Check Out The 360 Degree View Of Wireless IoT Sensors Market 2025 ($ 13,098.40 Million Market) - Global Reporting
October 22, 2019 by Market-NewsFlash
Global Wireless IoT Sensors Market Research Report: By Type (Temperature Sensor, Pressure Sensor, Humidity Sensor, Flow Sensors, Magnetosensors, Motion Sensors and others), by Technology (Wi-Fi, Bluetooth, NFC, Zigbee, EnOcean and others), by Application (Consumer Electronics, Appliances, Agriculture, Industrial Automation, Transportation, Healthcare and others), by Region (North America, Europe, Asia-Pacific and Rest of the World) — Forecast till 2025
The Global Wireless IoT Sensors Market size is expected to grow from USD 3,399.35 million in 2018 to USD 13,098.40 Million by 2025, at a CAGR of 30.97% during the forecast period. Factors such as increasing demand for IoT devices, growing need for real-time computing for IoT applications, rise in internet penetration rate globally, and reduced size and cost of IoT sensors drive the demand for wireless IoT sensors across the globe.
On the basis of type, the market has been segmented into temperature sensor, pressure sensor, humidity sensor, flow sensors, magnetosensors, motion sensors, and others. The pressure sensor segment dominated the market in 2018, whereas the motion sensor segment is expected to register the highest CAGR during the forecast period from 2019 to 2025.
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On the basis of technology, the market has been segmented into Wi-Fi, Bluetooth, NFC, ZigBee, EnOcean, and others. The Wi-Fi segment dominated the market in 2018, whereas the ZigBee segment is expected to register the highest CAGR during the forecast period from 2019 to 2025.
Wireless IoT Sensors Market
On the basis of application, the market has been segmented into consumer electronics, appliances, agriculture, industrial automation, transportation, healthcare, and others. The industrial automation segment is expected to dominate the review period. The consumer electronics segment is expected to register the highest CAGR during the forecast period.
The key players profiled in the global wireless IoT sensors industry research report are NXP Semiconductors N.V. (Netherland), Analog Devices, Inc. (US), Sensirion AG (Switzerland), Texas Instruments Inc. (US), Infineon Technologies AG (Germany), Sensata Technologies (US), Siemens AG (Germany), Honeywell International Inc. (US), TE Connectivity Ltd. (Switzerland), TDK Corporation (Japan), Broadcom Inc. (US), Murata Manufacturing (Japan), Bosch Sensortec (Germany), STMicroelectronics (Switzerland), and Omron Corporation (Japan).
The North American market has been segmented into the US, Canada, and Mexico. The regional market is expected to account for the highest share of the global wireless IoT sensors market during the review period. The growth of the market in North America can be attributed to the high concentration of market players, and easy availability of proficient technical expertise in the region. Furthermore, the growing adoption of wireless sensors and networks across major applications such as industrial, automotive and transportation, healthcare, and consumer electronics also drive the demand for wireless IoT sensors in the region.
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