Market Insights:
Industrial Wireless Sensor Network Market size was valued at USD 4.81 Billion in 2021, registering a CAGR of 14% during the forecast period (2022-2030), and the market is projected to be worth USD 15.64 Billion by 2030.
The industrial wireless sensor network (IWSN) is a network of dispersed sensing platforms that communicate wirelessly. IWSN is located in remote places and transmits signals to the control room using wireless technology.
Industrial Wireless Sensor Network Market Research Report” was just released by Market Research Community. It is divided into several categories, including type (Temperature Sensor Networks, Pressure Sensor Networks, Level Sensor Networks, Flow Sensor Networks, Humidity Sensor Networks, Motion & Position Sensor Networks, Gas Sensor Networks, Light Sensor Networks, Chemical Sensor Networks), application (Machine Monitoring, Process Monitoring, Asset Tracking, Safety & Surveillance), Component (Hardware, Software, Service), Technology (Bluetooth, ZigBee, Wi-Fi, Near Field Communication (NFC), Cellular Network, WirelessHART, ISA 100.11a) End-Use (Automotive, Oil & Gas, Utilities, Mining, Food & Beverage, Manufacturing, Others) and companies (NXP Semiconductors; Schneider Electric; Siemens AG; STMicroelectronics N.V.; Texas Instruments Inc.; Yokogawa Electric Corporation, Honeywell International Inc.; ABB Ltd.; Analog Devices, Inc.; Honeywell Process Solutions; Lantronix, Inc), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 14%, over the forecast period of 2022–2030
Driver:
The increased adoption of Industrial Wireless Sensor Network in the Next Generation industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Industrial Wireless Sensor Network also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Industrial Wireless Sensor Network in many sectors also boosts the market growth during the forecast period.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 15.64 Billion |
| CAGR (2022-2030) | 14% |
| By Type | Temperature Sensor Networks, Pressure Sensor Networks, Level Sensor Networks, Flow Sensor Networks, Humidity Sensor Networks, Motion & Position Sensor Networks, Gas Sensor Networks, Light Sensor Networks, Chemical Sensor Networks |
| By Application | Machine Monitoring, Process Monitoring, Asset Tracking, Safety & Surveillance |
| By Technology | Bluetooth, ZigBee, Wi-Fi, Near Field Communication (NFC), Cellular Network, WirelessHART, ISA 100.11a |
| By End Use | Automotive, Oil & Gas, Utilities, Mining, Food & Beverage, Manufacturing, Others |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | NXP Semiconductors; Schneider Electric; Siemens AG; STMicroelectronics N.V.; Texas Instruments Inc.; Yokogawa Electric Corporation, Honeywell International Inc.; ABB Ltd.; Analog Devices, Inc.; Honeywell Process Solutions; Lantronix, Inc |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Industrial Wireless Sensor Network market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
NXP Semiconductors; Schneider Electric; Siemens AG; STMicroelectronics N.V.; Texas Instruments Inc.; Yokogawa Electric Corporation, Honeywell International Inc.; ABB Ltd.; Analog Devices, Inc.; Honeywell Process Solutions; Lantronix, Inc
Market Segment Analysis:
By Component
- Hardware
- Software
- Service
By Type
- Temperature Sensor Networks
- Pressure Sensor Networks
- Level Sensor Networks
- Flow Sensor Networks
- Humidity Sensor Networks
- Motion & Position Sensor Networks
- Gas Sensor Networks
- Light Sensor Networks
- Chemical Sensor Networks
By Application
- Machine Monitoring
- Process Monitoring
- Asset Tracking
- Safety & Surveillance
By Technology
- Bluetooth
- ZigBee
- Wi-Fi
- Near Field Communication (NFC)
- Cellular Network
- WirelessHART
- ISA 100.11a
By End-Use
- Automotive
- Oil & Gas
- Utilities
- Mining
- Food & Beverage
- Manufacturing
- Others
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Industrial Wireless Sensor Network industries in the region.
Key Industrial Wireless Sensor Network Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Industrial Wireless Sensor Network Market segments.
– Largest Market Share Held by Industry to Industry for Industrial Wireless Sensor Network
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Industrial Wireless Sensor Network Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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Research Methodology
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