US Wireless Sensors Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 16.40 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
US Wireless Sensors Market Analysis
The United States wireless sensor market is expected to register a CAGR of 16.4% during the forecast period (2021 - 2026). The COVID-19 outbreak forced companies worldwide to adjust their strategies to survive in the "new normal." The COVID-19 outbreak affected the various manufacturing industries, resulting in a temporary shutdown of industrial operations. The supply chains ' disruption affected the production of consumer electronics, automotive, healthcare devices, and other sectors, which are prominent adopters of wireless sensors.
- Wireless sensors offer several advantages, such as accuracy and reliability, with the help of various innovative technologies, such as RFID and Bluetooth, in addition to the potential to make electronic devices easy to integrate. As a result, they gained significant traction in the past few years.
- These sensors are primarily used in factory settings for data monitoring of production flow. These also find applications in defense, building automation, and other industries, like materials handling and food and beverage, due to the increasing quest for new energy sources, government regulations, renewable energy development, and rapid technological advancements.
- Due to the increased government regulation in the region for the increased use of the sensor for safety, the demand for wireless sensors is growing. For instance, the areas with challenging environmental conditions, such as extreme high pressure, high temperature, etc. With the help of wireless sensors, it becomes easy to control and monitor the facility from a safe distance continually. They help to acquire the data from locations, which are difficult to access.
- Industry 4.0 revolution, in which machines are becoming more intelligent and intuitive, is increasing the need for the industrial applications of wireless sensors. The new machines are to be designed to be more efficient, safe, and flexible, with the ability to monitor their performance, usage, and failure autonomously. Therefore, these applications spur the demand for highly sensitive sensors.
- The rising adoption of IoT (Internet-of-Things) in the United States is another major factor driving the market's growth. This growth in IoT-connected devices is projected to fuel the demand for wireless sensors.
- Further, transforming the development of smart homes and buildings, smart cities, and smart factories demand the use of wireless sensors, owing to the small form factor, high precision, low power consumption, and ability to control and monitor ambient parameters (such as humidity, pressure, and air quality) in smart homes with the help of wireless technologies.
US Wireless Sensors Market Trends
This section covers the major market trends shaping the US Wireless Sensors Market according to our research experts:
Position and proximity sensor is Expected to Hold Significant Market Share
- Position sensors can detect an object's movement or calculate its relative position relative to a known reference point. Sensors of this type can also be used to detect the presence or absence of an object. Many sensor types perform comparable functions to position sensors that are worth mentioning. Motion sensors detect an object's movement and can be utilized to initiate an action. Proximity sensors can also identify when an object enters the sensor's range. As a result, both sensors could be classified as specialized position sensors.
- Wireless position sensors are used in automobiles to determine the steering wheel's position, pedals, seats, and other valves, knobs, and actuators. Position sensors are divided into three categories: angular, rotational, and linear. Wiper-arm potentiometers, optical reflection or imaging, and Hall-effect sensors are among the technologies used to sense position in these sensors.
- To meet industry requirements, the manufacturing business necessitates a high level of precision. To make high-quality products, manufacturers concentrate on two key parameters: measurement precision and thorough inspection. A position sensor monitors several essential properties, including profiling, width, height, step, gap, V-gap, edge, angle, bend, groove, and surface.
- HVAC systems, transportation systems, industrial equipment, mobile hydraulics, smart buildings, heavy-duty gear, and construction equipment can all benefit from these sensors, which detect, measure, and assess the profiles on various object surfaces. When the position sensor is connected with the analytics software, many measurement jobs become more accessible. As a result, the wireless position sensor is ideal for automating, testing, or monitoring operations where displacement, distance, length, or position parameters need to be detected.
- Further, position sensors are made/assembled with various components from several vendors, including position magnets, sensing rods, electronics housing fixtures, diagnostic light-emitting diodes (LEDs), and connectors. Profitability is primarily determined by the availability and cost of raw materials and components, as well as the length of time it takes to bring the finished product to market. The main challenge for enterprises in this area is expanding their manufacturing capabilities, producing higher-quality products, and lowering overall production costs.
Automotive Accounts For the Largest Market Share
- Automotive vehicles have undergone various changes over the last few decades. Previously, cars used to work with basic electrical systems that offered power for headlights and spark plugs. As technology progressed, cars were fitted with the latest gadgets, such as radios, alarms, and wipers. Various technological advancements have also been made for vehicles’ safety, such as airbag deployment. The increase in these sensor-dependent features has driven engineers to develop more accurate sensors with automotive applications in mind.
- The automotive sector embraces wireless sensors as they are smaller in size, easy to install, reliable, and self-configuring. They also help to improve performance, reduce cost, and enhance reliability. Companies, such as Premo, a Spain-based company engaged in developing, manufacturing, and selling electronic components, use wireless devices embedded in new generation automobiles by offering a full range of wireless sensors for all types of non-critical systems inside vehicles.
- Further, with the growing demand for such sensors in the United States, companies like Phoenix Sensors, one of the suppliers of wireless sensors in the automotive sector, offer these sensors that help match the demand for wireless technology used in automobiles.
