By
Telecom Lead Team: Market Research Projects Wireless Sensors
Market Growth at 43 percent CAGR Through 2016.
According to MarketResearch.com, Asia-Pacific (APAC)
region is the fastest growing market for wireless sensors.
The global market for wireless sensor devices used in end
vertical applications totaled $532 million in 2010 and $790 million in 2011.
Global Markets and Technologies for Wireless Sensors —
Focus on Asia-Pac report predicts that global wireless sensor
device market is expected to increase at a 43.1 percent compound annual growth
rate (CAGR) and reach an estimated $4.7 billion by 2016.
The APAC region was worth $225 million in 2011 and is
projected to reach $1.6 billion by 2016, a CAGR of 48.6 percent between 2011
and 2016.
Japan is a highly flourishing 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 percent between 2011 and 2016.
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