Industrial Wireless Sensor Network Market Share, Size, Analysis and Forecasts 2016-2020

Industrial Wireless Sensor Network Market Analysis, Share and Size,
Emerging Trends, Overview and Outlook, Growth And Segment
Forecasts To 2020
Technavio Announces the Publication of its Research Report Global Industrial Wireless Sensor Network
(IWSN) Market 2016-2020
Technavio recognizes the following companies as the key players in the global industrial wireless sensor
network (IWSN) market: Honeywell Process Solutions, Linear Technology, NXP Semiconductors, Texas
Instruments, ABB, Schneider Electric, Siemens, STMicroelectronics, and Yokogawa Electric.
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Commenting on the report, an analyst from Technavio’ s team said: “Adoption of wearable devices in
industries will be a key trend for market growth. With the increasing penetration of wearable devices in
the commercial market, wearable devices are also becoming increasingly popular for industrial usage
due to their numerous benefits. By using wearable devices, industries can minimize process timelines
and achieve operational efficiency and hence, these devices are being increasingly adopted by
organizations. For instance, in 2015, Airbus implemented wearable devices in the aerospace and
defense industries in collaboration with Accenture. The wearable device helps reduce the complexities
associated with the assembly of cabin seats in the aircraft and minimizes the time involved in the
completion of the task.”
According to the report, one of the key drivers for market growth will be increase in demand for wireless
sensors in oil and gas industry. The widespread economic development has led to a significant growth in
economies across the globe, especially in the developing countries. With the growth of the economy,
demand for energy and power is constantly increasing, which has resulted in a rise in demand for oil and
gas globally. The consumption of oil and gas increased from 90.5 million barrels per day in 2012 to 93.8
million barrels per day in 2015, and we expect the same to exceed 100 million barrels per day by 2020.
Further, the report states that lack of technological standardization will be a challenge for the market.
IWSN applications are based on a number of different technological standards such as Bluetooth, Wi-Fi,
ZigBee, WirelessHART, and EnOcean. Different industries use different standards for wireless
communication through sensors and there is no particular standard specification that is suitable for
wireless sensors across industries worldwide. This lack of technological standardization leads to
confinement in the scope of expansion. For instance, if an industry or an organization uses ZigBee
standard for their IWSN applications, it has to ensure that in the case of expansion or incorporation of
new IWSNs, the new sensors are ZigBee-compliant. This confines the scope of expansion for industries,
as they have to maintain the compatibility with the existing standards and generates an indispensable
need for the development of technological standardization.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
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About WSN
A wireless sensor network (WSN) comprises a number of sensors placed at strategic locations within the
vicinity of a particular environment. These sensors gather data about particular areas that are within
their range and then transmit this information to a central station. The central station receives
information from all the sensors and then collates and analyzes the data about a particular
environment. Some key data that a sensor can provide include temperature, pressure, and decibel level
conditions. WSNs were initially used for military applications for the purpose of surveillance in a
battlefield area. Today, WSNs are used across a wide range of verticals. Some of these verticals are
illustrated in the exhibit below.
Technavio’ s analysts forecast the global industrial wireless sensor network (IWSN) market to grow at a
CAGR of 14.95% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial wireless sensor
network (IWSN) market for 2016-2020. To calculate the market size, the report considers revenue
generated from the implementation of wireless sensor networks in industrial facilities throughout
industries and geographies.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
ROW
Technavio's report, Global Industrial Wireless Sensor Network (IWSN) Market 2016-2020, has been
prepared based on an in-depth market analysis with inputs from industry experts. The report covers the
market landscape and its growth prospects over the coming years. The report also includes a discussion
of the key vendors operating in this market.
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Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
info@marketreportscenter.com

According to the report, one of the key drivers for market growth will be increase in demand for wireless sensors in oil and gas industry