Global Industrial Wireless Sensor Networks (IWSN) Market 2024-2028
Global Industrial Wireless Sensor Networks (Iwsn) Market 2024-2028
The industrial wireless sensor networks (iwsn) market is forecasted to grow by USD 6409 mn during 2023-2028, accelerating at a CAGR of 18.52% during the forecast period. The report on the industrial wireless sensor networks (iwsn) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing adoption of industry 4.0 and smart manufacturing processes, growing demand for industrial automation and digitalization, and need for real-time monitoring and control of industrial processes.
Technavio's industrial wireless sensor networks (iwsn) market is segmented as below:
- By Technology
- ZigBee
- WirelessHART
- ISA-100.11a
- Wi-fi
- Bluetooth
- By End-user
- Automotive
- Food and beverage
- Metals and mining
- Oil and gas
- Waste management
- By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the adoption of cloud-based iwsn solutions for data storage and analysis as one of the prime reasons driving the industrial wireless sensor networks (iwsn) market growth during the next few years. Also, emergence of edge computing in iwsn for real-time data processing and analysis and growing use of ai and ml algorithms for predictive maintenance will lead to sizable demand in the market.
The report on the industrial wireless sensor networks (iwsn) market covers the following areas:
- Industrial wireless sensor networks (iwsn) market sizing
- Industrial wireless sensor networks (iwsn) market forecast
- Industrial wireless sensor networks (iwsn) market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial wireless sensor networks (iwsn) market vendors that include ABB Ltd., Advantech Co. Ltd., Analog Devices Inc., Banner Engineering Corp., Cisco Systems Inc., Dell Technologies Inc., Emerson Electric Co., Endress Hauser Group Services AG, Honeywell International Inc., Huawei Technologies Co. Ltd., Intel Corp., Lantronix Inc., NXP Semiconductors NV, Schneider Electric SE, Siemens AG, STMicroelectronics International N.V., TE Connectivity Ltd., Texas Instruments Inc., and Yokogawa Electric Corp.. Also, the industrial wireless sensor networks (iwsn) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.