Wireless Sensor Tags Market Overview
Wireless sensor tags are used to monitor and record motion events, open or close events, door or window temperature, humidity, soil moisture and water leaks. It connect events in physical world, such as motion, temperature or humidity, to user’s smart phones, and any web browsers. It shows graphs, data-logs of humidity, temperature, motion events at each wireless sensor tags.
The increasing demand for mobile communication and continuous improvement in the speed of internet is driving wireless sensor tags market. Wireless Sensor Tags offers various applications in food and pharmaceutical cold-chain management, remote monitoring, industrial process control, and healthcare applications.
Impact of COVID-19 Pandemic Outbreak on Wireless Sensor Tags Market
The global shipments of wireless sensor tags products such as temperature, humidity, and light sensor tag declined in the first half of 2020 owing to supply chain disruptions caused by the COVID-19 outbreak. Owing to the spreading of COVID-19 virus in all the regions are creating supply-side production and demand-side challenges for the wireless sensor tags.
In 2020, the market is expected to decline by nearly 3-4%, as compared to 2019. However, if the COVID-19 pandemic situation gets controlled during Q1, 2021, the market is expected to return to steady growth rates, as the launch of new wireless sensor tags products such as IoT-connected wireless sensor tags, and other wireless sensor tags will help the category gain traction.
Wireless Sensor Tags Market: Drivers and Challenges
The continuous investments to develop new sensor technologies and upgrading existing infrastructure to support IoT and automation, are some factors expected to create new growth opportunities for the wireless sensor tags market. The wireless sensor tags includes different features such as low-cost, flexibility, high data rate, flexible data transfer modes, zero-power device configuration and set-up.
The reliability of such features drives wireless sensor tags market growth. Apart from this, the growing regulations and policies imposed by government agencies such as Mine Safety and Health Administration are resulting in large scale adoptions of wireless sensor tags.
Moreover, the continuous innovations and developments of low-cost wireless technology are fueling the wireless sensor tags market. The rise in number of smart devices and increasing number of data-intensive applications used in these smart devices is propelling the growth of wireless sensor tags market.
The integration of advanced technologies within the existing legacy network infrastructure and security issues, is hampering the wireless sensor tags market growth. The lack of trained personnel for handling wireless sensor tags, is indirectly affecting the wireless sensor tags market.
Wireless Sensor Tags Market: Competition Landscape
Some of the prominent players providing wireless sensor tags are
- TE Connectivity
- Cao Gadgets LLC.
- ON Semiconductor
- Texas Instruments Incorporated
- Intel Corporation
These vendors are developing innovative sensor tags for wide range of industry applications, to fulfill customer demands.
Wireless Sensor Tags Market: Regional overview
Based on region, the wireless sensor tags market has been segmented into North America, Europe, Latin America, East Asia, South Asia & Pacific and MEA. Market is currently dominated by Asia Pacific followed by North America.
On the basis of geography, Europe, North America and APAC together are expected to capture the most significant market share of nearly 75%, due to early adoption of advanced technologies such as wireless and IoT in these regions.
The wireless sensor tags market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The wireless sensor tags market report also maps the qualitative impact of various market factors on market segments and geographies.
The report covers exhaustive analysis on
- Wireless Sensor Tags Market Segments
- Wireless Sensor Tags Market Dynamics
- Wireless Sensor Tags Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Technology Landscape
- Value Chain of the Market
- Wireless Sensor Tags Market Drivers and Restraints
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of Latin America)
- Europe (Germany, Italy, U.K, Spain, France, BENELUX, Russia, Rest of Europe)
- East Asia (China, Japan, and South Korea)
- South Asia & Pacific (India, ASEAN, and Australia & New Zealand, Rest of South Asia & Pacific)
- Middle East and Africa (GCC Countries, Turkey, South Africa, Rest of MEA)
Wireless Sensor Tags Market: Segmentation
The wireless sensor tags market has been segmented on the basis of type, application, and regions.
- Active Tags
- Passive Tags
- Consumer Electronics
- Aerospace & Defense