December 06, 2018
WELLESLEY, Mass., Dec 6, 2018 – The Americas hold the largest market share of the wireless sensors market. Networks that incorporate wireless sensor devices are called wireless sensor networks (WSN), which typically consist of multiple-sensor nodes or devices, repeaters and gateways. The U.S. is currently leading the market, according to a report by BCC Research.
The Americas market for wireless sensors was valued at $1.4 billion in 2018 and is expected to reach $2.6 billion in 2023 at a compound annual growth rate (CAGR) of 12.3% during the forecast period, according to the report “Wireless Sensors: Technologies and Americas Markets.”
Major players in the market include ABB (ABB), Digi International (DGII), Emerson Electric Co. (EMR), Endress + Hauser, Honeywell International Inc. (HON), Hewlett-Packard (HPQ ), Johnson Controls International (JCI), NXP Semiconductors (NXPI), Qualcomm Incorporated (QCOM), Renesas (RNECF), Robert Bosch AG (Bosch Security Systems), Siemens AG (SIEGY), STMicroelectronics (STMEF), Texas Instruments (TXN) and United Technologies Corporation (UTX), among others.
“The Americas region includes industrially advanced and developed markets such as the U.S., Canada, and many Central and South American economies in various stages of political and economic stability,” the report notes. “Some Central and South American republics traditionally have been characterized by unstable governance. Nevertheless, countries with emerging market economies have the potential to boost the growth in the wireless sensors market.”
Agricultural Segment to See Highest Growth Through 2023
Wireless sensors for ecology and agriculture in the Americas are expected to grow at the highest growth rate during the forecast period. Wireless sensors can be used extensively to collect information about crop growth, proper watering patterns and fertilizer requirements. The agriculture industry is faced with the challenge of growing enough food for the world's growing population. The increasing use of wireless sensors for agriculture will boost the growth of wireless sensors market in this region.
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Wireless Sensors: Technologies and Americas Markets( IAS141A )
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