- IRN8WS4 is the only sensor available to perform wireless infrared (IR) tire temperature measurements, and it transmits data to a generic master receiver in 868, 902, or 920-MHz frequencies. It uses a reliable, proven wireless technology, standard in most industrial, scientific, and medical systems, and a miniaturization process that results in compact, lightweight sensors. The sensor allows technicians to measure tire temperatures internally in motorsport as well as automotive R&D labs.
- Moreover, with the increasing use of electric vehicles, technology pioneers like Qualcomm have developed efficient wireless charging technology for cars. This wireless charging technology offers convenience for users to charge their vehicles at wireless charging stations, parking lots, or at home efficiently. The company has also achieved transfer efficiency of more than 90% with a single primary base pad. The company believes that the technology can be further improved for better efficiency and more straightforward implementation in the future.
US Wireless Sensors Industry Overview
The United States 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:
- August 2021 - A team of researchers from UMass Lowell and Northeastern University developed a wireless sensor network to detect coronavirus in the air, wastewater in real-time. The project is called "DiSenDa," which stands for Disease Surveillance with Multi-Modal Sensor Network and Data Analytics. The probes attached to the sensors have been specifically designed to detect the presence of biomarkers for SARS-CoV-2 in the air and wastewater samples.
- March 2021 - Monnit announced the availability of its ALTA Soil Moisture Sensor to meet the AgriTech market's demands. The innovative Soil Moisture Sensor assists farmers, commercial growers, and greenhouse managers in easily connecting their precision irrigation operations to the Internet of Things (IoT).
US Wireless Sensors Market Leaders
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Honeywell International Inc.
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Emerson Electric Co.
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Texas Instruments Incorporated
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ABB Ltd
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Pasco Scientific
*Disclaimer: Major Players sorted in no particular order
US Wireless Sensors Market News
- June 2021 - Salunda launched a wireless sensor network for connectivity of critical production, operational, and safety systems in the oil and gas industry, such as Red Zone management. The Hawk wireless network can be retrofitted to existing infrastructure and rapidly commissioned while drilling activity continues, ensuring minimum downtime and disruption to productivity. The network can be integrated with third-party sensors and control systems to improve platform safety further, predict equipment failure, enhance production and operational efficiencies.
- March 2021 - MIT researchers have developed wireless sensing and AI system that could help improve patients' techniques with self-administered medications such as inhalers and insulin pens. The wireless sensors could detect errors in self-administered medication, ranging from swallowing pills and injecting insulin. According to MIT, users can install the system in their homes, and it can alert patients and caregivers to medication errors and potentially reduce unnecessary hospital visits.
US Wireless Sensors Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes
4.3.5 Intensity of Competitive Rivalry
4.4 Technology Snapshot
4.5 Impact of COVID-19 on the market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Adoption of Wireless Technologies (Especially in Harsh Environments)
5.1.2 Emergence of Smart Factory Concepts (Industrial Automation)
5.2 Market Challenges
5.2.1 Higher Security Needs and Cost associated with the Sensor Products
5.2.2 Concerns pertaining to cybersecurity in the IoT space and recent developments
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Pressure Sensor
6.1.2 Temperature Sensor
6.1.3 Chemical and Gas Sensor
6.1.4 Position and Proximity Sensor
6.1.5 Other Types
6.2 By End-user Industry
6.2.1 Automotive
6.2.2 Healthcare
6.2.3 Aerospace and Defense
6.2.4 Energy and Power
6.2.5 Food and Beverage
6.2.6 Other End-user Industries
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Honeywell International Inc.
7.1.2 Emerson Electric Co.
7.1.3 Texas Instruments Incorporated
7.1.4 ABB Ltd.
7.1.5 Pasco Scientific
7.1.6 Monnit Corporation
7.1.7 Phoenix Sensors LLC
7.1.8 Schneider Electric
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OUTLOOK OF THE MARKET
US Wireless Sensors Industry Segmentation
The study characterizes the wireless sensors market based on the type of wireless sensors and the end-user industry. 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. Key base indicators considered for the study are adoption and penetration rate in various industries, such as automotive, healthcare, energy and power, aerospace and defense, current trends, and several other key macro-economic indicators.
| By Type | |
| Pressure Sensor | |
| Temperature Sensor | |
| Chemical and Gas Sensor | |
| Position and Proximity Sensor | |
| Other Types |
| By End-user Industry | |
| Automotive | |
| Healthcare | |
| Aerospace and Defense | |
| Energy and Power | |
| Food and Beverage | |
| Other End-user Industries |
US Wireless Sensors Market Research FAQs
What is the current US Wireless Sensors Market size?
The US Wireless Sensors Market is projected to register a CAGR of 16.40% during the forecast period (2024-2029)
Who are the key players in US Wireless Sensors Market?
Honeywell International Inc., Emerson Electric Co., Texas Instruments Incorporated, ABB Ltd and Pasco Scientific are the major companies operating in the US Wireless Sensors Market.
What years does this US Wireless Sensors Market cover?
The report covers the US Wireless Sensors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the US Wireless Sensors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
US Wireless Sensors Industry Report
Statistics for the 2024 US Wireless Sensors market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. US Wireless Sensors analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
US Wireless Sensors Report Snapshots
