Press release
Wireless Sensors Network Market Emerging Trends, Business Opportunity and Global Outlook 2021 to 2025: ABB Ltd, Atmel Corporation, Siemens AG, ST Microelectronics, NXP Semiconductors
The Wireless Sensors Network Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The wireless sensors network market was valued at USD 46.76 billion in 2019 and is expected to reach USD 123.93 billion by 2025, at a CAGR of 17.64% over the forecast period 2020 - 2025.
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Competitive Landscape:
Top Companies: ABB Ltd, Atmel Corporation, Siemens AG, ST Microelectronics, NXP Semiconductors, General Electric Company, Emerson Electric Co., Analog Devices, Radiocrafts AS, Honeywell International Inc., Silicon Laboratories, Yokogawa Electric Corporation
- March 2018 - Lord Corporation announced the launch of new network ready wireless gateway. The new WSDA 2000 Wireless Sensor Data Aggregator connects high speed sensor data directly to the cloud. By using this, users can capture up to 256,000 samples per second across the wireless sensor network, with up to 4,000 samples per second per node.
- November 2017 - Honeywell launched new connected gas sensors to support safe industrial operations. The new Sensepoint XRL is a fixed gas detector that monitors industrial operations for specific hazardous gases, such as carbon monoxide or methane.
Market Overview:
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 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).
Scope of the Report
Wireless sensor networks are small-sized, a low-cost wireless communication enabled sensors that are used to build various monitoring and control networks, which are used in diverse fields, like industrial automation, process control, agriculture, hospital monitoring systems, asset tracking, climate sensing, etc.
Key Market Trends:
North America is Expected to Account for the Largest Market Share
- North America has emerged as the priority choice for the market vendors in the market studied, as the region is highly benefitted by the presence of the critical infrastructure necessary for the solution.
- Adoption of smart factories, intelligent manufacturing, and the presence of many industrial wireless sensors network manufacturers are expected to drive the growth of the North American market in the near future.
- The presence of a number of key players, such as ABB Ltd, Emerson Electric Co., and Honeywell International Inc. is also expected to prompt the growth of the market in this region.
- Moreover, the North American freight railroad industry is also trying to leverage WSN onboard railcars for advanced monitoring and alerting. In railroad environments, freight train WSNs exhibit a linear chain-like topology of significant length.
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What are the market influences that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Wireless Sensors Network Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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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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