Industrial Wireless Sensor Network Market Size, Share & Trends Analysis Report By Component (Hardware, Software, Service), By Type (Temperature Sensor Networks, Pressure Sensor Networks, Level Sensor Networks, Flow Sensor Networks, Humidity Sensor Networks, Motion & Position Sensor Networks, Gas Sensor Networks, Light Sensor Networks, Chemical Sensor Networks, Others), By Technology (Bluetooth, ZigBee, Wi-Fi, Near Field Communication (NFC), Cellular Network, WirelessHART, ISA 100.11a), By Application (Machine Monitoring, Process Monitoring, Asset Tracking, Safety & Surveillance), By End-Use (Automotive, Oil & Gas, Utilities, Mining, Food & Beverage, Manufacturing, Others) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2022-2030

Market Overview

The global industrial wireless sensor network market was valued at USD 4.97 billion in 2021 and is expected to reach USD 8.62 billion in 2030 expanding at a compound annual growth rate (CAGR) of 7.13% from 2022 to 2030.

The industrial wireless sensor network provides a network infrastructure that eliminates the need for fiber optic cables by enabling connections between sensor nodes and gateways. Additionally, it makes improved communication easier by facilitating the use of radio nodes organized in the right topologies.

IWSN stands for "industrial wireless sensor network," and it refers to a network that combines wireless communication with distributed sensing platforms. IWSN nodes are placed in outlying regions, and the network relies on wireless technology to send messages to the command-and-control center. In addition to that, the system is capable of being remotely controlled, monitored, and troubleshot. In addition, the majority of its applications include process and control monitoring as well as data processing.

It is anticipated that the market for IWSN would expand considerably over the course of the next years as a result of the rising need for network infrastructure as well as developments in artificial intelligence (AI), machine learning (ML), and big data analytics. Companies are now able to examine the vast amounts of data acquired from a wide variety of sensors, including temperature, motion, pressure, gas, flow, and chemical sensors, as a result of the technological advancements made possible by these technologies.

Market Dynamics

Industrial wireless sensor network market drivers

• The market is expanding as a result of increasing use in autonomous vehicles

Because autonomous cars rely heavily on wireless technology, there has been an increase in demand for these networks all over the world in recent years. This need has been fueled by the rising popularity of autonomous vehicles. These networks are utilized in a variety of automotive applications, some of which include the management of automobile pollution, the control of automobile theft, the regulation of the intensity of headlights, the detection of vehicle sites, and the monitoring of vehicle health. In addition, the sensors that are put in autonomous cars assist to improve the interconnectivity of the vehicles and minimize the amount of maintenance that is required. Therefore, more and more of these networks are being utilized in the automobile industry.

• Industrial wireless sensor network demand is growing, fuelling market expansion

These days, industrial wireless sensor technology is growing in popularity in the market since it enables businesses to remotely monitor and regulate a wide variety of characteristics, such as temperature, pressure, and vibration. Businesses now have the power to improve their operational cost-effectiveness and efficiency thanks to wireless sensor technologies. In addition to this, it assists businesses in accomplishing their financial goals by providing innovative solutions and services. These factors boost the need for inexpensive industrial automation systems, which in turn has a beneficial impact on the expansion of the market for wireless sensor networks.

• The rise in demand for remote monitoring

The wireless sensor network (WSN) is a technology that is changing industrial monitoring and diagnostics. This technology enables sensor networks to have monitoring stations that are equipped with WSNs that consume little power and are inexpensive. These networks are made up of motes that are powered by batteries and have the capacity to swiftly build a network. Within this network, sensors are able to wirelessly interact with one another. Home automation, personal computer peripherals, and remote controls are all examples of consumer-grade applications that might benefit from using wireless sensor networks.

Industrial wireless sensor network market restraints

• Security and privacy issues

The number of data breaches is quickly accelerating along with the development of technology that enables more communication. As the number of devices and connections in use continues to increase at an exponential rate, data will become increasingly important. Since the network platforms have only just been built, their security compliances are not very solid. This acts as a barrier to the development of the market for wireless sensor networks since it is crucial to ensure the security of company data while designing analytics solutions for a variety of applications that are specialized to distinct verticals.

Industrial wireless sensor network market opportunity

• Wsn usage among smbs is increasing

Numerous small- and medium-sized businesses (SMBs), in addition to major industry players, are eager to reap the benefits of wireless sensor network solutions, which will allow them to improve the scalability and efficiency of their company operations. Small and medium-sized businesses have seen a variety of benefits from the implementation of WSN, including a reduction in operational expenses, enhanced agility and scalability, higher revenue, and improved performance. Because of this, there will be an increase in the number of SMBs that implement WSN.

Regional Analysis

Due to the existence of a robust manufacturing sector, the North American regional market led the global market in 2019. Additionally, businesses in the area are among the first to implement cutting-edge technology for process improvement and raising health and safety requirements. One of the other key reasons propelling the expansion of the North American regional market is the increasing acceptance of IWSN by oil and gas firms for offshore operations. Increasing research and development expenditures in wireless connection by significant technology manufacturers might also be linked to the expansion of the regional market.

There are more startups focused on IIoT in Canada. The businesses operating there are attempting to use IIoT to get around some of Canada's major problems, such as its tiny population, and difficult-to-reach isolated areas. As a result, many energy and mining projects may be remotely monitored, which is anticipated to fuel the market for industrial wireless sensor networks.

Due to the increasing adoption of smart manufacturing practices in nations like China, India, and Taiwan, the Asia Pacific regional market is anticipated to develop at the quickest rate of any regional market. Due to rising WSN applications in the mining and oil and gas industries, the MEA and Latin American regions are predicted to have significant growth during the projection period.

