28 Nov '14, 7pm

Chip Market for Wireless Sensor Networks on 23% CAGR

LONDON — The number of Internet connections will grow from 9 billion in 2014 to 100 billion devices by 2020, according to market research firm Radiant Insights (San Francisco). That's twice as many as the estimate from Cisco Systems Inc., which has been widely used by proponents of the Internet of Things (IoT). Radiant's figure represents a compound annual growth rate (CAGR) over the period of about 50 percent. It also four times higher than the 26 billion figure estimated by Gartner. But as a result of this explosion of connectivity the worldwide market for chips supplying wireless sensor networks is set to grow from $2.7 billion in 2013 and reach $12 billion by 2020. This is a CAGR over the period of 23 percent. Radiant predicts that wireless sensor networks will be used to monitor and control very many domestic, urban and industrial systems. As such this promises to pro...

Full article: http://www.eetimes.com/document.asp?doc_id=1324800&_mc=RS...

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