Wireless Sensors Market Share, Trends Worldwide Forecast 2015

Wireless sensors are equipped with transmitters that read signals from instruments or environment and convert them into radio signals. These sensors are considered to be the standard measurement tools that convert wireless signals into data, which can be analyzed. The optimization of technology has resulted in these sensors getting lighter, smaller, smarter, more power efficient, and cheaper than their earlier versions. Initially, these sensors were used for surveillance in the battlefield by the military sector. Currently, industries are adopting these sensors for various applications. These sensors can be used to get important data such as temperature, pressure, and decibel-level conditions.

Technavio's analysts forecast the global wireless sensors market to grow at a CAGR of 20.58% in terms of revenue over the period 2014-2019.

Covered in this report

The report covers the present scenario and the growth prospects of the global wireless sensors market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of wireless sensors. The application software that helps in the functioning of a wireless sensor is not taken into consideration while determining the market size. The report also does not consider revenue generated from the aftermarket sales or repairs of wireless sensors.

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Technavio's report, Global Wireless Sensors Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report focuses on the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. Also, this report presents the growth factors driving this market, the challenges faced by the vendors, and the trends influencing this market that will stimulate growth during the forecast period.

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