The 2015-launched "Make in India" program is a key factor in the expansion of the Industry 4.0 movement in India, which is anticipated to increase demand for industrial wireless sensor networks (IWSN).

Segmental Analysis

The industrial wireless sensor market is segmented into the following categories: component, type, technology, application, end use and region.

Due to the rising demand for service-oriented software architecture and self-organizing networks, the software sector, which dominated the market in 2018, is expected to expand at the quickest rate throughout the projected period. The market in industries has been further bolstered using Software Defined Network (SDN) in IWSN to increase efficiency and sustainability.

A sizeable portion of the IWNS market is also made up of the hardware sector. The increased usage of sensor nodes, routers, and gateways to building network infrastructure is responsible for the expansion of the hardware market. The hardware market is anticipated to develop as linked devices and IoT are increasingly used in industrial applications. The IWSN also has an advantage over its conventionally utilized wired equivalents in that it may be implemented with ease in places that are technically inaccessible. Additionally, the hardware installation makes it simple to integrate data, enabling the centralization of monitoring programs.

The market has been divided into additional categories based on type, including temperature sensor networks, pressure sensor networks, level sensor networks, flow sensor networks, humidity sensor networks, motion & position sensor networks, gas sensor networks, light sensor networks, and chemical sensor networks, and others. Due to the growing use of flow sensor networks for inferentially monitoring liquid or fluid flow rates in the oil and gas, chemical, and food and beverage sectors, this market segment led in 2018. Additionally, several businesses are creating wireless sensor nodes and piezoelectric flow sensors to cut power usage in the oil and gas sector.

Due to its extensive use in industrial processes, the gas sensor networks market is anticipated to develop at the quickest rate over the projected period. These sensors aid in the detection of the number of dangerous gases discharged into the atmosphere during production. Additionally, because they are affordable and compact, gas sensors are becoming more and more common in sectors including oil and gas, pharmaceuticals, chemical and petroleum, building automation, and food and beverage.

ISA 100.11a, WirelessHART, Bluetooth, ZigBee, Wi-Fi, Near Field Communication (NFC), and ZigBee have all been included in the market's technology-based subcategories. Due to advantages including the provision of a user-friendly environment by keeping compatibility with existing devices, tools, and systems, the WirelessHART segment led the market in 2019. Widespread usage of open wireless communication, including applications for process measurement and monitoring, is made possible via WirelessHART. Due to advantages like cost-effectiveness and less complexity, it is also widely employed in sectors like oil and gas, utilities, and manufacturing.

Due to an increase in the use of gateway communications, the cellular network sector is anticipated to develop at the quickest rate throughout the projection period. Information is updated on cloud servers via a cellular network, and anybody may view the information from anywhere. Over the course of the forecast period, it is anticipated that rising demand for the Internet of Things (IoT) and smart manufacturing would further propel cellular technology in the market for industrial wireless sensor networks. Additionally, it is projected that the global expansion of specific wireless cellular standards for IoT connectivity, such as LTE-M and NB-IoT, will fuel the segment's expansion.

The market has been further divided into asset tracking, machine monitoring, process monitoring, and safety & surveillance based on application. Due to a number of benefits, including the removal of wiring restrictions, simple maintenance, and lower costs in contrast to wired systems, the process monitoring sector led the market in 2019. The primary elements influencing their acceptance have also been IWSN's capacity to activate and operate machines and moving parts.

Due to improved operational efficiency and lower deployment and maintenance costs, asset tracking is anticipated to increase at the quickest rate throughout the projection period. Asset tracking solutions have also been widely adopted in the industrial and logistics sectors as a result of the availability of dependable products with increased battery life and a respectably extended wireless communication range.

The market has been further divided into the following subsectors based on end-use: automotive, oil & gas, utilities, mining, food & beverage, manufacturing, and others. Due to the growing use of sensor networks and the accessibility of predictive maintenance, quality control, and automated process management solutions, the manufacturing sector is expected to continue to dominate the market in 2019 and become the segment with the fastest growth over the forecast period.

Additionally, the electronics industry's participants are being compelled to choose better plant monitoring and control solutions as a result of the growing need for energy-efficient production and green manufacturing, which is promoting the expansion of the IWSN market. A sizeable portion of the IWSN market is made up of the utility segment. The fast expanding deployment of smart grid technology globally can be blamed for the expansion of the utility market. Automatic metering infrastructure, full-duplex communication, distribution automation, integration of renewable energy sources, and whole grid monitoring and control are characteristics of smart grid technology.

IWSN usage is anticipated to accelerate in the oil and gas end-use sector as well. IWSNs are well suited for monitoring various upstream, middle, and downstream processes in the oil and gas sector because to their sensing, processing, and communication capabilities. IWSN utilization contributes to higher output, fewer accidents, lower maintenance costs, and less malfunctioning.

Recent Developments

STMicroelectronics introduced the STM32WB50 Value Line wireless microcontrollers in November 2019 to meet the needs of cost-conscious connected devices that must support Bluetooth 5.0, ZigBee 3.0, or OpenThread.

The O-RAN Alliance specifications are targeted at a variety of deployment scenarios, including Central Units/Distributed Units (CU/DU), Radio Units (RUs), Integrated Small Cells, and Customer Premises Equipment (CPE) systems. In October 2019, NXP Semiconductors N.V. announced a new series of Layerscape Access processors.

One of the first devices to get PSA Certified Level 1 certification under a new IoT security program led by Arm is Nordic Semiconductor's newly released nRF9160 System-in-Package (SiP) LTE-M/NB-IoT cellular IoT (CIoT) module.