Press release
Wireless Sensor Network Market 2021 Grow At A 18.3% CAGR and Forecasts by 2028 | With Top Key Companies: PARKER HANNIFIN CORP, Cisco Systems, Inc., NXP Semiconductors, Huawei Technologies Co., Ltd., Texas Instruments Incorporated...
Wireless Sensor Network Market 2021-2028
New study report " Wireless Sensor Network Market 2021 Global Market Opportunities, Challenges, Strategies, and Forecasts 2028" has been added to Fortune Business Insights.
Market Overview-
The global wireless sensor network market size is predicted to reach USD 148.67 billion by 2026, exhibiting a CAGR of 18.3% during the forecast period. The increasing government initiatives for smart city projects and infrastructure development will spur demand for advanced wireless sensors and networks, which in turn, will boost the wireless sensor network market growth during the forecast period. Moreover, the rising focus towards green infrastructure to reduce air pollution as well sustainability will create new opportunities for the wireless sensor network market revenue in the forthcoming years.
As per the published report by Fortune Business Insights, titled “Wireless Sensor Network Market Size, Share & Industry Analysis, By Component (Hardware, Software, and Services), By Sensor Type (MEMS Sensors, CMOS-based Sensors, LED Sensors, Motion and Position Sensor, Flow Sensor, and Others), By Application (Home and Building Automation, Industrial Automation, Military Surveillance, Smart Transportation, Patient Monitoring, Machine Monitoring, and Others), By End-User (Automotive and Transportation, Aerospace and Defence, Oil and Gas, Healthcare, Manufacturing, Retail, Agriculture, and Others) and Regional Forecast, 2019-2026” the market size stood at USD 38.99 billion in 2018.
Key Players:
The key players have an essential part to play in fostering the product improvement as per the demand of the consumers with ample supply in particular regions. The well-known brands are also acknowledged and aware of the potential links with the global Wireless Sensor Network Market 2021-2028 for showing a prominent place to the key players in the market.
Top Key Players in this market are:
PARKER HANNIFIN CORP
Cisco Systems, Inc.
NXP Semiconductors
Huawei Technologies Co., Ltd.
Texas Instruments Incorporated
TE Connectivity
Advantech Co., Ltd.
ABB
Honeywell international Inc.
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Competitive Landscape-
Investment in R&D by Key Players to Heat up Competition
Major competitors in this market are singularly focused on enhancing their research and development capacity, according to the Wireless Sensor Network market report. This is enabling players to not just launch new products and diversify their offerings, but is also consolidating their position in the market.
Market Driver-
Stellar Demand for Autonomous Vehicles to Augment Growth
The rising demand for connected vehicles has fuelled demand for wireless sensors and networks, thus aiding growth of the market. The growing concerns regarding air pollution will spur demand for autonomous vehicles, which in turn will augur well for the market. The growing awareness about the benefits of wireless networks in autonomous vehicles such as automobile pollution control, car theft control, headlight intensity control, vehicle site detection, and vehicle health monitoring, will boost the wireless sensor network market trends in the forthcoming years. Moreover, wireless sensors improve the interconnectivity and reduces maintenance task of autonomous vehicles. This, factor will create lucrative business opportunities for the market. In addition, the launch of innovative products by major players will enable speedy growth of the market. For instance, in November 2017,
Honeywell International Inc. an American publicly traded, multinational, conglomerate company unveiled Sensepoint XRL, a ground-breaking connected gas detector that helps in monitoring industrial processes for extremely dangerous gases, such as carbon monoxide or methane in order to support safety in industrial operations.
Regional Insights-
High Adoption of Advanced Technology to Support Growth in North America
The market in North America stood at USD 11.27 billion and is predicted to rise significantly during the forecast period due to increasing adoption of WSN, especially in the military and defense sector. Moreover, the presence of leading companies will stimulate growth in the region. Asia Pacific is predicted to witness high growth in the forthcoming years owing to the rapid urbanization and industrialization. The surge in safety requirements along with booming automotive industry will encourage growth in Asia Pacific. In addition, the implementation of wireless sensors across various industries such as, agriculture, automotive, and healthcare in India, China, and Japan can be vital factor in augmenting growth in the region during the forecast period.
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The report additionally provides the following information:
Detailed study of the factors driving the market;
Thorough analysis of the roadblocks facing the market;
In-depth research into the various market segments;
Exhaustive assessment of the regional prospects of the market; and
Comprehensive evaluation of the competitive dynamics shaping the market.
Table of Content:
Introduction
Executive Summary
Market Dynamics
Key Insights
Global Wireless Sensor Market Analysis, Insights and Forecast, 2015-2026
North America Wireless Sensor Market Analysis, Insights and Forecast, 2015-2026
Europe Wireless Sensor Market Analysis, Insights and Forecast, 2015-2026
Asia Pacific Wireless Sensor Market Analysis, Insights and Forecast, 2015-2026
Middle East & Africa Wireless Sensor Market Analysis, Insights and Forecast, 2015-2026
Latin America Wireless Sensor Market Analysis, Insights and Forecast, 2015-2026
Competition Matrix
Global Wireless Sensor Market Revenue Share Analysis, 2018
Company Profile
Continue….
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About Us:
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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