This wireless sensor network (WSN) is positioned in the remote areas and they wirelessly transmit signals to a staging area. This system is controllable with troubleshooting and remote monitoring features. Furthermore, this technology is extensively being utilized in industrial sectors such as oil & gas, automotive, manufacturing, and healthcare domain that is further strengthening the growth of WSN market globally. On the basis of type, the WSN market is segmented into underwater WSN, terrestrial WSN, underground WSN, and others. Among all these segments, underwater WSN is anticipated to witness the fastest growth during the forecast period since underwater WSN provides a seamless working environment to its users.
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Easy to use and application-specific feature of WSN, the ability to improve process efficiencies and easy arrangement of the technology are the key factors that are pertaining towards the growth of WSN market across the globe. Furthermore, this technology makes the processes in the industry more economic and effective and easy usability and handling of WSN technology makes it a popular option amongst a large number of people across the globe. Moreover, this technique is application specific, which makes the usability of this segment quiet clear. These factors are thereby fueling the growth of WSN market worldwide at an extensive rate.
Geographically, WSN market in North America is anticipated to generate the largest revenue by 2024 due to increasing awareness and adoption of this technology in this region and extensive requirement of WSN technique from oil and gas and chemical domain that is fuelling the growth of WSN market in this region at a rapid pace. Moreover, Asia-Pacific is expected to witness the fastest growth during the forecast period because of the increasing presence of manufacturing industries and increasing adoption of intelligent manufacturing in this region.
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Key players in the WSN market are launching new products in order to enhance their product portfolio and gain competitive advantage. For instance, in November 2017 Honeywell had launched connected gas sensors that help to perform secure industrial processes. Some of the prominent players in the WSN market include STMicroelectronics, Honeywell International Inc., Texas Instruments Inc., Siemens AG, NXP Semiconductors, Linear Technology Corporation, Schneider Electric, Emersion Electric, and NXP Semiconductors.
Wireless Sensor Network (WSN) Market by Region
- Rest of Europe
- Rest of Asia-Pacific
- Rest of Latin America
Middle East & Africa (MEA)
- Saudi Arabia
- Rest of MEA