SOURCE: MarketResearch.com

MarketResearch.com

February 29, 2012 05:08 ET

Market Research Projects Wireless Sensors Market Growth at 43% CAGR Through 2016

ROCKVILLE, MD--(Marketwire - Feb 29, 2012) - MarketResearch.com has announced the addition of the new report "Global Markets and Technologies for Wireless Sensors -- Focus on Asia-Pac" to their collection of Electronics market reports. For more information, visit http://www.marketresearch.com/BCC-Research-v374/Global-Technologies-Wireless-Sensors-Focus-6820737/

Wireless sensor devices connect sensors wirelessly among each other as well as to monitoring and management setups. While the sensing principles are consistent with that of wireline sensors, wireless sensors have the challenge of operating with an attractive form and with robust power management.

The global market for wireless sensor devices used in end vertical applications totaled $532 million in 2010 and $790 million in 2011. This market is expected to increase at a 43.1% compound annual growth rate (CAGR) and reach an estimated $4.7 billion by 2016.

The Asia-Pacific (APAC) region is unsurprisingly the fastest growing market for wireless sensors. This region was worth $225 million in 2011 and is projected to reach $1.6 billion by 2016, a CAGR of 48.6% between 2011 and 2016.

Japan has a top market for wireless sensors in the APAC region. This segment was worth $77 million in 2011 and is expected to reach $392 million by 2016, a CAGR of 38.5% between 2011 and 2016.

For more information, visit http://www.marketresearch.com/BCC-Research-v374/Global-Technologies-Wireless-Sensors-Focus-6820737/

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