APAC Wireless Sensors Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 25.29 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
APAC Wireless Sensors Market Analysis
The Asia Pacific wireless sensors market is expected to register a CAGR of 25.29% over the period 2021-2026. The growth of the Asia Pacific Wireless Sensors Market is currently being hindered by the maturity of the end-user segment and environmental impact on sensors. Manufacturers focus on investing in R&D activities as accuracy and reliability are major product selection criteria. The growth in the developments of Industry 4.0 with the Covid-19 pandemic on the global scale has been acting as a catalyst that pushed the development of intelligent wireless sensors that help in improving energy consumption with a high level of efficiency.
- The Asia Pacific market is expected to augur significant growth in the coming years. It is growing at the fastest pace, as compared to the other regions, owing to the presence of emerging countries such as India and China, which offer huge potential for growth.
- Wireless sensors are used in factory settings for data monitoring, the flow of production, and other similar functions, as well as in building automation, defense, and other industries like materials handling and food and beverage. The increasing quest for new energy sources, renewable energy development, government regulations, and rapid technological advancements are the key drivers which are making the wireless sensors market grow lucratively.
- Their usage has also increased as they are a vital component in smart grids for remote monitoring of transformers and power lines where they are put into service to monitor line temperature and weather conditions.
APAC Wireless Sensors Market Trends
This section covers the major market trends shaping the APAC Wireless Sensors Market according to our research experts:
Increasing Adoption of Smart Factories
- The Asia Pacific is one of the largest region in the electrical and electronics manufacturing market. The region is also a significant vendor of wireless sensor technologies, especially in China and Japan.
- Countries, such as China and Japan, are also embracing smart manufacturing, which includes the use of control systems, such as PLC, and SCADA, among others, for various purposes, such as asset monitoring and remote process monitoring. For instance, China aims to establish its intelligent manufacturing system and complete the key industries' transformation by 2025.
- Significant demand for consumer electronics devices like smartphones from countries such as China, India, Japan, and Singapore, are encouraging many vendors to set up production establishments in the region. The availability of raw materials and the low establishment and labor costs have also helped companies launch their production centers in the region.
- Moreover, the increase support and investment by the state governments for smart factories also aids their growth and, in turn, the usage of wireless sensors.
Increasing adoption of smart sensors in the region's automobile sector
- China is one of the world鈥檚 largest car markets and the world鈥檚 largest production site for cars, including electric cars, with much growth potential. According to the China Association of Automobile Manufacturers (CAAM), in September 2021, approximately 317,000 commercial vehicles were sold in China. Sales in China accounted for about 32.56% of global motor vehicle sales. In 2020, around 0.25 million plug-in hybrid cars had been sold in China, which increased from less than 0.1 million a few years back.聽鈥�
- As these industries account for a significant portion of the wireless sensor market, the region offers an excellent opportunity over the forecast period. The growing concept of connected cars and regulations regarding automotive safety is also expected to drive the adoption of wireless sensors in the region.聽鈥�
- The standardization of autonomous driving and advanced driver assistance systems (ADAS) in the region is expected to boost the market. Supportive government regulations aimed at passenger safety, industrial automation, environment monitoring, etc., also make the Asia Pacific substantial buyers of wireless sensors. The Chinese auto market was affected by regulations that mandate the use of TPMS for new vehicles, starting in 2019. The region houses prominent automakers, such as Toyota, Nissan, Honda, Mazda, Mitsubishi, Subaru, and Suzuki, which are potential buyers of the market.聽鈥�
APAC Wireless Sensors Industry Overview
The competitive landscape within the Asia Pacific Wireless Sensor market is moderately saturated as the region is home to multiple players.
- May 2020: China is expected to invest an estimated USD 1.4 trillion up till 2025, calling on urban governments and private tech giants like Huawei Technologies Co. to lay fifth-generation wireless networks, install cameras and sensors, and develop AI software that will underpin autonomous driving to automated factories and mass surveillance. Such investments are expected to develop the wireless sensor market in the region.
APAC Wireless Sensors Market Leaders
-
ABB Ltd.
