The Global Battery-free Sensors Market size is expected to reach $136.5 Million by 2027, rising at a market growth of 28% CAGR during the forecast period. The swift technological improvements have led to the high adoption of battery-free sensors in IoT applications to enhance production efficiency and decrease operational and maintenance costs. In addition, the continuous miniaturization of medical & electronic gadgets and the increasing deployment of automated condition monitoring solutions within smart factories are estimated to fuel the growth of the battery-free sensors market over the forecast period.
These sensors operate on a radio frequency identification interface (RFID) without using a battery. In addition, the sensor obtains energy from the radio frequency identification reader to supply power to the sensing circuit and then give back the digital information to the radio frequency identification reader. Additionally, battery-free wireless sensors are widely utilized in aerospace & defense, healthcare automotive, consumer electronics, and industrial verticals. The tracking, temperature monitoring, area sensing, security & surveillance, pressure sensing, medical diagnosis, and others are some of the major applications of these sensors. These sensors are easily inserted into the automated electronic systems in comparison to the traditional sensors that affect their demand in the battery-free sensors market.
The outbreak of the global COVID-19 pandemic has significantly impacted the growth of the battery-free sensors market. The imposition of various restrictions like travel ban, partial and complete lockdown has impacted the working of manufacturing units, which created a gap between the demand and supply chain. The severe disruption in the manufacturing process has negatively impacted the growth of the battery-free sensors market. The main components of sensors are majorly manufactured in the Asia Pacific region.
The COVID-19 pandemic has shown the overdependency on the Asia Pacific region, especially China for raw materials. Various manufacturers in Germany, the US, and Australia are extremely impacted by the lockdown imposed in China and other countries of the Asia Pacific region. This has further led to the restricted production of battery-free sensors, which has resulted in declining business inputs. The recovery phase of the nations from the pandemic depends on government assistance along with the level of corporate debt and the way companies and markets manage with the slowdown of demand. Till then, the overall growth of the battery-free sensors market is estimated to witness a decline during the forecast years due to the pandemic.
There are several consumer electronics and medical devices that are embedded with battery-free sensors for carrying out different functions. In addition, manufacturers of these devices are increasingly focusing on reducing the size of their products that helps them in making them compact. These sensors are majorly used in various consumer electronics like smartphones and numerous medical devices.
Predictive maintenance (PdM) is among the main opportunity fields for the battery-free sensors market. This is a crucial tool for transportation, industrial, and healthcare industries. It enables a decrease in the capital and operating costs of Industrial IoT by streamlining proactive servicing and restoration of assets along with enabling more efficient usage of repair resources including human labor and replacement products.
Battery-free sensors are embedded with RFID tags to transfer identified, tracked, and monitored information to the operators. These sensors produce a vast amount of data. For example, in a data center, monitoring the assets like tapes, routers, servers, media, and other devices, produce terabytes of data every day. This enormous amount of data is difficult to handle by the organizations, which may hamper the demand for these sensors in the market.
Based on Frequency, the market is segmented into Ultra High Frequency, High Frequency and Low Frequency. The ultra-high frequency segment is estimated to acquire the maximum share of the market over the forecast period. Presently, the majority of battery-free sensor manufacturers provide ultra-high frequency sensors for a wide range of applications. These kinds of sensors have a broad read range up to 20 feet, which is more than that of low-frequency & high-frequency sensors and can be fixed on metal; thus, ultra-high frequency sensors are the perfect fit for industrial applications.
Based on Sensor Type, the market is segmented into Temperature Sensor, Motion & Position Sensors, Pressure & Humidity/Moisture Sensors, Light Sensors and Others. The temperature sensors dominated the battery-free sensors market with the highest share in 2020. There are only a few companies that are offering these sensors because the battery-free sensors market is still at the early phase of commercialization.
Based on Industry Vertical, the market is segmented into Automotive, Logistics, Food & Beverages, Healthcare, Oil & Gas, Telecom & IT, and Others. the automotive sector is estimated to procure the highest market share during the forecast period. The automotive OEM (original equipment manufacturers) and key players in the mobility sector are severely hit by the COVID-19 pandemic. Automobile OEMs majorly depend on just-in-time manufacturing that is currently affecting their production capabilities and total exports due to the disruption caused in the supply chain.
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 22.1 Million |
| Market size forecast in 2027 | USD 136.5 Million |
| Base Year | 2020 |
| Historical Period | 2017 to 2019 |
| Forecast Period | 2021 to 2027 |
| Revenue Growth Rate | CAGR of 28% from 2021 to 2027 |
| Number of Pages | 257 |
| Number of Tables | 414 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Frequency, Sensor Type, Industry Vertical, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The Asia Pacific emerged as the leading region in the battery-free sensors market in 2020 and is projected to witness the fastest growth rate during the forecast period. This growth is attributed to the factors like increasing adoption of predictive maintenance tools, ongoing industrialization, and rising competitive pressure to gain more operational efficiency.
Free Valuable Insights: Global Battery-free Sensors Market size to reach USD 136.5 Million by 2027
The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; ON Semiconductor Corporation and Distech Controls are the forerunners in the Battery-Free Sensors Market. Companies such as EnOcean GmbH, Axzon Inc., Inductosense Inc. are some of the key innovators in the market.
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 Geography
The battery-free sensors market size is projected to reach USD 136.5 million by 2027.
Increasing adoption of battery-free sensors in various medical and electronic devices are driving the market in coming years, however, difficulty in managing huge data sets limited the growth of the market.
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.
The Asia Pacific market dominated the Global Battery-free Sensors Market by Region 2020, growing at a CAGR of 28.1 % during the forecast period.
The automotive sector is anticipated to obtain the highest share in the market over the forecast period.
The expected CAGR of the battery-free sensors market is 28% from 2021 to 2027.
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