Lucintel's latest market report analyzed that wireless sensor provides attractive opportunities in the building automation, consumer electronic, industrial, automotive, and healthcare industries. The wireless sensor market is expected to reach $3.9 billion by 2028 with a CAGR of 12.8%. In this market, accelerometer is the largest segment by sensor type, whereas building automation is largest by end use industry.
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Based on sensor type, the wireless sensor market is segmented into accelerometer, magnetometer, gyroscopes, inertial sensor, motion sensor temperature and humidity sensors, pressure and force sensors, microphones and microspeakers, image sensors, medical-based sensors, touch sensors, and others. The accelerometer segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its widespread application in medical wearable technology for monitoring and assessment.
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The Wireless Sensor Market is marked by the presence of several big and small players. Some of the prominent players offering wireless sensor include Intel, Texas Instruments, STMicroelectronics, TE Connectivity, NXP Semiconductor, Honeywell, Invensense, Sensirion, Episensor, and Helium Systems.
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