type, Technology, and Vertical. Based on the component, the hardware segment dominates the market. The segment includes lighting control systems, heating, ventilation, and air conditioning (HVAC), security & access control systems, fire protection systems, lighting control systems, and others. These systems require enhanced accuracy, system activation, lower power consumption, data security, easy communication, detection of support-specific goals and actions.
On the basis of type, the image sensor segment dominates the global market as such sensors are used in standalone and embedded cameras and a few imaging devices, thermal imaging devices, biometric & IRIS devices, and night vision equipment. Charged coupled device (CCD) sensors and complementary metal-oxide-semiconductor (CMOS) sensors are the two most widely used image sensors.
By Technology, the Wi-Fi segment dominates the global market. The sensors help connect the devices through Wi-Fi. Wi-Fi technology can connect to various IoT devices and send temperature readings to Private EyePi, or other monitoring applications. Wi-Fi technology is used in multiple applications, such as digital signages and indoor security cameras, as it offers coverage, scalability, and power consumption.
Based on Vertical, the industrial IoT segment dominates the market and includes industrial automation, energy, transportation, healthcare, and smart agriculture. Industrial applications, such as factory automation, compressors, hydraulics, and pneumatics, primarily involve the use of sensors for various processes. Sensors can detect physical, chemical, and biological signals and provide a suitable way to measure and record various physical parameters of the patient.
By Region, the Global Wireless IoT Sensors Market is segmented into North America, Europe, Asia-Pacific (APAC), and the rest of the world.
Global Wireless IOT Sensors Market, by Region, 2018
Source: MRFR Analysis
Asia-Pacific is expected to dominate the global wireless IoT sensors market owing to the presence of emerging economies, such as India and China, which is expected to raise the demand for wireless IoT sensors market. The region is also expected to register the highest CAGR during the forecast period. The growing industrial sector, combined with an increasing presence of small and medium-sized enterprises (SMEs) in the region are some of the factors that are expected to drive the market growth. The growing use for consumer electronics and the increase in demand for sensors in gaming, medical device manufacturing, automobiles, and consumer electronics increase the demand for wireless IoT sensors. The advancements in IoT and wireless communication technologies in this region are expected to drive the growth of wireless IoT sensors market in countries such as China, India, and Japan. Furthermore, the increasing adoption of IoT in several industries is expected to fuel the growth of the wireless IoT sensors market.
The global market for wireless IoT sensors market is segmented based on component, type, technology, and vertical. Based on the component, the hardware segment dominates the global market. These systems require enhanced accuracy, system activation, lower power consumption, data security, easy communication, detection of support-specific goals and actions. This segment includes lighting control systems, heating, ventilation, and air conditioning (HVAC), security & access control systems, fire protection systems, lighting control systems, and others.
The Key Players of the Global Wireless IoT Sensors Market are Honeywell International Inc. (US), NXP Semiconductors (Netherlands), Omron Corporation (Japan), TDK Corporation (Japan), Broadcom Inc. (US), Analog Devices, Inc. (US), Murata Manufacturing Co., Ltd (Japan), FUJITSU (Japan), SmartThings Inc. (US), Texas Instruments Incorporated (US), STMicroelectronics (US), TE Connectivity (Switzerland), Infineon Technologies AG (Germany), Robert Bosch GmbH (Germany), and Sony Corporation (Japan).
Key Questions Addressed by the Report
Frequently Asked Questions (FAQ) :
The wireless IoT Sensors market is poised to register 32.87% CAGR.
The segments of the wireless IoT Sensors market, by type, are image sensor, proximity sensor, motion sensor, pressure sensor, humidity sensor, magnetometer, temperature sensor, accelerometer, gyroscope, touch sensor, flow sensor, and others.
The segments of the wireless IoT Sensors market, by technology, are Wi-Fi, ZigBee, Bluetooth, NFC, RFID, Z-Wave, and others.
The verticals studied in the segmental assessment are industrial IoT, commercial IoT, and consumer IoT.
The important revenue generating countries of North America are the U.S. and Canad
The wireless IoT Sensors market, by technology, is dominated by the WiFi segment.
The wireless IoT Sensors market, by vertical, is dominated by the industrial IoT segment.