Battery-less Sensors Market Worth $ 109 Million by 2026, at a CAGR of 27.6%

[202 Pages] The Battery-less Sensors market categorizes the global market by sensor type (temperature sensors, humidity / humidity sensors, pressure sensors), frequency, industry (automotive, logistics, healthcare, food and beverage) and region. Impact of COVID-19 on the battery-less sensor industry.

According to the new market research report “Battery-less sensors with COVID-19 impact analysis market, by type of sensor (temperature sensors, humidity / humidity sensors, pressure sensors), frequency, industry (automotive, logistics, healthcare, food and drinks) and region – Global forecast for 2026 ″, Global Battery-less Sensors Market Size Expected to Increase from USD 32 Million in 2021 to USD 109 Million by 2026; it is expected to grow at a CAGR of 27.6% from 2021 to 2026. With rapid technological advancements, battery-less sensors are increasingly adopted in IoT applications to improve production efficiency and reduce costs of operation and maintenance as a result of COVID-19. In addition, the ongoing miniaturization of medical and electronic devices and the increasing implementation of automated condition monitoring solutions in smart factories are expected to drive the growth of the battery-less sensors market during the forecast period.

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Temperature sensors were the largest size of the battery-less sensor market in 2020.

The temperature sensor segment held the largest size in the market in 2020. Battery-less sensors are in the initial phase of commercialization. Currently, only a few companies provide battery-less sensors. Among other sensors, temperature sensors are the most common sensors offered by these manufacturers. Temperature sensors account for the largest share due to the high deployment of these sensors by manufacturing and processing industries, such as the oil and gas, food and beverage, and automotive industries, in machinery. difficult to reach or from a distance to monitor machine status. The data collected by these temperature sensors enables effective predictive maintenance programs in industrial facilities to avoid costly downtime. These sensors are also maintenance free, making them preferable for various industrial operations. Also, the average selling price of the non-battery temperature sensor is higher than other types of sensors covered in this report.

Automotive segment expected to contain largest size of battery-less sensors Marlet in 2020.

Automotive segment is expected to hold the largest share of the battery-less sensors market during the forecast period. Automakers around the world are focusing on automating and modernizing their assembly lines. Automakers are adopting battery-less sensors at a rapid pace due to their benefits, such as predicting and preventing equipment failure by improvising the performance and efficiency of assets and equipment at reduced maintenance costs. Battery-less sensors enable predictive maintenance and help efficiently manage assembly operations in the automotive industry. Hence, the automotive industry is expected to capture the largest market share throughout the forecast period. Automotive suppliers (OEMs) and players in the mobility industry are among the most affected by the COVID-19 pandemic. Automotive OEMs increasingly rely on just-in-time manufacturing, which is currently affecting their production capacities and overall exports due to supply chain disruptions.

APAC is expected to be the biggest market for battery-less sensors from 2021 to 2026.

The APAC Battery-less Sensors market is expected to grow at the highest CAGR during the period 2021-2026. Ongoing industrialization, increasing adoption of predictive maintenance tools, and increasing competitive pressure to achieve operational efficiency are fueling the growth of the battery-less sensors market in this region. Expansion of manufacturing activities resulting from the migration of production bases to Asian countries, such as China, India and South Korea, with low labor costs, is driving demand for sensors without battery in the area. However, the COVID-19 outbreak has impacted manufacturing facilities in all verticals across the world, forcing them to shut down. However, production has resumed at a few facilities in China, initiating the manufacture of some essential products.

ON Semiconductor (UK), Farsens (Spain), Axzon (Rfmicron) (US), Inductosense (UK), Phase IV Engineering (US), Powercast (US), Distech Controls (US United States), EnOcean (Germany), DCO Systems (United Kingdom) and Everactive (United States) are among the major players in the battery-less sensor market.

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