Industrial Wireless Sensor Network Market Report by Component (Hardware, Software, Service), Sensor Type (Pressure Sensor, Temperature Sensor, Level Sensor, Flow Sensor, Biosensor, and Others), Application (Machine Monitoring, Process Monitoring, Asset Tracking, Safety and Surveillance), End Use (Automotive, Food and Beverages, Manufacturing, Mining, Oil and Gas, Utilities, and Others), and Region 2024-2032

Industrial Wireless Sensor Network Market Report by Component (Hardware, Software, Service), Sensor Type (Pressure Sensor, Temperature Sensor, Level Sensor, Flow Sensor, Biosensor, and Others), Application (Machine Monitoring, Process Monitoring, Asset Tracking, Safety and Surveillance), End Use (Automotive, Food and Beverages, Manufacturing, Mining, Oil and Gas, Utilities, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A6311
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Market Overview:

The global industrial wireless sensor network market size reached US$ 6.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 26.2 Billion by 2032, exhibiting a growth rate (CAGR) of 15.6% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 6.9 Billion
Market Forecast in 2032
US$ 26.2 Billion
Market Growth Rate (2024-2032) 15.6%


An industrial wireless sensor network (IWSN) comprises tiny autonomous sensors or nodes that are physically distributed in space. It relies on radio frequency (RF) waves to monitor and communicate several conditions, such as temperature, vibration, pressure, pollutants, and motion. It is easy to install and relocate while saving labor costs, energy, and materials compared to wired solutions. It enhances productivity as IWSN can automatically supervise processes without any manual intervention. As a result, it finds applications in machine health analysis, manufacturing, condition-based maintenance, automated metering, remote monitoring, and inventory, vehicle and personnel management.

Global Industrial Wireless Sensor Network Market

Industrial Wireless Sensor Network Market Trends:

At present, the growing demand for IWSN to improve communication between industrial devices and ensure seamless communication using wireless systems represents one of the key factors driving the market. Besides this, there is a rise in the utilization of artificial intelligence (AI), machine learning (ML), and big data analytics to analyze the large database of temperature, motion, pressure, gas, flow, and chemicals. This, along with the increasing development of network infrastructure, is contributing to the growth of the market. Moreover, the escalating demand for IWSN in the oil and gas industry to remotely monitor pipelines, natural gas leaks, and corrosion is offering lucrative growth opportunities to industry investors. In addition, there is an increase in the demand for WirelessHART and ISA-100.11a technologies in various industries across the globe. This, coupled with the growing demand for the internet of things (IoT) connected devices around the world, such as smart mobiles, refrigerators, fire alarms, door locks, bicycles, and fitness trackers, is positively influencing the market. Apart from this, the increasing application of IWSN in robotics for sensing, recognition, and interpretation of numerous programs is propelling the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial wireless sensor network market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, sensor type, application, and end use.

Breakup by Component:

  • Hardware
  • Software
  • Service
     

Breakup by Sensor Type:

  • Pressure Sensor
  • Temperature Sensor
  • Level Sensor
  • Flow Sensor
  • Biosensor
  • Others
     

Breakup by Application:

  • Machine Monitoring
  • Process Monitoring
  • Asset Tracking
  • Safety and Surveillance
     

Breakup by End Use:

  • Automotive
  • Food and Beverages
  • Manufacturing
  • Mining
  • Oil and Gas
  • Utilities
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd, Analog Devices Inc., Banner Engineering Corp., Emersion Electric Co., Endress+Hauser Management AG, Honeywell International Inc., NXP Semiconductors N.V, Schneider Electric, Siemens AG, ST Microelectronics, Texas Instruments Inc. and Yokogawa Electric Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Component, Sensor Type, Application, End Use, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered ABB Ltd, Analog Devices Inc., Banner Engineering Corp., Emersion Electric Co., Endress+Hauser Management AG, Honeywell International Inc., NXP Semiconductors N.V, Schneider Electric, Siemens AG, ST Microelectronics, Texas Instruments Inc. and Yokogawa Electric Corporation
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global industrial wireless sensor network market was valued at US$ 6.9 Billion in 2023.

We expect the global industrial wireless sensor network market to exhibit a CAGR of 15.6% during 2024-2032.

The rising demand for industrial wireless sensor network in machine health analysis, condition-based maintenance, automated metering, remote monitoring, etc., as it can automatically supervise processes without any manual intervention, is primarily driving the global industrial wireless sensor network market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous installation activities for industrial wireless sensor network.

Based on the component, the global industrial wireless sensor network market can be segmented into hardware, software, and service. Currently, software holds the majority of the total market share.

Based on the sensor type, the global industrial wireless sensor network market has been divided into pressure sensor, temperature sensor, level sensor, flow sensor, biosensor, and others. Among these, flow sensor currently exhibits a clear dominance in the market.

Based on the application, the global industrial wireless sensor network market can be categorized into machine monitoring, process monitoring, asset tracking, and safety and surveillance. Currently, process monitoring accounts for the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global industrial wireless sensor network market include ABB Ltd, Analog Devices Inc., Banner Engineering Corp., Emersion Electric Co., Endress+Hauser Management AG, Honeywell International Inc., NXP Semiconductors N.V, Schneider Electric, Siemens AG, ST Microelectronics, Texas Instruments Inc., and Yokogawa Electric Corporation.

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Industrial Wireless Sensor Network Market Report by Component (Hardware, Software, Service), Sensor Type (Pressure Sensor, Temperature Sensor, Level Sensor, Flow Sensor, Biosensor, and Others), Application (Machine Monitoring, Process Monitoring, Asset Tracking, Safety and Surveillance), End Use (Automotive, Food and Beverages, Manufacturing, Mining, Oil and Gas, Utilities, and Others), and Region 2024-2032
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