Market Size of Wireless Sensors Network Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 17.64 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Wireless Sensors Network (WSN) Market Analysis
The Wireless Sensors Network Market is expected to register a CAGR of 17.64% over the forecast period 2022 - 2027. There are many applications of wireless sensors network in robotics, such as advanced robotic sensing, multiple robot coordination, robot planning and navigation, and robot localization. Using wireless sensors network helps emergency response robots to be conscious of conditions, such as electromagnetic field monitoring, forest fire detection, etc.
- The growing automation and robotics industry, increasing demand for a wireless sensor network in asset monitoring, security, and transportation, and improved reliability with the communication technology advancements are the significant factors driving the market for wireless sensors network (WSN).
- Owing to the increased government regulation for the increased use of the sensor for safety, the demand for wireless sensors is growing, for instance, the areas with challenging environmental conditions, such as extreme high pressure, high temperature, etc. With the help of wireless sensors, it becomes easy to control and monitor the facility from a safe distance continually. They help to acquire the data from locations that are difficult to access.
- Further, in June 2021, Salunda launched a wireless sensor network that secures the connectivity of critical production, operational, and safety systems in the oil and gas industry, such as Red Zone management and real-time location applications.
- The rising adoption of IoT (Internet-of-Things) is another major factor driving the market's growth. This growth in IoT-connected devices is projected to fuel the demand for wireless sensor networks.
- Sensor manufacturers heavily invest in technology to cater to emerging verticals, such as smart cities and autonomous vehicles, which are substantially dependent on wireless technologies. Innovation in sensor technologies, such as intelligent sensors, is expected to support the rapid adoption of wireless technologies in the market. All these factors may contribute to the growth of the wireless sensor network market.
- Wireless sensor network has witnessed immense growth as technology companies worldwide accelerated innovation due to COVID-19. The need for small devices is behind advances in electronics, thus, ranging from thermal imaging and faster point-of-care testing to microfluidics-based polymerase chain reaction (PCR) tools and techniques to detect SARS-CoV-2.
- Wireless temperature sensors in the market employ IoT connectivity to speed up COVID-19 screening. Multiple companies are collaborating to develop a series of human body temperature monitoring wearable devices. The sensors of the wearable devices offer real-time data to frontline healthcare workers and let them quickly screen individuals with a high temperature, one of the most common symptoms of COVID-19.
- Moreover, Shanghai Public Health Clinical Center (SPHCC) used a California-based connected health startup VivaLNK's continuous wireless temperature sensor network, to monitor COVID-19 patients. This technique reduces the risks of caregivers being exposed to the virus.