Wireless Sensor Market to Grow to $745 Million by 2025
Ease of moving wireless sensors makes them ideal for buildings with retrofit work or space changes
BOULDER, Colo. — As information and operational technologies converge, sensors play a crucial role in facilitating intelligent building solutions that can provide actionable insight through data-driven tools, notes Navigant Research. Wireless connectivity expands these sensor capabilities by allowing easy connection to larger networks that can increase the number of connected devices and enable more granular control over building systems. According to a new report from the research firm, wireless sensor revenue is expected to grow from $188.2 million in 2016 to $745.2 million in 2025.
“The growing popularity of wireless systems is attributed to factors including flexibility, lifecycle cost, changing demands, and the expectations of occupants and facility managers,” said Christina Jung, research associate with Navigant Research. “Wireless sensors amplify the benefits of intelligent building solutions because of the ease of connectivity, and they present a strong business case for retrofit projects over wired systems due to labor and wiring costs.”
Wireless sensors enable increased control over building systems while avoiding many of the challenges involved with running traditional cabling to support communications and power, according to the report. Due to the ease in moving sensors, buildings with significant turnover, anticipated space changes, or retrofit work are best suited for wireless sensors deployment.
An executive summary of the report is available here.
Publication date: 4/21/2016