According to a new market report by Lucintel, the future of the wireless sensor network market looks promising with opportunities in the building automation, consumer electronics, industrial, automotive, and healthcare industries. The wireless sensor network market is expected to grow with a CAGR of 18% from 2019 to 2024. The major drivers for this market are increasing demand for smartphones and wearable devices, growth in internet connectivity, reducing cost of sensors, and increasing demand for remote monitoring services.
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In this market, various wireless sensors, such as accelerometers, magnetometers, gyroscopes, inertial sensors, motion sensors, pressure sensors, and image sensors, are used in various end use industries.
Within the wireless sensor network market, building automation will remain the largest segment due to increasing adoption for automation to increase the energy efficiency of buildings and to reduce the energy cost.
Asia Pacific is expected to witness the highest growth over the forecast period due to increasing demand for smartphones and growth in connected devices.
Intel Corporation, Texas Instruments, Stmicroelectronics, TE Connectivity, NXP Semiconductor, Honeywell International, Invensense, Sensirion, Episenso, and Helium Systems are among the major manufacturers of wireless sensor networks.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the wireless sensor network market by end use industry, sensor type, connectivity type, and region. Lucintel has prepared a comprehensive research report titled “Wireless Sensor Network Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the wireless sensor network market by sensor type, end use industry, connectivity type, and region as follows:
By Sensor Type [$M shipment analysis for 2013 – 2024]:
Accelerometers
Magnetometers
Gyroscopes
Inertial Sensors
Motion Sensors
Pressure and Force Sensors
Temperature and Humidity Sensors
Microphones and Microspeakers
Medical-based Sensors
Image Sensors
Touch Sensors
Others
By End Use Industry [$M shipment analysis for 2013 – 2024]:
Building Automation
Consumer Electronics
Healthcare
Industrial
Automotive
Others
By Connectivity Type [$M shipment analysis for 2013 – 2024]:
Wi-Fi
Bluetooth
Cellular Network
GPS/GNSS Module
ZigBee
NFC
Other
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
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 click on this link https://www.lucintel.com/wireless-sensor-report.aspx or 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.