Global Industrial Wireless Sensor Network Market by Component (Service, Hardware, Software) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

In 2018, the global industrial wireless sensor network market was valued at USD 3.282.2 million. It is projected to grow at a 15.2% CAGR from 2019 to 2025. IWSN, a network infrastructure, allows connectivity between sensor nodes or gateways using wireless signals. It allows for enhanced communication via radio nodes that are arranged in the appropriate topologies. The demand for IWSN is expected to rise over the forecast period.

Due to growing demand for network infrastructure and advancements in Artificial Inligence (AI), Machine Learning, and big data analytics, the IWSN market will grow substantially over the next few years. This technology has enabled companies to analyze large amounts of data from multiple sensors, including temperature, pressure, gas and flow.

Emerging economies around the world are focusing on improving communication links between industrial devices in order to facilitate seamless communication via wireless systems. Because wireless sensors can operate in remote areas, utilities and oil and gas industries are using them to create wireless networks.

Market growth is expected to be driven by the increasing demand for WirelessHART technology and its rapid adoption on the market. Market growth will be positively influenced by the widespread implementation of wireless networks to monitor applications and their small size. The market is facing challenges such as low bandwidth and short battery life.

The large-scale deployment of wireless sensor networks (WSNs) has been possible due to the increasing regulations and policies enforced by government agencies such as Mine Safety and Health Administration and International Labor Organization (ILO). Smart manufacturing and the Industry Internet of Things (IIoT), have also increased the use of wireless networks for data transmission.

According to the United States Department of Energy, 23.0% of electricity in America is used for electric motor-driven systems. A WSN was implemented in advanced energy management solutions to reduce power consumption by 18.0%. Eaton Corporation developed a self-configuring WSN, which can integrate with advanced energy management software and operates in a variety of open wireless protocols. Different governments have launched different programs to improve connectivity and bring mobility to systems. To increase the use of wireless sensor networks, El Paso, Texas, launched the project 'Digital El Paso'. These programs offer manufacturers growth opportunities in the IWSN market.

Component Insights

The market can be further divided by component into software, hardware, and services. In 2018, the software segment was dominant and will continue to be the fastest growing segment due to increasing demand for self-organizing networks and service-oriented software architecture. In order to increase efficiency and sustainability, the IWSN has also implemented Service Defined Network (SDN).

A significant portion of the IWNS market is also dominated by the hardware segment. The increasing use of routers, sensor nodes and gateways to build network infrastructure is responsible for the growth of the hardware market. The hardware segment is expected to grow due to increasing adoption of HTML3_ IoT HTML3_ HTML4_ and connected devices across industrial applications. The IWSN is also able to be deployed in remote locations, giving it an advantage over traditional wired counterparts. The hardware allows for easy integration of data and centralization of monitoring applications.

Type Insights

The market can be further divided by type into pressure sensor networks and temperature sensor network, level sensor network, flow sensor network, humidity sensor networking, motion & positioning sensor networks gas sensor networks light sensor networks chemical sensor networks and other. The market leader in 2018, however, was flow sensor networks. This is due to their increasing use in the oil and gas, chemical, food and beverage industries, as well as for measuring the flow rates of fluids. Many companies are also developing piezoelectric flow sensor systems that can be used in conjunction with wireless sensor nodes, to lower power consumption in the oil & gas industry.

Due to its large-scale use in industrial operations, the gas sensor networks segment will be the fastest-growing segment. These sensors detect harmful gases that are released during manufacturing. Gas sensors are becoming more popular in many industries, including oil and gas, pharmaceuticals and chemical, building automation, food and beverage, and chemical and petroleum. They are also cost-effective and small.

Technology Insights

The market can be further divided by technology into Bluetooth, ZigBee and Wi-Fi. WirelessHART dominated 2018's market due to its benefits, which include a user-friendly environment and compatibility with existing tools, devices, and systems. WirelessHART is used extensively in open wireless communication. It is also used for process monitoring and measurement applications. It is widely used in the oil and gas, manufacturing, and utilities industries due to its cost-effectiveness, simplicity, and versatility.

Due to increased gateway communication usage, the cellular network segment will be the fastest-growing segment in the future. The cellular network allows you to access information from anywhere. The market for industrial wireless sensor networks will see an increase in demand for IoT and smart manufacture. The segment is expected to grow due to the increased deployment of specialized wireless cellular standards like LTE-M, NB-IoT and IoT communication around the world.

Application Insights

The market can be further divided by application into machine monitoring and process monitoring, asset tracking, safety & surveillance, and asset tracking. Due to its many advantages, such as the elimination of wiring constraints, ease maintenance and lower costs, the process monitoring segment dominated 2018's market. The key factor driving their adoption was the IWSN's ability to activate and control moving parts and machinery.

Due to its operational efficiency, lower deployment and maintenance costs, asset tracking will be the fastest-growing segment in the future. Asset tracking solutions are being widely adopted in manufacturing and logistics due to their reliability and long range wireless connectivity.

