The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Wireless IoT Sensor Market. The growth sectors of the Wireless IoT Sensor Market are identified with precision for a better growth perspective.
The geographical analysis of the global wireless IoT sensors market has been done for North America, Europe, Asia-Pacific, and the rest of the world.
The North American market has been segmented into the US, Canada, and Mexico. The regional market is expected to account for the highest share of the global wireless IoT sensors market during the review period. The growth of the market in North America can be attributed to the high concentration of market players, and easy availability of proficient technical expertise in the region. Furthermore, the growing adoption of wireless sensors and networks across major applications such as industrial, automotive and transportation, healthcare, and consumer electronics also drive the demand for wireless IoT sensors in the region.
In terms of market size, Europe is expected to hold the second-largest share in the wireless IoT sensors market. The European market has been divided into the UK, Germany, France, and the rest of Europe. Germany is the leading country-level market whereas the market in France is expected to register the highest growth rate during the forecast period. In 2019, Nanotron Technologies GmbH launched 360° Edge Analytics and new location-aware wireless sensors for industrial IoT at the embedded world exhibition, 2019 in Nuremberg, Germany
The market in Asia-Pacific is expected to register the highest CAGR during the review period of 2019 to 2025. The regional market has been classified as China, Japan, India, and the rest of Asia-Pacific. China is among the leading revenue generators in the Asia-Pacific wireless IoT sensors market. Increasing reach of the Internet across commercial and residential applications, wide consumer base, and improving IT infrastructure drives market growth in the region.
The rest of the world includes South America, and the Middle East, and Africa. Among these, the market in the Middle East and Africa is expected to register the highest CAGR during the forecast.
The global wireless IoT sensors market size is expected to grow from USD 3,399.35 million in 2018 to USD 13,098.40 million by 2025, at a CAGR of 30.97% during the forecast period. Factors such as increasing demand for IoT devices, growing need for real-time computing for IoT applications, rise in internet penetration rate globally, and reduced size and cost of IoT sensors drive the demand for wireless IoT sensors across the globe.
On the basis of type, the market has been segmented into temperature sensor, pressure sensor, humidity sensor, flow sensors, magnetosensors, motion sensors, and others. The pressure sensor segment dominated the market in 2018, whereas the motion sensor segment is expected to register the highest CAGR during the forecast period from 2019 to 2025.
On the basis of technology, the market has been segmented into Wi-Fi, Bluetooth, NFC, ZigBee, EnOcean, and others. The Wi-Fi segment dominated the market in 2018, whereas the ZigBee segment is expected to register the highest CAGR during the forecast period from 2019 to 2025.
Wireless IoT Sensors Market is likely to grow at a CAGR of 32.87%, during the Predicted Years,…
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