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Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Wireless Sensor Network Market Size Growth Forecast: What to Expect by 2025?
The expansion of the wireless sensor network market has been swift in the past few years. The market is expected to rise from $103.05 billion in 2024 to $118.2 billion in 2025, with a compound annual growth rate (CAGR) of 14.7%. Factors contributing to this growth during the historic period include the emergence of new markets, a heightened demand for smart consumer appliances, and an increase in the need for remote monitoring.
How Will the Wireless Sensor Network Market Size Evolve and Grow by 2029?
In the ensuing years, the market size of the wireless sensor network is predicted to witness a speedy expansion. The market is projected to escalate to $225.59 billion by 2029, with a compound annual growth rate (CAGR) of 17.5%. The increase during the forecast period can be credited to government backing through key investments, surging demand for electric vehicles, mounting urbanization, and growing internet penetration. Some of the heavyweight trends that can be observed during the projection period include amalgamations and acquisitions, improvements in technology, strategic alliances, internet of things (iot) connectivity, and inventive product enhancements.
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What Drivers Are Propelling the Growth of Wireless Sensor Network Market Forward?
The wireless sensor network market is anticipated to grow due to the rising demand for intelligent consumer devices. Factors such as comfort, convenience, ease of operation, automation, affordability, security, among others, contribute to the growing consumer preference for these devices, enhancing their lives. As wireless sensor network technology is integral to making these devices intelligent through IoT and automation, this uptick in demand will also increase the need for this particular network. These networks accommodate requirements like remote home surveillance and cater to the public's escalating concerns about safety, security and comfort. For example, as per a 2022 study conducted by the Lithuania-based software company Oberlo, about 57.4 million American households are currently using smart home devices. This indicates a 6.7% rise from 2021, where the figure stood at 53.8 million households. Consequently, the surge in demand for intelligent consumer devices will result in the expansion of the wireless sensor network market.
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What Are the Key Trends Driving Wireless Sensor Network Market Growth?
Leading businesses in the wireless sensor network market are concentrating on generating novel tech solutions to solidify their market standing. For instance, in October 2024, XL Axiata, a telecommunication firm from Indonesia, partnered with Cisco to introduce a unique cloud-based Internet of Things (IoT) connectivity platform. This revolutionary platform strives to deliver limitless and scalable IoT solutions for multiple sectors, thereby improving operational effectiveness and connection. With this action, XL Axiata intends to equip companies with sophisticated IoT skills, utilizing Cisco's proficiency in networking and cloud tech to revolutionize the digital environment in Indonesia.
What Are the Key Segments in the Wireless Sensor Network Market?
The wireless sensor network market covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Sensor Type: Ambient Light Sensors, Motion And Position Sensors, Temperature Sensors, Heart Rate Sensors, Pressure Sensors, Image Sensors, Other Sensor Types
3) By Connectivity Type: Wi-Fi, Bluetooth, Cellular Network, GPS/GNSS Module, Zigbee, NFC, WHART, ISA100, Other Connectivity Types
4) By End-Use Industry: Building Automation, Wearable Devices, Healare, Industrial, Automotive And Transportation, Other End-Users
Subsegments:
1) By Hardware: Sensor Nodes, Wireless Transceivers, Controllers And Processors, Power Sources (Batteries, Energy Harvesters)
2) By Software: Network Management Software, Data Analysis Software, Application Software
3) By Services: Installation and Deployment Services, Maintenance and Support Services, Consulting Services
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Who Are the Key Players Shaping the Wireless Sensor Network Market's Competitive Landscape?
Major companies operating in the wireless sensor network market include NXP Semiconductors N.V., Texas Instruments Inc, Emerson Electric Co, STMicroelectronics N.V., Infineon Technologies AG, Analog Devices, TE Connectivity Ltd, Cisco Systems Inc, Siemens AG, ABB Ltd, pureLiFi. Private Company, BAE SYSTEMS PLC, Nikola Labs, OpenSignal, IntelliSense.io, SONAS Technology, Monnit, Holykell Technology Company Limited, Hansi Technology (shenzhen) Co. Ltd, Acrel E-Business (Shanghai) Co. Ltd, Bengbu SUNMOON Instrument Research Institute Co. Ltd, Foshan SCS Medical Instrument Co. Ltd, Ningbo Haishu Kaiau Electronics Co. Ltd, Anhui Ronds Science & Technology Incorporated Company, SPIRENT COMMUNICATIONS PLC, UR Group Ltd, Adaptive Wireless Solutions Ltd, TEKTELIC, Sigfox, Acceco, Networks Pl, SiliconBrane, Parker Hannifin Corporation, Aretas Sensor Networks Inc, Intel Corporation, TeleSense, Synaptics, Semtech Corporation, Eleven-X, NOVUS Automation Inc, DEV Tecnologia, Adperc Representações Comerciais Ltda, VackerGlobal, VISIO AE, IoT Plus Middle East for Control Equipment LLC, SENSOR NETWORKS (PTY) LTD, HOPE MicroElectronics, Powalert
What Geographic Markets Are Powering Growth in the Wireless Sensor Network Market?
North America was the largest region in the wireless sensor network market in 2024. The regions covered in the wireless sensor network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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