Eye Tracking Market Anticipated to Cross $1.75 Billion by 2025

San Francisco, 24 May 2019 – “Eye Tracking Market Size, Share & Trends Analysis Report By Type (Eye Attached, Optical, Electrooculography), By Component, By Location, By Application (Healthcare, Retail, Research, Automotive), And Segment Forecasts, [2018 – 2025]

The global eye tracking market size is expected to reach USD 1.75 billion by 2025, according to a new report by Grand View Research, Inc., registering a 26.3% CAGR during the forecast period. Vision capturing systems are used to determine duration and exact location of a user’s visual attention.

These systems include recording pupil movement, determining fixation point and duration, processing data and images, and filtering relevant data using software algorithms. The filtered data can be analyzed and used for various applications in automotive, consumer electronics, healthcare, and retail industries.

Eye movement detection is one of the most important features being integrated into VR headsets. In July 2016, Fove, Inc. launched its eye-tracking VR headset capable of directly integrating eye-tracking sensors into the headset in order to monitor a user’s gaze. In future, vision tracing is anticipated to enable foveated rendering, a technology that devotes most of the computer’s graphics to what the user is viewing while keeping other content at low quality.

Vision tracking technology finds application in the healthcare and biomedical sectors. For instance, vision capturing sensors aid in detecting head trauma. However, in recent years, sight tracing is increasingly being used in automotive and consumer electronics applications as well.

Eye-tracking-market

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Further key findings from the report suggest:

  • By type, the optical tracking segment is expected to witness a CAGR of over 24.0% during the forecast period and account for the largest revenue share by 2025. Eye attached tracking was the second largest segment in 2017
  • On the basis of application, the healthcare segment is projected to account for around 24% of the total revenue generated by 2025
  • The North American region accounted for the largest revenue share in 2017 and is anticipated to continue dominating the market over the forecast period
  • The key players in the eye tracking market include Tobii AB, Seeing Machines, and SR Research Ltd.

View more reports of this category by Grand View Research at
www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the global eye tracking market on the basis of type, component, location, application, and region.

Eye Tracking Type Outlook (Revenue, USD Million, 2014 – 2025)

  • Eye Attached Tracking
  • Optical Tracking
  • Electrooculography

Eye Tracking Component Outlook (Revenue, USD Million, 2014 – 2025)

  • Hardware
  • Software

Eye Tracking Location Outlook (Revenue, USD Million, 2014 – 2025)

  • Remote
  • Mobile

Eye Tracking Application Outlook (Revenue, USD Million, 2014 – 2025)

  • Healthcare
  • Retail
  • Research
  • Automotive
  • Consumer Electronics
  • Others

Eye Tracking Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa

Browse Press Release of this Report:
www.grandviewresearch.com/press-release/global-eye-tracking-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Automotive Connectors Market Valuation to Excel USD 28.25 Billion by 2025

San Francisco, 24 May 2019 – “Automotive Connectors Market Size, Share & Trends Analysis Report By Product, By Connectivity, By Application, By Vehicle Type (Passenger Car, Commercial Vehicle), And Segment Forecasts, [2018 – 2025]

The global automotive connectors market size is anticipated to reach USD 28.25 billion by 2025 at a CAGR of 7.4% during the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for connectivity, convenience, and safety features in vehicles is anticipated to boost market growth. Moreover, growing demand for plug-in hybrid as well as electric vehicles is expected to stimulate market growth over the forecast period.

By product, the other connectors segment emerged as dominant in the automotive connectors market with an estimated share of over 74.0% in 2017. The segment includes a wide variety of connector products such as heavy-duty, terminal blocks, power/high voltage, and application-specific connectors. Rising vehicle electrification owing to stringent emission norms has led to higher penetration of electronic content per vehicle. The automotive industry is undergoing a transition phase, with the introduction of driverless cars. Development of autonomous vehicles has boosted research and development initiatives. Furthermore, growing demand for vehicular communication is expected to proliferate the market.

Wire to wire is the most significant connectivity type for automotive connectors, owing to increasing vehicle electrification. Usage of wires and cables in automotive electronics has grown steadily over the last decade, owing to introduction of new features and rise in vehicle sales. The wire to wire connectors segment is expected grow over the forecast period with rising implementation of convenience systems such as start-stop system, power steering, and park assist.

