Industrial Wireless Sensor Networks Market – Snapshot

According to a new market report published by Transparency Market Research titled “Industrial Wireless Sensor Networks Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the global industrial wireless sensor networks market is expected to reach US$ 5,383.8 Mn by 2026. The market is projected to expand at a CAGR of 12.3% during the forecast period from 2018 to 2026. According to the report, the global industrial wireless sensor networks market will continue to be influenced by a range of factors such as their better reliability and availability compared to conventional industrial wired sensor networks, reduced maintenance cost, and their increasing use in manufacturing industry. Asia Pacific will continue to be at the forefront of global demand, holding bulk of the share of the market throughout the forecast years.

industrial wireless sensor networks iwsn market

Others segment expected to be more lucrative

The global industrial wireless sensor networks market is segmented by type into Flow, Gas, Temperature, Pressure, and Others (Level, Humidity etc.). Others segment is expected to surpass US$ 2,000 Mn by 2026. The investments in new and advanced industrial wireless sensor networks around the world is expected to be a major driver of growth.

ZigBee expected to dominate the market around the globe

On the basis of technology, the industrial wireless sensor networks market is segmented into Bluetooth, ZigBee, Wi-Fi, Near Field Communication (NFC), Cellular, and Others (wirelessHART, ISA 100.11a etc.). The ZigBee segment is expected to hold the major share of the market throughout the forecast period.

Manufacturing segment expected to hold a large chunk of the global industrial wireless sensor networks market

Based on industry, the market is segmented into automotive, food & beverages, manufacturing, mining, oil & gas, and others. In 2017, the manufacturing segment held the major share of the market due to their widespread use in manufacturing facilities. The segment is anticipated to dominate throughout the forecast years.

Asia Pacific to continue to hold significant share in the overall market

Asia Pacific is expected to hold higher share in the industrial wireless sensor networks market during the forecast period. The growth is mainly due to the increased adoption of industrial wireless sensor networks with the presence of well-established players across the region, especially across China and Japan. Asia Pacific is also expected to emerge as the region showcasing the highest CAGR.

Major players in the industrial wireless sensor networks market include Lantronix, Inc., NXP Semiconductors N.V., Analog Devices, Inc., Texas Instruments Incorporated, STMicroelectronics N.V., Yokogawa Electric Corporation, Endress+Hauser AG, Schneider Electric SE, ABB Ltd, and Siemens AG.

Industrial Wireless Sensor Networks Market – Overview

The “Industrial Wireless Sensor Networks Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026” report provides analysis for the period 2016–2026, wherein 2017 is the base year and the period from 2018 to 2026 is the forecast period. Data for 2016 has been included as historical information. The report covers market dynamics including drivers, restraints, opportunities, and trends expected to influence the growth of the global industrial wireless sensor networks market during the forecast period. The study provides a holistic perspective on the market’s growth in terms of revenue (in US$ Mn) across different geographical regions, namely North America, Europe, Asia Pacific, Middle East & Africa, and South America. The report highlights the key trends affecting the market on a global scale. Furthermore, region wise prominent countries/regions covered in the report includes the U.S, Canada, Germany, France, the UK, India, China, Japan, GCC countries, South Africa, and Brazil.

This report analyzes and forecasts the market for industrial wireless sensor networks at the global and regional level. It also covers the impact of these drivers and restraints during the forecast period.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global industrial wireless sensor networks market. Porter’s Five Forces model has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.

Global Industrial Wireless Sensor Networks Market: Taxonomy

This research study on the global industrial wireless sensor networks market provides a detailed cross segment and cross country analysis based on the different segments including type, technology, and industry. On the basis of type, the market is segmented into Flow, Gas, Temperature, Pressure, and Others (Level, Humidity etc.). Based on technology, the market is segmented into Bluetooth, ZigBee, Wi-Fi, Near Field Communication (NFC), Cellular, and Others (wirelessHART, ISA 100.11a etc.). In terms of industry, the market is segmented into automotive, food & beverages, manufacturing, mining, oil & gas, and others.

Global Industrial Wireless Sensor Networks Market: Research Methodology

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, national government documents, statistical databases, and market reports, Factiva, etc.

Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on the market size, market trends, growth trends, competitive landscape, and outlook, etc. These help us to validate and strengthen secondary research findings. These also help to develop the analysis team’s market expertise and understanding.

Global Industrial Wireless Sensor Networks Market: Competitive Dynamics

The report covers well-established players such as Lantronix, Inc., NXP Semiconductors N.V., Analog Devices, Inc., Texas Instruments Incorporated, STMicroelectronics N.V., Yokogawa Electric Corporation, Endress+Hauser AG, Schneider Electric SE, ABB Ltd, and Siemens AG.

The global industrial wireless sensor networks market is segmented as below:

Global Industrial Wireless Sensor Networks Market, by Type

  • Flow
  • Gas
  • Temperature
  • Pressure
  • Others (Level, Humidity etc.)

Global Industrial Wireless Sensor Networks Market, by Technology

  • Bluetooth
  • ZigBee
  • Wi-Fi
  • Near Field Communication (NFC)
  • Cellular
  • Others (wirelessHART, ISA 100.11a etc.)

Global Industrial Wireless Sensor Networks Market, by Industry

  • Automotive
  • Food & Beverages
  • Manufacturing
  • Mining
  • Oil & Gas
  • Others

Global Industrial Wireless Sensor Networks Market, by Geography

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • India
    • Japan
    • China
    • Rest of APAC
  • Middle East & Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Rest of South America
.