Press release
Wireless Sensors Market 2020 Precise Outlook - Phoenix Sensors LLC, Monnit Corporation, Pasco Scientific, Point Six Wireless LLC
The Global Wireless Sensors Market Perspective, Comprehensive Analysis along with Major Segments and Forecast, 2020-2025.The report provides a unique tool for evaluating the Wireless Sensors Market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends to identify emerging technologies and development and focuses on market capacities and on the changing structure of the Wireless Sensors Industry.
Market Overview:
The wireless sensors market was valued at USD 7.28 billion in 2019, and it is expected to reach USD 10.41 billion by 2025, registering a CAGR of 24.2% during the forecast period of 2020-2025. The increase in the adoption of wireless technology is expected to drive the wireless sensors market during the forecast period. Wireless sensors offer several advantages, such as accuracy and reliability, with the help of various innovative technologies, such as RFID and Bluetooth, in addition to the potential to make electronic devices easy to integrate. As a result, they gained significant traction in the past few years.
Top Companies: Phoenix Sensors LLC, Monnit Corporation, Pasco Scientific, Point Six Wireless LLC (Mesa Laboratories Inc. ), Interlogix Inc. (United Technologies Corporation), Siemens AG, Texas Instruments Incorporated, Emerson Electric Co., Honeywell International Inc.
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These sensors are mostly used in factory settings for data monitoring of production flow. These also find applications in defense, building automation, and other industries, like materials handling and food and beverage. Due to the increasing quest for new energy sources, government regulations, renewable energy development, and rapid technological advancements, the wireless sensors market is expected to witness a steady growth.
- Wireless technology is mostly being deployed for IoT applications, allowing direct connection over Wi-Fi, 3G or 4G mobile data networks or local wireless networks. Many wireless devices include built-in intelligence that enables them to identify and link to the wireless building network automatically by pushing a button that adds the device to the network.
Key Market Trends
Increasing Adoption of Wireless Technologies to Drive the Market Growth
- Wireless technology has been playing a key role in the communication process, as various new forms of wireless technology are becoming essential for emerging technologies, including robots, drones, self-driving vehicles, and new medical devices.
- Several manufacturers are heavily investing in technology, in order to cater to emerging verticals, such as smart cities and vehicle monitoring, which are profoundly impacted by the adoption of wireless sensing technologies.
- Due to the substantial investments in the industry, new wireless sensor technologies can be developed and the existing infrastructure can be upgraded to support IoT and automation. These factors are expected to drive the growth of the market.
Explore Full Report With Detailed TOC Here:
https://www.marketinsightsreports.com/reports/07202153469/wireless-sensors-market-growth-trends-and-forecasts-2020-2025?mode=Amt
Asia Pacific to Account for a Significant Market Growth
- Asia-Pacific is the largest region in the electrical and electronics manufacturing market. The region is also a significant vendor of wireless sensor technologies, especially in China and Japan.
- Countries, such as China and Japan, are also embracing smart manufacturing, which includes the use of control systems, such as PLC, and SCADA, among others, for various purposes, such as asset monitoring and remote process monitoring. For instance, China aims to establish its intelligent manufacturing system and complete the transformation of the key industries by 2025.
- The standardization of autonomous driving and advanced driver assistance systems (ADAS) in the region is expected to boost the market. The Ministry of Industry and Information Technology of the Chinese government issued the key working points of Intelligent Connected Vehicle Standardization for 2018, in order to promote and facilitate the development of the intelligent connected vehicles industry.
- The significant demand for smartphones and other consumer electronics devices from countries, such as India, China, Japan, and Singapore, is encouraging many vendors to set up production establishments in the region. The abundant availability of raw materials and low establishment and labor costs also helped the companies to establish their production centers in the region.
Competitive Landscape
- In Nov 2019 - Monnit Corporation announced an increase in memory (by 525%) of ALTA wireless sensors. ALTA Sensors can store 3,200 data points, in case communication with the gateway is interrupted.
- In Oct 2019 - Honeywell International Inc. announced that its pressure sensors were being used to help test a range of innovative technologies, including the next-generation advanced unmanned aerial vehicles (UAVs). It supplied its TruStability RSC Series and HSC Series Digital Board Mount Pressure Sensors to Surrey Sensors Ltd (SSL), for integration into high-precision measurement systems that are used in a variety of sectors, including aerospace and Formula 1.
Significant Features that are under Offering and Key Highlights of the Reports:
-Detailed overview of Wireless Sensors Market
-Changing Wireless Sensors market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current and projected Wireless Sensors market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Wireless Sensors Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com|irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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