Industrial Wireless Sensor Network Market

Growing demand for automation and IoT fuels Industrial Wireless Sensor Network (IWSN) Market

Industrial Wireless Sensor Network Market by Sensor type (Temperature Sensors, Sound Sensors, Pressure Sensors, Humidity Sensors, Level Sensors, Flow Sensors)

Industry: IT and Telecommunication

Published Date: March-2023

Format: PPT*, PDF, EXCEL

Delivery Timelines: Contact Sales

Number of Pages: 170

Report Price

$ 4900*

Buy Now
Request Report Sample

Report ID: PMRREP18298

Industrial Wireless Sensor Network Market Outlook

The Industrial Wireless Sensor Network Market was anticipated to have held the market share of US$ 5,250.0 Million in 2022, and is estimated to reach US$ 5,565.5 Million in 2023. The market is projected to grow at a CAGR of 7.6% over the forecast period 2023 to 2033 and would reach a market value of US$ 11,613.5 Million by 2033.

Industrial wireless sensor network refers to a network of sensors distributed across an industrial area that are connected to each other, can transfer data among each other and are placed for the detection of various metrics important for numerous industrial functions such as temperature, pressure, humidity and so on.

These sensors later transfer their readings to a central unit, that may be human controlled or automated, this system will understand what is the status of the various functions and areas of the industry and take the necessary actions.

The factor that has allowed the demand for industrial wireless networks to be widely implemented across industries is the technological development that has occurred in this technology, the industrial wireless sensor networks are power and cost efficient because of the developments and now have a wider set of applications across industries. The use of industrial wireless sensors also allows the development and implementation of various industrial internet of things (IIoT) solutions.

The market for industrial wireless sensor network accounts for 26% of the industrial wireless technology market.

North America will account for 29.4% of the global market in 2022, according to geographical market projections. This was estimated to be followed by East Asia that held a market share of 24.3% for the industrial wireless sensor market in 2022.

Industrial Wireless Sensor Network Market Size (2023)

US$ 5,565.5 million

Projected Market Value (2033)

US$ 11,613.5 million

Global Market Growth Rate (2023 to 2033)

7.6%

Non-isolated segment Market Share (2022)

56.3%

Indian Market Growth Rate (2023 to 2033)

11.3%

IT and Telecommunication Segment Market Share (2022)

21.3%

What Potential Opportunity can Drive Demand for the Industrial Wireless Sensor Network Market?

“Growth in the Implementation of Industry 4.0 and IoT Technologies Over the Forecast Period”

Industrial wireless sensor networks are a primary building block for various IoT services that are deployed in industries and are a necessary prerequisite for various monitoring and transmission services and solutions required for carrying out industrial operations.

Initially these wireless sensor networks were adopted because of their ease in deployment and less costs involved compared to wired sensor networks, however today they can act as a major foundation for establishing industry 4.0 technologies across various different industries.

Implementation of industry 4.0 technologies is a major shift that countries and companies are striving towards, this development can help boost the market for industrial wireless sensor network market.

  • In March 2023, Moxa Inc. a company that is a leader in industrial communication and networking introduced its new series of industrial wireless networking solutions. These products are designed to meet the present and future demands of mobile automation and IP surveillance across numerous industries.
  • In April2021, Siemens introduced Sitrans SCM IQ, a smart condition monitoring system. This system detects potential incidents and prevents them at an early stage using multiple temperature and vibration sensors, helping the users avoid various costs and downtimes.

What Factors Allow United States to Dominate the Industrial Wireless Sensor Network Market?

“Large Oil, Gas and Arms Production Allows United States to Dominate the Industrial Wireless Sensor Network Market”

United States has a large oil and gas production industry that leverages the industrial wireless sensor network for establishing numerous wireless solutions. The country also has a large food and beverages production industry because of the various food products consumed by the people in this country and the large population that supports the demand.

The country has a large market for firearms, that does not exist at the same level in numerous other countries allowing the arms manufacturing industries to be a strong market for industrial wireless sensor network, the ongoing Russia-Ukraine war has also boosted the supply of weapons to Ukraine from United States, giving this vertical a strong boost and allowed it to grow over the year for the industrial wireless sensor network market.

For these reasons, United States held the largest market share of 18.3% in 2022 for the industrial wireless sensor network market.

What are The Opportunities for The Charging of Industrial Wireless Sensor Network in India?

“Growing Investments in Manufacturing Driving Indian Market for Industrial Wireless Sensor Networks”

Various government initiatives and private investments are taking place in India to boost the manufacturing industry in this country. Having a large quantity of cheap labor and manufacturing prices, can make India a potential manufacturing hub.

Progress in 5G network rollouts have encouraged various electronics and telecom companies to provide the devices necessary for 5G network connection across industries, this can help in the growth of adoption in industrial wireless sensor network market in India.

These factors enable India's market to grow at a CAGR of 11.3% during the predicted period.

Why is China a Leading Market for Industrial Wireless Sensor Networks?

