Wireless Sensor Tags Market Size & Share, by Type (Active Tags, Passive Tags); Application (Automotive, Consumer Electronics, Industrial, Aerospace & Defense, Medical) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 5061
  • Published Date: Jun 22, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Wireless Sensor Tags Market size is slated to reach USD 19 billion by the end of 2035, witnessing around 14% CAGR during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of wireless sensor tags was USD 5 billion. This growth of the market could be encouraged by the growing adoption of smartphones. Currently, in 2023, there are about 5 billion smartphone users. This means that approximately 85% of the population globally uses smartphones. Hence, the demand for wireless sensor tags is anticipated to expand. Motion, open or close events, temperature, humidity, soil moisture, and water leaks are all monitored and recorded using wireless sensor tags. Therefore, smartphones connect the user to the events in the physical world including, temperature, humidity, and motion.

Additionally, the surge in government initiatives for smart cities is also anticipated to boost the wireless sensor tags market demand. The main initiative of the government is reducing the energy consumed by buildings, hence further promoting smart buildings and homes. There are several methods, including smart design and intelligent technologies, to drastically cut energy use in buildings. Buildings absorb a significant amount of the generated electricity, especially since it has become simple to purchase inexpensive electrical appliances or other electronic equipment such as computers, and more. Heat, ventilation, and air conditioning (HVAC) equipment in particular are the main causes of rising consumption. Therefore, sensing is essential in buildings so that the proper actions to cut consumption may be taken. Hence, the demand for wireless sensor tags is on the rise.


Wireless Sensor Tags Market
Get more information on this report: Request Free Sample PDF

Wireless Sensor Tags Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Demand for Automotive In 2022, there were about 66 million cars sold globally, up from roughly 65 million in 2021. Modern automotive electronics include automotive car sensors since they offer the vehicle's control systems vital data. The efficiency of the car is measured and monitored by these sensors, which also track important characteristics including pressure, temperature, and speed.
  • Rise in the Use of Wireless Sensor Tags for Security There are sensors on doorways in stores that send and receive a weak magnetic field. Vibration takes place when an active anti-theft tag - one that has not been demagnetized - enters this area, and the sensor would detect the variations in the magnetic waves and trigger an alarm.
  • Surge in the Importance of Water One of the most essential supplies in metropolitan settings is water, along with power. Distribution of water needs to be efficient and controlled, from providing home consumers to public facilities including public parks. In essence, these distribution systems lack intelligence. For instance, it may be challenging to assess the system in enough to identify a distribution pipe leak, particularly if the leak is not immediately visible (as in the case of underground pipes). A more trustworthy fault detection system has been made possible by advanced sensors. Hence, the wireless sensor tags market revenue is estimated to surge.

Challenges

  • Growing Security Issues - Security risks including hacking or unauthorized access might affect WSNs. This is particularly troublesome since it could lead to sensitive data leaking into unauthorized hands when it is transmitted or stored over the network. Hence, the adoption of sensor tags is also anticipated to hinder.
  • High Cost of Wireless Sensor Tags
  • Inefficient in Remote Areas

Wireless Sensor Tags Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~14%

Base Year Market Size (2022)

~ USD 5 Billion

Forecast Year Market Size (2035)

~ USD 19 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Wireless Sensor Tags Market Segmentation

Application (Automotive, Consumer Electronics, Industrial, Aerospace & Defense, Medical)

Wireless sensor tags market from the medical segment is expected to generate the highest revenue by the end of 2035. The use of sensor technology in healthcare is becoming more prevalent in recent years with the introduction of broad digitization and the conversion of medical facilities to digital platforms for several purposes. For instance, sensors are currently utilized to detect patient movement and check vital signs. Life-sustaining implants and other medical devices are made smarter and are better able to track the patient's condition in real time owing to sensor technology. Hence, the adoption of wireless sensor tags in this sector is growing.

Type (Active Tags, Passive Tags)

The active tags segment in the wireless sensor tags market is poised to have significant growth over the forecast period. Even though they are much more expensive the adoption rate of these tags is the highest since it offers a much longer read range. In addition to shipping and logistics, active tags are frequently used in the automotive industry, manufacturing, health and medical, building and construction, mineral extraction, remote monitoring, and IT asset management.

Our in-depth analysis of the global wireless sensor tags market includes the following segments:

  Type

  • Active Tags
  • Passive Tags

  Application

  • Automotive
  • Consumer Electronics
  • Industrial
  • Aerospace & Defense
  • Medical

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Wireless Sensor Tags Industry- Regional Synopsis

North American Market Forecast

The North America wireless sensor tags market is set to generate the largest revenue by the end of 2035, backed by a growing focus on energy conservation. About 98 quadrillion British thermal units (Btu) or 16% of the world's total primary energy consumption of 604 quadrillion Btu were consumed in the United States in 2021. Hence, the demand for wireless sensor tags is growing in this region since it is necessary to minimize the impact on the environment. Also, there has been growing water pollution in this region. Hence to keep track of the pollution being spread in water the demand for wireless sensors is growing. Furthermore, the growing investment in IoT technology has expanded, influencing the growth in market revenue in this region.

APAC Market Analysis

The Asia Pacific wireless sensor tags market is projected to have significant growth over the forecast period. It is expanding more quickly than the other regions owing to the existence of developing nations such as China and India, which have enormous economic potential. Moreover, there has been a surge in electric vehicles in this region which has further opened various opportunities for the growth of the market in this region. Additionally, the Asia Pacific region is a significant customer of wireless sensors owing to favorable government policies supporting passenger safety, industrial automation, environmental monitoring, and more.

Research Nester
Wireless Sensor Tags Market Share
Get more information on this report: Request Free Sample PDF

Companies Dominating the Wireless Sensor Tags Landscape

top-features-companies
    • Texas Instruments Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • STMicroelectronics
    • Emerson Electric Co.
    • Honeywell International Inc.
    • Siemens AG
    • Schneider Electric
    • General Electric
    • NXP Semiconductors
    • Rockwell Automation
    • TE Connectivity Ltd.

In-the-news

In The News

  • A new accelerometer from Honeywell International, Inc. was announced; it is compact, tough, and reasonably priced while offering outstanding performance and durability. The MV60 micro-electro-mechanical system (MEMS) accelerometer is designed for aerospace and defense but also has potential usage for industrial and maritime applications that need high-precision, navigation-grade accelerometers that are tiny, lightweight, and require little power to function.
  • For the manufacturing sector to complete its digital transition, Siemens AG has announced the release of private industrial 5G user equipment. A variety of customer segments that rely on reliable communication infrastructure, such as intralogistics, autonomous machines, industrial edge, remote diagnostics, augmented reality, assisted work, wireless backhaul, edge computing, and mobile equipment, may derive long-term benefits from the applications on industrial 5G.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5061
  • Published Date: Jun 22, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factor driving the growth of the market is the growing demand for automobiles, the rise in the use of wireless sensor tag for security, and the surge in the importance of water.

The market size of wireless sensor tags is anticipated to attain a CAGR of ~14% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Texas Instruments Inc., STMicroelectronics, Emerson Electric Co., Honeywell International Inc., and more.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, application, and by region.

The active tags segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

Growing security issues, the high cost of wireless sensor tags, and inefficiency in remote areas are estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Wireless Sensor Tags Market Report Scope
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying