Industrial Wireless Sensor Networks (IWSN) - Global Market Trajectory & Analytics

Global Industrial Wireless Sensor Networks (IWSN) Market to Reach $9.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Industrial Wireless Sensor Networks (IWSN) estimated at US$3.9 Billion in the year 2020, is projected to reach a revised size of US$9.2 Billion by 2027, growing at a CAGR of 13.2% over the analysis period 2020-2027. Hardware, one of the segments analyzed in the report, is projected to record a 12.7% CAGR and reach US$4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 12.9% CAGR for the next 7-year period.



The U.S. Market is Estimated at $1 Billion, While China is Forecast to Grow at 17.3% CAGR

The Industrial Wireless Sensor Networks (IWSN) market in the U.S. is estimated at US$1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2027 trailing a CAGR of 17.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.3% and 11.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.4% CAGR.

Service Segment to Record 14.5% CAGR

In the global Service segment, USA, Canada, Japan, China and Europe will drive the 13.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$734.8 Million in the year 2020 will reach a projected size of US$1.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.4 Billion by the year 2027, while Latin America will expand at a 15.9% CAGR through the analysis period. We bring years of research experience to this 18th edition of our report. The 391-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

• ABB Ltd.
• Schneider Electric SA
• Siemens AG
• Texas Instruments, Inc.
• Yokogawa Electric Corporation

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.