The global wireless sensor network market is accruing pervasively; mainly due to the augmenting demand for the wireless network in some burgeoning industries such as oil gas and transportation. Additionally, factors such as the growing automation and robotics industry and high reliability of wireless sensor network act as a tailwind to the market growth, escalating the market to further heights on the global platform.
Acknowledging the exponential growth, the market perceives currently; Market Research Future (MRFR) in its recently published study report asserts that the global wireless sensor network market is estimated to witness an outstanding growth by 2022, posting a striking CAGR of 14% throughout the forecast period (2016 – 2022).
Increasing interference on wireless sensor networks is becoming a key issue in the deployment of wireless sensor networks and wireless communication systems. Simultaneously, with the emergence of 5G communications systems and the Internet of Things (IoT), there are over 50,000 Mn. wireless devices are expected to be on the global space by the year 2020. Given the distribution of radiated output by a transmitter in a specific scenario enables optimal radio planning to take place. This presages the kind of growth the market will be witnessing soon.
Additional factors substantiating the market growth include the proliferation of the Internet, IoT, and connected devices. Besides the BYOD trend in the organizations is fostering the growth of the wireless sensor network market, serving as an emerging growth opportunity in the market.
The widespread adoption and demand, in turn, foster the market growth of wireless sensor network to a large extent. Moreover, augmented uptake of these networks in military and homeland security is providing impetus to the market growth. On the other hand, skepticism of end-user consumers towards the uptake of this embryonic technology coupled with the risk of failure of wireless sensor network may restrict its adoption further hindering the market growth.
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Key Players:
The fervent players in the market of wireless sensor network market are Endress+Hauser AG (Switzerland), ABB Ltd. (Switzerland), Emerson Electric Co. (U.S.), ST Microelectronics (Switzerland), General Electric Company (U.S.), Siemens AG (Germany), Honeywell International Inc. (U.S.), Texas Instruments (U.S.), Schneider Electric SA (France), and Yokogawa Electric Corporation (Japan).
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Wireless Sensor Network Market – Segmentations
MRFR has segmented its analysis into six key dynamics for the convenience of understanding.
By Applications: Industrial, Oil gas, Entertainment, Precision Agriculture, Transport, Military, Mining, Food Beverage, Healthcare, and Environment Monitoring among others.
By Sensors: Pressure, Temperature, Humidity, and Flow among others.
By Technologies: Bluetooth, Wi-Fi, and WirelessHART among others.
By Types: Terrestrial, Underground, Underwater, Multimedia, and Mobile WSNs among others.
By Topologies: Star, Tree and Mesh Topologies.
By Regions: North America, Europe, APAC and the Rest-of-the-World (RoW)
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Global Wireless Sensor Network Market – Geographical Analysis
The North American region holds the largest market share in the global wireless sensor network market and is also expected to be the largest revenue generator owing to the continuous technological advancements in the region. The market is mainly driven by the U.S. and Canada owing to the vast developments in the field of technology and the presence of giant technology companies.
The European region has acquired the next largest market share in the global wireless sensor network market. The resurging economy in the region is undoubtedly contributing to the market growth significantly, augmenting the uptake of wireless sensor network across the region. The Europe wireless sensor network market is expected to grow with a strong CAGR from 2016 to 2022.
The Asia Pacific region is emerging as one of the lucrative markets for the wireless sensor network, globally. Factors such as increasing urbanization and growing sectors such as healthcare, manufacturing, and OG backed by the improving economy in the region, foster the market growth. The APAC wireless sensor network market is expected to post a remarkable CAGR during 2016-2022.
