Wireless Sensors Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)

The Wireless Sensors Market was valued at USD 4,435. 7 million in 2020 and is expected to reach a value of USD 15,998. 2 million in 2026, registering a CAGR of about 23. 5% during the period from 2021 to 2026.

New York, Nov. 03, 2021 (GLOBE NEWSWIRE) — announces the release of the report "Wireless Sensors Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)" –
Wireless sensors offer several advantages, such as accuracy and reliability, with the help of various innovative technologies, such as RFID and Bluetooth, and the potential to make electronic devices easy to integrate. As a result, they gained significant traction in the past few years. These sensors are mostly used in factory settings for data monitoring of production flow. These also find applications in Automotive, 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, the wireless sensors market is propelling.

Key Highlights
– Wireless sensors are considered a vital component in smart grids for remote monitoring of power lines and transformers. They are present in service to monitor line temperature and weather conditions. Industrial automation and demand for miniaturized consumer devices, such as wearables and IoT – connected devices, among others, across regions, are among the significant factors driving the wireless sensors market. Due to the increased government regulation 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 Oil rigs, Boilers, etc., present extreme high pressure, high temperature, etc. With the use of wireless sensors, it becomes easy to control and monitor the facility from a safe distance continually.
– Industry 4.0 revolution, in which machines are becoming more intelligent and intuitive, is increasing the need for wireless sensors’ industrial applications. The new devices are designed to be more efficient, safe, and flexible, with the ability to monitor their performance, usage, and failure autonomously. These applications, therefore, spur the demand for highly sensitive sensors. The rising adoption of IoT is another major factor driving the growth of the market. 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 demands the use of wireless sensors, owing to the small form factor, high precision, low power consumption, and ability to control ambient parameters.
– These sensors have reduced installation costs and minimal disruption to the workforce and interiors; therefore, installing wireless sensor systems requires no wiring or structural building changes. Many companies are investing in wireless technologies, which are cost-effective, safe as well as convenient. For instance, in March 2021, Monnit Corporation announced the availability of its ALTA Soil Moisture Sensor aimed to meet the demands of the AgriTech market. The innovative Soil Moisture Sensor assists farmers, commercial growers, […]

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