Industrial Wireless Sensors Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_0099146
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 7.35 |
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The Industrial Wireless Sensors Market size is estimated to grow at a CAGR of 8.45% between 2022 and 2032. The market size is forecast to increase by USD 4,567.23 million. The growth of the market depends on several factors, including the increasing demand for real-time monitoring and control in industrial processes, the need for cost-effective and flexible sensor solutions, and the growing adoption of Industrial Internet of Things (IIoT) technologies. Industrial wireless sensors are devices that wirelessly transmit data from various industrial processes to a central control system, enabling efficient monitoring and control of operations. They are widely used in industries such as manufacturing, oil and gas, chemical, and automotive, among others.
Industrial Wireless Sensors Market Overview:
Drivers:
One of the key factors driving the industrial wireless sensors market growth is the increasing demand for real-time monitoring and control in industrial processes. Traditional wired sensors often require complex and costly wiring installations, limiting their flexibility and scalability. Industrial wireless sensors, on the other hand, offer a wireless communication infrastructure that enables real-time data transmission from remote or hard-to-reach locations. This wireless connectivity allows for easy installation, reduces wiring costs, and provides flexibility in sensor placement, thereby improving operational efficiency and productivity in industrial processes.
Moreover, the need for cost-effective and flexible sensor solutions is also driving the market growth. Industrial wireless sensors eliminate the need for extensive wiring infrastructure, reducing installation and maintenance costs. They can be easily deployed in both new and existing industrial facilities, enabling quick and cost-effective sensor network expansions. Additionally, wireless sensors offer the advantage of easy reconfiguration and relocation, allowing for flexible monitoring and control of different processes or equipment as per changing operational requirements.
Trends:
A key trend shaping the industrial wireless sensors market is the integration of advanced communication protocols and edge computing capabilities. Manufacturers are incorporating protocols such as WirelessHART, ISA100.11a, and Zigbee into industrial wireless sensors, enabling reliable and secure wireless communication in harsh industrial environments. These communication protocols provide robust connectivity, low power consumption, and support for large-scale sensor networks. Furthermore, the integration of edge computing capabilities in wireless sensors allows for local data processing and analysis, reducing latency and enabling real-time decision-making at the sensor level.
Furthermore, there is a growing adoption of Industrial Internet of Things (IIoT) technologies, which is driving the market. Industrial wireless sensors play a crucial role in IIoT deployments by providing real-time data from various industrial processes. These sensors enable remote monitoring, predictive maintenance, and optimization of industrial operations, leading to improved efficiency, reduced downtime, and cost savings. The increasing focus on digital transformation and the implementation of smart factory concepts are fueling the demand for industrial wireless sensors in the industrial sector.
Restraints:
One of the key challenges hindering the industrial wireless sensors market growth is the concern over data security and privacy. Wireless communication in industrial environments is susceptible to potential security breaches, including unauthorized access, data interception, and tampering. As industrial wireless sensors transmit critical operational data, ensuring the security and integrity of this data becomes crucial. Manufacturers and end-users need to implement robust security measures, such as encryption, authentication, and intrusion detection systems, to mitigate these security risks and build trust in wireless sensor networks.
Industrial Wireless Sensors Market Segmentation By Application:
The manufacturing segment is estimated to witness significant growth during the forecast period. Industrial wireless sensors play a vital role in monitoring and controlling various manufacturing processes, including production lines, equipment performance, and inventory management. These sensors enable real-time data collection, analysis, and optimization of manufacturing operations, leading to improved productivity, quality, and cost efficiency. The adoption of wireless sensors in the manufacturing sector is driven by the need for process automation, predictive maintenance, and continuous improvement in operational efficiency.
The oil and gas segment is also expected to contribute to the market growth. Industrial wireless sensors are widely used in the oil and gas industry for monitoring critical parameters such as temperature, pressure, and flow in remote or hazardous locations. These sensors enable real-time monitoring of equipment and pipelines, early detection of leaks or abnormalities, and efficient asset management. The adoption of wireless sensors in the oil and gas sector is driven by the need for safety, regulatory compliance, and operational optimization.
