Wireless Sensor Market is Expected to Grow from $1.5 billion to $4.3 billion

Wireless Sensor Market is Expected to Grow from $1.5 billion to $4.3 billion

Wireless Sensors: Technologies and Global Markets

NEW YORK, Dec. 18, 2014 /PRNewswire/ — This report forecasts the market size of wireless sensors for the years 2014-2019. It deals exclusively with wireless technologies employed in the personal area network (PAN) and local area network (LAN) topologies. It also classifies the market size for wireless sensor devices for individual end-vertical application by various parameters measured in terms of dollar and unit sales. Analysis of the challenges posed by technology and business issues and the steps taken by industry stakeholders to counter these challenges are also included.

Use this report to:

– Analyze the challenges posed by technology issues (e.g., power management) and the steps taken by industry stakeholders to counter these challenges.

– Receive an overview of the activities of influential companies.

– Evaluate the market size for wireless sensor devices for individual end-vertical applications by region in terms of dollar and unit sales.

– Examine crucial, innovative breakthroughs by means of a detailed patent analysis.

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.

– Home automation and other indoor applications as a market segment is expected to reach $653 million in 2014. The segment is expected to grow to $1.6 billion in 2019, with a CAGR of 20.1% for the five-year period, 2014 to 2019.

– Energy infrastructure applications as a market segment is expected to reach $383 million in 2014. The segment is expected to grow to $1.1 billion in 2019, with a CAGR of 23.5% for the five-year period, 2014 to 2019.

INTRODUCTION

Wireless sensor devices connect sensors wirelessly among each other as well as to monitoring and management setups. This report forecasts the market size of wireless sensors for the years 2012-2019. This report is an update of the one published in 2011. The wireless sensor landscape is characterized by diversity on the following fronts:

– The parameter being sensed.

– The end-vertical application.

– Wireless technology adopted.

Consequently, the market for wireless sensors is fragmented and disorganized. This report straddles this diversity and presents a consolidated picture of the market. Since

the publication of the last report, wireless sensors continue to make new headways, but are unable to bite the bullet when it comes to consolidation among diverse wireless

technologies. This failure has resulted in an adverse impact on the growth rate, which nevertheless remains attractive. While the sensing principles of wireless sensors are consistent with that of wireline sensors, wireless sensors have the challenge of operating with an attractive form and with robust power management. The payout is spectacular. In most cases, wireless sensors beat their wireline counterparts hands down in the following aspects:

– Physical reach.

– Time to roll out and install.

– Pricing.

– Suitability in harsh operating environments.

Wireless sensor devices are the actual sensing elements that are present in the wireless sensor networks. They do not include gateways or management software. This report deals exclusively with wireless technologies employed in the personal area network (PAN) and local area network (LAN) topologies. It does not cover wide area networks (e.g., commercial cellular networks).

via Wireless Sensors: Technologies and Global Markets — NEW YORK, Dec. 18, 2014 /PRNewswire/ —.