Wireless Sensor Network Market Report: Trends, Forecast and Competitive Analysis to 2030

Wireless Sensor Network Trends and Forecast

The future of the global wireless sensor network market looks promising with opportunities in the automotive and transportation, aerospace and defence, oil and gas, healthcare, manufacturing, retail, and agriculture sectors. The global wireless sensor network market is expected to reach an estimated $184.6 billion by 2030 with a CAGR of 15.2% from 2024 to 2030. The major drivers for this market are growing preference for wireless network based auomated vehicles, rising demand for wireless temperature sensors ,and increasing application of these sensors in smart manufacturing processes.

A more than 150-page report is developed to help in your business decisions.

Wireless Sensor Network by Segment

The study includes a forecast for the global wireless sensor network by component, sensor type, application, end use industry, and region.

Wireless Sensor Network Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Hardware
• Software
• Services

Wireless Sensor Network Market by Sensor Type [Shipment Analysis by Value from 2018 to 2030]:

• MEMS Sensors
• CMOS-based Sensors
• LED Sensors
• Motion and Position Sensors
• Flow Sensors
• Others

Wireless Sensor Network Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Home and Building Automation
• Industrial Automation
• Military Surveillance
• Smart Transportation
• Patient Monitoring
• Machine Monitoring
• Others

Wireless Sensor Network Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Automotive and Transportation
• Aerospace and Defence
• Oil and Gas
• Healthcare
• Manufacturing
• Retail
• Agriculture
• Others

Wireless Sensor Network Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Wireless Sensor Network Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies wireless sensor network companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the wireless sensor network companies profiled in this report include-

• PARKER HANNIFIN
• Cisco Systems
• NXP Semiconductors
• Huawei Technologies
• Texas Instruments
• TE Connectivity
• Advantech
• ABB
• HONEYWELL INTERNATIONAL
• Bosch Sensor

Wireless Sensor Network Market Insights

Lucintel forecast that home and building automation is expected to witness highest growth over the forecast period due to growing use of Wi-Fi and ZigBee based wireless connections to automate household applications and create affordable as well as energy-efficient advancements.

Manufacturing will remain the largest segment due to widespread use of wireless sensors in a various manufacturing applications, such as machine condition monitoring, product tracking, quality control and environmental monitoring.

North America is expected to witness highest growth over the forecast period due to existence of major electronics manufacturer, rapid expansion of smart cities, and presence of key players in the region.

Features of the Global Wireless Sensor Network Market

Market Size Estimates: Wireless sensor network market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Wireless sensor network market size by various segments, such as by component, sensor type, application, end use industry, and region. in terms of value ($B).

Regional Analysis: Wireless sensor network market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different component, sensor type, application, end use industry, and region.s for the wireless sensor network market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the wireless sensor network market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1. What is the wireless sensor network market size?

Answer: The global wireless sensor network market is expected to reach an estimated $184.6 billion by 2030.

Q.2. What is the growth forecast for wireless sensor network market?

Answer: The global wireless sensor network market is expected to grow with a CAGR of 15.2% from 2024 to 2030.

Q.3. What are the major drivers influencing the growth of the wireless sensor network market?

Answer: The major drivers for this market are growing preference for wireless network based auomated vehicles, rising demand for wireless temperature sensors, and increasing application of these sensors in smart manufacturing processes .

Q.4. What are the major segments for wireless sensor network market?

Answer: The future of the wireless sensor network market looks promising with opportunities in the automotive and transportation, aerospace and defence, oil and gas, healthcare, manufacturing, retail, and agriculture sectors.

Q.5. Who are the key wireless sensor network market companies?

Answer: Some of the key wireless sensor network companies are as follows:

• Parker Hannifin
• Cisco Systems
• NXP Semiconductors
• Huawei Technologies
• Texas Instruments
• TE Connectivity
• Advantech
• ABB
• Honeywell
• Bosch Sensor

Q.6. Which wireless sensor network market segment will be the largest in future?

Answer: Lucintel forecast that home and building automation is expected to witness highest growth over the forecast period due to growing use of Wi-Fi and ZigBee based wireless connections to automate household applications and create affordable as well as energy-efficient advancements.

Q.7. In wireless sensor network market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to existence of major electronics manufacturer, rapid expansion of smart cities, and presence of key players in the region.

Q.8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the wireless sensor network market by component (hardware, software, and services), sensor type (MEMS sensors, CMOS-based sensors, LED sensors, motion and position sensors, flow sensors, and others), application (home and building automation, industrial automation, military surveillance, smart transportation, patient monitoring, machine monitoring, and others), end use industry (automotive and transportation, aerospace and defence, oil and gas, healthcare, manufacturing, retail, agriculture, and others), and region. (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.1. 1. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?