Large Electronics Manufacturing Industry in China Drives Demand for Industrial Wireless Sensor Networks”

China at present is one of the largest manufacturing hub for various electronic components and devices, that are exported globally in large amounts. One of the electronic devices that are manufactured and exported are smartphone devices and accessories.

Consumers are often drawn towards replacing their smartphones whenever a better and updated version or model is introduced in the market, this consumerism drives the demand for smartphones further and being an important device that a majority of the people across the globe use, the industrial wireless sensor network market can witness strong growth due to the electronics manufacturing industry in China.

Category-wise Insights

Why Energy & Mining Industry Can Produce Various Opportunities for the Industrial Wireless Sensor Network Market?

Due to the impact of fossil fuels upon global warming and climate change, several countries across the world are taking measures to cut down on their carbon emissions. One of the ways to achieve this is by developing alternative sources of energy such as wind and solar energy.

Several countries are establishing wind farms and solar farms, creating a demand for industrial wireless sensor networks in these places to monitor to processes that occur on a regular basis, the growth in these energy sources is estimated to boost the market for industrial wireless sensor network market, in the energy and mining industry.

Hence, this market is estimated to grow at a CAGR of 9.4% over the forecast period.

Why is Process Monitoring the Most Widely Used Application for Industrial Wireless Sensor Network Market?

Monitoring the various processes and functions that occur within an industry is a major function accomplished by industrial wireless sensor networks. Various metrics such as air pressure, temperature, humidity, vibrations need to be monitored across the premises to ensure that the work is occurring efficiently across the industry.

Due to this reason, the market share for process monitoring was estimated to have held the largest market share of 26.5% in 2022.

Competitive Landscape

The manufacturers of industrial wireless sensor networks focus on technological developments and cost efficiency in order to reach out to a wider market, they also focus on manufacturing equipment that can be used by industries from various verticals. Developing tools and equipment for smart factories and IIoT is another factor that manufacturers tend to focus on.

  • In February 2023, Tata Communications and Oasis Smart SIM announced the launch of SanCloud, an embedded subscriber identity module (eSIM). The solution offers monitoring and remote controlling for the operational performance of industrial equipment.
  • In October 2020, Emerson announced the acquisition of Progea Group, an IIoT plant analytics and human machine interface (HMI) company. This acquisition allowed Emerson to expand its embedded software and control portfolio for various automation applications.

Recent developments related to key players providing industrial wireless sensor network market solutions have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.

Industrial Wireless Sensor Network Market Report Scope

Attribute

Details

Forecast Period

2023 to 2033

Historical Data Available for

2018 to 2022

Market Analysis

US$ Million for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • India
  • Indonesia
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • Turkey
  • South Africa
  • and GCC Countries

Key Market Segments Covered

  • Sensors Type
  • End-Use Industry Type
  • Application Type
  • Technology Type
  • Region

Key Companies Profiled

  • Siemens AG
  • STMicroelectronics
  • ABB Ltd.
  • Honeywell International Inc.
  • Endress+Hauser Management AG
  • Banner Engineering Corp.
  • Schneider Electric
  • Emerson Electric Co.
  • Yokogawa Electric Corporation
  • NXP Semiconductors
  • Others

Pricing

Available upon Request

Key Segments of Industrial Wireless Sensor Network Market Industry Research

By Sensors Type:

  • Temperature Sensors
  • Sound Sensors
  • Pressure Sensors
  • Humidity Sensors
  • Level Sensors
  • Flow Sensors
  • Chemical Sensors
  • Motion & Position Sensors
  • Other Sensors

By End-Use Industry Type:

  • Automotive
  • Food & Beverages
  • Oil & Gas
  • Healthcare & Pharmaceuticals
  • Manufacturing
  • Aerospace & Defense
  • Energy & Mining
  • Other Industries

By Application Type:

  • Process Monitoring
  • Asset Tracking
  • Safety & Surveillance
  • Other Applications

By Technology Type:

  • WirelessHART
  • Wi-Fi
  • High Energy Bluetooth
  • ISA 100.11a
  • Cellular
  • Zigbee
  • NFC
  • Other Technologies

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East and Africa

To know more about delivery timeline for this report Contact Sales

Companies Covered in This Report

  • Siemens AG
  • STMicroelectronics
  • ABB Ltd.
  • Honeywell International Inc.
  • Endress+Hauser Management AG
  • Banner Engineering Corp.
  • Schneider Electric
  • Emerson Electric Co.
  • Yokogawa Electric Corporation
  • NXP Semiconductors
  • Others vendors

Frequently Asked Questions

In 2023, the market value of industrial wireless sensor network was US$ 5,565.5 Mn.

The global industrial wireless sensor network market is estimated to advance at a 7.6% CAGR through 2033.

The market for industrial wireless sensor network is forecasted to climb to US$ 11,613.5 Mn by 2033 end.

Demand for industrial wireless sensor network market in India is projected to rise at a CAGR of 11.3% for 2023-2033.

In 2022, the North America industrial wireless sensor network market held a dominant market share of 29.4%.  

Thank you for taking time to visit our website, click like if you found the information on this page useful?

This site uses cookies, including third-party cookies, that help us to provide and improve our services.
Google translate