Industrial Wireless Sensor Network Market Share, Size, Analysis and Forecasts 2016-2020

Technavio Announces the Publication of its Research Report Global Industrial Wireless Sensor Network (IWSN) Market 2016-2020

Technavio recognizes the following companies as the key players in the global industrial wireless sensor network (IWSN) market: Honeywell Process Solutions, Linear Technology, NXP Semiconductors, Texas Instruments, ABB, Schneider Electric, Siemens, STMicroelectronics, and Yokogawa Electric.

Browse full report with TOC@ https://marketreportscenter.com/reports/368523/global-indium-tin-oxide-market-2016-2020

Commenting on the report, an analyst from Technavios team said: Adoption of wearable devices in industries will be a key trend for market growth. With the increasing penetration of wearable devices in the commercial market, wearable devices are also becoming increasingly popular for industrial usage due to their numerous benefits. By using wearable devices, industries can minimize process timelines and achieve operational efficiency and hence, these devices are being increasingly adopted by organizations. For instance, in 2015, Airbus implemented wearable devices in the aerospace and defense industries in collaboration with Accenture. The wearable device helps reduce the complexities associated with the assembly of cabin seats in the aircraft and minimizes the time involved in the completion of the task.”

According to the report, one of the key drivers for market growth will be increase in demand for wireless sensors in oil and gas industry. The widespread economic development has led to a significant growth in economies across the globe, especially in the developing countries. With the growth of the economy, demand for energy and power is constantly increasing, which has resulted in a rise in demand for oil and gas globally. The consumption of oil and gas increased from 90.5 million barrels per day in 2012 to 93.8 million barrels per day in 2015, and we expect the same to exceed 100 million barrels per day by 2020.

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