Industrial Wireless Sensor Network Market to Surpass USD30 billion by 2023

The global industrial wireless sensor market is anticipated to cross higher CAGR exhibiting tremendous market growth by 2023, according to the new report by S&P consulting. Industrial wireless sensor network market is gaining wide traction since it is pivotal in transforming the internet industry.

Dallas, United States – June 13, 2018 /MarketersMedia/ —

The “Industrial Wireless Sensor Network Market by Sensor, Global Opportunity Analysis and Industry Forecast, 2017-2023” report has been added to UpMarketResearch.com’s offering.

The global industrial wireless sensor market is anticipated to cross a higher CAGR exhibiting tremendous market growth by 2023, according to the new report by S&P consulting. Industrial wireless sensor network market is gaining a wide traction since it is pivotal in transforming the internet industry. It also encompasses industrial domains and is elemental in shaping multiple scenarios for daily industrial tasks. ISWN technologies coupled with cloud computing and cloud platforms have emerged recently. For instance, in today’s industrial domain, certain things such as fieldbus tunneling, multi-year powered wireless node and IP address-ability address key issues.

Sensing the current scenario pertaining to industrial wireless sensor network market two trends have incepted:

• Short range IIOT operating within 300 meters
• Long range IIOT operating over multiple kilometers

It is also anticipated that the industrial wireless sensor market will surpass USD30 million installed wireless devices catering to industrial needs such as logistics and asset tracking applications and industrial sensing. Of the two trends mentioned above, short range is likely to pave the way for future market development and on contrary, the long technologies encompassing LPWAN such as LoRa, SigFox and NB-IoT will boost up the market progression in the forecast period. Advantages such as compact size, cost-effectiveness, reduced complexity and enhanced capability are likely to play a significant role in the forecast period.

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Tracking, control equipment and wireless sensing and other services will cross USD30 billion in the near future catering to construction, mining, smart agriculture and automobile automation. In addition, technical progress in the field of IoT and Artificial Intelligence (AI) are further boosting the market growth. Inclination towards IIOT for oil and gas exploration is another major driver in the current market scenario.

Rising investment for R&D activities is likely to contribute to the market growth in the forecast period. Increasing inclination towards using industrial wireless sensors for automation is a prime reason for higher market growth.
Industrial wireless network sensor market is segmented into component, type, technology and region. Component segment includes hardware and software service. Software segment accounts for a higher market growth in the forecast period. Type segment includes flow sensors and gas sensors. Application segment includes asset tracking and logistics. End-use segment includes oil and gas, electronics and semiconductor. Technology segment includes Bluetooth, Zigbee, Wi-Fi and NFC. Geographical segmentation for industrial wireless sensor network market includes North America, Latin America, SouthEast Asia, Middle East and Africa.

Prominent players in the industrial wireless sensor network market include ABB Ltd.; Analog Devices, Inc.; Honeywell Process Solutions; Lantronix, Inc.; NXP Semiconductor; Schneider Electric; Siemens AG; STMicroelectronics N.V.; Texas Instruments, Inc.; and Yokogawa Electric Corporation.

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Key Topics Covered In The Report:

Chapter 1: Industrial Wireless Sensor Network Market Overview

Chapter 2: Global Economic Impact on Industrial Wireless Sensor Network Industry

Chapter 3: Global Industrial Wireless Sensor Network Market Competition by Manufacturers

Chapter 4: Global Industrial Wireless Sensor Network Production, Revenue (Value) by Region (2013-2018)

Chapter 5: Global Industrial Wireless Sensor Network Supply (Production), Consumption, Export, Import by Regions (2013-2018)

Chapter 6: Global Industrial Wireless Sensor Network Production, Revenue (Value), Price Trend by Type

Chapter 7: Global Industrial Wireless Sensor Network Market Analysis by Application

Chapter 8: Global Industrial Wireless Sensor Network Manufacturers Analysis

Chapter 9: Industrial Wireless Sensor Network Manufacturing Cost Analysis

Chapter 10: Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 11: Marketing Strategy Analysis, Distributors/Traders

Chapter 12: Market Effect Factors Analysis

Chapter 13: Global Industrial Wireless Sensor Network Market Forecast (2018-2023)

Reasons for Buying this Report:

• This report provides pin-point analysis for changing competitive dynamics

• It provides a forward looking perspective on different factors driving or restraining market growth

• It provides a six-year forecast assessed on the basis of how the market is predicted to grow

• It helps in understanding the key product segments and their future

• It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors

• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of
market segments

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