As per the latest report by IMARC Group, titled “Wireless Sensors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global wireless sensors market size reached US$ 5.0 Billion in 2019. Wireless sensors are devices that identify, record and respond to the changes taking place in the immediate physical environment. They have transmitters, which assist in converting signals from a process control instrument to a radio transmission. Wireless sensors were initially conceptualized for military applications. However, they are now also employed in regions that are difficult to access on account of severe weather conditions, such as wind, humidity, pollution and high temperature. As they aid in supervising processes in these regions, they are extensively used in managing water and detecting floods and forest fires.
Global Wireless Sensors Market Trends:
At present, the sales of smart wearable devices are on the rise owing to the widespread internet penetration. This represents one of the major factors strengthening the market for wireless sensors, which are widely used in these devices. Apart from this, the burgeoning defense industry is further catalyzing the demand for wireless sensors in military control, command, intelligence, computing, communications, battlefield surveillance, reconnaissance and targeting systems. Furthermore, prominent vendors operating in the industry are focusing on developing hi-tech future-based devices, especially for autonomous vehicles. As a result, they are expanding their budget to invest in research and development (R&D) activities. Looking forward, the market value is projected to reach US$ 14.6 Billion by 2025, expanding at a CAGR of 17% during the forecast period (2020-2025).
Market Summary:
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