The commercial vehicle segment is likely to register a CAGR of 8.1% from 2018 to 2025. Growth can be attributed to increasing penetration of Advanced Driver Assistant Systems (ADAS) features in commercial vehicles. For instance, the European Union has made the inclusion of ADAS features such as lane departure warning signal and autonomous breaking mandatory in heavy commercial vehicles by 2020.

Navigation is anticipated to emerge as the largest application segment for automotive connectors. Segment growth can be attributed to rise in adoption of advanced infotainment devices in vehicles as they offer user-friendly and accurate navigational and other entertainment features. The safety and security application segment is expected to account for share of over 26.0% by 2025.

Automotive-connectors-market

To request a sample copy or view summary of this report, click the link below:
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Further key findings from the report suggest:

  • The global automotive connectors market was valued at USD 15.58 billion in 2017 and is expected to exhibit a CAGR of 7.4% from 2018 to 2025
  • Fiber optic connectors emerged as the fastest growing product segment, expanding at a CAGR of 10.6% over the forecast period
  • The wire to board connector segment is expected to register a CAGR of 6.3% through 2025
  • Asia Pacific is anticipated to emerge as the most promising market for automotive connectors by 2025, owing to increasing vehicle electrification in the region
  • Key players such as YAZAKI Corporation, TE Connectivity, Sumitomo Corporation, and Delphi Technologies dominated the global automotive connectors market while accounting for the majority revenue share in 2017.

View more reports of this category by Grand View Research at
www.grandviewresearch.com/industry/automotive-and-transportation

Grand View Research has segmented the global automotive connectors market on the basis of product, connectivity, vehicle type, application, and region:

Automotive Connectors Product Outlook (Revenue, USD Million, 2015 – 2025)

  • PCB
  • IC
  • RF
  • Fiber Optic
  • Other

Automotive Connectors Connectivity Outlook (Revenue, USD Million, 2015 – 2025)

  • Wire to Wire
  • Wire to Board
  • Others

Automotive Connectors Vehicle Type Outlook (Revenue, USD Million, 2015 – 2025)

  • Passenger Car
  • Commercial Vehicle

Automotive Connectors Application Outlook (Revenue, USD Million, 2015 – 2025)

  • CCE
  • Powertrain
  • Safety & Security
  • Body Wiring & Power Distribution
  • Navigation & Instrumentation

Automotive Connectors Regional Outlook (Revenue, USD Million, 2015 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Sweden
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Kingdom of Saudi Arabia
    • United Arab Emirates

Browse Press Release of this Report:
www.grandviewresearch.com/press-release/global-automotive-connectors-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Magneto Resistive RAM (MRAM) Market Anticipated to Achieve Profitable Growth by 2025

San Francisco, 22 May 2019 – “Magneto Resistive RAM (MRAM) Market Analysis By Type (Toggle, Spin-Transfer Torque), By Application (Consumer Electronics, Robotics, Automotive, Enterprise Storage, Aerospace), By Region, And Segment Forecasts, [2018 – 2025]

The global magneto resistive RAM (MRAM) market is expected to reach USD 4.80 billion by 2025, according to a new study by Grand View Research, Inc. Non-volatile memories, such as MRAM and Resistive random Access Memory (RRAM/ReRAM), are expected to replace the existing volatile memories such as Dynamic Random Access Memory (DRAM) and Static Random-Access Memory (static RAM or SRAM). The replacement would be possible due to different benefits offered by the advance non-volatile memories. The existing flash memories are facing technological limits; and their further advancements are expected to increase their costs, thus, leading to the invention of non-volatile memories that are capable of avoiding data loss on power discharge.

The standalone markets, such as wearables, embedded Multipoint Control Unit (MCU)s, smart cards, and storage class memories for enterprise storage, are expected to offer immense opportunities to the market.

asia-pacific-magneto-resistive-ram-market

The first generation MRAM and second generation Spin-Transfer Torque MRAM (STT-MRAM) are expected to replace traditional DRAMs and SRAMs. Initially, the prices associated with these memories are expected to be high, which would reduce with the increasing rates of developments.

Moreover, the increasing demand of these memories is predicted to promote the demand for equipment, used in their manufacturing. The manufacturing of these memories require specialized fabrication equipment, similar to those used in magnetic read sensors. Thus, promoting the growth of capital equipment required for manufacturing of non-volatile memories equipment.

