The Asia Pacific wireless sensors market is expected to increase to $0.96 billion by 2018 at a CAGR of 25.29% over the period 2014-2020. The growth of the Asia Pacific Wireless Sensors Market is currently being hindered by Maturity of End-User Segment and Environmental impact on sensors. Manufacturers focus on investing in R&D activities as accuracy and reliability are major product selection criteria. Further, industry participants emphasize on product differentiation in order to avoid price competition. Asia Pacific accounted for around 25% market share of the global wireless sensors market in 2014 and estimated to be the highest growth rate during the forecast period. The Asia Pacific market is expected to augur significant growth in the coming years. It is growing at the fastest pace, as compared to the other regions, owing to the presence of emerging countries such as India and China, which offer huge potential for growth.
Wireless sensors are used in factory settings for data monitoring, flow of production and other similar functions, as well as in building automation, defense and other industries like materials handling and food and beverage. The increasing quest for new energy sources, renewable energy development, government regulations, and rapid technological advancements are the key drivers which are making the wireless sensors market to grow lucratively. They are also a vital component in smart grids for remote monitoring of transformers and power lines where they are put into service to monitor line temperature and weather conditions.
The Asia Pacific Wireless Sensors Market is segmented on the basis of Type (Temperature, Pressure, Surveillance, Leak, Flow, Humidity, Chemical, Position, and Others), & Industry (Energy, Manufacturing, Healthcare, Defense, Transportation, Banking, Retail, and Others).
This report describes a detailed study of the Porter�s five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies and competition analysis.
The report also considers key trends that will impact the industry and profiles over 10 leading suppliers of Asia Pacific Wireless Sensors Market. Some of the top companies mentioned in the report are Abb Ltd (Switzerland), Emerson Process Management (U.S.), Siemens AG (Germany), Texas Instruments (U.S.), and among others.
What the report offers