image

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.

Battery-free Sensors Market Revenue 2030

To get more information on Battery-Free Sensors Market - Request Sample Report

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.

MARKET DYNAMICS:

KEY DRIVERS:

  • 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.

RESTRAINTS:

  • High installation costs for sensor networks, as well as fierce pricing competition.

  • Concerns about data security.

OPPORTUNITIES:

  • Predictive maintenance methods are widely used in industrial settings.

  • Government efforts and subsidies have been approved to support IoT projects.

CHALLENGES: 

  • 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.

MARKET SEGMENTS:

BY FREQUENCY

  • Low Frequency

  • High Frequency

  • Ultra-High Frequency

BY SENSOR TYPE

BY INDUSTRY VERTICAL

  • Automotive

  • Logistics

  • Oil & Gas

  • IT & Telecommunications

  • Healthcare

  • Food & Beverages

  • Others  

Battery-free Sensors Market Segment Pie Chart

Need any customization research on Battery-Free Sensors Market - Enquiry Now

REGIONAL ANALYSIS:

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.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The 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

KEY PLAYERS:

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

Battery-Free Sensors Market Report Scope:

Report Attributes Details
Market Size in 2022 US$ 48.71 Million
Market Size by 2030 US$ 355 Million
CAGR CAGR of 28.2% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • 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)
Regional Analysis/Coverage 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)
Company Profiles Advantech, Enocean, On Semiconductor Corporation, Texas Instruments, General Electric, Infineon Technologies, Axzon, Powercast, Inductosense and Farsens.
Key Drivers • 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.
Restraints • High installation costs for sensor networks, as well as fierce pricing competition.
• Concerns about data security.

Frequently Asked Questions

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. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia War

4.3 Impact of Ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 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

8.1Introduction

8.2 Low Frequency

8.3 High Frequency

8.4 Ultra-High Frequency

9. Battery-free Sensors Market Segmentation, by Sensor Type

9.1Introduction

9.2 Temperature Sensors

9.3 Pressure Sensors

9.4 Light Sensors

9.5 Humidity/Moisture Sensors

9.6 Motion and Position Sensors

9.7 Others

10. Battery-free Sensors Market Segmentation, by Industry Vertical

10.1 Introduction

10.2 Automotive

10.3 Logistics

10.4 Oil & Gas

10.5 IT & Telecommunications

10.6 Healthcare

10.7 Food & Beverages

10.8 Others  

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

12. Company Profiles

12.1 Infineon Technologies

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Advantech

12.3 Enocean

12.4 On Semiconductor Corporation

12.5 Texas Instruments

12.6 General Electric

12.7 Axzon

12.8 Powercast

12.9 Inductosense

12.10 Farsens

13. Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share Analysis

13.3 Recent Developments

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

Start a Conversation

Hi! Click one of our member below to chat on Phone