Industrial Wireless Sensor Networks (IWSN) Market Growth, Size, Share, Trends, and Forecast 2032

Industrial Wireless Sensor Networks (IWSN) Market Insights

According to Zion Market Research, the global Industrial Wireless Sensor Networks (IWSN) Market was worth USD 7.15 Billion in 2023. The market is forecast to reach USD 30.41 Billion by 2032, growing at a compound annual growth rate (CAGR) of 15.6% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Industrial Wireless Sensor Networks (IWSN) Market industry over the next decade.

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Industrial Wireless Sensor Networks (IWSN) Market Overview

The industrial wireless sensor network (IWSN) is a network of distributed sensing platforms with wireless communication. The network is positioned in remote areas and uses wireless technology to transmit signals to the control room. It has an array of applications such as Food & Beverages, Automotive, Energy and Power, Healthcare, Medical, Mining, Oil & Gas, And chemicals.

Key players are focusing on advancement with new features. The manufacturers are emphasizing mergers & acquisitions to strengthen their position in the market. For instance, in March 2018, Herga Technology (a switching and sensing component maker) added a new range of wireless remote controls for equipment switching and industrial machinery.

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Growth Factors

The development of the global industrial wireless sensor networks market is majorly credited to the high dependability of wireless tech in comparison with wired technology. Moreover, the low cost of industrial wireless sensor networks, the increasing trend of smart factories, and faster deployment are the factors that will favor the growth of the industrial wireless sensor networks market. Furthermore, increasing acceptance of sensor networks so as to observe different processes paired with increasing security concerns for the automation sector will foster the development of industrial wireless sensor networks. On the flip side, the accessibility of various wireless communication standards is likely to have a negative impact on the industrial wireless sensor networks market.

Industrial Wireless Sensor Networks (IWSN) Market: Report Scope

Sensor Segment Analysis Preview

Based on sensors, the global Industrial Wireless Sensor Networks (IWSN) market is segmented into Chemical & Gas Sensors, Humidity Sensors, Motion & Position Sensors, Temperature Sensors, Pressure Sensors, Level Sensors, Flow Sensors, and Image & Surveillance Sensors. The temperature Sensor segment held the major share in the market. This is attributed to the rising demand in the various end-use industries. Flow sensors and pressure sensors are likely to be the most profitable type of sensors in the industrial wireless sensor networks market. They are likely to exhibit remarkable development in the forecast period owing to rising requirements from the oil & gas and chemical sector, boosting the industrial wireless sensor networks market.

Application Segment Analysis Preview

On the basis of Application, the Industrial Wireless Sensor Networks (IWSN) market is segmented into Food & Beverages, Automotive, Energy, Power, Healthcare, Medical, Mining, Oil & Gas, And chemicals. The automotive segment witnesses a major growth rate in the market and is likely to remain dominant throughout the forecast period.

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Technology Segment Analysis Preview

On the basis of Technology, the Industrial Wireless Sensor Networks (IWSN) market is segmented into Wi-Fi, ISA100.11a, Bluetooth, WLAN, Wireless HART, ZigBee, And Others. WirelessHART segment held the major share in the market in 2020 owing to their benefits such as the provision of a user-friendly environment by maintaining compatibility within existing devices, tools, and systems

Regional Segment Analysis Preview

North America was a dominating area for industrial wireless sensor networks. Acceptance of intelligent manufacturing & smart factories and attendance of many manufacturers in the industrial wireless sensor networks market are some of the reasons that might power the development of the industrial wireless sensor networks market. The high dependability of wireless technology will be the major reason to drive the growth for the industrial wireless sensor networks market in Europe.

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Key Market Players & Competitive Landscape

The major players operating in the Industrial Wireless Sensor Networks (IWSN) market are:

• Endress+Hauser AG
• Lantronix Inc.
• Honeywell Process Solutions
• Emerson Process Management
• Digi International Inc.
• Freescale Semiconductor, Inc.
• ABB Ltd.
• Linear Technology Corporation
• Siemens AG
• Schneider Electric SA
• Millennial Net Inc.
• Texas Instruments
• STMicroelectronics
• Yokogawa Electric Corporation amongst others.  

The global Industrial Wireless Sensor Networks (IWSN) market is segmented as follows:   

By Sensor

• Chemical & Gas Sensors
• Humidity Sensors
• Motion & Position Sensors
• Temperature Sensor
• Pressure Sensors
• Level Sensors
• Flow Sensors
• Image & Surveillance Sensors

By Application  

• Food & Beverages
• Residential
• Energy And Power
• Healthcare
• Oil & Gas
• Chemical
• Others

By Technology

• Wi-Fi
• ISA100.11a
• Bluetooth
• WLAN,
• Wireless HART
• ZigBee
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa