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Global Wireless Sensors Market Size, Share, Growth, Forecast: By Product Type: Temperature Sensors, Pressure Sensors, Chemical and Gas Sensors, Biosensors, Humidity Sensors, Flow Sensors, Level Sensors, Others; By Industry Vertical: Consumer Electronics, Industrial, Others; Regional Analysis; Competitive Landscape; 2023-2028
Global Wireless Sensors Market Outlook
The global wireless sensors market size reached a value of approximately USD 14.4 billion in 2022. The market is further projected to grow at a CAGR of 20.10% between 2023 and 2028, reaching a value of USD 43.21 billion by 2028.
Key Trends in the Market
Wireless sensors refer to recording and monitoring tools equipped with radio transceivers, computing and sensing systems, and power components. Wireless sensors convert signals into radio transmissions and have the ability of measuring real time physical conditions including pollution level, pressure, pH, and temperature, among others.
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- Increasing applications of wireless sensors across the healthcare sector is one of the key wireless sensors market trends. Sensors play a crucial role in the safe operation of various medical devices in hospital wards, dental practices, and intensive care units, among others. They are also used in diagnosing, treating, monitoring, and preventing injuries and diseases and in ventilators for providing life saving treatments.
- Rising research and development activities have significantly improved the functioning of wireless sensors and increased their utilisation in various end-use industries including defence, food and beverage, and automation, among others.
- Wireless sensors are also enabling efficient precision farming practices by collecting and analysing data such as soil acidity, air pressure, soil moisture parameters, and water and air temperature to improve crop yield.
Market Analysis
On the basis of product type, the wireless sensors market segmentation includes temperature sensors, pressure sensors, chemical and gas sensors, biosensors, humidity sensors, flow sensors, level sensors, and motion and positioning sensors, among others. Based on industry vertical, the market is segregated into consumer electronics, industrial, automotive and transportation, healthcare, agriculture, aerospace and defence, and energy and power, among others. On the basis of region, the market is classified into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global wireless sensors market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- ABB Ltd.
- Texas Instruments Incorporated
- Honeywell International Inc.
- Schneider Electric SE
- Siemens AG
- Emerson Electric Co.
- NXP Semiconductors N.V
- TE Connectivity Ltd.
- Advantech Co., Ltd.
- InvenSense, Inc.
- Others
Market Share by Product Type
Biosensors are expected to account for a significant share of the market over the forecast period. Wireless biosensors monitor biologically relevant parameters, biomolecules, and metabolites and aid in the management of morbid diseases, including brain cancer, Alzheimer’s, diabetes, and ischemia, among others. Continuous research and development activities are being encouraged to boost the functioning of wireless biosensors and aid the early detection of health imbalances. The growth of the wireless sensors market is also being supported by the increasing point of care diagnostic applications of wireless biosensors.
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Market Share by Region
The market for wireless sensors is estimated to witness a significant growth in the region of North America in the coming years. This growth can be attributed to the integration of the internet of things (IoT) and rising research and development activities on both industrial and academic levels. The spectrum of wireless sensor applications is expanding across sectors including construction, consumer electronics, automotive and transportation, and healthcare, among others. The rising applications of wireless sensors across energy sector for accurately measuring wind speed and humidity, among other purposes, are further boosting the wireless sensors market growth in North America.
Competitive Landscape
ABB Ltd. is an automation machinery manufacturing company that was founded in 1988 and is headquartered in Zurich, Switzerland. This company is known for automation and electrification and for enabling a resource efficient and sustainable future.
Honeywell International Inc. is an appliance, electrical, and electronics manufacturing company that was founded in 1906 and is headquartered in North Carolina, United States. The company primarily focuses on performance technologies and materials, and building technologies, among others.
Siemens AG is an engineering and manufacturing company that was founded in 1847 and is headquartered in Munich, Germany. The company specialises in automation, sustainability, artificial intelligence, and mobility, among others.
