Global Wireless IoT Sensors Market is expected to be valued at USD 40,728.60 Million by 2025, with a CAGR of 32.87% during the forecast period (2019–2025).
The report covers segmentation and drivers for a better glimpse of the market in the coming years. Wireless IoT sensors are standard measurement tools that are equipped with transmitters to convert signals from process control instruments into a radio transmission. The main advantages of these sensors are increased safety, convenience, low cost, low-level maintenance, and a small amount of power to function. IoT devices are mainly used for collecting performance and environmental data from sensors attached to devices either by performing a rudimentary analysis in a proximity network close to the devices or by passing the data via some form of network to an on-premise enterprise or cloud platform.
Competitive Analysis
Some of the Key Industry Participants of the Global Wireless IoT Sensors Market are Texas Instruments Incorporated (US), STMicroelectronics (US), TE Connectivity (Switzerland), Infineon Technologies AG (Germany), Robert Bosch GmbH (Germany), Sony Corporation (Japan), HONEYWELL INTERNATIONAL INC. (US), NXP Semiconductors (Netherlands), Omron Corporation (Japan), TDK Corporation (Japan), Broadcom Inc. (US), Analog Devices, Inc. (US), Murata Manufacturing Co., Ltd (Japan), FUJITSU (Japan), and SmartThings Inc. (US).
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Key Vendors- Honeywell International Inc. (US), NXP Semiconductors (Netherlands), Omron Corporation (Japan), TDK Corporation (Japan), Broadcom Inc. (US), Analog Devices, Inc. (US), Murata Manufacturing Co., Ltd (Japan), FUJITSU (Japan), SmartThings Inc. (US), Texas Instruments Incorporated (US), STMicroelectronics (US), TE Connectivity (Switzerland), Infineon Technologies AG (Germany), Robert Bosch GmbH (Germany), and Sony Corporation (Japan)
Regional Analysis
Geographic analysis of the global wireless IoT sensors market spans across North America, Europe, Asia-Pacific (APAC), and the rest of the world.
In 2018, North America dominated with a value of USD 2,161.3 Million. The regional market value is expected to reach USD 11,587.7 Million by 2025, with an impressive 28.26% CAGR during the forecast period.
North America is one of the prominent markets in the global wireless IoT sensors market. The existing infrastructure and major players in this region provide the market in North America with various opportunities for significant growth in the forecast period. Moreover, the increase in the adoption of these sensors in industrial automation, medical, transportation, logistics & supply chain, and consumer electronics industries dominates the market. Furthermore, the presence of various key players in the US drives the growth of the wireless IoT sensors market in the region.