The Asia Pacific Battery-free Sensors Market would witness market growth of 28.1% CAGR during the forecast period (2021-2027).
This region is the hub of manufacturing units of numerous companies operating in different industrial verticals like automotive, which is creating demand for various components used in the manufacturing of a wide range of automotive products and consumer electronics. In addition, the increasing disposable income of the consumers is fueling the demand for electronic items, which further augment the growth of the battery-free sensors market.
Moreover, companies in this region are majorly adopting predictive maintenance tools, these tools use battery-free sensors to detect any kind of machine failure before it affects the operations. There are many consumer electronics companies that are heavily investing in R&D to make their products compact and better at performance, which is further estimated to spur the growth of the regional battery-free sensors market in the forecast period.
RFID (radio frequency identification) sensor refers to a device that is utilized to gather data from an RFID tag which is used to monitor individual objects. Battery-free RFID sensor is also known as the wireless RFID sensors, which are utilized to transfer the data or information despite using batteries. This kind of sensor is utilized in numerous applications like structural health monitoring, food quality monitoring, and others.
Further, the emerging economies around the world propel technological developments in the aviation and defense industry. For example, India, an emerging nation in Asia-Pacific, is putting heavy investment in R&D activities and the creation of compact technologies like automatic aerial vehicles, nuclear-powered attack submarines, guided attack missiles, and radars with numerous types of sensors like pressure, temperature, and others. Thus, battery-free wireless sensors with compact sizes, convenience in installation, and various features are highly used in a broad range of applications in the aviation and defense sector.
The China market dominated the Asia Pacific Pressure & Humidity/Moisture Sensors Battery-free Sensors Market by Country 2020, thereby, achieving a market value of $3,864.3 Thousands by 2027. The Japan market is showcasing a CAGR of 27.1% during (2021 - 2027). Additionally, The India market is poised to grow at a CAGR of 28.5% during (2021 - 2027).
Based on Frequency, the market is segmented into Ultra High Frequency, High Frequency and Low Frequency. Based on Sensor Type, the market is segmented into Temperature Sensor, Motion & Position Sensors, Pressure & Humidity/Moisture Sensors, Light Sensors and Others. Based on Industry Vertical, the market is segmented into Automotive, Logistics, Food & Beverages, Healthcare, Oil & Gas, Telecom & IT, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Battery-free Sensors Market is Projected to reach USD 136.5 Million by 2027, at a CAGR of 28%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include On Semiconductor Corporation, Farsens, Axzon (RFMicron, Inc.), Inductosense Ltd., Phase IV Engineering, Powercast Corp., Distech Controls (Acuity Brands Lighting, Inc.), Enocean GmbH (Rutronik), DCO Systems Ltd. and Everactive.
By Frequency
By Sensor Type
By Industry Vertical
By Country
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