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August 29, 2011

Wireless Sensor Networks to Grow to $2B in 2021: Report

By Erin Harrison, Executive Editor, Strategic Initiatives

Based on the rapid growth of wireless sensor networks in sectors such as military and hospitals, the WSN market is expected to grow from half a billion dollars in 2011 to $2 billion in 2021, according to the latest industry research.



IDTechEx’s research in the new report “Wireless Sensor Networks 2011-2021” shows the US “dominates” the development and use of WSN partly because of the heavier funding available.

“The US industry sits astride the computer industry thanks to companies such as Microsoft (News - Alert) and IBM and WSN is regarded as a next wave of computing, so US industry is particularly interested to participate,” according to a statement released by IDTechEx.

The researcher also said the US military’s “deep interest” in WSN is also pushing the industry ahead at a faster pace in the US.

“Add to that the fact that the US military, deeply interested in WSN, spends more than all other military forces combined and creating and funding start-ups is particularly easy in the USA and you can see why the US is ahead at present,” the statement continued.

IDTechEx’s figures refer to WSN defined as wireless mesh networks, i.e. self-healing and self-organizing. IDTechEx has profiled the main players in WSN, which puts Korea and Japan as the second and third-largest growing markets respectively.

“Wireless sensor networks will eventually enable the automatic monitoring of forest fires, avalanches, hurricanes, failure of country wide utility equipment, traffic, hospitals and much more over wide areas, something previously impossible,” IDTechEx said. “It has started already with more humble killer applications such as automating meter readings in buildings, and manufacture and process control automation.”

Some segments of the market are in greater demand. For example, the market for non-mesh wireless sensor systems is far larger and some proposed standards apply to both. The market for Real Time Locating Systems is $0.38 billion in 2011 rising to $1.6 billion in 2021, IDTechEx said.

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Erin Harrison is Executive Editor, Strategic Initiatives, for TMC, where she oversees the company's strategic editorial initiatives, including the launch of several new print and online initiatives. She plays an active role in the print publications and TMCnet, covering IP communications, information technology and other related topics. To read more of Erin's articles, please visit her columnist page.

Edited by Jennifer Russell
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