Global Battery-Free Sensors Market Analysis 2022
The Global Battery-Free Sensors Market is expected to reach $152.45 million by 2028 growing at a CAGR of 25.6% from 2021 to 2028. Battery-free sensors are utilized for measuring, monitoring, and recording parameters such as measuring humidity, temperature, heat losses, and more. Battery-free sensors provide temperature and strain measurements. Battery-free sensors work on the principle of radiofrequency.
Factors such as the increasing adoption of automated condition monitoring solutions in smart factories and the rising use of battery-less sensors in IoT applications are driving the growth of the market. However, data security concerns and high costs are restraining the growth of the market.
Based on end user, the automotive segment is going to have a lucrative growth during the forecast period due to the advantages, such as prediction and prevention of equipment failure by improvising the performance and efficiency of assets and equipment at reduced maintenance costs.
The key vendors mentioned are Omni-ID, Xerox Corporation, Texas Instruments Incorporated, Semiconductor Components Industries, LLC, RFMicron, Inc., ON Semiconductor, General Electric, Molex Inc., Inductosense Ltd., Axzon, Microsemi, Infineon Technologies Ag, HID Global Corporation, Metalcraft, GAO Group, Farsens and Digi-Key Electronics.
Sensor Types Covered:
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