Report Scope & Overview:
The Battery-free Sensors Market Size was valued at USD 48.71 million in 2022, and is expected to reach USD 355 million by 2030 and grow at a CAGR of 28.2% over the forecast period 2023-2030.
Sensors that do not require batteries are used to measure, monitor, and record parameters such as humidity, temperature, heat losses, and so on. Essentially, battery-free sensors sense temperature and strain. Sensors that do not require batteries are widely utilized in a variety of sectors, including smart homes and consumer electronics.
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Sensors that do not require batteries operate on the radio frequency concept. With expenditures in development, research, and testing, the battery-free sensors business is predicted to earn moderate income in the next years. However, the market for battery-free sensors is developing and is projected to provide moderate income for important companies in the future years.
Adoption of automated condition monitoring technologies in smart factories is on the rise.
Improving productivity by increasing the installation of battery-free sensors in industrial plants during the COVID-19 scenario.
The growing usage of battery-free sensors in IoT applications to save maintenance costs, along with fast developments in sensing technology, is driving this trend.
High installation costs for sensor networks, as well as fierce pricing competition.
Concerns about data security.
Predictive maintenance methods are widely used in industrial settings.
Government efforts and subsidies have been approved to support IoT projects.
Inability to manage massive data sets due to a lack of understanding.
Market growth will be limited in the first half of 2020 due to supply chain interruptions caused by COVID-19.
IMPACT OF COVID-19:
The battery-free sensor market has had a moderate impact on the COVID-19 epidemic. In the current context of COVID-19, the expected market growth is expected to decline as the epidemic restricts the supply of batteries and other supplies due to severe disruptions to business and the global economy. The current situation has had an impact on the sensory industry. Important parts of the nerves are made mainly in the Asia Pacific. The situation of COVID-19 has exposed the region's over-reliance on essential raw materials, particularly in China. Battery manufacturers in the US, Germany, and Australia have been hit hard by a ban on operations in China and other Asia Pacific countries. It also led to limited production which led to a significant decline in business inputs. Recovery depends on government assistance, as well as corporate debt levels and how companies and markets respond to adjusted demand. After the recovery phase, the market is expected to grow at a significant rate by 2030.
Based on Frequency, the battery-free sensor market is segmented into Low Frequency, High Frequency and Ultra-High Frequency. Most battery-free sensor vendors already provide Ultra-High Frequency (UHF) sensors for a variety of applications. Because UHF sensors may be installed on metal and have far greater read ranges (up to 20 feet) than low-frequency and high-frequency sensors, they are excellent for industrial applications. UHF sensors also allow many sensors to be read by a single reader. As a result, UHF sensors perform effectively in a wireless sensor network. These considerations all play a role in the rising demand for UFH battery-free sensors. Similarly, high-frequency sensors have a sizable market share due to their widespread use in medical devices, cellphones, and supply chain applications.
Based on Industry Vertical, the battery-free sensor market is segmented into Automotive, Logistics, Oil & Gas, IT & Telecommunications, Healthcare, Food & Beverages and Others. During the forecast period, the automotive sector is likely to have the greatest share of the battery-free sensors market. Automobile manufacturers all around the world are concentrating their efforts on automating and upgrading their production processes. Automobile manufacturers are rapidly adopting battery-free sensors due to their benefits, which include the prediction and prevention of equipment failure by improving the performance and efficiency of assets and equipment while lowering maintenance costs. In the automobile sector, battery-free sensors provide predictive maintenance and aid in the effective management of assembly procedures. As a result, the automotive industry is predicted to have the highest market share over the projection period.
BY SENSOR TYPE
Motion and Position Sensors
BY INDUSTRY VERTICAL
Oil & Gas
IT & Telecommunications
Food & Beverages
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The APAC market is predicted to develop at the fastest CAGR between 2023 and 2030. Continuous industrialization, increased usage of predictive maintenance solutions, and increasing competitive pressure to enhance operational efficiency are driving market expansion in this area. The development of industrial operations caused by the relocation of production bases to low-cost Asian nations such as China, India, and South Korea fuels the region's need for battery-free sensors. However, the COVID-19 epidemic has disrupted manufacturing plants in all sectors throughout the world, prompting them to shut down. However, production has resumed at a few Chinese factories, resuming production of some basics.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
The key players in the battery-free sensors market are Advantech, Enocean, On Semiconductor Corporation, Texas Instruments, General Electric, Infineon Technologies, Axzon, Powercast, Inductosense, Farsens & Other Players.
General Electric-Company Financial Analysis
|Market Size in 2022
|US$ 48.71 Million
|Market Size by 2030
|US$ 355 Million
|CAGR of 28.2% From 2023 to 2030
|Report Scope & Coverage
|Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
|• By Type (Programmable (FPGA & PLD) DSP IC, Application-Specific DSP IC, General-Purpose DSP IC)
• By Frequency (Low Frequency, High Frequency, Ultra-High Frequency)
• By Sensor Type (Temperature Sensors, Pressure Sensors, Light Sensors, Humidity/Moisture Sensors, Motion And Position Sensors, Others)
• By Industry Vertical (Automotive, Logistics, Oil & Gas, IT & Telecommunications, Healthcare, Food & Beverages, Others)
|North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Advantech, Enocean, On Semiconductor Corporation, Texas Instruments, General Electric, Infineon Technologies, Axzon, Powercast, Inductosense and Farsens.
|• Adoption of automated condition monitoring technologies in smart factories is on the rise.
• Improving productivity by increasing the installation of battery-free sensors in industrial plants during the COVID-19 scenario.
|• High installation costs for sensor networks, as well as fierce pricing competition.
• Concerns about data security.
The Battery-free Sensors Market size was valued at USD 48.71 million in 2022.
Ans: The Battery-free Sensors Market value is expected to reach USD 355 million by 2030.
The market has been segmented with respect to frequency, sensor type and industry vertical.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.2 Impact on major economies
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Battery-free Sensors Market Segmentation, by Frequency
8.2 Low Frequency
8.3 High Frequency
8.4 Ultra-High Frequency
9. Battery-free Sensors Market Segmentation, by Sensor Type
9.2 Temperature Sensors
9.3 Pressure Sensors
9.4 Light Sensors
9.5 Humidity/Moisture Sensors
9.6 Motion and Position Sensors
10. Battery-free Sensors Market Segmentation, by Industry Vertical
10.4 Oil & Gas
10.5 IT & Telecommunications
10.7 Food & Beverages
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Infineon Technologies
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.4 On Semiconductor Corporation
12.5 Texas Instruments
12.6 General Electric
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share Analysis
13.3 Recent Developments
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