The Europe Battery-free Sensors Market would witness market growth of 27.5% CAGR during the forecast period (2021-2027).
The automotive industry in this region is strong that influences the regional demand for battery-free sensors. The presence of key automotive giants like Volkswagen is supporting the growth of the regional battery-free sensors market in the coming years. Additionally, the high awareness about the latest and advanced components among the companies along with the increasing investment in R&D are propelling the growth of the regional market.
Moreover, governments of several European nations are taking initiatives to boost digitalization across the region, which would fuel the regional growth of the battery-free sensors market. The healthcare sector is becoming advanced and is adopting numerous modern medical devices in the healthcare facilities that are estimated to spur the growth of the regional battery-free sensors market.
Factors like the growing demand for sleek electronic gadgets across various verticals like industrial, healthcare, & others; increasing demand for wireless sensing devices owing to the swift digitization, and convenience of operation; and low maintenance of devices, are estimated to propel the growth of the battery-free sensors market. Several benefits of battery-free sensors such as a simple, battery-free platform for the consistent tracking of physiological health have increased their adoption across the healthcare industry. In addition, these sensors are utilized for awareness & cognitive state assessment, fitness/wellness monitoring and human-machine interfaces. Therefore, there are a broad variety of applications across the healthcare sector, which would augment the overall demand for battery-free wireless sensors in the market.
Moreover, these sensors find potential applications in different industries like consumer electronics, automotive, manufacturing, defense, and other departments. Also, they are utilized in the assembly line for error detection to boost productivity and efficiency, automatize the shop floor process, and others. The trends like automation & control, industrial IoT, and device integration are changing and offering numerous benefits for the battery-free wireless sensor market. The IoT links the whole digital system utilizing a smart net, which enables remote information sharing, remote monitoring, and diagnostic and hence, offering easy access to data for analysis and rectification in the industrial procedure to gain proficiency.
The Germany market dominated the Europe Battery-free Sensors High Frequency Market by Country 2020, thereby, achieving a market value of $3,283.2 Thousands by 2027. The UK market is exhibiting a CAGR of 26.9% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 28.7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Battery-free Sensors Market Size will Hit $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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