The e-magazine for KNX home & building control

BCC Research Forecasts Global Market For Wireless Sensors To Reach US$4.3 Billion In 2019

Home automation category is the largest segment of the overall market

BCC Research reveals in its new report, WIRELESS SENSORS: TECHNOLOGIES AND GLOBAL MARKETS, the global wireless sensor devices market is expected to grow to $4.3 billion by 2019, with a five-year compound annual growth rate (CAGR) of 23.7%. The industrial installations category, the fastest-growing segment of the overall market, is anticipated to surge at a tremendous CAGR of 34.1%.

Wireless data monitoring and transmission of indicators such as temperature, pressure, level, and flow have become critical to a wide range of industries, including industrial installations, energy, agricultural, environmental, logistics and transport, medicine, and home automation.

The home automation category is the largest segment of the overall market and is forecasted to reach $1.6 billion by 2019, registering a healthy 20.1% CAGR. This dominance is attributed to the range of applications available within the home and other indoor settings, including frozen pipe detection, leakage detection, light sufficiency detection, power consumption monitoring, and structure monitoring.

Meanwhile, the industrial installations segment, which was valued at just $81 million in 2013, is expected to jump to $472 million in 2019. This growth will be driven by a relative increase in adoption rates of wireless sensors, which are expected to ramp up considerably over the next few years.

“Home automation and other indoor applications will continue to be the largest contributor to the wireless sensor market,” says BCC Research instrumentation and sensors analyst Shalini Ramamurthy. “However, its influence will be mitigated to a considerable extent as the industrial installation segment continues to scale up its adoption of the technology.”
That said, the medicine category, the second largest segment of the market, is expected to grow to $498 million in 2019 and register a significant 26.1% CAGR, while the defense and surveillance segment is anticipated to reach $204 million at the same rate.

WIRELESS SENSORS: TECHNOLOGIES AND GLOBAL MARKETS provides an overview of the global market for wireless devices and related technologies. It includes analyses of global market trends, with data from 2012 and 2013, estimates for 2014, and projections of CAGRs through 2019.

www.bccresearch.com

Share on facebook
Share
Share on twitter
Tweet
Share on linkedin
Share

SPONSORS

Products of the month

KNX Switch Actuators Upgrade


KNX Switch Actuators Upgrade
The new ABB ETS App Version 1.1 has a pack of new features empowering the switch actuator range further ...

thePixa Optical Presence Detector


thePixa Optical Presence Detector
Theben's thePixa KNX optical presence detector detects how many people are in a room and where exactly they are ...

Conventional becomes smart


Conventional becomes smart
No dirt, no noise, no bus line – the classic electrical installation is sufficient: the new JUNG KNX RF push-buttons ...

AVE’s KNX room controller


AVE’s KNX room controller
Ideal for home and hotel, AVE Room Controller is a high-design solution with OLED display and touch controls, which ...