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Data-driven Decision-making and Low-cost Optimization Trends Drive Market Growth
30-Aug-2024
Global
Technology Research
DAF6-01-00-00-00
IT_2024_976
Frost & Sullivan’s analysis indicates that sensor network technology will record immense growth, potentially resulting in billions of connected devices due to constant improvements in enabling technologies, particularly artificial intelligence (AI). Growing demands in multiple industries, including information and communications technology (ICT), manufacturing, automotive, defense, aerospace, consumer electronics, fast-moving consumer goods (FMCG), and energy, will likely boost growth. The technology has diverse applications and is expected to be a core component for other industries to achieve sustainability goals.
We expect sensor networks widely employed currently, including in ICT and environmental monitoring, to expand due to advancements such as high-power edge processors, low-power radio frequency antenna innovations, satellite-based internet connectivity, large data center developments, and AI-based data handling. Cost-effective, smart sensor networks will be in use at a large scale in 5 to 10 years.
Various drivers, like technological and socioeconomic factors, propel growth in the building and industrial automation sectors. Sensor networks operate as the core underlying technology in these areas. Frost & Sullivan anticipates continued innovations in sensor networks for improving accuracy and lowering costs to highly impact the building and industrial automation spaces.
This analysis explores developments in the technology and its impact on the market. It includes the following modules:
• Sensor network overview, architecture, and types
• Enabling technologies of sensor networks
• Regional developments, patents, and funding
• Industry application areas and impact analysis
• Technology adoption model and assessment
• Key business models
• Key partnerships
• Roadmap
• Growth opportunities
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Building and Industrial Automation Sectors
Growth Opportunities Fuel the Growth Pipeline Engine™
Research Methodology
Technology Attractiveness Dashboard
Technology Attractiveness Dashboard (continued)
Technology Attractiveness Dashboard (continued)
Scope of Analysis
Segmentation
Growth Drivers
Growth Restraints
Sensor Network—A Brief Overview
Variability of Sensor Network Architecture Based on Application
Sensor Node—A Generic Architecture
Key Sensor Network Types Based on Significance and Application
Key Sensor Network Types Based on Significance and Application (continued)
Key Sensor Network Types Based on Significance and Application (continued)
Sensor Network Efficiency—The Key Role of Topology Design
Technologies of Impact and Sensor Network Enablers
The Impact of Varying Requirements and Driving Factors on Regional Trends and Sensor Networks
Occupancy Management—A Sensor Network Use Case for Building Automation
Energy Management—A Sensor Network Use Case for Industrial Automation
Potential Adoption and Impact of Sensor Networks at Various Levels
Regulatory Initiatives Impacting Sensor Network Technologies
Sensor Network Technologies Patent Filing Analysis
Key R&D Innovation Themes
Key Business Models for Sensor Network Technologies
Funding Deals and Focus Areas
Significant Partnerships Driving Technological Advancement and Commercial Expansion
Key Drivers for the Adoption of Sensor Networks—The Convergence of Enabling Technologies, Growing ESG Focus, and Changing Global Industrial Landscape
Growth Opportunity 1: Adopt Simple, Reusable, Biocompatible Sensors as Part of a Larger Sustainable Ecosystem
Growth Opportunity 1: Adopt Simple, Reusable, Biocompatible Sensors as Part of a Larger Sustainable Ecosystem (continued)
Growth Opportunity 2: Develop an Energy-harvesting and Low-power RF Devices Ecosystem
Growth Opportunity 2: Develop an Energy-harvesting and Low-power RF Devices Ecosystem (continued)
Growth Opportunity 3: Adopt AI-enabled Advanced Sensing to Allow Increased Software and Reduced Hardware
Growth Opportunity 3: Adopt AI-enabled Advanced Sensing to Allow Increased Software and Reduced Hardware (continued)
Technology Readiness Levels (TRL): Explanation
Benefits and Impacts of Growth Opportunities
Next Steps
Legal Disclaimer
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| Deliverable Type | Technology Research |
|---|---|
| Author | Jacinth Matthew |
| Industries | Information Technology |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Sensor Network Innovations |
| Keyword 2 | Building Automation Sensors |
| Keyword 3 | Industrial Automation Technology |
| Podcast | No |
| WIP Number | DAF6-01-00-00-00 |
Sensor Network Technology Innovations Impacting Building and Industrial Automation Sectors
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