The wireless sensor networks market is projected to reach USD 14.6 billion by 2019. It had a previous turnaround of USD 552.4 million in 2012. The market is driven by the adoption of 8.5 billion smartphones by 2019. High costs of wireless sensors and common wireless sensor network (WSN) standards could reduce loss of data packets and ensure continuous data flow.
Wireless sensors are used to monitor temperature, pressure, or sound and pass the data to a central server. They are used in different network topologies to monitor processes in industrial applications. The WSN is built up of nodes which are miniscule in nature that utilize batteries or a form of energy harvesting as an energy source.
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Applications of the wireless sensor networks market are military projects, agriculture, industrial automation, healthcare, and security. Wireless sensors have the ability to store and analyze data at a local facility. They can be used to implement Internet of Things (IoT) in making smart roads, buildings, transportation, and mobile health.
Wireless sensors can be used to monitor health by emphasizing the need of a balanced diet, exercise, and stress management. Healthy lifestyles can increase the length of DNA sequences and reverse aging. This will increase interest for monitoring DNA sequences and encourage wellness initiatives.
The wireless sensor networks market depends on technology such as WirelessHART, ISA100.11, 802.15.4 based ZigBee, and Bluetooth Smart. This could spark a trend among wireless service providers to adhere to the best technology and ensure better service to consumers and industries alike.
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Collaborations between companies and government investment play a big role in the wireless sensor market growth. For instance, BeanAir has collaborated with Astrium to create next generation wireless sensors for avionic projects. The project is funded by the French government that fulfills the needs of the space industry.
North America leads the wireless sensor networks market on account of high adaptability of technology and scope of crop monitoring, energy harvesting, flood detection, and fire detection. Europe is also seen a potential market in terms of waste management and soil monitoring.
Key players of the wireless sensor networks market are EnOcean, Infinite Power Solutions (IPS), Boeing, Arveni, and Micropelt.
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