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Wireless Sensor Networks See Uptake in Global Industries Due to Technological Breakthroughs

Frost & Sullivan expects convergence of standards to speed up adoption tremendously


News provided by

Frost & Sullivan

Jan 27, 2015, 07:50 ET

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MOUNTAIN VIEW, Calif., Jan. 27, 2015 /PRNewswire/ -- The global wireless sensor networks market is highly dynamic with rapid technological developments strengthening their use case in a myriad of applications. Need for real-time data monitoring and analysis in factory automation is the primary driver for wireless sensor networks. End users are also comfortable employing wireless devices for less critical functions such as tracking production flow and quality. Cloud connectivity and development of newer wireless protocols have strengthened deployment of wireless sensor networks in diverse applications.

Photo - http://photos.prnewswire.com/prnh/20150123/171026

New analysis from Frost & Sullivan, Global Wireless Sensor Networks Market, finds that the market earned revenues of $1.20 billion in 2014 and estimates this to reach $3.26 billion in 2020 at a compound growth rate of 18.1 percent.

For complimentary access to more information on this research, please visit: http://bit.ly/1zDhAhj.

"All industries, apart from consumer electronics and goods, deploy wireless sensor networks for monitoring," said Frost & Sullivan Measurement and Instrumentation Industry Principal Dr. Rajender Thusu. "The building automation, supply chain, defense, materials handling and food and beverage, sectors use wireless sensor networks for tracking and tagging in addition to monitoring."

However, wireless sensor networks remain underutilized for control functions, except for short range wireless sensor communications and a few off/on features. Reliability and security appear to be key user concerns. Further, end users are hesitant to invest the time and money required to address currently limited bandwidth.

Lack of convergence is another challenge compounded by proprietary wireless network standards. Enforcement of common wireless sensor network standards will be critical to ensure free data flow, eliminate data packet losses, and sustain pace of transmission.

To meet diverse market needs different approaches have been developed. Wireless devices based on IEEE 802.15.4 are characterized by short range, low bit rate, low power, and low cost. These devices work to connect the physical environment with the real world applications. Other efforts include development of 6LoWPAN which is an Internet Engineering Task Force (IETF) that aims at achieving transfer of IPv6 packets over low-power wireless sensor networks (WSN) based on standards such as IEEE 802.15.4.

Among proprietary solutions Z-Wave developed by Zensys, focuses on addressing the building automation and smart homes market. Another effort is DASH7 which is an alliance that focuses on sub-1GHz Radio Technology based on the Alliance Mode Protocol, chip development, and device productization.  It facilitates interoperability with various standards.

"WirelessHART protocol and ISA100is becoming a common standards across industries," noted Dr. Thusu. "With a converged standard, end users can easily integrate process control and automation sensors with other functions such as asset and human tracking systems."

Should convergence stay out of reach, network management tools that enable communication integration at the application level are expected to bridge the gap in the global wireless sensor networks market.

Global Wireless Sensor Networks Market is part of the Sensors & Instrumentation Growth Partnership Service program. Frost & Sullivan's related studies include: Global Pressure Sensors and Transmitters Market, Global Biosensors Market, Sensors in Power Generation and Smart Grid, World Torque Sensors Market, Global Temperature Sensors Market and Global Sensor Outlook. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:     Start the discussion

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Global Wireless Sensor Networks Market
N92B-32

Contact:
Ariel Brown
Corporate Communications – North America
P: (210) 247.2481
F: (210) 348.1003
E: [email protected]

http://www.frost.com

SOURCE Frost & Sullivan

Related Links

http://www.frost.com

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