Global Wireless IoT Sensors Market Analysis, Trends and Opportunities 2020-2026
Summary -
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Global Wireless IoT Sensors Market
Research Report - Forecast till 2025
Market
Snapshot
The Global
Wireless IoT Sensors Market is accounted for to reach 32.87% CAGR during the
study period. The IoT has transformed the approach of connectivity in a
significant way to leverage the businesses. The IoT sensors are distributed
across large geographic areas and programmed to communicate with central hubs,
gateways, and servers. The major advantage of a wireless sensor is they require
a low level of maintenance and a small amount of power to function. The two
most common arrangements for wireless sensors are the star and mesh
terminologies.
The Global
Market for Wireless IoT Sensors is evaluated to reach a tremendous growth
during the forecast period. North America is expected to dominate the wireless
IoT sensors market during the forecast period followed by Europe. The regional
market growth is driven by the existing infrastructure and the presence of
major players in this region. The regional market is led by the US owing to the
increasing demand for smartphones, home appliances, consumer electronic
products, vehicles, and defense products to increase the demand for wireless
IoT sensors.
Europe was
evaluated as the second largest market share in 2018. The technology revolution
in smart homes and gaming applications and the growing applications of IoT
sensors in industries are driving factors for the regional market. The trending
5G technology has made connectivity of IoT accessible and set off the scope of
IoT sensors in industrial automation, logistics & supply chain, automotive,
electronics, and healthcare sectors.
Segmentation
The global
market for wireless IoT sensors is categorized based on Component, Type,
Technology, and Vertical.
By the
component segment, the market is segregated into hardware, software, and
services. Based on type, the market is further divided into Image Sensor,
Motion Sensor, Proximity Sensor, Pressure Sensor, Magnetometer, Humidity
Sensor, Temperature Sensor, Touch Sensor, Accelerometer, Gyroscope, Flow
Sensor, and Others.
The
technology segment of global wireless IoT sensors has been further segmented
into Wi-Fi, Bluetooth, ZigBee, NFC, Z-Wave, RFID, and Others. The vertical
segment is further categorized as Industrial IoT, Consumer IoT, and Commercial
IoT
Regional
Analysis
By Region,
the Global Wireless IoT Sensors Market is segmented into North America, Europe,
Asia-Pacific (APAC), and the rest of the world.
Asia-Pacific
region envisions leading the global wireless IoT sensors market due to the
existence of developing economies such as India, Japan, and China. The regional
market growth is attributed to the rising industrial segment, increasing the
rate of small and medium-sized enterprises (SMEs). The innovations in IoT and
wireless networking, rising demand for wireless IoT sensors in medical device
manufacturing, automobiles, and consumer electronics are some of the factors
driving the regional market.
Major
Players
The Major
Players of the Global Wireless IoT Sensors Market are Honeywell International
Inc. (US), Ltd (Japan), FUJITSU (Japan), SmartThings Inc. (US), Texas
Instruments Incorporated (US), STMicroelectronics (US), TE Connectivity
(Switzerland), NXP Semiconductors (Netherlands), Omron Corporation (Japan), TDK
Corporation (Japan), Broadcom Inc. (US), Analog Devices, Inc. (US), Murata Manufacturing
Co., Infineon Technologies AG (Germany), Robert Bosch GmbH (Germany), and Sony
Corporation (Japan).
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