Wild growth, frequently measured as penetration rates is a result of the change out of wired sensor networks for wireless ones. In addition, the wireless networks have a broader reach than the wired ones did, spurring market extensions in a variety of applications, some not even thought of so far.
Semiconductor Wireless Sensor Networks Markets at $2.7 billion in 2013 are forecast to reach $12 billion Worldwide by 2020.
Market growth is dependent on emerging technology. As the wireless technology, the solid state battery, the sensor technology, smart phone technology and the energy harvesting technology all become commercialized, these devices will be used to implement wireless sensor networks. The semiconductor wireless sensor networks markets will be driven by the adoption of 9 billion smart phones by 2020, creating demand for apps that depend on sensor networks.
According to the semiconductor wireless sensor network market research study, “Semiconductor wireless sensor network markets are evolving as smart phone devices and technology find more uses throughout the landscape of the Internet of Things. Sensors can provide monitoring that has not previously been available. Differential diagnostic tools support provide differential information that helps manage our daily lives from traffic patterns to crime detections, to medical treatment.”
“The decision process take into account clinical findings from the home monitoring devices and from symptoms verbally communicated in a clinical services setting. Improved economics of healthcare delivery implementation is facilitated by wireless sensor networks. This is true across the spectrum of things that can be monitored by sensors”.
Wireless Sensor Network Company Description: Akamai, Analog Devices, Conexant Systems, Dialog, Freescale Semiconductor, Fujitsu, Gemalto, Honeywell, IBM, Integrated Device Technology (IDT), Invensys, Libelium, Linear Technology / Dust Networks, Lord, Microsemi Corporation, Millennial Net, Mitsubishi Electric, Northrop Grumman, OMRON, Renesas, Rockwell Automation, Schneider Electric, Semtech, Sensata Technologies, Silicon Labs, Texas Instruments, Zigbee Standard and Z-wave.
The proliferation of apps on smart phones will drive growth of semiconductor, wireless sensor networks markets because the sensors work directly as they are installed without excess labor and wiring that has been necessary previously, making the systems more convenient to install and run.
Semiconductor wireless sensor networks are used for bridge monitoring, implementing the smart grid, implementing the Internet of things, and monitoring for security implementation. The systems are used to implement energy savings in homes and commercial buildings, almost anything can be monitored with sensors and tracked on a smart phone. Projects are ongoing.
With 9 billion devices connected to the Internet in 2014, phenomenal growth is likely to occur when that number rises to 100 billion by 2020. Businesses control devices with sensors and wireless sensor networks (WSNs).
The sensors connected to the Internet promise to bring a big data explosion. Much of the data will be discarded, as users get simply overwhelmed by vast volumes. Analytics will become popular inside the wireless sensor networks so that alerts are generated at the point of collection of data.
The Wireless M2M & IoT Bible: 2014 – 2020 – Opportunities, Challenges, Strategies, Industry Verticals and Forecasts report says the wireless M2M market to account for nearly $196 Billion in revenue by the end of 2020, following a CAGR of 21% during the six year period between 2014 and 2020. Eyeing this lucrative opportunity, vendors and service providers across the highly fragmented M2M value chain have become increasing innovative in their strategies and technology offerings which have given rise to a number of submarkets such as M2M network security, Connected Device Platforms (CDP) and M2M application platforms.