Industrial Wireless Sensor Network Market, IWSN Sector / Industry Report & Analysis, 2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Industrial Wireless Sensor Network Market


The global industrial wireless sensor network (IWSN) market size was valued at USD 2.64 billion in 2016 and is estimated to grow significantly over the coming years. IWSN is a network infrastructure that enables connectivity between sensor nodes and gateways without fiber cables. It also facilitates enhanced communication through radio nodes arranged in appropriate topologies. Thus, demand for IWSN has been increasing over the past few years and this trend is expected to continue over the forecast period.
 
Growing network infrastructure demand and focus on Internet of Things (IoT) devices have fueled market growth. Emerging economies are emphasizing on improving communication links between industrial devices to ensure seamless communication using wireless systems. Thus, industries such as oil and gasand utilities are implementing wireless sensor networks, as they are functional in remote locations and support mobility.
Increasing demand for WirelessHART and ISA-100.11a technologies and their rapid adoption in the market are expected to drive market growth. Moreover, wide-scale implementation of wireless networks for monitoring applications and their compact size are expected to positively influence growth over the forecast period. However, factors such as limited bandwidth and battery life are proving to be challenge for players in the market.
Growing regulations and policies imposed by government agencies, such as International Labor Organization (ILO) and Mine Safety and Health Administration (MSHA), have resulted in large-scale implementation of wireless sensor networks (WSN) in different industries. Moreover, smart manufacturing and Industrial Internet of Things (IIoT) have increased the implementation of wireless networks for data transferring.
In 2016, The United States Department of Energy estimated that 23.0% of the electricity is used in electric, motor-driven systems in U.S. The implementation of a WSN in advanced energy management solutions reduced power consumption by 18.0%. Eaton Corporation is focusing on developing and deploying a self-configuring WSN that operates within a range of open wireless protocols and can integrate with advanced energy management software.
Various governments are launching different programs to enhance connectivity and introduce mobility of systems, along with easy access to data. For instance, in U.S., El Paso city launched a project called ‘Digital El Paso’ to boost the application of wireless sensor networks. Such programs are creating growth opportunities for manufacturers in the IWSN market.

Market Segmentation, Outlook & Viewpoint: Global Industrial Wireless Sensor Network Market


Component Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Hardware

Software

Service


Type Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Temperature Sensors

Pressure Sensors

Level Sensors

Flow Sensors

Humidity Sensors

Motion & Position Sensors

Gas Sensors

Light Sensors

Chemical Sensors

Others


Technology Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Bluetooth

ZigBee

Wi-Fi

Near Field Communication (NFC)

Cellular Network

WirelessHART

ISA 100.11a


Application Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Machine Monitoring

Process Monitoring

Asset Tracking

Safety & Surveillance


End Use Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Automotive

Food & Beverages

Manufacturing

Mining

Oil & Gas

Utilities

Others


Key Players, Recent Developments & Regional Insights: Global Industrial Wireless Sensor Network Market


The adoption of IWSNs for process monitoring has been increasing in industries such as oil and gas and automotive. Compared to wired solutions, IWSN offers several advantages such as elimination of wiring constraints, easy maintenance, and reduced costs.
Asset tracking is expected to be the fastest-growing segment owing to reduced costs and enhanced operational efficiency. Moreover, availability of reliable solutions with improved battery life and a relatively longer range of wireless connectivity has led to the widespread adoption of asset tracking solutions in the manufacturing and logistics industries.
End Use Insights
The adoption of IWSN is expected to gain traction in the oil and gas end-use segment. IWSNs have sensing, processing, and communicating capabilities, which make them ideal for monitoring different upstream, midstream, and downstream operations in the oil and gas industry. The use of IWSNs helps increase production, decrease accidents, and reduce maintenance costs and malfunctioning.
 
The increasing use of sensor networks and availability of predictive maintenance, quality control, and automated process management solutions are expected to boost the adoption of IWSN in the manufacturing industry. Furthermore, soaring need for energy-efficient manufacturing and green manufacturing is impelling players in the electronics industry to opt for better plant monitoring and control solutions, thus, aiding the growth of the IWSN market.

Regional Insights
North America dominated the market in 2016, owing to growing adoption of IWSN for its advantages such as compactness, easy installation, easy access to data, and elimination of wired networks in hazardous environments and moveable parts. The growth of the regional market can also be attributed to increasing investments in wireless connectivity.
Asia Pacific is expected to witness the fastest growth in the market for IWSN. This can be attributed to rising implementation of smart manufacturing processes in countries such as China, India, and Taiwan. The MEA and Latin American regions are anticipated to witness considerable growth over the forecast period owing to increased applications of WSN in the oil and gas and mining industries.
Industrial Wireless Sensor Network (IWSN) Market Share Insights
Prominent players dominating the market includeABB Ltd.;Analog Devices, Inc.; Honeywell Process Solutions; Lantronix, Inc.; NXP Semiconductor; Schneider Electric; Siemens AG; STMicroelectronics N.V.; Texas Instruments, Inc.; and Yokogawa Electric Corporation.
Presence of a large number of IWSN providers in the market is expected to create intense competition among players.These players are launching new products with advanced technologies and enhanced durability to maintain their foothold in the market. Established companies from corresponding businesses are developing associations for advanced technologies and this is anticipated to reduce the threat for existing players. For instance, Ericsson acquired Belair Networks to integrate the technologies and solutions provided by the company into its existing products and services.

Key Insights Covered: Global Industrial Wireless Sensor Network Market
1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Industrial Wireless Sensor Network industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Industrial Wireless Sensor Network industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Industrial Wireless Sensor Network industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Industrial Wireless Sensor Network industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Industrial Wireless Sensor Network industry.

Research Methodology: Global Industrial Wireless Sensor Network Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other