Industrial Wireless Sensor Network Market Size is projected to reach USD 8.62 billion by 2030, growing at a CAGR of 7.13%: Straits Research

The global Industrial wireless sensor network market size was valued at USD 4.97 billion in 2021 and is expected to reach USD 8.62 billion in 2030 expanding at a compound annual growth rate (CAGR) of 7.13 % from 2022 to 2030, Due to the existence of a robust manufacturing sector, the North American regional market led the global market in 2019.

 | Source: Straits Research Straits Research

New York, United States, July 06, 2023 (GLOBE NEWSWIRE) -- The industrial wireless sensor network provides a network infrastructure that eliminates the need for fibre optic cables by enabling connection between sensor nodes and gateways. Additionally, it makes improved communication easier by facilitating the use of radio nodes organised in the right topologies.

IWSN stands for "industrial wireless sensor network," and it refers to a network that combines wireless communication with distributed sensing platforms. IWSN nodes are placed in outlying regions, and the network relies on wireless technology to send messages to the command-and-control centre. In addition to that, the system is capable of being remotely controlled, monitored, and troubleshooted. In addition, the majority of its applications include process and control monitoring as well as data processing.


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The Market is Expanding As a Result Of Increasing Use In Autonomous Vehicles

Because autonomous cars rely heavily on wireless technology, there has been an increase in demand for these networks all over the world in recent years. This need has been fueled by the rising popularity of autonomous vehicles. These networks are utilised in a variety of automotive applications, some of which include the management of automobile pollution, the control of automobile theft, the regulation of the intensity of headlights, the detection of vehicle sites, and the monitoring of vehicle health.

Industrial Wireless Sensor Network Demand is Growing, Fuelling Market Expansion

These days, industrial wireless sensor technology is growing popularity in the market since it enables businesses to remotely monitor and regulate a wide variety of characteristics, such as temperature, pressure, and vibration. Businesses now can improve their operational cost effectiveness and efficiency thanks to wireless sensor technologies.

Rise in Demand For Remote Monitoring

The wireless sensor network (WSN) is a technology that is changing industrial monitoring and diagnostics. This technology enables sensor networks to have monitoring stations that are equipped with WSNs that consume little power and are inexpensive. These networks are made up of motes that are powered by batteries and have the capacity to swiftly build a network.

WSN Usage Among SMBs is Increasing

Numerous small- and medium-sized businesses (SMBs), in addition to major industry players, are eager to reap the benefits of wireless sensor network solutions, which will allow them to improve the scalability and efficiency of their company operations. Small and medium-sized businesses have seen a variety of benefits from the implementation of WSN, including a reduction in operational expenses, enhanced agility and scalability, higher revenue, and improved performance. Because of this, there will be an increase in the number of SMBs that implement WSN.


Report Scope

Report MetricDetails
Market SizeUSD 8.62 billion by 2030
CAGR7.13% (2022-2030)
Historical Data2019-2020
Base Year2021
Forecast Period2022-2030
Forecast UnitsValue (USD Billion)
Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments CoveredComponent, Type, Technology, Application, End-Use
Geographies CoveredNorth America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/VendorsIntel Corporation (US), Texas Instruments Inc. (US), ABB Ltd. (Switzerland), Huawei Investment & Holding Co., Ltd. (China), Cisco Systems Inc. (US), STMicroelectronics N.V. (Netherlands), TE Connectivity Ltd. (Switzerland), NXP Semiconductor N.V. (Netherlands), Dell Inc. (US), Hewlett Packard Enterprise (Switzerland).
Key Market OpportunitiesWSN Usage Among SMBs is Increasing
Key Market DriversThe Market is Expanding As a Result Of Increasing Use In Autonomous Vehicles
Industrial Wireless Sensor Network Demand is Growing, Fuelling Market Expansion
Rise in Demand For Remote Monitoring

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Regional Overview of Market

Due to the existence of a robust manufacturing sector, the North American regional market led the global market in 2019. Additionally, businesses in the area are among the first to implement cutting-edge technology for process improvement and raising health and safety requirements. One of the other key reasons propelling the expansion of the North American regional market is the increasing acceptance of IWSN by oil and gas firms for offshore operations. Increasing research and development expenditures in wireless connection by significant technology manufacturers might also be linked to the expansion of the regional market.

There are more startups focused on the IIoT in Canada. The businesses operating there are attempting to use IIoT to get around some of Canada's major problems, such its tiny population and difficult-to-reach isolated areas.

Due to the increasing adoption of smart manufacturing practises in nations like China, India, and Taiwan, the Asia Pacific regional market is anticipated to develop at the quickest rate of any regional market.

