March 4, 2024

Wireless Sensor Market To Worth USD 105.18 Billion By 2032

The global wireless sensor market size was valued at USD 18.78 billion in 2023 and is expected to be worth around USD 105.18 billion by 2032, rising at a CAGR of 21.1% during the forecast period from 2023 to 2032.

Wireless Sensor Market Size 2023 To 2032

Key Takeaways

  • North America contributed more than 38% of revenue share in 2022.
  • Asia Pacific is estimated to expand the fastest CAGR between 2023 and 2032.
  • By product type, the biosensors segment has held the largest market share of 21% in 2022.
  • By product type, the level sensors segment is anticipated to grow at a remarkable CAGR of 24.5% between 2023 and 2032.
  • By industry vertical, the consumer electronics segment generated over 24% of revenue share in 2022.
  • By industry vertical, the agriculture segment is expected to expand at the fastest CAGR over the projected period.

The wireless sensor market report offers an exclusive study of the present state expected at the market dynamics, opportunities, market scheme, growth analysis and regional outlook. The report presents energetic visions to conclude and study the market size, market aspiration, and competitive environment. The research also focuses on the important achievements of the market, research & development, and regional (country by country) growth of the leading vendors operating in the market

The study offers intricate dynamics about different aspects of the global wireless sensor market, which aids companies operating in the market in making strategies development decisions. The study also elaborates on remarkable changes that are highly anticipated to configure growth of the global wireless sensor market during the forecast period. It also includes a key indicator analysis that highlights growth prospects of this market and approximate statistics related to growth of the market in terms of value (US$ Mn) and volume (tons).

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Wireless Sensor Market Scope

Report CoverageDetails
Growth Rate from 2023 to 2032CAGR of 21.1%
Market Size in 2023USD 18.78 Billion
Market Size by 2032USD 105.18 Billion
Largest MarketNorth America
Base Year2022
Forecast Period2023 to 2032
Segments CoveredBy Product Type and By Industry Vertical
Regions CoveredNorth America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

This study covers an elaborate segmentation of the global wireless sensor market, along with important information and a competition outlook. The report mentions company profiles of players that are currently influence the global wireless sensor market, wherein various developments, expansions, and winning strategies practiced and execute by leading players have been presented in detail.

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Recent Developments

  • In 2022, Honeywell introduced an innovative sustainability solution focused on carbon emissions monitoring and optimization, successfully deployed in its own facilities. Utilizing the Honeywell Versatilis™ Signal Scout™ wireless Industrial IoT leak detection sensors, the system allows organizations to monitor emissions in near real-time, aiding industrial sectors in achieving greenhouse gas reduction targets.
  • STMicroelectronics, a prominent semiconductor leader, unveiled its third-generation MEMS sensors in February 2022, delivering enhanced performance for consumer mobiles, smart industries, healthcare, and retail. In a collaborative effort with Metalenz Inc. in June 2021, STMicroelectronics embarked on a co-development and license agreement to advance Metalenz’s meta-optics technology for smartphones, consumer devices, healthcare, and automotive applications.
  • In March 2020, TE Connectivity successfully completed the public takeover of First Sensor AG, a global player in sensor technology with expertise in chip design and production. First Sensor specializes in developing standard and custom sensor solutions for industrial, medical, and transportation applications.
  • Furthermore, in May 2021, Honeywell expanded its portfolio with the development of two robust Inertial Measurement Units (IMU) designed for military and rugged industrial environments. The HG1125 and HG1126 sensors are engineered to withstand extreme shocks, making them suitable for applications with harsh impact scenarios such as ballistics tests.

Wireless Sensor Market Players

  • Honeywell International Inc.
  • STMicroelectronics
  • TE Connectivity Ltd.
  • Siemens AG
  • Texas Instruments Incorporated
  • Emerson Electric Co.
  • ABB Ltd.
  • Bosch Sensortec
  • NXP Semiconductors
  • Schneider Electric SE
  • General Electric Company
  • Analog Devices, Inc.
  • Infineon Technologies AG
  • IBM Corporation
  • Sensirion AG

Segments Covered in the Report

By Product Type

  • Biosensors
  • Temperature Sensor
  • Pressure Sensor
  • Humidity Sensors
  • Gas Sensors
  • Flow Sensors
  • Level Sensors
  • Motion and Positioning Sensors
  • Others

By Industry Vertical

  • Consumer Electronics
  • Industrial
  • Automotive and Transportation
  • Aerospace and Defense
  • Healthcare
  • Agriculture
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Research Methodology

The research methodology acquire by analysts for assemble the global wireless sensor market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.

