North America Wireless Sensors Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The North American wireless sensor market is expected to register a CAGR of 23.4% during the forecast period (2021 - 2026). The growth in Industry 4.0 with the COVID-19 pandemic on the global scale has been acting as a catalyst that pushed the development of intelligent wireless sensors that help improve energy consumption with a high level of efficiency in the region. The growing range of pressure applications in industries contributes to the development of single devices that can handle a range of pressures. Such devices are developed to simplify product designs, accelerate time to market and reduce sensory inventory costs of industrial manufacturers.
Key HighlightsThe North American wireless sensor is highly competitive owing to multiple vendors providing wireless sensors to the domestic and international markets. The market appears to be moderately fragmented, and the major players with a prominent share in the market are focusing on expanding their customer base across international countries. Additionally, these companies are continuously innovating their products to increase their market share and increase their profitability. Some of the recent developments in the market are:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook