Global Wireless Sensors Network Market - Segmented by Type (Terrestrial, Underwater, Underground), Type of Sensors (Temperature, Pressure, Motion, Flow, Gas, Proximity), End-User Industry (BFSI, Oil and Gas, Retail), and Region - Growth, Trends, and Forecast (2018 - 2023)
The global wireless sensors network market is estimated to have a CAGR of 17.64%, over the forecast period (2018–2023). The regions considered in the scope of the report include North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The growing automation and robotics industry, increasing demand for wireless sensor network in oil & gas and transportation industry, and high reliability are the major factors driving the market for Wireless Sensors Network (WSN). There are many applications of WSNs in robotics such as advanced robotic sensing, multiple robot coordination, robot planning and navigation, and robot localization. Using WSNs helps emergency response robots to be conscious of conditions such as electromagnetic field monitoring, forest fire detection, etc.
WSNs are small-sized, low-cost wireless communication enabled sensors that are deployed to build various monitoring and control networks being used in diverse fields like industrial automation, process control, agriculture, hospital monitoring systems, etc. Large investments in the industry to develop new sensor technologies and upgrading existing infrastructure to support IoT and automation have been the primary trends, impacting the industry on a global scale. Sensor manufacturers are heavily investing in the technology, to cater emerging verticals, such as smart cities and autonomous vehicles, which are greatly dependent on wireless technologies. Innovation in sensor technologies, such as smart sensors and intelligent sensors, are expected to support the rapid adoption of wireless technologies in the market. All these factors will contribute to the wireless sensors network market growth.
Advent of Mobile WSNs to Drive the Market
There has been a growing interest in developing mobile sensor networks, which are the favored family of wireless sensor networks, in which, autonomous movement assumes a key part of implementing its application. By introducing mobility to nodes in wireless sensor networks, the capability and flexibility of mobile sensor networks can be enhanced to support multiple mansions, and to address the previously stated issues. The reduction in costs of mobile sensor networks and its expanding capacities make mobile sensor networks conceivable and useful. Today, various researchers are focused on the making of mobile wireless sensor networks due to their favorable advantage and applications. Allowing the sensors to be mobile will boost the utilization of mobile wireless sensor networks beyond that of static wireless sensor networks.
WSNs Increasingly Used in Automotive Applications
WSN is the spatially distributed autonomous sensor, which is used to monitor physical and environmental conditions such as temperature, pressure, etc., and to pass their data through the network to the main location. The automotive applications of WSNs include car theft control, automobile pollution control, headlight intensity control, etc. The concept of theft control is one of the biggest challenges faced in the world of automobiles. The United States has the highest number of vehicle thefts.
The recent and most developing technology of embedded systems and GPS/GSM can be utilized for this design. The controller will send the exact location of the vehicle to the car owner, and even prevent the thief from escaping by locking the doors and raising an alarm. This grabs attention in public. The lock can be opened only if the owner gives the password to the controller. If implemented in real time, this system will help reduce and limit vehicle thefts.
North America to Account for Significant Share in the Market
Adoption of smart factories, intelligent manufacturing, and the presence of many industrial WSN manufacturers will drive the growth of North American market in the near future. The presence of a number of key players such as ABB Ltd, Emerson Electric Co., and Honeywell International, Inc. is also expected to prompt the growth of the market in this region. Moreover, the North American freight railroad industry is also trying to leverage WSN onboard railcars for advanced monitoring and alerting. In railroad environments, freight train WSNs exhibit a linear chain-like topology of significant length. Thus, existing wireless technologies such as the IEEE 802.15.4 communication protocol, based on a star topology, are unable to provide reliable service. The end-to-end communication between nodes generally relies on individual nodes communicating with their respective neighbors to carry the information over multiple hops and deliver it to the preferred destination. Thus, the North American region is offered with potential opportunities for the growth in the wireless sensors network market.
Key Developments in the Market