Global Wireless Sensor Network Market
Added: (Mon Jun 03 2019)
Pressbox (Press Release) -
Global Wireless Sensor Network Market size was valued at US$ 29.34 Bn in 2017 and is expected to reach US$ 116.2 Bn by 2026 to exhibit a CAGR of 18.77 % during the forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, End-user Industry Type-validated market data and projections with a suitable set of assumptions and methodology.
The report also helps in understanding Global Wireless Sensor Network Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTERs analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Global Wireless Sensor Network Market.
The wireless sensor network is a group of spatially distributed and dedicated sensors for monitoring and recording the physical situations of the environment and organizing the collected data at a central location. Wireless sensor network measure environmental circumstances like temperature, sound, pollution levels, humidity, wind, and so on.
The major driving factors of the global wireless sensor network market are increasing demand for remote monitoring, the rising market for end-user industry such as healthcare, automotive & transportation, aerospace & defense, BFSI, smart devices, and wearable devices.
The key restraint of the global wireless sensor network market is low privacy and security concerns and difficulty in the standardization of wireless sensor network. The key Challenge of this market is Limited power source. The increasing adoption of smart technologies, with smart cities and smart connected solutions, is producing new business opportunities for wireless sensor network market.
Wearable devices segment holds a large share of the market due to it contains products such as smart watches, smart glasses, wearable cameras, and activity monitors. The wearable device sector is a fast-growing application area for IoT and has been moving to digitization, constituting the evolution of wireless sensor networks in this industry.
Healthcare segment holds a large share of the market because wireless sensor network plays a critical role in the growth of new technologies that support in patient monitoring, diagnostics, and therapy. Medical devices that can measure daily actions and collect vital data over sensors in emergency rooms and data analytics tools are estimated to increase importance with the development of healthcare systems. Movable medical, diagnostic, and wearable devices have been considered below this segment.
North America held a major share of the wireless sensor network market due to The improved R&D in the field of IOT in terms of technology, the increasing demand for improved lifestyle are the two essential factors driving the growth of the wireless sensor network market in North America. In addition, the growing R&D at both academic and industry levels is expanding the application areas of IoT in various applications such as building automation, retail, automotive & transportation, and healthcare.
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The scope of the Global Wireless Sensor Network Market
Global Wireless Sensor Network Market, by Offering
Hardware
Software
Services
Global Wireless Sensor Network Market, by Sensor Type
Ambient Light Sensors
Motion & Position Sensors
Temperature Sensors
Heart Rate Sensors
Pressure Sensors
IMUs
Accelerometers
Blood Glucose Sensors
Image Sensors
Humidity Sensors
Carbon Monoxide Sensors
Blood Oxygen Sensors
Flow Sensors
Level Sensors
Chemical Sensors
ECG Sensors
Others
Global Wireless Sensor Network Market, by Connectivity Type
Wi-Fi
Bluetooth
Bluetooth/WLAN
Cellular Network
GPS/GNSS Module
Bluetooth Smart/BLE
ZigBee
NFC
WHART
ISA100
ANT+
Wireless Sensor Network Market, by End-user Industry Type
Building Automation
Wearable Devices
Healthcare
Industrial
Automotive & Transportation
Oil and Gas
Retail
Agriculture
Aerospace & Defense
BFSI
Global Wireless Sensor Network Market, by Region
North America
Europe
Asia-Pacific
Middle East & Africa
South America
Key Players operating in the Global Wireless Sensor Network Market
Intel Corporation
Huawei Investment & Holding Co., Ltd.
Dell Incorporation
Texas Instruments Inc.
Cisco Systems Inc.
Hewlett Packard Enterprise Co.
NXP Semiconductors N.V.
TE Connectivity Ltd.
Advantech Co., Ltd.
ABB Ltd.
Honeywell International Inc.
Broadcom Limited
Srobert Bosch GmbH
Eurotech S.P.A
Invensense, Inc.
Infineon Technologies AG
Analog Devices, Inc.
Emerson Electric Company
Sensirion AG
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