According to a new market report by Lucintel, the future of the wireless sensor network market looks promising with opportunities in the building automation, consumer electronics, industrial, automotive, and healthcare industries. The wireless sensor network market is expected to grow with a CAGR of 18% from 2019 to 2024. The major drivers for this market are increasing demand for smartphones and wearable devices, growth in internet connectivity, reducing cost of sensors, and increasing demand for remote monitoring services.
In this market, various wireless sensors, such as accelerometers, magnetometers, gyroscopes, inertial sensors, motion sensors, pressure sensors, and image sensors, are used in various end use industries.
Within the wireless sensor network market, building automation will remain the largest segment due to increasing adoption for automation to increase the energy efficiency of buildings and to reduce the energy cost.
Asia Pacific is expected to witness the highest growth over the forecast period due to increasing demand for smartphones and growth in connected devices.
Intel Corporation, Texas Instruments, Stmicroelectronics, TE Connectivity, NXP Semiconductor, Honeywell International, Invensense, Sensirion, Episenso, and Helium Systems are among the major manufacturers of wireless sensor networks.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the wireless sensor network market by end use industry, sensor type, connectivity type, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Wireless Sensor Network Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the wireless sensor network market by sensor type, end use industry, connectivity type, and region as follows:
By Sensor Type [$M shipment analysis for 2013 – 2024]:
• Accelerometers
• Magnetometers
• Gyroscopes
• Inertial Sensors
• Motion Sensors
• Pressure and Force Sensors
• Temperature and Humidity Sensors
• Microphones and Microspeakers
• Medical-based Sensors
• Image Sensors
• Touch Sensors
• Others
By End Use Industry [$M shipment analysis for 2013 – 2024]:
• Building Automation
• Consumer Electronics
• Healthcare
• Industrial
• Automotive
• Others
By Connectivity Type [$M shipment analysis for 2013 – 2024]:

• Wi-Fi
• Bluetooth
• Cellular Network
• GPS/GNSS Module
• ZigBee
• NFC
• Other

By Region [$M shipment analysis for 2013 – 2024]:
• North America
– United States
– Canada
– Mexico
• Europe
– Germany
– UK
– Italy
• Asia Pacific
– China
– Japan
– India
• Rest of the World

This 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the wireless sensor market by sensor type (accelerometer, magnetometer, gyroscopes, inertial sensor, motion sensor temperature and humidity sensors, pressure and force sensors, microphones and microspeakers, image sensors, medical-based sensors, touch sensors, and others), end use industry (building automation, consumer electronics, healthcare, industrial, automotive, and others), connectivity type (wi-fi, bluetooth, cellular network, gps/gnss module, zigbee, NFC, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market, and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity did occur in the last five years, and what has its impact been on the industry?