Global Battery Free Sensors Market

Global Battery-free Sensors Market, By Frequency (Low Frequency, High Frequency, Ultra High Frequency), By Sensor Type (Temperature Sensors, Humidity/Moisture Sensors, Pressure Sensors, Motion And Position Sensors, Light Sensors, Other Sensors), By Application (Food Quality Monitoring, Supply Chain Management, Condition Monitoring, Building Automation, Data Centers), By End User (Automotive, Logistics, Healthcare, Oil & Gas, Food & Beverages, IT And Telecommunications, Others), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2021-2027

  • Published Date: October 2021
  • Report ID: BWC21116
  • Available Format: PDF
  • Page: 150

Report Overview

Global battery-free sensors market is flourishing at a high rate because of the driving factors such as growing adoption of battery-free sensors in the IoT applications along with its use in medical and consumer electronic products such as wearables.

Global Battery-free Sensors Market- Industry Trends & Forecast Report 2027

Global battery-free sensors market is estimated to reach USD 43.1 million in 2021 and is further projected to reach USD 132.1 million by the year 2027, growing at a CAGR of 20.6% in the forecast period. As the market grows rapidly, several key factors are driving the market, including the growing use of battery-free sensors in IoT applications and wearable electronics as medical technology. Furthermore, technological advancements and the development of small and compact devices will likely boost the global battery-free sensors market in the forecast period.

Battery Free Sensors Market

Source: BlueWeave Consulting

Global Battery-free Sensors Market- Overview

Battery-free sensors are widely used for measuring temperature, gauge distance, detect smoke, regulate pressure, etc. Having battery-free sensors proves to be an asset to many industries. For instance, in the logistics industry, battery-free sensors make it possible to keep track of inventory more effectively, reducing the risk of inventory loss during transport. These sensors are powered through electromagnetic waves, which they receive from powered devices they are connected to, rather than by an external power supply. As opposed to devices powered by batteries, these sensors have very low power requirements because they can convert waves into energy to power themselves.

Global Battery-free Sensors Market Forecast and Trends

Growth Drivers

Increasing Use of the IoT in Industrial Applications

The Internet of Things and battery-free sensors are widely used by manufacturing and supply chain companies. It is one of the major driving factors for the global battery-free sensors market. With the constant development of miniature IoT sensors, the manufacturers of the goods are equipping the products with these sensors to track them when they leave the production houses and warehouses. The sensors can also offer AI-assisted ordering, allowing consumers, manufacturers, and retailers to estimate demand and supply accurately. This has led to a rise in the demand for battery-free sensors.

Growing Use of Battery-Free Sensors in Medical Devices

The growing use of battery-free sensors in medical devices is emerging as a significant growth factor for the global battery-free sensors market. Battery-free sensors help implantable medical device manufacturers to make their devices more compact in size. The immune system is less likely to be harmed by this. The fact that electromagnetic waves power battery-free sensors also means that the chances of medical devices running out of batteries are completely nil, which can cause severe complications in certain devices, such as pacemakers.

Restraints

Data Security Threats in IoT Devices

The battery-free data sensors in IoT devices collect enormous amounts of data, transfer it, and store it in connected devices, mainly smartphones. The data is also vulnerable to hacking and malware, and spyware attacks. Thus, battery-free sensors have a limited adoption rate. Several crucial business decisions are made based on the data collected by battery-free sensors. Therefore, data theft could adversely affect the market if security measures do not completely protect the IoT infrastructure.

Impact of COVID-19 on the Global Battery-free Sensors Market

The unprecedented outbreak of the COVID-19 has significantly halted the operations of several industries, such as manufacturing and production, automotive, oil and gas, etc. The economic crisis brought on by a global pandemic is predicted to impact the industry long-term. As a result of this situation, the global market for battery-free sensors has stagnated. Because supply chains were temporarily interrupted during COVID-19, and imports and exports were fully suspended due to the virus's proliferation, demand for battery-free sensors plummeted substantially, causing the market to shrink.

Global Battery-free Sensors Market - By Frequency

Based on frequency, the global battery-free sensors market is segmented into low frequency, high frequency, and ultra-high frequency. Among these segments, the ultra-high frequency segment holds the largest market share as they are capable of reaching a wider range as compared to other frequency types. Furthermore, ultra-high frequency prevents lost or missing connections, which could potentially delay operations. Thus, they are widely used for industrial purposes, especially in manufacturing. The prominent use of ultra-high frequency in medical devices, smartphones, wearables, etc., also fuels its market growth.

