The growing adoption of robotics and automation in numerous end-user industries such as transportation, oil & gas, automotive, and healthcare is bolstering the wireless sensors network market. The same can be allied with the latest market research report released from IndustryARC that evaluates the global wireless sensor network market size at $29.23 billion as of 2018. The market size is projected to increment at a healthy compound annual growth rate of 18.24% during the forecast period of 2019 to 2025. The report is titled “[URL=https://industryarc.com/PressRelease/963/Wireless-Sensor-Network-Market-Research.html]Wireless Sensor Network Market[/URL]: By Type (Pressure, Temperature, Flow, Humidity, Others) Technology (Bluetooth, Wi-Fi, Others) By Industry (Automotive, Oil & Gas, Others) By Application (Home Automation, Industrial Automation, Others) & Geography – Forecast (2019 - 2025).” Global Wireless Sensor Network Market: Leading Segments
By region, North America is placed as the most lucrative for the player operating in the wireless sensor network market. The region accounted for 35.31% of the total wireless sensor network market share in 2018.
Financial products and services are gaining popularity in both the developing and developed economies. Increasing disposable income, changing lifestyle, and increasing awareness towards the benefits of insurance is driving growth in the BFSI application of the wireless sensor networks market. According to the IndustryARC analyst, this application will grow at a CAGR of 20.53% through the forecast period of 2019 to 2025
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[URL]https://www.industryarc.com/Report/211/Wireless-Sensor-Network-Market-Research-Report.html[/URL]
Global Wireless Sensor Network Market Analysis
Healthcare: The inclusion of AI has optimized the healthcare monitoring systems with wireless ad hoc networks, radio transceiver, wearable devices sensors, temperature sensors, pressure sensors, and other healthcare sensors. According to the National Centre for Biotechnology Information (NCBI), the global geriatrics population is estimated to reach 1.3 billion by 2040.
Industrial Automation: According to the International Federation of Robotics, the adoption of industrial robots is accelerating at pace 30% annually since 2017, surpassing the mark of 2 million industrial robots.
Wearable sensors: Healthcare is one of the heftiest sectors that seemed to be employing wearable sensors in various operations and methods. Moreover, the automotive sector precisely, Formula 1 and MotoGP drivers are equipped with such sensors to track multiple aspects of the race.
Global Wireless Sensor Network Market: Competitive Landscape
Some of the key companies identified in the report that are currently ahead of the curve in the wireless sensor network market are Intel Corporation, ABB Ltd., Texas Instruments Inc., Huawei Investment & Holding Co., Cisco Systems Inc., STMicroelectronics N.V., TE Connectivity Ltd., NXP Semiconductor N.V., Dell Inc.,
About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.