Europe Wireless Sensors Market Size

Statistics for the 2023 & 2024 Europe Wireless Sensors market size, created by Mordor Intelligence™ Industry Reports. Europe Wireless Sensors size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Europe Wireless Sensors Industry

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europe wireless sensors market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 23.10 %
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

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Europe Wireless Sensors Market Analysis

The European wireless sensor market is expected to register a CAGR of 23.1% during the forecast period (2021 - 2026). The growth in Industry 4.0 with the COVID-19 pandemic on the global scale has been acting as a catalyst that pushed the development of intelligent wireless sensors that help improve energy consumption with a high level of efficiency in the region. The growing range of pressure applications in industries contributes to developing single devices that can handle a range of pressures. Such devices are developed to simplify product designs, accelerate time to market and reduce sensory inventory costs of industrial manufacturers.

  • The growth of the wireless sensors market is driven by the application in the various end-user industries. Manufacturers invest in R&D activities to improve the accuracy and reliability of wireless sensors. Wireless sensors are used for data monitoring and other similar functions and in building automation, military and defense, and other industries, like food and beverage and material handling.
  • The key drivers influencing the wireless sensors market are the increasing need for new renewable energy development, energy sources, and other rapid technological advancements in the United Kingdom. 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.
  • Europe, which houses most automotive manufacturers, is expected to retain a substantial share in the market. The abundant availability of raw materials and the low establishment and labor costs have helped companies establish their manufacturing operations in the Asia-Pacific. It is expected that the vendors, to create an advantage of the first mover in technology transitioning, may adopt this evolution and invest in R&D according to their strategic vision.
  • Many retailers and grocery stores are using wireless sensors on the floor to help employees create positive experiences for customers. Wireless push sensors can help the shoppers to indicate when cleaning is needed. Wireless air temperature devices are also assisting the superstores in monitoring refrigerators and non-cold merchandise simultaneously.
  • Further, the energy and power sector has created an essential demand for wireless sensors in industrial applications. As energy conservation is increasingly important to reduce power consumption and its associated costs, accurate wireless sensors are required with appropriate wireless technologies helpful for testing devices for diesel truck emissions, wind engineering, wind energy systems, concerning new building design aerodynamics, ocean research, high-altitude weather research balloons, water pollution devices, smokestack mercury sampling, and atmospheric studies.

Europe Wireless Sensors Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)