Industrial Wireless Sensor Network Market cover

Industrial Wireless Sensor Network Market by Technologies (ISA 100.11A, Cellular Network, Wi-Fi, Bluetooth, WirelesHART, Near Field Communication, and ZigBee), Components (Service, Hardware, and Software), Applications (Asset Tracking, Machine Monitoring, Safety & Surveillance, and Process Monitoring), Types (Chemical Sensors, Gas Sensors, Humidity Sensors, Level Sensors, Temperature Sensors, Light Sensors, Motion & Position Sensors, Flow Sensors, Pressure Sensors, and Others), End-users (Utilities, Mining, Food & Beverages, Oil & Gas, Manufacturing, Automotive, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-3680
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 5
  • No. Of Pages: 190
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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.


Industrial Wireless Sensor Network Market summary

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.

Attributes

Details

Report Title

Industrial Wireless Sensor Network Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Technologies (ISA 100.11A, Cellular Network, Wi-Fi, Bluetooth, WirelesHART, Near Field Communication, and ZigBee), Components (Service, Hardware, and Software), Applications (Asset Tracking, Machine Monitoring, Safety & Surveillance, and Process Monitoring), Types (Chemical Sensors, Gas Sensors, Humidity Sensors, Level Sensors, Temperature Sensors, Light Sensors, Motion & Position Sensors, Flow Sensors, Pressure Sensors, and Others), and End-users (Utilities, Mining, Food & Beverages, Oil & Gas, Manufacturing, Automotive, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

ABB Ltd.; NXP Semiconductors N.V.; Schneider Electric; Siemens AG; Yokogawa Electric Corp.; Analog Devices, Inc.; Lantronix, Inc.; Honeywell Process Solutions; STMicroelectronics N.V.; and Texas Instruments Inc.

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.


Industrial Wireless Sensor Network Market types

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.


Industrial Wireless Sensor Network Market region

Segments

Segments Covered in the Report

The global industrial wireless sensor network market has been segmented on the basis of

Technologies

  • ISA 100.11A
  • Cellular Network
  • Wi-Fi
  • Bluetooth
  • WirelesHART
  • Near Field Communication
  • ZigBee

Components

  • Service
  • Hardware
  • Software

Applications

  • Asset Tracking
  • Machine Monitoring
  • Safety & Surveillance
  • Process Monitoring

Types

  • Chemical Sensors
  • Gas Sensors
  • Humidity Sensors
  • Level Sensors
  • Temperature Sensors
  • Light Sensors
  • Motion & Position Sensors
  • Flow Sensors
  • Pressure Sensors
  • Others

End-users

  • Utilities
  • Mining
  • Food & Beverages
  • Oil & Gas
  • Manufacturing
  • Automotive
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • ABB Ltd.
  • NXP Semiconductors N.V.
  • Schneider Electric
  • Siemens AG
  • Yokogawa Electric Corp.
  • Analog Devices, Inc.
  • Lantronix, Inc.
  • Honeywell Process Solutions
  • STMicroelectronics N.V.
  • Texas Instruments Inc.

Competitive Landscape

Key players competing in the global industrial wireless sensor network market are ABB Ltd.; NXP Semiconductors N.V.; Schneider Electric; Siemens AG; Yokogawa Electric Corp.; Analog Devices, Inc.; Lantronix, Inc.; Honeywell Process Solutions; STMicroelectronics N.V.; and Texas Instruments Inc. Companies are focusing on investment in R&D for development of technologically advanced products to maintain their competitive position in the market. Companies have been widely engaged in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.

Industrial Wireless Sensor Network Market keyplayers

For instance, in November 2017, Honeywell Process Solutions announced a launch of a new connected gas sensors, Sensepoint XRL in provision of secure industrial operations. The newly launched sensor is a secure gas detector that observes industrial processes for particular hazardous gases, such as methane or carbon monoxide. 
 

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Wireless Sensor Network Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Industrial Wireless Sensor Network Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Industrial Wireless Sensor Network Market - Supply Chain
  4.5. Global Industrial Wireless Sensor Network Market Forecast
     4.5.1. Industrial Wireless Sensor Network Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Industrial Wireless Sensor Network Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Industrial Wireless Sensor Network Market Absolute $ Opportunity
5. Global Industrial Wireless Sensor Network Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Industrial Wireless Sensor Network Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Industrial Wireless Sensor Network Demand Share Forecast, 2019-2026
6. North America Industrial Wireless Sensor Network Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Industrial Wireless Sensor Network Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Industrial Wireless Sensor Network Demand Share Forecast, 2019-2026
7. Latin America Industrial Wireless Sensor Network Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Industrial Wireless Sensor Network Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Industrial Wireless Sensor Network Demand Share Forecast, 2019-2026
8. Europe Industrial Wireless Sensor Network Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Industrial Wireless Sensor Network Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Industrial Wireless Sensor Network Demand Share Forecast, 2019-2026
9. Asia Pacific Industrial Wireless Sensor Network Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Industrial Wireless Sensor Network Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Industrial Wireless Sensor Network Demand Share Forecast, 2019-2026
10. Middle East & Africa Industrial Wireless Sensor Network Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Industrial Wireless Sensor Network Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Industrial Wireless Sensor Network Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Industrial Wireless Sensor Network Market: Market Share Analysis
  11.2. Industrial Wireless Sensor Network Distributors and Customers
  11.3. Industrial Wireless Sensor Network Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. ABB Ltd.
     11.4.2. NXP Semiconductors N.V.
     11.4.3. Schneider Electric
     11.4.4. Siemens AG
     11.4.5. Yokogawa Electric Corp.
     11.4.6. Analog Devices, Inc.
     11.4.7. Lantronix, Inc.
     11.4.8.

Segments Covered in the Report

The global industrial wireless sensor network market has been segmented on the basis of

Technologies

  • ISA 100.11A
  • Cellular Network
  • Wi-Fi
  • Bluetooth
  • WirelesHART
  • Near Field Communication
  • ZigBee

Components

  • Service
  • Hardware
  • Software

Applications

  • Asset Tracking
  • Machine Monitoring
  • Safety & Surveillance
  • Process Monitoring

Types

  • Chemical Sensors
  • Gas Sensors
  • Humidity Sensors
  • Level Sensors
  • Temperature Sensors
  • Light Sensors
  • Motion & Position Sensors
  • Flow Sensors
  • Pressure Sensors
  • Others

End-users

  • Utilities
  • Mining
  • Food & Beverages
  • Oil & Gas
  • Manufacturing
  • Automotive
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • ABB Ltd.
  • NXP Semiconductors N.V.
  • Schneider Electric
  • Siemens AG
  • Yokogawa Electric Corp.
  • Analog Devices, Inc.
  • Lantronix, Inc.
  • Honeywell Process Solutions
  • STMicroelectronics N.V.
  • Texas Instruments Inc.

Key players competing in the global industrial wireless sensor network market are ABB Ltd.; NXP Semiconductors N.V.; Schneider Electric; Siemens AG; Yokogawa Electric Corp.; Analog Devices, Inc.; Lantronix, Inc.; Honeywell Process Solutions; STMicroelectronics N.V.; and Texas Instruments Inc. Companies are focusing on investment in R&D for development of technologically advanced products to maintain their competitive position in the market. Companies have been widely engaged in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.

Industrial Wireless Sensor Network Market keyplayers

For instance, in November 2017, Honeywell Process Solutions announced a launch of a new connected gas sensors, Sensepoint XRL in provision of secure industrial operations. The newly launched sensor is a secure gas detector that observes industrial processes for particular hazardous gases, such as methane or carbon monoxide. 
 

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