Press release
PMR Says Industrial Wireless Sensor Network Market Will Continue to Generate Major Revenue by 2025
Increasing demand for more advanced solutions such as embedded computing technologies, advanced wireless communication services, connected devices; extreme miniaturization technologies lead the demand for industrial wireless sensor network. It is the new revolution in industrial sector where the advent of industrial wireless sensor network standards created the new opportunity for wireless sensor network vendors. Previously, these vendors were focusing on military applications only for battlefield surveillance. Now, due to increasing awareness about wireless sensors network and education about its benefits, industrial wireless sensor market has been reached at tipping point across diversified industrial sector such as healthcare, manufacturing, oil & gas, automotive, metal & mining and among others.
Industrial automation is one of the major sectors in industrial wireless sensor market. The industrial automation requires cloud based systems and IoT platform to streamline complex industrial manufacturing process. These systems and platforms are majorly dependent on industrial wireless sensor networks to automate the manufacturing process. Therefore, industrial automation boosts the demand for industrial wireless sensor networks.
Industrial Wireless Sensor Network Market: Drivers and Challenges
Centralized monitoring feature, cheap cost for industrial wireless sensor networks, less complexity, easy accessibility and flexibility features drive the industrial wireless sensor network. Sensors in industrial wireless network are connected through main node that monitors all the connected nodes across industrial wireless sensor networks which helps to centralize the monitoring process. Industrial wireless sensor networks’ easy accessibility across multiple devices and flexibility to add new workstations as needed increases the growth of industrial wireless sensors market.
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However, more complexity and security concerns are major challenges which restrain the growth of industrial wireless sensor network market. Industrial wireless sensor networks are connected through multiple wireless sensor networks which create the complexity in monitoring process. These networks can be accessed by multiple devices wirelessly where users cannot control propagation of waves and hackers can easily hack these networks which restrain adoption of industrial wireless sensor networks
Industrial Wireless Sensor Network Market: Competitive Landscape
Industrial wireless sensor network market is fragmented by large enterprises and SMEs. In this market large enterprise majorly focuses on multinational companies to provide its industrial wireless sensor networks and SMEs are majorly focusing on local market where small and medium enterprises needs customized solutions based on their need. Some of the major market players in industrial wireless sensor network market are ABB Ltd, Atmel Corporation, Endress+Hauser AG, Emerson Electric Co., and General Electric Company.
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Industrial Wireless Sensor Network Market: Regional Overview
Industrial wireless sensor network market is currently dominated by North America region and this region will have largest market share in the forecasting period due to increasing adoption IOT and cloud based technologies. Europe industrial wireless sensor network market is accounted second largest market share, as this region is more influenced by industrial automation. Asia-Pacific excluding Japan Loyalty Management market expected to have high growth rate, due to high adoption rate of wireless technologies across China, India and other APAC countries
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