Wireless IoT sensors Market : Global Industry Analysis and forecast (2023- 2029)

Wireless IoT sensors Market is expected to grow at a CAGR of 32.92% during the forecast period. Global Wireless IoT sensors Market is expected to reach US$ 73.81  Bn. by 2029.

The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.



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Wireless IoT sensors are measurement tools, which used to monitoring and recording the physical conditions of the environment. They are provided with transmitters that convert signals from process control instruments into a radio transmission. The global wireless IoT sensors market is driven by the increasing adoption of wireless technologies and rise of smart factory concepts. Increased utilization of sensors in IoT devices and different applications owing to their decrease in size, reducing costs, and technological developments, are also projected to impelling the market growth in the forecast period. However, the higher security needs and cost related with the sensors are restraining the market growth at the global level. Supportive government initiatives and financing for IoT ventures, and high adoption of IoT by small and medium-sized businesses are expected to create beneficial opportunities for the key player in the market during the forecast period. High power consumption by connected devices and absence of common protocols and communication standards are the major challenge for the wireless IoT sensors market in the near future.



Based on the technology, the WI-FI segment has led the wireless IoT sensors market in 2022 and is estimated to generate more than US$ xx Mn market revenue by 2029, with a CAGR of xx%. The wireless IoT sensors help to interface the devices through Wi-Fi. Wi-Fi technology can interface to several IoT devices and send temperature readings to Private EyePi, or additional observing applications. Wi-Fi technology is referred to in various applications like digital signages and indoor security cameras, as it offers coverage, scalability, and power consumption. As indicated by the Institute of Electrical and Electronics Engineers (IEEE), Wi-Fi innovation is the most ordinarily utilized correspondence standard and capacities in the 2.4-5GHz band.

Geographically, the wireless IoT sensors market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held the prominent market share of xx% in 2022 and is expected to reach US$ Mn by the end of 2029, with a CAGR of xx%. Thanks to the existing infrastructure and presence of major players in this region. The increase in the adoption of these sensors in industrial automation, medical, transportation, consumer electronics industries, and logistics & supply chain are driving the regional market growth. In 2022, Europe held the second-largest market of xx% in 2022 owing to the rising development in smart homes and gaming applications and the rising utilization of IoT sensors in assembling enterprises. The improvement of digital technologies for collection, storage, analysis, and distribution of data has given rise to several security concerns, are creating numerous opportunities for the market players. The market in Asia Pacific is expected to grow at a high CAGR of xx% during the forecast period. Asia-Pacific is the largest region in the electrical and electronics producing market. The region is also a huge merchant of wireless sensor technologies, particularly in China and Japan.

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The objective of the report is to present a comprehensive analysis of the Global Wireless IoT sensors Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Wireless IoT sensors Market dynamics, structure by analyzing the market segments and project the Global Wireless IoT sensors Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Wireless IoT sensors Market make the report investor’s guide.
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Wireless IoT sensors Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 10.06 Bn.


Forecast Period 2023 to 2029 CAGR:
32.92 %
Market Size in 2029:
US $ 73.81Bn.


 Segments Covered:
by Component
• Hardware
• Service
• Software


by Type
• Image Sensor
• Motion Sensor
• Proximity Sensor
• Pressure Sensor


by Technology
• Wi-Fi
• Bluetooth
• ZigBee
• NFC
• Z-Wave
• RFID
• Others


by Vertical
• Industrial IoT
• Consumer IoT
• Commercial IoT



Wireless IoT sensors Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Wireless IoT sensors Market, Key Players are:
• Honeywell International Inc.
• NXP Semiconductors
• Omron Corporation
• TDK Corporation
• Broadcom Inc.
• Analog Devices, Inc.
• Murata Manufacturing Co., Ltd
• FUJITSU
• SmartThings Inc.
• Texas Instruments Incorporated
• STMicroelectronics
• TE Connectivity
• Infineon Technologies AG
• Robert Bosch GmbH
• Sony Corporation

Frequently Asked Questions:

1. Which region has the largest share in Global Wireless IoT sensors Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global Wireless IoT sensors Market?
Ans: The Global Wireless IoT sensors Market is growing at a CAGR of 32.92% during forecasting period 2023-2029.

3. What is scope of the Global Wireless IoT sensors Market report?
Ans: Global Wireless IoT sensors Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Wireless IoT sensors Market?
Ans: The important key players in the Global Wireless IoT sensors Market are – Honeywell International Inc., NXP Semiconductors, Omron Corporation, TDK Corporation, Broadcom Inc., Analog Devices, Inc., Murata Manufacturing Co., Ltd, FUJITSU, SmartThings Inc., Texas Instruments Incorporated, STMicroelectronics, TE Connectivity, Infineon Technologies AG, Robert Bosch GmbH, Sony Corporation

5. What is the study period of this Market?
Ans: The Global Wireless IoT sensors Market is studied from 2022 to 2029.