Wireless Sensor Network Market is estimated to be US$ 225.58 billion by 2030 with a CAGR of 17.2% during the forecast period

 

Wireless Sensor Network Market accounted for US$ 46.76 billion in 2020 and is estimated to be US$ 225.58 billion by 2030 and is anticipated to register a CAGR of 17.2%. Wireless sensor networks (WSNs) are a new type of wireless network that is quickly gaining traction in both civilian and military applications. A wireless sensor network (WSN) is a network of distributed, independent sensor devices that are used to monitor physical or environmental variables. A WSN is made up of a network of interconnected small sensor nodes that communicate and share information and data. These nodes collect data about the environment, such as temperature, pressure, humidity, and pollution levels, and relay it to a base station. Depending on the type and volume of data being watched, the latter delivers the information to a wired network or triggers an alarm or action.

The report "Global Wireless Sensor Network Market, By Sensor Type (Chemical & Gas Sensor, Humidity Sensor, Motion & Position Sensor, Temperature Sensor, Pressure Sensor, Level Sensor, Flow Sensor, and Image & Surveillance Sensor), By Technology (Wi-Fi, WLAN, Wireless HART, ZigBee, and Bluetooth), By Application (Food & Beverages, Automotive, Energy and Power, Healthcare, Oil & Gas, Chemical, and Public sector), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029’’

Key Highlights:

·         In November 2019, STMicroelectronics has released the STM32WB50 Value Line wireless microcontrollers, which are designed for cost-conscious connected devices that require Bluetooth® 5.0, ZigBee® 3.0, or OpenThread compatibility.

Analyst View:

The market for wireless sensor networks is being driven by the growing automation and robotics industry, rising need for wireless sensor networks in asset monitoring, security, and transportation, and better reliability with communication technology advances (WSN).

The key trends affecting the sector on a worldwide basis have been significant investments in the industry to develop new sensor technologies and upgrade existing infrastructure to facilitate IoT and automation. Sensor makers are investing extensively in technology in order to meet the needs of developing verticals such as smart cities and autonomous vehicles, which rely largely on wireless technologies.

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Key Market Insights from the report:

Global Wireless Sensor Network Market accounted for US$ 46.76 billion in 2020 and is estimated to be US$ 225.58 billion by 2030 and is anticipated to register a CAGR of 17.2%. Global Wireless Sensor Network is segmented into sensor type, technology, application and region.

·         Based on Sensor Type, the Global Wireless Sensor Network Market is segmented into Chemical & Gas Sensor, Humidity Sensor, Motion & Position Sensor, Temperature Sensor, Pressure Sensor, Level Sensor, Flow Sensor, and Image & Surveillance Sensor.

·         Based on Technology, the Global Wireless Sensor Network Market is segmented into Wi-Fi, WLAN, Wireless HART, ZigBee, and Bluetooth.

·         Based on Application, the Global Wireless Sensor Network Market is segmented into (Food & Beverages, Automotive, Energy and Power, Healthcare, Oil & Gas, Chemical, and Public sector.

·         By Region, the Global Wireless Sensor Network Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Global Wireless Sensor Network Market:

The key players in the global Wireless Sensor Network Market includes ABB Ltd., Atmel Corporation, Emerson Electric Co., Endress Hauser AG, Freescale Semiconductor Inc., General Electric Company, Honeywell International Inc., Siemens AG, ST Microelectronics N.V., Yokogawa Electric Corporation and Analog Devices Inc..

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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