End-Use Information

The market can be further divided by end-use into oil & gas and utilities, mining, food, & beverage, manufacturing, or other segments. In 2018, the largest market was the manufacturing segment. This is expected to continue to be the fastest-growing segment in the future due to increased use of sensor networks. Also, the availability of predictive maintenance, quality controls, and automated process management solutions will increase the adoption of IWSN within the manufacturing industry.

The growing demand for energy-efficient and green manufacturing is driving players in the electronics sector to look for better plant monitoring solutions and control solutions. This will help the IWSN market grow. A significant portion of the IWSN market is also accounted for by the utility segment. The rapid deployment of smart grid infrastructure around the world is responsible for the growth of the utility market. Smart Grid technology features full-duplex communication and distribution automation. It also allows for complete control and monitoring of the entire power network.

IWSN adoption is expected to increase in the oil-and-gas end-use sector. IWSNs are able to sense, process, and communicate which makes them ideal for monitoring various upstream, middlestream, and downstream operations within the oil and natural gas industry. IWSNs can be used to increase production, reduce accidents, and decrease maintenance costs as well as malfunctioning.

Regional Insights

Due to its strong manufacturing sector, the North American region market dominated global markets in 2018. Companies in the region also adopt emerging technologies to improve safety and process optimization. The growth of the North American region market is also driven by the increasing adoption of IWSN in offshore operations by oil and gas companies. The increase in research and development investments by key technology companies in wireless connectivity can also explain the growth of this regional market.

Due to increasing implementation of smart manufacturing processes such as in India, China, and Taiwan, the Asia Pacific region market will be the fastest growing. Due to the increased use of WSN in the mining and oil and gas industries, the MEA and Latin American regions will see significant growth during the forecast period.

Research on the Industrial Wireless Sensor Network Market

Analog Devices, Inc., ABB Limited, Lantronix, Inc., Honeywell Process Solutions, Schneider Electric, STMicroelectronics N.V., Siemens AG, Texas Instruments Inc., and Yokogawa Electric Corporation are some of the key industry players in this market. These market players are developing advanced industrial wireless sensors that can be used for multiple purposes.

There will be intense competition between players due to the presence of many IWSN providers on the market. To maintain their market share, these players launch new products that feature advanced technology and increased durability. Existing companies in the same industry are creating associations to share advanced technologies. This is expected to decrease the threat to existing players. Ericsson purchased Belair Networks, for example, to incorporate the solutions and technologies provided by the company in its products and services.

The Report Covers Certain Segments

This report provides a forecast of revenue growth at the global, regional and country level and analyzes the most recent industry trends in each sub-segment from 2014 through 2025. Grand View Research has divided the global industrial wireless sensors network market report by component, type, technology and end-use.

• Component Outlook (Revenue USD Million, 2014-2025)

  • Hardware

  • Software

  • Service

• Type Outlook (Revenue USD Million, 2014-2025)

  • Temperature Sensor Networks

  • Pressure Sensor Networks

  • Level Sensor Networks

  • Flow Sensor Networks

  • Humidity Sensor Networks

  • Motion & Position Sensor Networks

  • Gas Sensor Networks

  • Light Sensor Networks

  • Chemical Sensor Networks

  • Other

• Technology Outlook (Revenue USD Million, 2014-2025)

  • Bluetooth

  • ZigBee

  • Wi-Fi

  • Near Field Communication (NFC).

  • Cellular Network

  • WirelessHART

  • ISA 100.11a

• App Outlook (Revenue USD Million, 2014-2025)

  • Machine Monitoring

  • Process Monitoring

  • Asset tracking

  • Safety & Surveillance

• End-Use Outlook (Revenues, USD Millions; Million Units. 2014-2025).

  • Automotive

  • Oil & Gas

  • Utilities

  • Mining

  • Food & Beverage

  • Manufacturing

  • Other

• Regional Outlook (Revenue USD Million, 2014-2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa

Up Market Research published a new report titled “Industrial Wireless Sensor Network Market research report which is segmented by Component (Service, Hardware, Software), By Players/Companies Schneider Electric, Siemens AG, STMicroelectronics NV, Honeywell Process Solutions, Inc; ABB Limited, Inc; NXP Semiconductors, Analog Devices, among others These market players are working on developing advanced industrial wireless sensors for multiple applications, Lantronix, Texas Instruments Inc; and Yokogawa Electric Corporation”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Industrial Wireless Sensor Network Market Report Segments:

The market is segmented by Component (Service, Hardware, Software).

Industrial Wireless Sensor Network Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Industrial Wireless Sensor Network Market

Overview of the regional outlook of the Industrial Wireless Sensor Network Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Industrial Wireless Sensor Network Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Industrial Wireless Sensor Network Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Service

                2. Hardware

                3. Software

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Industrial Wireless Sensor Network Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Industrial Wireless Sensor Network Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.