Global Wireless Sensors Market to Reach $15.2 Billion by 2027
SAN FRANCISCO, May 6, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Wireless Sensors - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 16; Released: May 2021 Executive Engagements: 4501
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Abstract-Global Wireless Sensors Market to Reach $15.2 Billion by 2027
Amid the COVID-19 crisis, the global market for Wireless Sensors estimated at US$5.4 Billion in the year 2020, is projected to reach a revised size of US$15.2 Billion by 2027, rowing at a CAGR of 15.9% over the analysis period 2020-2027. Bluetooth, one of the segments analyzed in the report, is projected to record a 18.9% CAGR and reach US$5.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the WiFi & WLAN segment is readjusted to a revised 13.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 21% CAGR
The Wireless Sensors market in the U.S. is estimated at US$1.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.5 Billion by the year 2027 trailing a CAGR of 20.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.9% and 14.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.8% CAGR.
Zigbee Segment to Record 14.8% CAGR
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world's only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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