The market may face challenges due to its complex structure and high costs of manufacturing of memories. However, these challenges can be circumvented by technological advancements and increased production.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/magneto-resistive-ram-random-access-memory-mram-market

Further key findings from the study suggest:

  • The North American region dominated the market, accounting for more than 36% of the total market revenue, owing to the presence of leading players and growing R&D activities
  • STT-MRAM is expected to maintain market dominance due to its wide application, higher performance, thermal stability, and greater compatibility
  • The Asia Pacific region is predicted to emerge as the fastest-growing market due to the increased penetration of cloud computing and improvements in the present infrastructures of data centers, in developing nations
  • Strategic partnerships accompanied, by the increasing innovation and research & development activities, are being observed in the industry
  • The prominent vendors operating in the market include Avalanche Technology, Inc., Everspin Technologies, Inc., Spin Transfer Technologies, Toshiba Corporation, and Crocus Nano Electronics LLC

View more reports of this category by Grand View Research at
www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the global Magneto Resistive RAM (MRAM) market based on type, application, and region:

MRAM Type Outlook (Revenue, USD Million; 2014- 2025)

  • Toggle MRAM
  • Spin-Transfer Torque MRAM (STT-MRAM)

MRAM Application Outlook (Revenue, USD Million; 2014 – 2025)

  • Consumer Electronics
  • Robotics
  • Automotive
  • Enterprise Storage
  • Aerospace & Defense
  • Others

MRAM Regional Outlook (Revenue, USD Million; 2014 – 2025)

  • North America
  • Europe
    • Russia
  • Asia Pacific
  • RoW

Browse Press Release of this Report:
www.grandviewresearch.com/press-release/global-magneto-resistive-ram-random-access-memory-mram-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Bluetooth Beacons Market Is Anticipated to Witness Higher Demands Till 2025 | CAGR: 95.3%

San Francisco, 22 May 2019 – “Bluetooth Beacons Market Analysis By Technology (iBeacon, Eddystone), By End-use (Retail, Travel & Tourism, Healthcare, Financial Institutions), By Region, And Segment Forecasts, [2018 – 2025]

The global bluetooth beacon market size is expected to reach USD 58.7 billion by 2025, according to a new report by Grand View Research, Inc. The introduction of next-generation software-based and virtual beacons are expected to boost the market demand.

The key factor driving the industry growth is the increased number of applications powered by beacons and Bluetooth Low Energy (BLE) tags. Beacons are witnessing growing penetration across asset tracking and machine/equipment status observation in high volume verticals. At the same time, the markets for both existing and new applications are maturing, leading to larger roll-outs.

Growing integration of beacons in cameras, LED lightings, point of sale (POS) devices, digital signage, and vending machines is expected to propel the industry growth over the forecast period. Apart from retail applications, beacons are also projected to become a common commodity in industrial applications.

us-bluetooth-beacons-market

Industries are increasingly shifting toward the incorporation of Bluetooth-powered solutions from conventional proximity solutions including Wi-Fi and RFID. Assets based on Wi-Fi, RFID, and people flow tracking systems have currently captured a significant revenue share in the healthcare and intra-logistics sectors. The relatively lower price point of Bluetooth-based solutions is playing a pivotal role in their large-scale adoption in various domains such as indoor navigation, worker security, elderly care, and affordable asset tracking.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/bluetooth-beacons-market

Further key findings from the report suggest:

  • Bluetooth beacon are poised for large-scale adoption throughout the forecast period, with a projected CAGR of 95.3% from 2017 to 2025
  • The Eddystone segment is expected to witness the fastest growth due to its open format and the ability to offer a broad range of solutions for proximity interactions without the need for native apps
  • The healthcare segment is anticipated to grow at an enormous rate over the forecast period with an estimated CAGR of over 100% from 2017 to 2025, as there has been an increased need for streamlining hospital operations to provide customized services as per the patients’ history
  • Leiden University Medical Center uses the iBeacon technology along with Internet of Things (IoT) platform to treat patients with Acute Myocardial Infarction (AMI)
  • The Asia Pacific Bluetooth beacons market is expected to witness appreciable growth which is attributed to the high potential applicability of beacons in the retail sector
  • Key industry players include Estimote, Inc.; Kontakt.io; Accent Advanced Systems, SLU; Onyx Beacon Ltd.; and Bluvision Inc.

