The US wireless sensors market is expected to grow to USD 1.10 billion by 2021 at a CAGR of 25.73% over the period 2016-2021. The growth of the US wireless sensors market is currently being hindered by the maturity of the end-user segment and environmental impact on sensors. Manufacturers focus on investing in R&D activities to improve accuracy and reliability. Further, industry participants emphasize product differentiation in order to avoid price competition. The US accounted for around 83% market share of the North American wireless sensors market in 2014 and is estimated to be the largest market in North America during the forecast period.
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 material 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 that 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 US wireless sensors market is segmented on the basis of type (temperature, pressure, surveillance, leak, flow, humidity, chemical, position, and others), and industry (energy, manufacturing, healthcare, defense, transportation, banking, retail, and others).
This report gives 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 the US wireless sensors market. Some of the top companies mentioned in the report are:
- ABB Ltd. (Switzerland)
- Emerson Process Management (US)
- Siemens AG (Germany)
- Texas Instruments (US)
What the Report Offers
- Market definition for wireless sensors in the US along with identification of key drivers and restraints for the market.
- Market analysis for the US wireless sensors market with region-specific assessments and competition analysis on regional scale.
- Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a regional scale.
- Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
- Identification and analysis of the macro and micro factors that affect the US wireless sensors market on a regional scale.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
