How Are Smart Cities Boosting Wireless Sensor Network Market Growth?

The sensor type segment of the wireless sensor network market includes temperature, pressure, level, flow, humidity, image, chemical and gas, motion and position, and others. Among these, the image category is expected to witness the fastest growth during the forecast period, owing to the growing need for monitoring industrial activities.

Moreover, the escalating security concerns in the banking, financial services, and insurance (BFSI), aerospace and defense, automotive, industrial, retail, and healthcare sectors, on account of the accelerating crime rate and rising terrorist activities, will also support the growth of this category in the future.

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Categories under the application segment of the wireless sensor network market include home automation, building automation, highway monitoring, nanoscopic sensing, civil and environmental engineering, habitat monitoring, wildlife instrumentation, and others. Under this segment, the building automation category holds the largest market share.

This is because of the rapid replacement of basic wired building automation systems with wireless variants. The wireless sensor networks are being increasingly adopted in buildings with complex structures. Moreover, the presence of advanced healthcare facilities in North America will also facilitate the market growth in the region.

Such networks are highly compatible with frequently changing building configurations. According to P&S Intelligence, the North American region accounted for the largest share in the wireless sensor network market in 2019, due to the rapid technological innovations, development of smart cities, and high adoption rate of factory and building automation systems in this region.

Additionally, the growing penetration of wearable devices will also boost the demand for such networks in the region in the coming years. Thus, the increasing number of smart cities across the world will augment the demand for wireless sensor networks in the foreseeable future.

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