According to a new market report by Lucintel, the future of the wireless sensor market looks promising with opportunities in the automotive, healthcare, aerospace and defense, and energy industries. The global wireless sensor market is expected to to grow with a CAGR of 22% from 2020 to 2025. The major growth drivers for this market are an increase in the adoption rate of wireless technology and rapid adoption of wireless sensors in the aerospace & defense industry.
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In this market, pressure sensor, temperature sensor, chemical sensor, gas sensor, position sensor, and proximity sensor are the major sensor types used.
Within the wireless sensor market, automotive, healthcare, aerospace and defense, and energy are the major end use industries.
North America will remain the largest region over the forecast period due to heavy investments and legislative initiatives on wireless technology in countries, such as the U.S. and Canada.
General Electric, Yokogawa Electric, Honeywell, Texas Instruments, Schneider Electric, Emerson Electric, and Rockwell Automation are the major manufacturers of the wireless sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the wireless sensor market by sensor type, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Wireless Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global wireless sensor market by sensor type, end use industry, and region as follows:
By Sensor Type [$M shipment analysis for 2014 – 2025]:
Pressure Sensors
Temperature Sensors
Chemical Sensors
Gas Sensors
Position Sensors
Proximity Sensors
Others
By End Use Industry [$M shipment analysis for 2014 – 2025]:
Automotive
Healthcare
Aerospace and Defense
Energy
Others
By Region [$M shipment analysis for 2014 – 2025]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
China
Japan
India
South Korea
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.