Key Highlights

  • The market size of industrial wireless sensor network is expected to reach USD 8.62 billion in 2030 expanding at a compound annual growth rate (CAGR) of 7.13 % from 2022 to 2030.
  • The market is expanding because of increasing use in autonomous vehicles.
  • Industrial wireless sensor technology is growing popularity in the market since it enables businesses to remotely monitor and regulate a wide variety of characteristics which helps in the market growth.
  • The market fir industrial wireless sensor is segmented into the following categories: Component, Type, Technology, Application, End Use and region.
  • Due to the rising demand for service-oriented software architecture and self-organizing networks, the software sector, which dominated the market in 2018, is expected to expand at the quickest rate throughout the projected period
  • The market has been divided into additional categories based on type, including temperature sensor networks, pressure sensor networks, level sensor networks, flow sensor networks, humidity sensor networks, motion & position sensor networks, gas sensor networks, light sensor networks, chemical sensor networks, and others.
  • The market has been further divided into asset tracking, machine monitoring, process monitoring, and safety & surveillance based on application. Due to a number of benefits, including the removal of wiring restrictions, simple maintenance, and lower costs in contrast to wired systems, the process monitoring sector led the market in 2019.
  • Due to the existence of a robust manufacturing sector, the North American regional market led the global market in 2019.

Competitors in Industrial Wireless Sensor Network Market

  • lIntel Corporation (US)
  • lTexas Instruments Inc. (US)
  • lABB Ltd. (Switzerland)
  • lHuawei Investment & Holding Co. Ltd. (China)
  • lCisco Systems Inc. (US)
  • lSTMicroelectronics N.V. (Netherlands)
  • lTE Connectivity Ltd. (Switzerland)
  • lNXP Semiconductor N.V. (Netherlands)
  • lDell Inc. (US)
  • lHewlett Packard Enterprise (Switzerland)


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Segmentation of Industrial Wireless Sensor Network Market

By Component

  • Hardware
  • Software
  • Service

By Type

  • Temperature Sensor Networks
  • Pressure Sensor Networks
  • Level Sensor Networks
  • Flow Sensor Networks
  • Humidity Sensor Networks
  • Motion & Position Sensor Networks
  • Gas Sensor Networks
  • Light Sensor Networks
  • Chemical Sensor Networks
  • Others

By Technology

  • Bluetooth
  • ZigBee
  • Wi-Fi
  • Near Field Communication (NFC)
  • Cellular Network
  • WirelessHART
  • ISA 100.11a

By Application

  • Machine Monitoring
  • Process Monitoring
  • Asset Tracking
  • Safety & Surveillance

By End-Use

  • Automotive
  • Oil & Gas
  • Utilities
  • Mining
  • Food & Beverage
  • Manufacturing
  • Others

