2014-02-14 21:59:01 - Global Industrial Wireless Sensor Networks (IWSN) Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global Industrial Wireless Sensor Networks (IWSN) market is to grow at a CAGR of 14.4 percent over the period 2012-2016. One of the key factors contributing to this market growth is the cost benefit offered by wireless sensors when compared with traditional wired sensors. Furthermore, certain trends in the development of wireless technologies are providing wireless sensors with more advantages over wired sensors in the Industrial segment. However, the lack of standardization of wireless technologies in the industrial segment could pose a challenge to the growth of this market.
Development in wireless technology will help IWSNs to be used across a wide range of applications in the Industrial sector and will also help reduce operational costs in the long run.
There has already been high adoption of wireless technologies such as Bluetooth, ZigBee, and Wi-Fi. The use of these wireless technologies has allowed IWSNs to be used in the Automotive and Healthcare industries. Other solutions such as WirelessHART, SP100, or Wibree also aid in the widespread use of IWSNs across various applications. The impact of the development of wireless technology and its use for different applications is expected to be high during the forecast period.
Wireless sensors offer the advantage of not requiring any wires. The designers of industrial structures do not have to plan for any additional conduits. In addition, in case of a problem with the connectivity of a wireless sensor, the problem can be easily isolated (as the problem can only be with the sensor or the receiver) and rectified immediately. In this respect, wireless sensors offer a much better cost advantage than wired sensors.
One of the major challenges is that the new sensors may not be compliant with the old sensors because of the difference in standards that these sensors adhere to. It is, therefore, necessary for the IWSN industry to work toward a single standard that would allow for interoperability between different wireless sensors across all applications.
The key vendors dominating this market space include Emerson Electric Co., General Electric Co., Honeywell International Inc., Siemens AG, and Yokogawa Electric Corp. The other vendors mentioned in the report are ABB Ltd., Atmel Corp., Cisco Systems Inc., Dust Networks Inc., Freescale Semiconductor Inc., Invensys PLC., Mitsubishi Electric Corp., and Rockwell Collins Inc.
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