Other market players include Texas Instruments Incorporated, Schneider Electric SE, Emerson Electric Co., NXP Semiconductors N.V, TE Connectivity Ltd., Advantech Co., Ltd., and InvenSense, Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Industry Vertical |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Supplier Landscape |
|
| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Wireless Sensors Market Analysis
8.1 Key Industry Highlights
8.2 Global Wireless Sensors Historical Market (2018-2022)
8.3 Global Wireless Sensors Market Forecast (2023-2028)
8.4 Global Wireless Sensors Market by Product Type
8.4.1 Temperature Sensors
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Pressure Sensors
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Chemical and Gas Sensors
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Biosensors
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Humidity Sensors
8.4.5.1 Historical Trend (2018-2022)
8.4.5.2 Forecast Trend (2023-2028)
8.4.6 Flow Sensors
8.4.6.1 Historical Trend (2018-2022)
8.4.6.2 Forecast Trend (2023-2028)
8.4.7 Level Sensors
8.4.7.1 Historical Trend (2018-2022)
8.4.7.2 Forecast Trend (2023-2028)
8.4.8 Motion and Positioning Sensors
8.4.8.1 Historical Trend (2018-2022)
8.4.8.2 Forecast Trend (2023-2028)
8.4.9 Others
8.5 Global Wireless Sensors Market by Industry Vertical
8.5.1 Consumer Electronics
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Industrial
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Automotive and Transportation
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Healthcare
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Agriculture
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
8.5.6 Aerospace and Defence
8.5.6.1 Historical Trend (2018-2022)
8.5.6.2 Forecast Trend (2023-2028)
8.5.7 Energy and Power
8.5.7.1 Historical Trend (2018-2022)
8.5.7.2 Forecast Trend (2023-2028)
8.5.8 Others
8.6 Global Wireless Sensors Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Wireless Sensors Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Wireless Sensors Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Wireless Sensors Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Wireless Sensors Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Wireless Sensors Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 ABB Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Texas Instruments Incorporated
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Honeywell International Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Schneider Electric SE
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Siemens AG
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Emerson Electric Co.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 NXP Semiconductors N.V
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 TE Connectivity Ltd.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Advantech Co., Ltd.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 InvenSense, Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Wireless Sensors Market: Key Industry Highlights, 2018 and 2028
2. Global Wireless Sensors Historical Market: Breakup by Product Type (USD Billion), 2018-2022
3. Global Wireless Sensors Market Forecast: Breakup by Product Type (USD Billion), 2023-2028
4. Global Wireless Sensors Historical Market: Breakup by Industry Vertical (USD Billion), 2018-2022
5. Global Wireless Sensors Market Forecast: Breakup by Industry Vertical (USD Billion), 2023-2028
6. Global Wireless Sensors Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Wireless Sensors Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Wireless Sensors Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Wireless Sensors Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Wireless Sensors Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Wireless Sensors Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Wireless Sensors Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Wireless Sensors Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Wireless Sensors Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Wireless Sensors Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Wireless Sensors Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Wireless Sensors Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Global Wireless Sensors Market Structure
Key Questions Answered in the Report
The market size reached a value of approximately USD 14.4 billion in 2022.
The market is projected to grow at a CAGR of 20.10% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 43.21 billion by 2028.
The major market drivers include the growing adoption of wireless sensors for improved surveillance in the military and defence sector and increasing affordability of wireless sensors.
The key trends fuelling the growth of the market include the increasing applications of wireless sensors in healthcare, rising research and development activities, and growing utilisation of wireless sensors in precision farming.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant product types include temperature sensors, pressure sensors, chemical and gas sensors, biosensors, humidity sensors, flow sensors, level sensors, and motion and positioning sensors, among others.
The key players in the market are ABB Ltd., Texas Instruments Incorporated, Honeywell International Inc., Schneider Electric SE, Siemens AG, Emerson Electric Co., NXP Semiconductors N.V, TE Connectivity Ltd., Advantech Co., Ltd., and InvenSense, Inc., among others.
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