Despite current corporate belt tightening and reduced venture capital, revenues for the wireless sensor industry could reach $101.1 million in 2008, according to a new study by independent research group Frost & Sullivan. Revenues topped out at 24 million in 2001, but the study points out that investors are still impressed by the demonstrated reliability of core applications.
Laurel Donoho, senior consulting analyst for Frost & Sullivan predicts that end users will test the technology in non-critical applications until satisfied with their performance. The study, “The North American Wireless Sensors Markets,” highlights the technology’s benefits, including adaptability to different operations and higher safety, but also points out that the shortage of field proof will likely slow down the adoption of any new technology in the near future.
Donoho is confident that the technology will gain acceptance, though. “The concept of wireless sensing is one of the most fascinating and promising areas of sensor technology – the potential for industrial, commercial, and consumer uses boggles the mind,” she says. “Once convinced of its performance, adoption in a wider array of uses should start.” The complete study is available from the Frost & Sullivan's Web site.
