What is Wireless IoT Sensors Market?
The wireless IoT sensors are designed in such a way that they enable gathering information about the surrounding environment over an extended period of time with less manual effort. The growing demand for customer electronic gadgets surges the demand for wireless IoT sensors. The demand for IoT-enabled devices along with communication networks is also increasing the demand for IoT sensors. There is a swift adoption of all the advanced technologies. Wireless IoT sensors are the standard measurement tools that are equipped with transmitters that convert the signals from the process control instruments into a radio transmission. The key advantages of the sensors are the increased safety, low-cost, convenience, low maintenance cost, and the small amount of power for it to function. The IoT enabled devices are mostly used for collecting the performance and the environmental data from the sensors which are attached to the devices either by performing a fundamental analysis in a network that is close to the devices or bypassing the data through some form of network to the premise in a cloud form. The sensors are considered a key component of the smart grids for the remote monitoring of the power lines and the transformers. These sensors are present in service to monitor the temperature and the climatic conditions. The industrial automation and the demand for the consumer devices like wearables and the demand for IoT enables and connected devices is significantly rising the demand in the market. For example, in an area with extreme weather conditions and extremely high pressure it becomes difficult to operate but with the installation of the sensors, it becomes easy to control and examine the facility from a safe distance constantly.
The market study is being classified by Type (Image Sensor, Motion Sensor, Proximity Sensor, Pressure Sensor and Other), by Application (Appliances, Agriculture, Industrial Automation, Transportation, Healthcare and Other) and major geographies with country level break-up.
Honeywell International Inc. (United States), FUJITSU (Japan), Siemens (Germany), Salesforce (United States), SmartThings Inc. (United States), Texas Instruments Incorporated (United States), Schneider (France), STMicroelectronics (United States), TE Connectivity (Switzerland), NXP Semiconductors (Netherlands), Omron Corporation (Japan), TDK Corporation (Japan), Broadcom Inc. (United States), Infineon Technologies AG (Germany), Robert Bosch GmbH (Germany) and Sony Corporation (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Analog Devices Inc. (United States), Murata Manufacturing Co. (Japan) and TDK Corporation (Japan).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Wireless IoT Sensors market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Wireless IoT Sensors market by Type, Application and Region.
On the basis of geography, the market of Wireless IoT Sensors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increased Use of Sensors in IoT Devices
- Rising Demand for Consumer Electronic Products
- High Demand for IoT Devices and Communication Networks
- Rising Adoption of Smart Payment Solution
- The Advent of 5G Technology
- High Latency and Limited Bandwidth Issues
- Internet Penetration Rate
- Integrated IoT Solution to Open New Revenue Streams
- The Growth of Network-Connected Devices, Systems, and Services
- Understanding and Managing the New Horizons
Market Leaders and some development strategies
In June 2020, Salesforce and Siemens announced a strategic partnership to develop a new workplace technology suite that will support businesses globally and safely reopen and deliver future experiences for physical workplaces post the pandemic. Siemens plans to contribute technology from its Smart Infrastructure portfolio, which includes IoT solutions company Enlighted and workplace experience solution Comfy. Data is collected several times per second by cloud-connected smart sensors from Enlighted.
In February 2020, Schneider Electric had announced a range of flexible digital services for modern and smart offices, called EcoStruxure Workplace Advisor. EcoStruxure Workplace Advisor will use real-time data from wireless sensors to facilitate flexible workplaces, improve employee health, and effectively manage facility services. Furthermore, health analyses should help enhance the well-being of users of buildings and increase their productivity.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Wireless IoT Sensors, Suppliers and Distributors of Wireless IoT Sensors, Venture Capitalists and Private Equity Firms and End-Use Industry
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