The Battery Free Sensors Market is expected to grow from USD 22 million in 2020 to USD 109 million by 2026 at a CAGR of 27.6% from 2020 to 2026.
Battery free sensor operates on radio frequency identification interface without a battery. This sensor collects energy from the radio frequency identification reader to power the sensing circuit and then displays the digital data to the radio frequency identification reader. Battery free sensors are used in aerospace & defense, automotive, consumer electronics, healthcare and industrial verticals. The applications are temperature monitoring, tracking, medical diagnosis, pressure sensing, area sensing, security & surveillance and others. Surge in demand for thin sleek electronic devices among industry verticals such as industrial, healthcare and others, ease of operation as well as minimum maintenance of devices, increase in demand for wireless sensing devices owing to the rapid digitization, are the key driving factors of the battery-free wireless sensor industry. For example, the several benefits provided by battery free sensors are simple, battery-free platform for the constant monitoring of the physiological health across the healthcare segment. Also, they are utilized for fitness/wellness tracking, awareness and cognitive state assessment, and human machine interfaces. Therefore, wide range of applications across healthcare influences the complete demand in battery free sensor market. In addition, battery free sensors are also used in manufacturing, defense, automotive, consumer electronics and other departments. These are utilized in assembly line for error detection to improve efficiency and productivity, automate the shop floor process, and others. The advancements in trends which include industrial IoT, automation & control, device integration, are beneficial for the battery free sensor market. The IoT connects the entire digital system using smart net which enables remote monitoring, remote sharing information and diagnostic; therefore, offering easy access to information for analysis and rectification in the industrial process to obtain proficiency. Also, increase in economies across the world boosts the technological advancements in the aviation and defense vertical. The rising use of digital technology and also government’s initiatives to encourage digitalization across several developing nations has surged the demand of battery free wireless sensor in the battery free sensor market. Apart from that, huge set up costs incurred in the installation of sensor networks and intense price competition will restrict the market growth.
Furthermore, the predictive maintenance (PdM) is one of the significant opportunity areas for the battery free sensors market. It is a prominent tool for industrial, transportation and healthcare verticals. PdM supports minimize the operating and capital costs of Industrial IoT (IIoT) by enabling proactive servicing and repair of assets while enabling more efficient use of repair resources both human labor and replacement products.
The global Battery Free Sensors Market is segregated on the basis of Frequency as Low Frequency, High Frequency and Ultra High Frequency. Based on Sensor Type the global Battery Free Sensors Market is segmented in Temperature Sensors, Humidity/Moisture Sensors, Pressure Sensors, Motion and Position Sensors, Light Sensors and Others. Based on Industry the global Battery Free Sensors Market is segmented in Automotive, Logistics, Healthcare, Oil & Gas, Food & Beverages, IT & Telecommunications and Others.
The global Battery Free Sensors Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Battery Free Sensors Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
Alien Technology, Axzon (Rfmicron, Inc.), Bridg Inc., CAEN RFID S.R.L., DCO Systems Ltd. and others are among the major players in the global Battery Free Sensors Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global Battery Free Sensors Market has been segmented as below:
Battery Free Sensors Market, By Frequency
Battery Free Sensors Market, By Sensor Type
Battery Free Sensors Market, By Industry
Battery Free Sensors Market, By Region
Battery Free Sensors Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global Battery Free Sensors Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Battery Free Sensors Market share. Major industry players with significant revenue share include Alien Technology, Axzon (Rfmicron, Inc.), Bridg Inc., CAEN RFID S.R.L., DCO Systems Ltd. and others.
Why to Buy this Report:
Target Audience:
1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Battery Free Sensors Market, By Frequency
5.1. Key Points
5.2. Low Frequency
5.3. High Frequency
5.4. Ultra High Frequency
6. Battery Free Sensors Market, By Sensor Type
6.1. Key Points
6.2. Temperature Sensors
6.3. Humidity/Moisture Sensors
6.4. Pressure Sensors
6.5. Motion and Position Sensors
6.6. Light Sensors
6.7. Others
7. Battery Free Sensors Market, By Industry
7.1. Key Points
7.2. Automotive
7.3. Logistics
7.4. Healthcare
7.5. Oil & Gas
7.6. Food & Beverages
7.7. IT & Telecommunications
7.8. Others
8. Competitive Landscape
8.1. Introduction
8.2. Start-up companies- Battery Free Sensors Market
8.3. Recent Developments
8.3.1. Mergers & Acquisitions
8.3.2. New Product Developments
8.3.3. Portfolio/Production Capacity Expansions
8.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
8.3.5. Others
9. Company Profile
9.1. Alien Technology
9.2. Axzon (Rfmicron, Inc.)
9.3. Bridg Inc.
9.4. CAEN RFID S.R.L.
9.5. DCO Systems Ltd.
9.6. Distech Controls
9.7. Enocean GmbH
9.8. Everactive
9.9. Farsens
9.10. Fuji Electric Co., Ltd
9.11. GA0 Group
9.12. General Electric
9.13. Identiv
9.14. Impinj
9.15. Inductosense Ltd.
9.16. Infineon Technologies Ag
9.17. Metalcraft
9.18. NXP Semiconductors
9.19. ON Semiconductor
9.20. Omni-ID
9.21. Phase IV Engineering
Battery Free Sensors Market, By Frequency
Battery Free Sensors Market, By Sensor Type
Battery Free Sensors Market, By Industry
Battery Free Sensors Market, By Company