View more reports of this category by Grand View Research at
www.grandviewresearch.com/industry/communication-services

Grand View Research has segmented the Bluetooth beacons market based on technology, end use, and regions:

Bluetooth Beacon Technology Outlook (Revenue, USD Million; 2014 – 2025)

  • iBeacon
  • Eddystone
  • Others

Bluetooth Beacon End-Use Outlook (Revenue, USD Million; 2014 – 2025)

  • Retail
  • Travel & tourism
  • Healthcare
  • Financial institutions
  • Others

Bluetooth Beacons Regional Outlook (Volume, Million Units; Revenue, USD Million; 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa

Browse Press Release of this Report:
www.grandviewresearch.com/press-release/global-bluetooth-beacons-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Fog Computing Market Is Forecast to Reach Beyond $617.3 Million by 2025 | CAGR: 61.3%

San Francisco, 22 May 2019 – “Fog Computing Market Analysis By Solution, By Hardware (Gateways, Routers & Switches, Sensors), By Application (Connected Vehicles, Smart Grids, Smart Cities, Connected Healthcare), By Region, & Segment Forecasts, [2018 – 2025]

The global fog computing market is expected to reach USD 617.3 million by 2025, according to a new report by Grand View Research, Inc. The increasing demand from end-use industries is expected to propel the industry growth. Fog computing is an advancement in Internet of Things (IoT) that has shifted data processing out of the cloud into devices. With the growing number of IoT deployments, the amount of data is multiplying, thereby giving rise to several challenges involved in uploading and processing this data. This has led to the emergence of fog computing to store and process the vast amount of data within a short time frame. Organizations are involved in developing effective solutions to cater to the needs of end-use industries. For implementing the fog computing technology, it is necessary for organizations to have a robust network performance management capability.

The growth in the machine-to-machine communication has opened growth opportunities for organizations to transition to fog computing to achieve faster decision-making capabilities and reduce the operating costs through its real-time tracking and analyzing abilities. Moreover, the technology supports interface and resource heterogeneity along with the distributed data analytics to address the requirements of widely distributed low latency applications. However, the fragmented technology standards and rising interoperability issues are limiting the industry growth.

us-fog-computing-market

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/fog-computing-market

Further key findings from the report suggest:

  • The software segment is expected to witness the fastest growth as software vendors are tapping the opportunities generated by fog computing at several application and platform layers
  • The routers & switches segment is expected to account for a revenue share of over 30% by 2025; this growth can be attributed to the need for collecting the excessive amount of data from different applications
  • The smart manufacturing segment is expected to grow at a CAGR of over 60% as fog computing helps the manufacturing companies in making better decisions with real-time data to reduce the operational costs.
  • The smart grids segment is expected to account for over 20% of the market share by 2025; the need for remote monitoring to reduce disruption in operations is expected to drive demand
  • The North American fog computing market is expected to grow at the highest rate over the forecast period, with increased adoption of IoT in the manufacturing and healthcare industries driving the regional growth
  • The key industry players include PrismTech, Cisco Systems, Inc., FogHorn Systems, and Nebbiolo Technologies

View more reports of this category by Grand View Research at
www.grandviewresearch.com/industry/communications-infrastructure-systems-and-software

Grand View Research has segmented the fog computing market based on solution, hardware, application, and region:

fog computing Solution Outlook (Revenue, USD Thousand; 2016 – 2025)

  • Hardware
  • Software

fog computing Hardware Outlook (Revenue, USD Thousand; 2016 – 2025)

  • Gateways
  • Routers & switches
  • IP video cameras
  • Sensors
  • Micro data center

fog computing Application Outlook (Revenue, USD Thousand; 2016 – 2025)

  • Connected vehicles
  • Smart grids
  • Smart cities
  • Connected healthcare
  • Smart manufacturing

fog computing Regional Outlook (Revenue, USD Thousand; 2016 – 2025)

  • North America
    • U.S.
    • Canada
  • EMEA
    • Germany
    • UK
    • MEA
  • Asia Pacific
    • China
    • Japan
  • Latin America
    • Brazil
    • Mexico

Browse Press Release of this Report:
www.grandviewresearch.com/press-release/global-fog-computing-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Cellular IoT Market Estimated to Cross $9.65 Billion by 2025 | CAGR: 21.4%

