TMCnet News

Research and Markets: Global Wireless Sensors Market 2015-2019 - Key Vendors are ABB, Emerson Electric, General Electric, Honeywell International, Siemens & Yokogawa Electric

[November 12, 2015]

Research and Markets: Global Wireless Sensors Market 2015-2019 - Key Vendors are ABB, Emerson Electric, General Electric, Honeywell International, Siemens & Yokogawa Electric

Research and Markets (http://www.researchandmarkets.com/research/nr3mb4/global_wireless) has announced the addition of the "Global Wireless Sensors Market 2015-2019" report to their offering.

The global wireless sensors market to grow at a CAGR of 20.58% in terms of revenue over the period 2014-2019.

The report covers the present scenario and the growth prospects of the global wireless sensors market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of wireless sensors. The application software that helps in the functioning of a wireless sensor is not taken into consideration while determining the market size. The report focuses on the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. Also, this report presents the growth factors driving this market, the challenges faced by the vendors, and the trends influencing this market that will stimulate growth during the forecast period.

The industry is witnessing high investments toward R&D in order to innovate and improve the use of this technology. Another important trend is the use of energy-harvesting devices for powering wireless sensors. This is expected to conserve large amounts of energy and provide return oninvestment. Overall, the global wireless sensors market is likely to grow at a healthy rate during the forecast period.

According to the report, the market is expected to be driven by a number of factors that will help the market to grow during the forecast period. These factors include the rapid adoption rate of smart devices. These smart devices assist in easy network setup using technologies such as Bluetooth and Wi-Fi support, thus eliminating the need for setting up additional gateways or bridges.

Further, the report states that the poor interoperability of sensors is expected to affect the market as most device manufacturers use different communication protocols and software. This results in compatibility issues among these devices.

Key vendors