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Battery-free Sensors Market

Battery-free Sensors Market

Battery-free Sensors Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

144

Base Year:

2021

Date

Jan - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1151

Segments Covered
  • By Sensor Type Temperature Sensors, Humidity/Moisture Sensors, Pressure Sensors, Others
  • By Industry Automotive, Logistics, Healthcare, Food & Beverages, Others
  • By Region North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: USD 30.8 Billon
Revenue 2028Revenue 2028: USD 175.2 Billon
Revenue CAGRRevenue CAGR (2022 - 2028): 28.8%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
Battery-free Sensors  Market Share

Battery-free Sensors Market: By Sensor Type, Frequency, Industry, and Region

Market Synopsis:

Global Battery-free Sensors market is valued at USD 30.8 Billon in 2021 and is projected to attain a value of USD 175.2 Billon by 2028 at a CAGR of 28.8% during the forecast period, 2022–2028. The prices of wireless sensors have dropped in recent years, and this has promoted the adoption of battery-free devices into diversified industries. The recent advent of various smart technologies is expected to increase demand for Battery-free Sensors going forward. With the number of wireless sensors increasing exponentially over the past few decades, there exists immense potential for improvement in quality of life through their use across different industry verticals. With the prices having dropped significantly over the past few years, there has been higher uptake of sensors that run on batteries. However, m any battery-powered sensors contain high amounts of metals such as lead which eventually affect the environment adversely when they are disposed off after use.

Battery-free Sensors Market Size, 2021 To 2028 (USD )

Growing Adoption of IoT to Drive Growth of Battery-free Sensors Market

The growing adoption of Battery-free Sensors in IoT applications is driven by their ability to reduce operational and maintenance costs. For example, key parameters for quality control (QC) of manufacturing machinery are temperature, humidity, pressure, vibration and flow rate, which requires battery-free wireless sensors that can be installed on the production line without having to change the mechanisms or settings that were already calibrated.

The growth of the Internet of Things (IoT) has fueled demand for intelligent wireless sensor networks (WSNs). There will be more than one trillion battery-powered devices connected to IoT applications by 2028. This number includes various categories such as mobile phones, wearable devices, medical implants and environmental monitoring sensors.

Segmentation:

The global Battery-free Sensors market is segmented into sensor type, frequency, industry, and region. On the basis of sensor type, the market is segmented into temperature sensors, humidity/moisture sensors, pressure sensors, and others. Based on industry, market is segmented into automotive, logistics, healthcare, food & beverages, and others.

Below tree is interactive. You can click the nodes to get more information.

Automotive and Healthcare Sector to Remain the Key Contributors to the Battery-free Sensors Market

The Automotive sector is likely to be the early adopter of wireless Smart Sensor systems as it involves high risks which necessitates stringent safety measures. For instance, Intelligent Transportation System (ITS) requires wearable sensors that do not use energy storage medium such as batteries, therefore; these sensors will be used in ITS applications first. Later on, other automotive applications will follow suit where Battery-free Sensors will find application in body monitoring, driver assistance system (DAS), tire pressure monitoring system (TPMS) etc.

The healthcare sector offers huge opportunity for smart wireless sensor technology owing to the fact that wireless technology has the potential to drastically reduce healthcare costs. The sensor systems in healthcare can be broadly classified into noninvasive sensors and implantable sensors. Noninvasive Battery-free Sensors are widely used for monitoring vital signs such as blood pressure, respiratory rate, etc., while implantable sensors are used for cardiac pacemakers, deep brain stimulators, cochlear implants, etc. Most of these sensor devices will not require any external power supply because they generate their own energy through kinetic motion or mechanical deformation (strain).

Asia Pacific to Dominate Battery-free Sensors Market

The Asia Pacific region has been identified as the largest market for battery free sensors with a CAGR of over 35% between 2021 and 2028. The reports states that the adoption of Battery-free Sensors in this region is driven by factors such as new product development, stringent quality standards and accurate real time data availability. Another key factor which contributes to this growth is improvement in technology and architecture of these devices. For instance, companies embedding BFSI enabled technologies track shipments at every state of their journey through a unique code embedded into the item being shipped thereby assuring customers about its integrity. Similarly, companies using NFC ( Near Field Communication) can also provide information about their products – right from authenticity – by just scanning a tag or card attached to the product. The Battery-free Sensors solutions provide all this and more with accuracy and reliability. The size, cost and mobility of such devices add immense value to customers.

Key Vendors

Farsens (Spain), ON Semiconductor (UK), Axzon (Rfmicron) (US), Phase IV Engineering (US), Inductosense (UK), Powercast (US), EnOcean (Germany), Distech Controls (US), Everactive (US) and DCO Systems (UK) are some of the key players in the global Battery-free Sensors market.

The Battery-free Sensors is Segmented as Follows:

Parameter Details
Segments Covered
  • Sensor Type (Temperature Sensors, Humidity/Moisture Sensors, Pressure Sensors, Others)
  • Industry (Automotive, Logistics, Healthcare, Food & Beverages, Others)
  • Region (North America, Europe, Asia Pacific, Middle East & Africa, Latin America)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Farsens (Spain)
  • ON Semiconductor (UK)
  • Axzon (Rfmicron) (US)
  • Phase IV Engineering (US)
  • Inductosense (UK)
  • Powercast (US)
  • EnOcean (Germany)
  • Distech Controls (US)
  • Everactive (US) and DCO Systems (UK)
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Battery-free Sensors Market to Reach over USD 175.2 Billon by 2028
According to our report on the title the Battery-Free Sensors Market is expected to reach over by 2028, growing at a CAGR of over 2022 to 2028. Increase in the market for thin sleek electronic gadgets throughout enterprise verticals like healthcare, and industrial to reduce of function and...
FAQ
Frequently Asked Question
  • The global Battery-free Sensors valued at USD 30.8 Billon in 2020 and is expected to reach USD 175.2 Billon in 2028 growing at a CAGR of 28.8%.

  • The prominent players in the market are Farsens (Spain), ON Semiconductor (UK), Axzon (Rfmicron) (US), Phase IV Engineering (US), Inductosense (UK), Powercast (US), EnOcean (Germany), Distech Controls (US), Everactive (US) and DCO Systems (UK) .

  • The market is project to grow at a CAGR of 28.8% between 2021 and 2028.

  • The driving factors of the Battery-free Sensors include

    • Automotive and Healthcare Sector to Remain the Key Contributors to the Battery-free Sensor Market

  • North America was the leading regional segment of the Battery-free Sensors in 2020.