WIRELESS IoT SENSOR MARKET

 

INTRODUCTION

 IoT is a wireless sensor technology that enables us to gather data about our immediate surroundings over time with little physical labour. Wireless sensors can be set up to measure a wide range of parameters, including vibration and air temperature. In general, there are numerous varieties of wireless sensors on the market.

 

These piezoelectric sensors have a wide dynamic range of linearity, can operate without external power, have low output noise, frequency, and can combine acceleration signals to produce displacement and velocity. Due to these distinctive PZT sensor characteristics, the market for piezoelectric sensors worldwide is expanding.

 

WIRELESS IoT SENSOR MARKET SIZE AND FORECAST

 

 

 The Global Wireless IoT Sensor Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

 

WIRELESS IoT SENSOR MARKET NEW PRODUCT LAUNCH

The newest Bluetooth 5.2 technology is  included in Infineon’s AIROC Wi-Fi 6/6E solutions, providing high-quality audio with LC3 and new BLE audio use cases like audio sharing and audio transmission. The special low-power Wake-on-Bluetooth LE mode enables the Bluetooth core to independently “listen” for incoming connection requests while the host CPU can save energy.

 

In addition to basic BT5.2, advanced wireless technology developments have been introduced to enhance BT/BLE range, robustness, latency, and power savings. When Bluetooth and Wi-Fi are used simultaneously, Infineon’s innovative Smart Coex increases Wi-Fi performance and is optimised for demanding multi-media use situations.

 

NEW ORLEANS Telog 41 Series cordless, battery-powered sensors from Trimble were unveiled for use in water monitoring applications. Ingenious, low-power, long-range (LoRa technology) wireless communications are used by these new Internet of Things (IoT) sensors to remotely measure and monitor water, wastewater, and groundwater systems, including water pressures, flows, levels, and rainfall amounts.

 

Five new wireless IoT sensors, part of the Telog 41 Series, track vital indicators for water, wastewater, and groundwater systems, such as pressures, levels, flows, and rainfall. The sensors send data to Telog software utilising LoRaWAN technology at intervals of five minutes to twenty-four hours.  Utilities have complete access to Telog 41 Series monitoring data, including alerts and alarms, sophisticated analytics, and reporting, using Telog cloud-hosted or on-premise software.

 

WIRELESS IoT SENSOR MARKET INDUSTRY OUTLOOK

• The Sensors segment (accounts for ~55-57% of overall semiconductor sales) continues to grow.
• Demand for electronic products and Automotive will drive semiconductor industry growth in the Asia-Pacific region. Expansion and new fab plant setups in South Korea, China, Taiwan, Japan, and India will play a crucial role in the global supply chain across various segments.
• Logic products (CPUs, GPUs, FPGAs) dominated with $178.5 billion in sales, accounting for over 60% of the industry’s total revenue. Memory followed with $92.3 billion, despite declining prices. Notably, both categories saw year-over-year declines except for GPUs, highlighting the industry’s current challenges. 
• Global semiconductor sales in 2023 dropped 9.4% to $520 billion but are forecast to rebound to $588 billion in 2024. The memory sector and GPUs are crucial drivers of this growth, with projections indicating a surge. 
• The semiconductor market is expected to experience strong growth in 2024 (15-20%) after a slow start in 2023.

 

WIRELESS IoT SENSOR MARKET DYNAMICS

• Sensors in several sectors play a critical role in the quality control of produced goods and online operations management. Organizations and industries are employing various types of sensors for their productivity, but the Internet of Things (IoT) has catapulted sensor innovation to new heights. 
• Various sectors will utilize this technology extensively for process management. Sensors will have crucial prospects for growth in using the Industrial Internet of Things (IIoT) for automated production processes. 
• Intelligent sensors change how manufacturers capture and communicate data, especially when paired with IoT. As a result, they help manufacture and produce quality goods more rapidly.
• Investments by governments and other organizations in healthcare for the adoption of advanced technologies, including IoT are the major factor in increasing sensor market in medical industry.
• Medical Sensors as a Wearable form with IoT Applications and machine learning techniques is now becoming an integral part of the health industry as it is granting a better quality of life to the patient.

 

 

WIRELESS IoT SENSOR MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost per Global Wireless IoT Sensor Market right now and how will it change in the next 5-6 years?
2. Average cost to set up a Global Wireless IoT Sensor Market in the US, Europe and China?
3. How many Global Wireless IoT Sensor Market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of a Global Wireless IoT Sensor Market and key vendor selection criteria
6. Where is the Global Wireless IoT Sensor Market  manufactured? What is the average margin per equipment?
7. Market share of Global Wireless IoT Sensor Market manufacturers and their upcoming products
8. The most important planned Global Wireless IoT Sensor Market in next 2 years
9. Details on network of major Global Wireless IoT Sensor Market and pricing plans
10. Cost advantage for OEMs who manufacture Global Wireless IoT Sensor Market in-house