Wireless sensor networks or WSN are distributed to monitor temperature, pressure, sound, and such other environmental and physical conditions. These networks are built of nodes that are connected to one or more sensors. Development of these sensors was initially motivated by military applications. However, innovation rediscovered the range of applications in this industry, which is driving the global wireless sensor market. Increasing deforms environmental and agriculture industries are creating rise in demand for wireless sensors. As a result, the global WSN market is sailing at steady growth rate. This is great news for new entrants and existing companies that are trying to invest into developing regions of the market.
Key Takeaways of WSN in Innovative Applications Market
Fields like environmental monitoring, precision agriculture, and defense are using wireless sensors to collect information, track changes, and monitor environmental and other changes in real time. The technology is proving highly beneficial for the agriculture and environment industries. Easy monitoring and granular control of the precision agriculture and environment sectors are the crucial factors dominating the global wireless sensors market with reference to these industries.
Segmentation in Wireless Sensors Industry
Basic segmentation in the global WSN industries for precision agriculture and environment sectors includes the types of products, applications, and their demand across various significant geographic regions of the world. The product segment is classified into physical, chemical, and mechanical sensors, which are further sub-segmented based on the sensor parameters that these sensors measure and detect.
- Physical sensors: Acoustic, pressure, humidity, flow, and temperature sensors
- Chemical Sensors: Gas and profile biosensors
- Mechanical sensors: Proximity, motion, level, and position sensors
Geographically, the market is categorized into various significant regions, which include Europe, North America, Asia pacific, and rest of the world. Applications segment is divided into two sub-segments, which include precision farming and environment sensing.
- Environment: Forest fire detection, water management, flood detection and warnings, greenhouse gas emission monitoring, ambient air monitoring, etc.
- Agriculture: Soil monitoring, crop growth monitoring, precision irrigation, pest and disease detection, vehicular movement, vehicular management, etc.
Market Trends and Forecasting Reports
According to the market research reports, global wireless sensor market is expected to maintain a healthy CAGR of over 11% from 2011 to 2016. During the forecasting period of the next two to three years, the market is expected to make steady growth within developed as well as developing regions, which is expected to be a vital sign for the businesses expecting ambitious investments within emerging regions of the market.
At the projected CAGR of over 11%, wireless sensors market is estimated to reach $2946 million by 2016. North America and Europe are poised to be the most dominating geographic regions. However industrial growth within Asia Pacific and rest of the world regions will help these regions witness healthy growth during the forecasting period.