Industrial Wireless Sensor Network Market Size, Share | 2030

Report Description

The global industrial wireless sensor network market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the growing emphasis of emerging economies on improving communication links between industrial devices to ensure seamless communication using wireless systems.

Get Free Sample Report

Industrial wireless sensor network (IWSN) is the network of disseminated sensing platform with wireless communication. IWSN is located in remote areas, and uses wireless technology to transfer signals to the control room. This system can be monitored, controlled, and troubleshoot remotely. This system is mainly used for control process & monitoring and data processing. IWSN comprise of nodes. A node in the sensor network, includes analogue-to-digital converters, microcontroller, controllers, data storage, a data transceiver, and sensor, which hold the pieces together with an energy source.

The COVID-19 pandemic outbreak had a negative impact on the market. During the pandemic, emergency lockdown imposed by government bodies across the regions to avoid the further spread of the virus resulted in, temporary shutdown of industries. Additionally, social distancing norms and travel ban affected a trade business, which created a gap between demand and supply chain and forced to halt the manufacturing, which significantly affected the market. The market is expected to recover soon with an uptrend operation due to gradually decline in COVID cases across the globe.

Market Trends, Drivers, Restraints, and Opportunities

• Increasing adoption of enhanced communication through radio nodes arranged in IWSN technology is one of the key factors driving the market growth.

• Rising implementation of IWSN for monitoring applications and its compact size is projected to boost the market during the forecast period.
• Limiting battery life and bandwidth acts as a major challenge that can restrict the market growth in the coming years.
• Growing concern about data security and privacy is expected to hamper the market growth during the projected timeline.
• Integrating technologies, such as big data, machine learning, and Artificial Intelligence with IWSN services is anticipated to create significant growth opportunities for the market.

Scope of the Report

The report on the global industrial wireless sensor network market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Market Segment Insights

Cost effectiveness drives the wirelesHART segment

In terms of technologies, the market is divided into ISA 100.11A, cellular network, Wi-Fi, Bluetooth, wirelesHART, near field communication, and ZigBee. The wirelesHART segment is projected to expand at robust growth rate during the forecast period due to the benefits it offer, such as establishment of a user-friendly environment by maintaining compatibility within existing systems, devices, and tools. Additionally, the segment growth is further accelerated as wirelesHART is cost effective and less complex in nature. However, the cellular network segment is anticipated to expand at a substantial CAGR during the forecast period owing to its increasing use in gateway communications.

 Software segment to grow at high CAGR

On the basis of components, the global industrial wireless sensor network market is segregated into service, hardware, and software. The software segment is estimated to grow at high CAGR during the forecast period owing to escalating demand for self-organizing networks and service-oriented software architecture. Furthermore, the implementation of software defined network in IWSN components is improving sustainability and efficiency of the system, is major driver of the segment. On the other hand, the hardware segment is anticipated to register significant growth during the projected period attributed to boost in use of gateways, sensor nodes, and routers to create network infrastructure.

Process monitoring segment to expand at robust growth rate

In terms of applications, the market is fragmented into asset tracking, machine monitoring, safety & surveillance, and process monitoring. The process monitoring segment is anticipated to expand at robust growth rate during the forecast period attributed to this application offer several benefits, including reduced costs in comparison to the wired solutions, elimination of wiring constraints, and easy maintenance. However, the asset tracking segment is projected to expand at a considerable CAGR during the forecast period owing to the reduced deployment and maintenance costs and enhanced operational efficiency.

Flow sensors segment to register a significant growth

On the basis of types, the global industrial wireless sensor network market is segmented into chemical sensors, gas sensors, humidity sensors, level sensors, temperature sensors, light sensors, motion & position sensors, flow sensors, pressure sensors, and others. The flow sensors segment is projected to register a significant growth during the projected period owing to the growing application in food & beverage, oil & gas, and chemical industries for inferentially evaluating flow rates of fluids or liquids. On the other hand, the gas sensors segment is anticipated to expand at a substantial growth rate in the coming years attributed to the rising implementation of gas sensors in industries, such as manufacturing, oil & gas, chemical & petroleum, and pharmaceuticals as it helps in detection of harmful gases.

Get Free Sample Report

Surging use of ISWN drives the manufacturing segment

Based on end-users, the market is divided into utilities, mining, food & beverages, oil & gas, manufacturing, automotive, and others. The manufacturing segment is projected to expand at robust growth rate during the forecast period due to the surging use of sensor networks and availability of automated process management solutions, predictive maintenance, and quality control. However, the oil & gas segment is anticipated to expand at a substantial CAGR during the forecast period owing to IWSNs have communicating, sensing, and processing capabilities, which make them perfect for monitoring different downstream, midstream, and upstream operations in the oil & gas industry. Moreover, the use of IWSNs helps in reduction of malfunctioning and maintenance costs, increase production, and decrease the chances of accidents is driving the segment growth further.

North America to constitute a key market share

In terms of region, the global industrial wireless sensor network market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key share of the market during the projected period owing to the presence of strong manufacturing sector, early adoption of new technologies, and investment in R&D sector for development in wireless sector. However, the market of Asia Pacific is anticipated to grow at a rapid pace during the forecast period due to the growing adoption of smart manufacturing process by organizations in the region.

Get Free Sample Report