The North America Battery-free Sensors Market would witness market growth of 27.8% CAGR during the forecast period (2021-2027).
The adoption rate of various latest technologies, devices, and solutions in this region is high, which is creating lucrative opportunities for the key market players in the coming years. In addition, the strong healthcare structure of developed nations like the US and Canada is accelerating the demand for medical devices, which would further bolster the regional growth of the battery-free sensors market in the coming years.
Manufacturers of various devices across different industrial verticals like automotive, retail, healthcare, aerospace and defense, are using these sensors to make compact devices with higher performance. This would increase the adoption of battery-free sensors in this region. Additionally, the usage of a wide range of IoT applications is opening new growth avenues for the market players to grab the opportunity and make full use of it.
The growth of the battery-free sensors would witness bright prospects due to the surge in adoption rate of digital technology and increasing government initiatives to encourage digitalization across numerous emerging countries. Conversely, the growth of the market is expected to hamper due to the compatibility and operational bandwidth of these sensors. The players operating in the market is expected to witness new growth avenues due to the increasing investment in developing smart cities by several well-established and emerging countries.
Due to the surge in demand for food monitoring and logistics, the battery-free RFID sensors have achieved high popularity. These sensors provide exceptional reliability due to low maintenance-free solutions & application flexibility. In addition, there are numerous enterprises that are consistently focusing on integrating such kinds of sensors with IoT to recognize their real-time location that is projected to augment the battery-free RFID sensor market.
The US market dominated the North America Telecom & IT Battery-free Sensors Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,047.1 Thousands by 2027. The Canada market is experiencing a CAGR of 32.8% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 31.6% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Battery-free Sensors Market is Estimated 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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