San Francisco, 22 May 2019 – “Cellular IoT Market Analysis By Component (Hardware, Software), By Type (2G, 3G, 4G, LTE-M, NB-LTE-M, NB-IoT, 5G), By End-use, By Region, And Segment Forecasts, [2018 – 2025]

The global cellular IoT market is expected to reach USD 9.65 billion by 2025, according to a new study by Grand View Research, Inc. The hype around Internet of Things (IoT) and its tremendous potential to revolutionize machine-to-machine and machine-to-human communications has reached its peak, owing to which numerous technology vendors are prodding different variants of emerging technologies to capitalize on this opportunity. With increased pervasiveness of cellular connectivity and the ready availability of its extensive networks, mobile broadband is anticipated to gain unprecedented significance in IoT.

An important aspect of the growth of cellular IoT is its ability to leverage mobility and range as compared to other IoT access methods, which can be the major differentiating factor over its contemporary service delivery techniques. In addition, cellular networks operate on the existing network infrastructure and offer reliable and quality services with assured security, which would play a vital role in their adoption in both industrial and consumer applications.

Cellular IoT Market

While cellular IoT primarily operates on the LTE technology, the emergence of other Low Power Wide Area Networks (LPWAN), such as LoRA and SigFox, and comparatively higher costs of cellular modules may hinder the market growth in the next couple of years. The role played by emerging technologies such as NarrowBand-IoT and NarrowBand-LTE-M will be instrumental in the hustle for gaining M2M market share. These technologies are specifically designed for IoT applications and are on the verge of commercialization with numerous pilot projects being launched in different parts of the world.

Cellular IoT offers numerous advantages such as broader coverage, deep indoor penetration, and smaller module size, owing to which it is largely preferred in high-density deployments. This is also expected to aid in the increased adoption of the technology over the next decade. Furthermore, cellular technologies, especially LTE, are supported and backed by a consortium of established industry players and various organizations such as 3rd Generation Partnership Project (3GPP) and Global System for Mobile Association (GSMA), which is expected to boost the market growth in the coming years.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/cellular-iot-market

Further key findings from the study suggest:

  • North America is expected to maintain its dominant position in the global market owing to a greater penetration of next-generation LTE technologies, especially in the U.S.
  • 2G holds the largest market share in terms of revenue generated; however, it is expected to gradually lose its share to emerging technologies, such as 4G, LTE-M, and NB-IoT. An interesting factor about the competing technologies, is the way in which these technologies operate in relation to each other (LTE-M vs NB-LTE-M vs NB-IoT) and whether they act as complementary or rival technologies in IoT
  • Standard bodies, including 3GPP, are actively promoting the usage of cellular IoT technology and network transformation in broadband connectivity, which is expected to drive market growth and standardization over the forecast period.
  • Remote monitoring, cloud connectivity, predictive maintenance, remote operation, and remote maintenance are some of the major applications being commercialized in different end-use industries.
  • Numerous applications of cellular IoT are anticipated to be the most important growth driver for the market with a phenomenal increase in device shipments over the forecast period.

View more reports of this category by Grand View Research at
www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the global cellular IoT market based on components, types, end uses, and regions:

Component Scope (Revenue, USD Million; 2014 – 2025)

  • Hardware
  • Software
    • Device Management
    • Signal Processing

Type Scope (Revenue, USD Million; 2014 – 2025)

  • 2G
  • 3G
  • 4G
  • LTE-M
  • NB-LTE-M
  • NB-IoT
  • 5G

End-use Scope (Revenue, USD Million; 2014 – 2025)

  • Agriculture
  • Automotive & Transportation
  • Consumer Electronics
  • Energy
  • Environment Monitoring
  • Healthcare
  • Retail
  • Smart Cities
  • Others

Regional Outlook (Revenue, USD Million; 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
  • Middle East & Africa (MEA)

Browse Press Release of this Report:
www.grandviewresearch.com/press-release/global-cellular-internet-of-thing-iot-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Industrial Wireless Sensor Network (IWSN) Market Worth to Excel USD 8.67 Billion by 2025

San Francisco, 22 May 2019 – “Industrial Wireless Sensor Network (IWSN) Market Analysis Report By Component (Hardware, Software, Service), By Type, By Technology (Bluetooth, ZigBee, Wi-Fi, NFC), By Application, By End Use, And Segment Forecasts, [2018 – 2025]

The global industrial wireless sensor network (IWSN) market size is anticipated to reach USD 8.67 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 14.5% CAGR during the forecast period. Benefits offered by IWSN over wired networks, such as mobility, self-discovery capability, compact size, cost-effectiveness, and reduced complexity, are anticipated to play a significant role in increasing global demand.

