As it currently stands, the global semiconductor wireless sensor network market stands at $2.7 billion. In six years, by 2020, the market is expected to reach $12 billion.
According to a report at Azo Sensors, wireless sensors are set to expand the market by working in tandem with solid state batteries, smart phone technology, and energy harvesting technology. Most notably, the rise in the number of smartphones worldwide, to 9 billion by 2020, will create a demand for applications that utilize and depend on sensor networks.
Sensors are becoming important parts of everyday monitoring in a variety of sectors. They can monitor devices within the Internet of Things, home appliances and devices, security devices, and medical devices. These sorts of systems can be used to drive everything from energy savings in homes, such as through smart thermometers, to medical devices that monitor a patient's health while he or she is in the hospital.
In the former case, users can control their Internet-connected home devices from any remote locations at which they also have Internet access. They can control the temperature of their homes by turning heat and air conditioning on and off or even set systems to control temperature automatically. With advanced security systems, they can even monitor their properties by viewing live statistics or checking out remote video feeds.
Doctors can monitor their patients' health outcomes, as well, directly from their smart mobile devices. They can look up medical records available to them in the cloud and view data associated with hardware that delivers, for example, medicine on regular schedules or monitors heart rhythms.
The number of devices connected to the Internet -- many through wireless networks -- will also rise alongside the semiconductor network market. Approximately nine billion devices are connected this year; by 2020, that figure should reach 100 billion. Obviously, that will create a glut of big data that could overwhelm users, but it could also feed the analytics market that could take advantage of the deluge of data and further improve peoples' home lives, medical outcomes, and countless other markets.