Report Highlights
The global wireless sensors market should reach $32.4 billion by 2028 from $12.3 billion in 2023 at a compound annual growth rate (CAGR) of 21.4% for the forecast period of 2023 to 2028.
Report Includes
- 57 data tables and 14 additional tables
- An updated overview of global markets for the wireless sensor applications
- Analyses of market trends, with data from 2022, estimates for 2023, and projections of compound annual growth rates (CAGRs) through 2028
- Estimation of the market size for wireless sensor technologies, both in value and volumetric terms, and corresponding market share analysis by type of wireless sensor standard/technology, measurable parameter, application, and geographic region
- Description of the technology and innovations behind wireless sensor development and production; and analysis of opportunities, deterrents, and trends affecting the growth of this market
- Details of numerous wireless sensors technologies such as RFID, ZigBee, RF4CE and EnOcean and comparison between Bluetooth and Bluetooth smart sensors
- Coverage of events like mergers and acquisitions, joint ventures, collaborations or partnerships, and other key strategies adopted by leading players in the wireless sensors market
- Market share analysis of various manufacturers/suppliers of various wireless sensors, and their product overviews and competitive landscape
- Company profiles of major industry players of the industry, including ABB Ltd., Emerson Electric Co., Jacobs Engineering Inc., Robert Bosch GmbH and Texas Instruments Inc.
Report Scope
The scope of the report includes an overview of the global wireless sensors market as well as the analysis of global market trends. The data included in the report considers 2022 as the base year, and estimates for 2023 through 2028, with projections of CAGR in the forecast period. Revenue forecasts for this period are segmented based on measurable parameters, wireless standard/technology, end-use application and geography.
The report also offers an in-depth analysis of the competitive landscape within the wireless sensors market, focusing on key dynamics that drive success. It examines critical factors such as research and development capabilities, market presence, brand strength, and the influence of ecosystems and partnerships. The report includes profiles of wireless sensor manufacturers, providing valuable insights into their strategies and offerings. Additionally, the report assesses the impact of the COVID-19 pandemic on the market, considering the challenges and opportunities that have emerged as a result.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2022 | ||||||||||||||||||||||||||
| Forecast period considered | 2023-2028 | ||||||||||||||||||||||||||
| Base year market size | $10.2 billion | ||||||||||||||||||||||||||
| Market size forecast | $32.4 billion | ||||||||||||||||||||||||||
| Growth rate | CAGR of 21.4% | ||||||||||||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||||||||||||
| Segments covered | Measurable parameter, Wireless standard/technology, and End-use application, | ||||||||||||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, and Rest of the World (ROW) | ||||||||||||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- By Measurable Parameters.
- By Wireless Standard/Technology.
- By End-use Application.
- By Region.
Analyst Credentials
Austin Samuel – Consultant-Technology Research
Austin Samuel is an experienced professional with nearly a decade of industry experience in research and analysis, specializing in Information Technology. He has conducted extensive research and provided comprehensive syndicate and custom reports on the developments and application of information technology across multiple industries for international and domestic clients. He exhibits exceptional analytical abilities and strategic thinking and has contributed significantly to the team. Academically, Austin holds a master’s degree in Marketing and IT and a bachelor’s degree in Electrical and Electronics.
Report Highlights
The global market for wireless sensor technologies should grow from $4.3 billion in 2021 to $6.7 billion by 2026, at a compound annual growth rate (CAGR) of 9.4% during the forecast of 2021-2026.
Report Highlights
The global market for wireless sensor devices will grow from nearly $2.4 billion in 2016 to nearly $7.7 billion by 2021 with a compound annual growth rate (CAGR) of 26.7% for the period of 2016-2021.
Report Highlights
The global market for wireless sensor devices reached nearly $1.2 billion in 2013. This market is expected to grow to $1.5 billion in 2014 and $4.3 billion in 2019, with a compound annual growth rate (CAGR) of 23.7% between 2014 and 2019.
Report Highlights
The global market for wireless sensor devices totaled $532 million in 2010 and $790 million in 2011. This market is expected to increase at a 43.1% compound annual growth rate (CAGR) and reach an estimated $4.7 billion by 2016.
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