IWSN is an advanced method of communication between two or more remotely-located devices without interruption. The systems comprise nodes that act as access points to form a better communication system. In IWSN, sensor nodes are connected through various wireless technologies such as ZigBee, Wi-Fi, Bluetooth, and WirelessHART. Increasing adoption of wireless communication, need for strong connectivity across remote locations, and demand for network infrastructure are expected to fuel market growth.

Recent advancements in the fields of Internet of Things (IoT) and Artificial Intelligence (AI) have further increased demand for wireless networks and strong connectivity. Accelerated adoption of these technologies by the oil and gas, manufacturing, utilities, and automotive verticals is expected to boost the growth of the industrial wireless sensor network market. In addition, key players in the market are investing heavily in R&D to explore the scope of the technology for innovations, integration, and new product developments. For instance, ABB Ltd., which has 7 research centers and more than 8,000 technologists, invested USD 1.5 billion in R&D in 2016.

Industrial Wireless Sensor Network (IWSN) Market

The hardware segment is anticipated to witness substantial growth as they detect activities and send information from one device to another through various communication technologies. Increasing miniaturization of electronic components and advancements in communication technology make it possible to develop a seamless network. The software handles device-specific tasks, such as initialization of hardware, memory management, and process management, as well as scheduling. The software segment generated the highest revenue in 2016 and the trend is expected to continue over the forecast period.

Global players in the IWSN market are collaborating with new entrants to provide improved products and systems with enhanced performance. In January 2017, Honeywell Process Solutions collaborated with AEREON to develop solutions that help the industrial sector improve operational efficiency, safety, and reliability.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/industrial-wireless-sensor-networks-iwsn-market

Further key findings from the report suggest:

  • Demand for IWSN has increased over the years owing to benefits such as elimination of complexity and cost-effectiveness as compared to wired networks
  • The hardware segment generated the highest revenue in 2016, owing to increased adoption for process monitoring in industries such as automotive, oil and gas, and mining
  • Numerous vendors are implementing compatible software for real-time monitoring of data from sensor nodes
  • Global players in the IWSN market are collaborating with new entrants to provide improved products and systems with enhanced performance
  • The Asia Pacific region is predicted to witness remarkable growth over the forecast period owing to increasing applications of WSN in automotive, manufacturing, and oil and gas industries
  • Key players in the market include ABB Ltd., Siemens AG, Schneider Electric, Yokogawa Electric Corporation, and Texas Instruments.

View more reports of this category by Grand View Research at
www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the global IWSN market based on component, type, technology, application, end use, and region:

Industrial Wireless Sensor Network Component Outlook (Revenue, USD Million, 2014 – 2025)

  • Hardware
  • Software
  • Service

Industrial Wireless Sensor Network Type Outlook (Revenue, USD Million, 2014 – 2025)

  • Temperature Sensors
  • Pressure Sensors
  • Level Sensors
  • Flow Sensors
  • Humidity Sensors
  • Motion & Position Sensors
  • Gas Sensors
  • Light Sensors
  • Chemical Sensors
  • Others

Industrial Wireless Sensor Network Technology Outlook (Revenue, USD Million, 2014 – 2025)

  • Bluetooth
  • ZigBee
  • Wi-Fi
  • Near Field Communication (NFC)
  • Cellular Network
  • WirelessHART
  • ISA 100.11a

Industrial Wireless Sensor Network Application Outlook (Revenue, USD Million, 2014 – 2025)

  • Machine Monitoring
  • Process Monitoring
  • Asset Tracking
  • Safety & Surveillance

Industrial Wireless Sensor Network End use Outlook (Revenue, USD Million, 2014 – 2025)

  • Automotive
  • Food & Beverages
  • Manufacturing
  • Mining
  • Oil & Gas
  • Utilities
  • Others

Industrial Wireless Sensor Network Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa

Browse Press Release of this Report:
www.grandviewresearch.com/press-release/global-industrial-wireless-sensor-networks-iwsn-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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