Industrial Wireless Sensors Market Segmentation By Type:
The temperature sensors segment is expected to dominate the market during the forecast period. Temperature sensors are widely used in industrial processes to monitor and control temperature variations in equipment, machinery, and environments. Wireless temperature sensors offer advantages such as remote monitoring, high accuracy, and real-time alerts, enabling proactive maintenance and preventing equipment failures or process deviations. The increasing focus on energy efficiency, safety, and quality control in industrial processes is driving the demand for wireless temperature sensors.
Regional Overview:
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North America is estimated to contribute significantly to the growth of the global industrial wireless sensors market during the forecast period. The region has a strong presence of key industrial players, technological advancements, and a high adoption rate of IIoT technologies, driving the demand for industrial wireless sensors. The implementation of smart manufacturing initiatives, such as Industry 4.0, and the focus on improving operational efficiency further support market growth in North America.
Europe is also expected to witness substantial growth in the industrial wireless sensors market. The region has a well-established industrial sector and stringent regulations promoting energy efficiency and environmental sustainability. The increasing adoption of wireless sensor networks in industries such as automotive, chemical, and pharmaceuticals is driving the market in Europe.
Industrial Wireless Sensors Market Customer Landscape:
The industrial wireless sensors market industry report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Who are the Major Industrial Wireless Sensors Market Companies?
Companies are implementing various strategies, such as product launches, partnerships, mergers and acquisitions, and geographical expansion, to enhance their presence in the market.
Some of the major companies operating in the industrial wireless sensors market include:
- ABB Ltd.
- Emerson Electric Co.
- Honeywell International Inc.
- OMRON Corporation
- Schneider Electric SE
- Siemens AG
- Texas Instruments Inc.
- Yokogawa Electric Corporation
The research report also includes detailed analyses of the competitive landscape of the market and information about key market players. Data is qualitatively analyzed to categorize companies based on their market presence and strength.
Segment Overview:
The industrial wireless sensors market report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032)
o Manufacturing
o Oil and Gas
o Chemical
o Automotive
o Others
- Type Outlook (USD Million, 2019 - 2032)
o Temperature Sensors
o Pressure Sensors
o Level Sensors
o Flow Sensors
o Others
- Geography Outlook (USD Million, 2019 - 2032)
o North America
- The U.S.
- Canada
o Europe
- K.
- Germany
- France
- Rest of Europe
o Asia Pacific
- China
- India
o South America
- Brazil
- Argentina
- Rest of South America
o Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
TABLE OF CONTENTS: GLOBAL Industrial Wireless Sensors MARKET
Chapter 1. MARKET SYNOPSIS
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. EXECUTIVE SUMMARY
2.1. Summary Snapshot, 2016 - 2027
Chapter 3. INDICATIVE METRICS
3.1. Macro Indicators
Chapter 4. Industrial Wireless Sensors MARKET SEGMENTATION & IMPACT ANALYSIS
4.1. Industrial Wireless Sensors Segmentation Analysis
4.2. Industrial Outlook
4.3. Price Trend Analysis
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.5.1. Power Of Suppliers
4.5.2. Power Of Buyers
4.5.3. Threat Of Substitutes
4.5.4. Threat Of New Entrants
4.5.5. Competitive Rivalry
Chapter 5. Industrial Wireless Sensors MARKET BY TYPE INSIGHTS & TRENDS
5.1. Segment 1 Dynamics & Market Share, 2019 & 2027
5.2. Type 1
5.2.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
5.2.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
5.3. Type 2
5.3.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
5.3.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
Chapter 6. Industrial Wireless Sensors MARKET BY APPLICATION INSIGHTS & TRENDS
6.1. Segment 2 Dynamics & Market Share, 2019 & 2027
6.2. Application 1
6.2.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.2.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
6.3. Application 2
6.3.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.3.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
6.4. Application 3
6.4.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.4.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
6.5. Application 4
6.5.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.5.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
Chapter 7. Industrial Wireless Sensors MARKET REGIONAL OUTLOOK
7.1. Industrial Wireless Sensors Market Share By Region, 2019 & 2027
7.2. NORTH AMERICA
7.2.1. North America Industrial Wireless Sensors Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.2.2. North America Industrial Wireless Sensors Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.2.3. North America Industrial Wireless Sensors Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.2.4. North America Industrial Wireless Sensors Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.2.5. U.S.
