In a recent published report, Kenneth Research has updated the market report for Wireless Sensor Network Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Wireless Sensor Network Market products.
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The global Wireless Sensor Network Marketwas valued at USD 28.97 billion in 2016 and is projected to reach USD 131.67 billion by 2025, growing at a CAGR of 18.32% from 2017 to 2025.
Wireless sensor networks, are similar to wireless ad hoc networks in the sense that they rely on wireless connectivity and spontaneous formation of networks so that sensor data can be transported wirelessly.
1. Market Drivers
1.1 Increasing applications of Remote Monitoring
1.2 Growing demand for Smart Devices and Wearable Devices
2. Market Restraints
2.1 Data Breach risks and Security concerns
2.2 Difficulty in Standardization of Wireless Sensor Network
1. Global Wireless Sensor Network Market, by Connectivity Type:
1.3 Bluetooth Smart/Bluetooth Low Energy (BLE)
1.5 Wireless Fidelity (Wi-Fi)
1.6 Near-Field Communication (NFC)
1.7 Cellular Network
1.8 Wireless Highway Addressable Remote Transducer (WHART)
1.9 Global Navigation Satellite System (GNSS) Module
1.11 Bluetooth/ Wlan
2. Global Wireless Sensor Network Market, by End User Industry:
2.1 Automotive & Transportation
2.3 Oil & Gas
2.6 Aerospace & Defense
2.7 Banking, Financial Services, and Insurance (BFSI)
2.8 Building Automation
2.8.1 Lighting Control Systems
2.8.2 Hvac Control Systems
2.8.3 Security & Access Systems
2.8.4 Fire Protection Systems
2.8.5 Smart Meters
2.9 Wearable Devices
2.9.1 Activity Monitors
2.9.3 Smart Glasses
2.9.4 Body Worn Cameras
2.10.1 Portable Medical Devices
2.10.2 Diagnostic & Therapy Device
2.10.3 Wearable Devices
3. Global Wireless Sensor Network Market, by Sensor Type:
3.1 Ambient Light Sensors
3.2 Motion and Position Sensors
3.3 Temperature Sensors
3.4 Heart Rate Sensors
3.5 Pressure Sensors
3.6 Inertial Measurement Units (IMU)
3.8 Blood Glucose Sensors
3.9 Image Sensors
3.10 Humidity Sensors
3.11 Carbon Monoxide Sensors
3.12 Blood Oxygen Sensors
3.13 Flow Sensors
3.14 Level Sensors
3.15 Chemical Sensors
3.16 Electrocardiogram (ECG) Sensors
4. Global Wireless Sensor Network Market, by Offering:
4.1.1 Connectivity Ics
126.96.36.199 Digital Signal Processors
188.8.131.52 Application Processors
184.108.40.206 Device Management
220.127.116.11 Application Management
18.104.22.168 Network Management
4.2.2 Software Solutions
22.214.171.124 Real-Time Streaming Analytics
126.96.36.199 Security Solutions
188.8.131.52 Data Management
184.108.40.206 Remote Monitoring Systems
220.127.116.11 Network Bandwidth Management
4.3.1 Deployment & Integration
4.3.2 Support & Maintenance
5. Global Wireless Sensor Network Market, by Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. Intel Corporation
2. Huawei Investment & Holding Co., Ltd.
3. Dell Incorporation
4. Texas Instruments Inc.
5. Cisco Systems Inc.
6. Hewlett Packard Enterprise Co.
7. NXP Semiconductors N.V.
8. Stmicroelectronics N.V.
9. TE Connectivity Ltd.
10. Advantech Co., Ltd.
11. ABB Ltd.
12. Honeywell International Inc.
13. Broadcom Limited
14. Srobert Bosch GmbH
15. Eurotech S.P.A
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Wireless Sensor Network Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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