By Region

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East


TABLE OF CONTENT

    1. EXECUTIVE SUMMARY
    2. RESEARCH SCOPE & SEGMENTATION
      1. Research Objectives
      2. Market Definition
      3. Limitations & Assumptions
      4. Market Scope & Segmentation
      5. Currency & Pricing Considered
    3. MARKET OPPORTUNITY ASSESSMENT
      1. Emerging Regions / Countries
      2. Emerging Companies
      3. Emerging Applications / End Use
      4. Investment Landscape
      5. New Business Models / Revenue Streams
      6. TAM
    4. MARKET TRENDS
      1. Drivers
      2. Market Warning Factors
      3. Latest Macro Economic Indicators
      4. Geopolitical Impact
      5. Human Factors
      6. Technology Factors
    5. MARKET ASSESSMENT
      1. Porters Five Forces Analysis
      2. Value Chain Analysis
      3. Raw Material Analysis
      4. Sales And Distribution Channel Analysis
      5. Trade Analysis
      6. Average Pricing Analysis
      7. Case Study Analysis
      8. Patent Analysis
      9. M & A Agreements & Collabration Analysis
      10. Export Import Analysis
      11. Cost Structure Analysis
    6. ESG TRENDS
    7. GLOBAL INDUSTRIAL WIRELESS SENSOR NETWORK MARKET SIZE ANALYSIS
      1. Global Industrial Wireless Sensor Network Market Introduction
      2. By Component
        1. Introduction
          1. Component By Value
        2. Hardware
          1. By Value
        3. Software
          1. By Value
        4. Service
          1. By Value
      3. By Type
        1. Introduction
          1. Type By Value
        2. Temperature Sensor Networks
          1. By Value
        3. Pressure Sensor Networks
          1. By Value
        4. Level Sensor Networks
          1. By Value
        5. Flow Sensor Networks
          1. By Value
        6. Humidity Sensor Networks
          1. By Value
        7. Motion & Position Sensor Networks
          1. By Value
        8. Gas Sensor Networks
          1. By Value
        9. Light Sensor Networks
          1. By Value
        10. Chemical Sensor Networks
          1. By Value
        11. Others
          1. By Value
      4. By Technology
        1. Introduction
          1. Technology By Value
        2. Bluetooth
          1. By Value
        3. ZigBee
          1. By Value
        4. Wi-Fi
          1. By Value
        5. Near Field Communication (NFC)
          1. By Value
        6. Cellular Network
          1. By Value
        7. WirelessHART
          1. By Value
        8. ISA 100.11a
          1. By Value
      5. By Application
        1. Introduction
          1. Application By Value
        2. Machine Monitoring
          1. By Value
        3. Process Monitoring
          1. By Value
        4. Asset Tracking
          1. By Value
        5. Safety & Surveillance
          1. By Value
      6. By End-Use
        1. Introduction
          1. End-Use By Value
        2. Automotive
          1. By Value
        3. Oil & Gas
          1. By Value
        4. Utilities
          1. By Value
        5. Mining
          1. By Value
        6. Food & Beverage
          1. By Value
        7. Manufacturing
          1. By Value
        8. Others
          1. By Value
    8. NORTH AMERICA MARKET ANALYSIS
      1. Introduction
      2. By Component
        1. Introduction
          1. Component By Value
        2. Hardware
          1. By Value
        3. Software
          1. By Value
        4. Service
          1. By Value
      3. By Type
        1. Introduction
          1. Type By Value
        2. Temperature Sensor Networks
          1. By Value
        3. Pressure Sensor Networks
          1. By Value
        4. Level Sensor Networks
          1. By Value
        5. Flow Sensor Networks
          1. By Value
        6. Humidity Sensor Networks
          1. By Value
        7. Motion & Position Sensor Networks
          1. By Value
        8. Gas Sensor Networks
          1. By Value
        9. Light Sensor Networks
          1. By Value
        10. Chemical Sensor Networks
          1. By Value
        11. Others
          1. By Value
      4. By Technology
        1. Introduction
          1. Technology By Value
        2. Bluetooth
          1. By Value
        3. ZigBee
          1. By Value
        4. Wi-Fi
          1. By Value
        5. Near Field Communication (NFC)
          1. By Value
        6. Cellular Network
          1. By Value
        7. WirelessHART
          1. By Value
        8. ISA 100.11a
          1. By Value
      5. By Application
        1. Introduction
          1. Application By Value
        2. Machine Monitoring
          1. By Value
        3. Process Monitoring
          1. By Value
        4. Asset Tracking
          1. By Value
        5. Safety & Surveillance
          1. By Value
      6. By End-Use
        1. Introduction
          1. End-Use By Value
        2. Automotive
          1. By Value
        3. Oil & Gas
          1. By Value
        4. Utilities
          1. By Value
        5. Mining
          1. By Value
        6. Food & Beverage
          1. By Value
        7. Manufacturing
          1. By Value
        8. Others
          1. By Value
      7. U.S.
        1. By Component
          1. Introduction
            1. Component By Value
          2. Hardware
            1. By Value
          3. Software
            1. By Value
          4. Service
            1. By Value
        2. By Type
          1. Introduction
            1. Type By Value
          2. Temperature Sensor Networks
            1. By Value
          3. Pressure Sensor Networks
            1. By Value
          4. Level Sensor Networks
            1. By Value
          5. Flow Sensor Networks
            1. By Value
          6. Humidity Sensor Networks
            1. By Value
          7. Motion & Position Sensor Networks
            1. By Value
          8. Gas Sensor Networks
            1. By Value
          9. Light Sensor Networks
            1. By Value
          10. Chemical Sensor Networks
            1. By Value
          11. Others
            1. By Value
        3. By Technology
          1. Introduction
            1. Technology By Value
          2. Bluetooth
            1. By Value
          3. ZigBee
            1. By Value
          4. Wi-Fi
            1. By Value
          5. Near Field Communication (NFC)
            1. By Value
          6. Cellular Network
            1. By Value
          7. WirelessHART
            1. By Value
          8. ISA 100.11a
            1. By Value
        4. By Application
          1. Introduction
            1. Application By Value
          2. Machine Monitoring
            1. By Value
          3. Process Monitoring
            1. By Value
          4. Asset Tracking
            1. By Value
          5. Safety & Surveillance
            1. By Value
        5. By End-Use
          1. Introduction
            1. End-Use By Value
          2. Automotive
            1. By Value
          3. Oil & Gas
            1. By Value
          4. Utilities
            1. By Value
          5. Mining
            1. By Value
          6. Food & Beverage
            1. By Value
          7. Manufacturing
            1. By Value
          8. Others
            1. By Value
      8. Canada

Continued...


Table of Content and Figure @ https://straitsresearch.com/report/industrial-wireless-sensor-network-market/toc

 

Recent Developments

  • STMicroelectronics introduced the STM32WB50 Value Line wireless microcontrollers in November 2019 to meet the needs of cost-concious connected devices that must support Bluetooth 5.0, ZigBee 3.0, or OpenThread.
  • The O-RAN Alliance specifications are targeted at a variety of deployment scenarios, including Central Units/Distributed Units (CU/DU), Radio Units (RUs), Integrated Small Cells, and Customer Premises Equipment (CPE) systems. In October 2019, NXP Semiconductors N.V. announced a new series of Layerscape Access processors.
  • One of the first devices to get PSA Certified Level 1 certification under a new IoT security programme led by Arm is Nordic Semiconductor's newly released nRF9160 System-in-Package (SiP) LTE-M/NB-IoT cellular IoT (CIoT) module.

 

News Media

Vibration Sensor Market to Grow Steadily at a CAGR of 6.5% By 2030

The Dynamic Shift From Traditional Sensors to Smart Sensors Will Drive the Industrial Sensors Market.

 

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Tags

Industrial Wireless Sensor IWSN wireless sensor network (WSN) wireless sensor technology industrial automation systems AI US ML

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