7.2.5.1. U.S. Industrial Wireless Sensors Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.2.5.2. U.S. Industrial Wireless Sensors Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.2.5.3. U.S. Industrial Wireless Sensors Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.2.5.4. U.S. Industrial Wireless Sensors Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.2.6. CANADA
7.2.6.1. Canada Industrial Wireless Sensors Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.2.6.2. Canada Industrial Wireless Sensors Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.2.6.3. Canada Industrial Wireless Sensors Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.2.6.4. Canada Industrial Wireless Sensors Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3. EUROPE
7.3.1. Europe Industrial Wireless Sensors Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.2. Europe Industrial Wireless Sensors Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.3. Europe Industrial Wireless Sensors Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.4. Europe Industrial Wireless Sensors Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3.5. GERMANY
7.3.5.1. Germany Industrial Wireless Sensors Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.5.2. Germany Industrial Wireless Sensors Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.5.3. Germany Industrial Wireless Sensors Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.5.4. Germany Industrial Wireless Sensors Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3.6. FRANCE
7.3.6.1. France Industrial Wireless Sensors Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.6.2. France Industrial Wireless Sensors Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.6.3. France Industrial Wireless Sensors Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.6.4. France Industrial Wireless Sensors Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3.7. U.K.
7.3.7.1. U.K. Industrial Wireless Sensors Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.7.2. U.K. Industrial Wireless Sensors Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.7.3. U.K. Industrial Wireless Sensors Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.7.4. U.K. Industrial Wireless Sensors Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4. ASIA-PACIFIC
7.4.1. Asia Pacific Industrial Wireless Sensors Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.2. Asia Pacific Industrial Wireless Sensors Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.3. Asia Pacific Industrial Wireless Sensors Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.4. Asia Pacific Industrial Wireless Sensors Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.5. CHINA
7.4.5.1. China Industrial Wireless Sensors Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.5.2. China Industrial Wireless Sensors Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.5.3. China Industrial Wireless Sensors Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.5.4. China Industrial Wireless Sensors Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.6. INDIA
7.4.6.1. India Industrial Wireless Sensors Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.6.2. India Industrial Wireless Sensors Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.6.3. India Industrial Wireless Sensors Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.6.4. India Industrial Wireless Sensors Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.7. JAPAN
7.4.7.1. Japan Industrial Wireless Sensors Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.7.2. Japan Industrial Wireless Sensors Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.7.3. Japan Industrial Wireless Sensors Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.7.4. Japan Industrial Wireless Sensors Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.8. AUSTRALIA
7.4.8.1. Australia Industrial Wireless Sensors Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.8.2. Australia Industrial Wireless Sensors Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.8.3. Australia Industrial Wireless Sensors Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.8.4. Australia Industrial Wireless Sensors Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.5. MIDDLE EAST AND AFRICA (MEA)
7.5.1. Mea Industrial Wireless Sensors Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.5.2. Mea Industrial Wireless Sensors Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.5.3. Mea Industrial Wireless Sensors Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.5.4. Mea Industrial Wireless Sensors Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.6. LATIN AMERICA
7.6.1. Latin America Industrial Wireless Sensors Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.6.2. Latin America Industrial Wireless Sensors Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.6.3. Latin America Industrial Wireless Sensors Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.6.4. Latin America Industrial Wireless Sensors Market Estimates And Forecast By Production Process, 2016 -2027, (USD Million)
7.6.5. Latin America Industrial Wireless Sensors Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
Chapter 8. COMPETITIVE LANDSCAPE
8.1. Market Share By Manufacturers
8.2. Strategic Benchmarking
8.2.1. New Product Launches
8.2.2. Investment & Expansion
8.2.3. Acquisitions
8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures
8.3. Vendor Landscape
8.3.1. North American Suppliers
8.3.2. European Suppliers
8.3.3. Asia-Pacific Suppliers
8.3.4. Rest Of The World Suppliers
Chapter 9. COMPANY PROFILES
9.1. Company 1
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2. Company 2
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3. Company 3
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
9.4. Company 4
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Insights
9.4.4. Strategic Initiatives
9.5. Company 5
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Insights
9.5.4. Strategic Initiatives
9.6. Company 6
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Insights
9.6.4. Strategic Initiatives
9.7. Company 7
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Insights
9.7.4. Strategic Initiatives
9.8. Company 8
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Insights
9.8.4. Strategic Initiatives
9.9. Company 9
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Insights
9.9.4. Strategic Initiatives
9.10. Company 10
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Insights
9.10.4. Strategic Initiatives
List of Tables and Figures
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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