Global Battery-free Sensors Market - By Sensor Type

Based on sensor types, the global battery-free sensors market is categorized into temperature sensors, humidity/moisture sensors, pressure sensors, motion and position sensors, light sensors, and other sensors. Temperature sensors have the largest market share among these segments. They are widely used in industries such as oil & gas, food & beverage, automotive, etc., to monitor and track specific temperatures for articles or commodities. An example of this is the RFM3200 wireless battery-free temperature sensor. The flexible sensor can be used in a wide range of applications to measure the temperature of materials and the environment. Typical applications include monitoring environmental temperatures, observing data center chillers, monitoring bulk materials, as well as cold chain monitoring at major shipping centers

Global Battery-free Sensors Market - Regional Insights

Geographically, the global battery-free sensors market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Europe accounts for the largest market share among these regions, with the highest adoption of IoT technologies for various purposes. Increasing purchasing power and ease of access to these technologies are major factors driving the market in European countries. On the other hand, the Asia-Pacific region also holds a substantial share in the battery-free sensors market. The region is expected to witness the highest CAGR during the forecast period due to the flourishing industrialization.

Regional Insights

Source: BlueWeave Consulting

Competitive Landscape

The leading players in the global battery-free sensors market are ON Semiconductor, Farsens, Axzon, Inductosense, BVM Medical Limited, Phase IV Engineering, Powercast, Distech Controls, EnOcean, DCO Systems, Everactive, Texas Instruments, Inc., Omni-ID, Identiv, General Elective, Zebra Technologies, Fuji Electric Co. Ltd., Metal Craft, Gao Group, and other prominent players.

The market is highly fragmented, with several companies offering advanced battery-free sensors technologies. These companies focus on product approvals and launch through R&D activities with advanced technologies and innovations. Furthermore, the adoption of competitive strategies like partnerships, mergers, acquisitions, collaborations, etc., is also very prominent in the market.

Recent Developments

  • In July 2021, SoftBank Group Corp.’s Vision Fund announced the investment of USD 200 million in Wiliot, Inc., a semiconductor company, focused on gathering data for manufacturing and logistics using battery-free, stamp-sized sensor tags.
  • In June 2021, Everactive, Inc., a US-based IoT startup, announced the creation of battery-free sensors to handle low-intensity IoT tasks, which can eliminate the need for batteries or power cables.

Scope of the Report

Attributes

Details

Years Considered

Historical data – 2021-2027

Base Year – 2021

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Million

Market Coverage

U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia

Product Service/Segmentation

By Frequency, By Sensor Type, By Application, By End User, By Region

Key Players

ON Semiconductor, Farsens, Axzon, Inductosense, BVM Medical Limited, Phase IV Engineering, Powercast, Distech Controls, EnOcean, DCO Systems, Everactive, Texas Instruments, Inc., Omni-ID, Identiv, General Elective, Zebra Technologies, Fuji Electric Co. Ltd., Metal Craft, Gao Group, and other prominent players.

By Frequency

  • Low Frequency
  • High Frequency
  • Ultra-High Frequency

By Sensor Type

  • Temperature Sensors
  • Humidity/Moisture Sensors
  • Pressure Sensors
  • Motion And Position Sensors
  • Light Sensors
  • Other Sensors
  1. Image Sensors
  2. Ultrasonic Sensors
  3. Vibration Sensors

By Application

  • Food Quality Monitoring
  • Supply Chain Management
  • Condition Monitoring
  • Building Automation
  • Data Centers

By End User

  • Automotive
  • Logistics
  • Healthcare
  • Oil & Gas
  • Food & Beverages
  • IT & Telecommunications
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

Frequently Asked Questions:

Ans: The global battery-free sensors market is estimated to reach USD 43.1 million in 2021.
Ans: The major factors driving the growth of the global battery-free sensors market are; expanding use of IoT in industrial applications and growing use of battery-free sensors in medical devices.
Ans: The key players in the global battery-free sensors market are: ON Semiconductor, Farsens, Axzon, Inductosense, BVM Medical Limited, Phase IV Engineering, Powercast, Distech Controls, EnOcean, DCO Systems, Everactive, Texas Instruments, Inc., Omni-ID, Identiv, General Elective, Zebra Technologies, Fuji Electric Co. Ltd., Metal Craft, Gao Group, and other prominent players.
Ans: The automotive segment accounted for the largest share in the global battery-free sensors market.
Ans: Europe has the largest share in the global battery-free sensors market.