North America Wireless Sensors Market Size (2024 - 2029)

North America Wireless Sensors Market Analysis

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.

• Wireless sensors help to automate communication between critical systems and mitigate future problems for different utilities. For instance, water leak sensors can be mounted on walls to detect plumbing failures or pipes that may burst in the winter. Similarly, wireless rope sensors are being used in server rooms and data centers to detect the presence of water near computer hardware.
• These sensors also support disaster management efforts. For instance, in Texas, wireless sensors are being installed on bridges to detect water levels above a certain threshold, thus, indicating potential flash flooding in the area. Wireless vibration sensors are used in industrial plants with large machinery to predict equipment failures before they occur.
• Many companies are investing in wireless technologies in the region, which are cost-effective, safe, and convenient. For instance, SPM Instrument AB, a provider of condition monitoring technology and products, announced the release of Airius, a range of wireless vibration sensors for remote monitoring of industrial equipment. This sensor is a wireless, battery-powered vibration sensor ideal for remote condition monitoring of standard production equipment, such as pumps and fans.
• The increasing military spending across the region paves the way for technologies like drones/unmanned aerial vehicles (UAVs). In addition, the usage of wireless sensors in traditional fighter jets with high-end navigation systems is increasing significantly. The factors mentioned above are creating an exponential demand for wireless sensors in volumes as well.
• Further, the defense sector in the region is embracing wireless sensor technology, as these sensors can help organizations monitor their premises, identify suspicious activity, and track valuable assets. Moreover, they also find applications in banks. They can turn wireless push buttons into panic buttons for employees and retailers to install wireless window sensors on every building access point.

North America Wireless Sensors Industry Segmentation

The study characterizes the wireless sensors market based on the type of wireless sensors, the end-user industry, and the country. Wireless sensors are measurement tools for monitoring and recording the physical conditions of the environment. They are equipped with transmitters that convert signals from process control instruments into a radio transmission. These sensors have various applications in numerous sectors, such as automotive, healthcare, aerospace, etc. These have formed the part of the study in considering the end-user industry estimation. The scope of the study is currently focused on key regions, such as the United States and Canada. Further, to arrive at the overall market projections, the study analyzes the impact of COVID-19 and the investment scenario and other macro-economic factors.