Global wireless temperature sensors market valued at 15.09 million units in 2019

The global wireless temperature sensors market  was valued at 15.09 million units in 2019. It is expected to register a CAGR of about 7%, during the period of 2020- 2025.

The adoption of process and monitoring automation in the industrial operations is the major driver augmenting the demand for wireless sensors in asset monitoring, security, and quality assurance. The improved reliability of networked equipment with communication technology advancements is a significant factor driving the market for wireless temperature sensors.

Wireless temperature sensors are small-sized. The low-cost wireless communication enabled sensors are deployed to build various temperature monitoring and control networks used in diverse fields, like industrial automation, process control, patient monitoring systems, asset tracking, internal, external climate sensing, etc.

Increasing investments in the industry to innovate and develop new sensor technologies and upgrading existing infrastructure to support and integrate technologies, like IoT and automation, have been the primary trends impacting the industry on a global scale.

Wireless temperature sensors are also vital in smart grids for remote monitoring of power lines and transformers. They are put into service to monitor line temperature and weather conditions. Industrial automation and demand for miniaturized consumer devices, such as wearables and IoT-connected devices, among others, across regions, are among the significant factors driving the wireless temperature sensors market.

Due to the outbreak of COVID-19, the global supply chain and demand for multiple products have been disrupted, owing to which wireless temperature sensors adoption is expected to be influenced until the end of 2020. However, the growing demand for medical applications is driving the market growth. Various players in the market are investing and collaborating to cater to the requirements.

For instance, In April 2020, Semtech and Polysense Technologies have joined forces to develop a series of human body temperature monitoring devices based on Semtech's LoRa LPWAN. The sensors provide real-time data to frontline healthcare workers and quickly screen individuals with a high temperature, one of the most common symptoms of COVID-19.