The Wireless Sensors Market size is estimated at USD 9.25 billion in 2023, and is expected to reach USD 30.07 billion by 2028, growing at a CAGR of 26.59% during the forecast period (2023-2028).
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 primarily used in factory settings for data monitoring 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.
The Wireless Pressure Sensors Market is highly competitive. The high expense on research and development, partnerships, collaborations, and acquisitions are the prime growth strategies adopted by the regional companies to sustain the intense competition. Key players in the market are Honeywell International Inc., Schneider Electric SE, Emerson Electric Co., Texas Instruments Incorporated, Siemens AG, ABB Ltd., Rockwell Automation Inc, Pasco Scientific, and many more.
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