MarketResearch.com has expanded its report offerings on electronic markets with the addition of the report titled ‘Global Markets and Technologies for Wireless Sensors -- Focus on Asia-Pac’.
The report indicates that the demand for wireless sensor devices employed in end-user vertical applications globally has increased from $532 million in 2010 to $790 million in 2011. The market is likely to grow at a CAGR of 43.1% and is expected to reach approximately $4.7 billion by 2016.
The report focuses on the Asia-Pacific region, which is indicated as the most rapidly growing market for the wireless sensor devices. The market in the APAC region in 2011 was worth $225 million and is likely to achieve $1.5 billion by 2016. Japan is attributed as the largest market for the wireless sensors in the region. In 2011, the market segment in Japan was worth $77 million and is likely to achieve $392 million by 2016. The other key players in the APAC region are China, South Korea, India and Indonesia.
Wireless sensor devices are transmitter equipped robust, low-power devices that communicate wireless with each other and connect with other sensors. The sensing principles of the wireless sensor devices are useful for management setups and for monitoring purposes. Wireless sensors are used in transport & logistics, surveillance & defense, medicine, energy management, residential automation and other industrial and scientific applications.
The report lists the key players, their contribution to the global market, the challenges and the market drivers. Some of the key players featured in the report include ABB, Ambient Micro, CardioMEMS, Freescale, Flowserve, Leviton, Micropelt, Siemens, Renesas and Texas Instruments.
Source: http://www.marketresearch.com