For secondary research, analysts study numerous annual report declaration, white papers, market association declaration, and company websites to obtain the necessary understanding of the global wireless sensor market.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Wireless Sensor Market 

5.1. COVID-19 Landscape: Wireless Sensor Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Wireless Sensor Market, By Product Type

8.1. Wireless Sensor Market Revenue and Volume, by Product Type, 2023-2032

8.1.1. Biosensors

8.1.1.1. Market Revenue and Volume Forecast (2020-2032)

8.1.2. Temperature Sensor

8.1.2.1. Market Revenue and Volume Forecast (2020-2032)

8.1.3. Pressure Sensor

8.1.3.1. Market Revenue and Volume Forecast (2020-2032)

8.1.4. Humidity Sensors

8.1.4.1. Market Revenue and Volume Forecast (2020-2032)

8.1.5. Gas Sensors

8.1.5.1. Market Revenue and Volume Forecast (2020-2032)

8.1.6. Flow Sensors

8.1.6.1. Market Revenue and Volume Forecast (2020-2032)

8.1.7. Level Sensors

8.1.7.1. Market Revenue and Volume Forecast (2020-2032)

8.1.8. Motion and Positioning Sensors

8.1.8.1. Market Revenue and Volume Forecast (2020-2032)

8.1.9. Others

8.1.9.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 9. Global Wireless Sensor Market, By Industry Vertical

9.1. Wireless Sensor Market Revenue and Volume, by Industry Vertical, 2023-2032

9.1.1. Consumer Electronics

9.1.1.1. Market Revenue and Volume Forecast (2020-2032)

9.1.2. Industrial

9.1.2.1. Market Revenue and Volume Forecast (2020-2032)

9.1.3. Automotive and Transportation

9.1.3.1. Market Revenue and Volume Forecast (2020-2032)

9.1.4. Aerospace and Defense

9.1.4.1. Market Revenue and Volume Forecast (2020-2032)

9.1.5. Healthcare

9.1.5.1. Market Revenue and Volume Forecast (2020-2032)

9.1.6. Agriculture

9.1.6.1. Market Revenue and Volume Forecast (2020-2032)

9.1.7. Others

9.1.7.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 10. Global Wireless Sensor Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

10.1.2. Market Revenue and Volume Forecast, by Industry Vertical (2020-2032)

10.1.3. U.S.

10.1.3.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

10.1.3.2. Market Revenue and Volume Forecast, by Industry Vertical (2020-2032)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

10.1.4.2. Market Revenue and Volume Forecast, by Industry Vertical (2020-2032)

10.2. Europe

10.2.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

10.2.2. Market Revenue and Volume Forecast, by Industry Vertical (2020-2032)

10.2.3. UK

10.2.3.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

10.2.3.2. Market Revenue and Volume Forecast, by Industry Vertical (2020-2032)

10.2.4. Germany

10.2.4.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

10.2.4.2. Market Revenue and Volume Forecast, by Industry Vertical (2020-2032)

10.2.5. France

10.2.5.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

10.2.5.2. Market Revenue and Volume Forecast, by Industry Vertical (2020-2032)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

10.2.6.2. Market Revenue and Volume Forecast, by Industry Vertical (2020-2032)

10.3. APAC

10.3.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

10.3.2. Market Revenue and Volume Forecast, by Industry Vertical (2020-2032)

10.3.3. India

10.3.3.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

10.3.3.2. Market Revenue and Volume Forecast, by Industry Vertical (2020-2032)

10.3.4. China

10.3.4.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

10.3.4.2. Market Revenue and Volume Forecast, by Industry Vertical (2020-2032)

10.3.5. Japan

10.3.5.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

10.3.5.2. Market Revenue and Volume Forecast, by Industry Vertical (2020-2032)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

10.3.6.2. Market Revenue and Volume Forecast, by Industry Vertical (2020-2032)

10.4. MEA

10.4.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

10.4.2. Market Revenue and Volume Forecast, by Industry Vertical (2020-2032)

10.4.3. GCC

10.4.3.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

10.4.3.2. Market Revenue and Volume Forecast, by Industry Vertical (2020-2032)

10.4.4. North Africa

10.4.4.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

10.4.4.2. Market Revenue and Volume Forecast, by Industry Vertical (2020-2032)

10.4.5. South Africa

10.4.5.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

10.4.5.2. Market Revenue and Volume Forecast, by Industry Vertical (2020-2032)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

10.4.6.2. Market Revenue and Volume Forecast, by Industry Vertical (2020-2032)

10.5. Latin America

10.5.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

10.5.2. Market Revenue and Volume Forecast, by Industry Vertical (2020-2032)

10.5.3. Brazil

10.5.3.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

10.5.3.2. Market Revenue and Volume Forecast, by Industry Vertical (2020-2032)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Volume Forecast, by Product Type (2020-2032)

10.5.4.2. Market Revenue and Volume Forecast, by Industry Vertical (2020-2032)

Chapter 11. Company Profiles

11.1. Honeywell International Inc.

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. STMicroelectronics

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. TE Connectivity Ltd.

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Siemens AG

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Texas Instruments Incorporated

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Emerson Electric Co.

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. ABB Ltd.

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Bosch Sensortec

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. NXP Semiconductors

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Schneider Electric SE

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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