-
Rockwell Automation
-
Emerson Electric Co.
-
STMicroelectronics
-
Texas Instruments
*Disclaimer: Major Players sorted in no particular order
APAC Wireless Sensors Market News
- July 2021: SoftBank Group Corp.'s Vision Fund 2 led a USD 200 million investment in Wiliot Inc., a semiconductor company that is developing ways to gather data in manufacturing and logistics using battery-free, stamp-sized sensor tags.
- May 2021: Lutron Electronics launched Vive wireless lighting control system in India, catering to greenfield, brownfield, and new small-scale projects. This premium wireless lighting control system can be installed in single spaces or throughout an entire campus. An increase in such cases is expected to increase the demand for wireless sensors in the region.
APAC Wireless Sensors Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Force Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Market Drivers
4.3.1 Increasing Adoption of Wireless Technologies (especially in harsh environments)
4.3.2 Emergence of Smart Factory Concepts (Industrial Automation)
4.4 Market Restraints
4.4.1 Bandwidth Contraints and Compatibility Issues due to Variety of Standards
4.5 Industry Value Chain Analysis
4.6 Impact of COVID-19 on the Market
4.7 Technology Snapshot
4.7.1 Type of Technology
4.7.1.1 Bluetooth
4.7.1.2 WiFi and Wlan
4.7.1.3 ZigBee
4.7.1.4 Wirelessshart
4.7.1.5 RFID
4.7.1.6 EnOcean
4.7.1.7 Others
5. MARKET SEGMENTATION
5.1 Type of Sensor
5.1.1 Pressure
5.1.2 Temperature
5.1.3 Image
5.1.4 Flow
5.1.5 Chemical and Gas
5.1.6 Position and Proximity
5.1.7 Others
5.2 Industry
5.2.1 Automotive
5.2.2 Healthcare
5.2.3 Aerospace and Defense
5.2.4 Energy and Power
5.2.5 Oil and Gas
5.2.6 Food and Beverage
5.2.7 Others
5.3 By Country
5.3.1 China
5.3.2 Japan
5.3.3 India
5.3.4 Others
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 ABB Ltd
6.1.2 STMicroelectronics
6.1.3 Texas Instruments Incorporated
6.1.4 Rockwell Automation Inc.
6.1.5 Emerson Electric Co
6.1.6 Honeywell International Inc.
6.1.7 Schneider Electric SA
6.1.8 Endress+Hauser SA
6.1.9 Yokogawa Electric Corporation
6.1.10 Siemens AG
6.1.11 General Electric
- *List Not Exhaustive
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
APAC Wireless Sensors Industry Segmentation
This report offers a detailed research analysis on Asia Pacific Wireless Sensors Market Segmented by type of sensor and Industry wherein its utilized. The study is based upon sensor segmentation according to the type of technology utilized (Bluetooth, Wi-Fi, WLAN, ZigBee, Wirelesshart, RFID, EnOcean) too.
| Type of Sensor | |
| Pressure | |
| Temperature | |
| Image | |
| Flow | |
| Chemical and Gas | |
| Position and Proximity | |
| Others |
| Industry | |
| Automotive | |
| Healthcare | |
| Aerospace and Defense | |
| Energy and Power | |
| Oil and Gas | |
| Food and Beverage | |
| Others |
| By Country | |
| China | |
| Japan | |
| India | |
| Others |
APAC Wireless Sensors Market Research FAQs
What is the current APAC Wireless Sensors Market size?
The APAC Wireless Sensors Market is projected to register a CAGR of 25.29% during the forecast period (2024-2029)
Who are the key players in APAC Wireless Sensors Market?
ABB Ltd., Rockwell Automation, Emerson Electric Co., STMicroelectronics and Texas Instruments are the major companies operating in the APAC Wireless Sensors Market.
What years does this APAC Wireless Sensors Market cover?
The report covers the APAC Wireless Sensors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the APAC Wireless Sensors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
APAC Wireless Sensors Industry Report
Statistics for the 2024 APAC Wireless Sensors market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. APAC Wireless Sensors analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
