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 â€“ 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.