APAC Wireless Sensors Market_机械零部件与配套工业_环球市场

APAC Wireless Sensors Market Analysis

The APAC Wireless Sensors Market is expected to register a CAGR of 25.29% during the forecast period.

The Asia Pacific market is expected to augur significant growth in the coming years. It is growing at the fastest pace, as compared to the other regions, owing to the presence of emerging countries such as India and China, which offer huge potential for growth.
Wireless sensors are used in factory settings for data monitoring, the flow of production, and other similar functions, as well as in building automation, defense, and other industries like materials handling and food and beverage. The increasing quest for new energy sources, renewable energy development, government regulations, and rapid technological advancements are the key drivers which are making the wireless sensors market grow lucratively.
Their usage has also increased as they are a vital component in smart grids for remote monitoring of transformers and power lines where they are put into service to monitor line temperature and weather conditions.

The Asia Pacific is one of the largest region in the electrical and electronics manufacturing market. The region is also a significant vendor of wireless sensor technologies, especially in China and Japan.
Countries, such as China and Japan, are also embracing smart manufacturing, which includes the use of control systems, such as PLC, and SCADA, among others, for various purposes, such as asset monitoring and remote process monitoring. For instance, China aims to establish its intelligent manufacturing system and complete the key industries' transformation by 2025.
Significant demand for consumer electronics devices like smartphones from countries such as China, India, Japan, and Singapore, are encouraging many vendors to set up production establishments in the region. The availability of raw materials and the low establishment and labor costs have also helped companies launch their production centers in the region.
Moreover, the increase support and investment by the state governments for smart factories also aids their growth and, in turn, the usage of wireless sensors.

China is one of the world’s largest car markets and the world’s largest production site for cars, including electric cars, with much growth potential. According to the China Association of Automobile Manufacturers (CAAM), in September 2021, approximately 317,000 commercial vehicles were sold in China. Sales in China accounted for about 32.56% of global motor vehicle sales. In 2020, around 0.25 million plug-in hybrid cars had been sold in China, which increased from less than 0.1 million a few years back.
As these industries account for a significant portion of the wireless sensor market, the region offers an excellent opportunity over the forecast period. The growing concept of connected cars and regulations regarding automotive safety is also expected to drive the adoption of wireless sensors in the region.
The standardization of autonomous driving and advanced driver assistance systems (ADAS) in the region is expected to boost the market. Supportive government regulations aimed at passenger safety, industrial automation, environment monitoring, etc., also make the Asia Pacific substantial buyers of wireless sensors. The Chinese auto market was affected by regulations that mandate the use of TPMS for new vehicles, starting in 2019. The region houses prominent automakers, such as Toyota, Nissan, Honda, Mazda, Mitsubishi, Subaru, and Suzuki, which are potential buyers of the market.

The competitive landscape within the Asia Pacific Wireless Sensor market is moderately saturated as the region is home to multiple players.

May 2020: China is expected to invest an estimated USD 1.4 trillion up till 2025, calling on urban governments and private tech giants like Huawei Technologies Co. to lay fifth-generation wireless networks, install cameras and sensors, and develop AI software that will underpin autonomous driving to automated factories and mass surveillance. Such investments are expected to develop the wireless sensor market in the region.

July 2021: SoftBank Group Corp.'s Vision Fund 2 led a USD 200 million investment in Wiliot Inc., a semiconductor company that is developing ways to gather data in manufacturing and logistics using battery-free, stamp-sized sensor tags.
May 2021: Lutron Electronics launched Vive wireless lighting control system in India, catering to greenfield, brownfield, and new small-scale projects. This premium wireless lighting control system can be installed in single spaces or throughout an entire campus. An increase in such cases is expected to increase the demand for wireless sensors in the region.