IoT sensors market is estimated to reach US$ 65.79 Bn by 2027 | include Analog Devices, Inc., ARM Holdings PLC, Broadcom
A substantial increase in the adoption of IoT sensors in diverse industries will drive the market in near future
Latest market study on “IoT Sensors Market to 2027 by Type (Temperature Sensor, Light Sensor, Pressure Sensor, Chemical Sensor, Motion Sensor, and Others); Connectivity Type (Wired and Wireless); and Application (Consumer Electronics, Building Automation, Healthcare, Automotive, Industrial, Retail, and Others) – Global Analysis and Forecast”, IoT sensors market is estimated to reach US$ 65.79 Bn by 2027 from US$ 9.46 Bn in 2018. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
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The advent of IoT has enabled each device to be connected over the internet and the rising adoptions globally would result in more than billions of devices connected over the internet. Also, validating to the above mentioned point is the fact that the data traffic rate on a global level, has grown at an annual rate of more than 65% over the last five years. Also, between 2018 and 2023, the data traffic is anticipated to grow at a compound annual growth rate of close to 40 percent. This exponential growth in data traffic over the internet is out rightly attributed to the growing penetration of smartphones and other consumer electronic devices that can be connected over the internet as a result of the growing popularity of IoT. It is estimated that each individual will have close to a dozen number of devices that would be connected over the internet by 2020. Huge populations of India and China are further proliferating the growing penetration of smart phones and other consumer electronic devices. Additionally, the Government initiatives towards digitalization of economies in these countries is leading to exponential growth of data traffic over the internet in these countries and also on a global scale for other developing economies.
The global market for IoT sensors is segmented on various parameters such as type, connectivity type, application, and geography. Based on type, the pressure sensor segment dominated the IoT sensors market. On the basis of connectivity type, wired IoT sensors led the overall IoT sensors market.
The IoT sensors market operates in an extremely fragmented industry with huge number of smaller players capturing major market chunk. Key players operating in the market are offering attractive services and solution so as to gain customer traction. The major companies offering IoT sensors to different industries include Analog Devices, Inc., ARM Holdings PLC, Broadcom, Inc., Honeywell International, Inc., Infineon Technologies AG, NXP Semiconductors N.V., Omron Corporation, Robert Bosch Gmbh, STMicroelectronics N.V., and Texas Instruments Incorporated among others. Several other companies are also offering these products to different industries which is facilitating the IoT sensors market to propel over the years.
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The report segments the global IoT sensors market as follows:
Global IoT Sensors Market – By Type
Temperature sensor
Light Sensor
Pressure Sensor
Chemical Sensor
Motion Sensor
Others
Global IoT Sensors Market – By Connectivity Type
Wired
Wireless
Global IoT Sensors Market – By Application
Consumer Electronics
Building Automation
Healthcare
Automotive
Industrial
Retail
Others
Global IoT Sensors Market – By Geography
North America, U.S., Canada, Mexico, Europe, France, Germany, Italy, Spain , UK, Russia, Rest of Europe, Asia Pacific (APAC), China, India, Japan, South Korea, Rest of APAC, Middle East and Africa (MEA), South Africa, Middle East, Rest of MEA, South America (SAM), Brazil, Argentina, Rest of SAM
TABLE OF CONTENTS
1. INTRODUCTION
1.1 SCOPE OF THE STUDY
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3 MARKET SEGMENTATION
1.3.1 Global IoT Sensors Market – By Type
1.3.2 Global IoT Sensors Market – By Connectivity Type
1.3.3 Global IoT Sensors Market – By Application
1.3.4 Global IoT Sensors Market – By Geography
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
3.1.1 Coverage
3.1.2 Secondary Research
3.1.3 Primary Research
4. IOT SENSOR MARKET LANDSCAPE
4.1 MARKET OVERVIEW
4.2 ECOSYSTEM ANALYSIS
4.3 PEST ANALYSIS
4.3.1 North America – PEST Analysis
4.3.2 Europe PEST Analysis
4.3.3 ASIA PACIFIC PEST Analysis
4.3.4 Middle East & Africa PEST Analysis
4.3.5 South America PEST Analysis
5. IOT SENSOR MARKET – KEY INDUSTRY DYNAMICS
5.1 KEY MARKET DRIVERS
5.1.1 Proliferation of IoT and connected devices
5.1.2 Growth in consumer electronics
5.2 KEY MARKET RESTRAINTS
5.2.1 Growing security concerns
5.3 KEY MARKET OPPORTUNITIES
5.3.1 Advent of connected cars
5.4 FUTURE TRENDS
5.4.1 Integration of advanced technologies
5.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
To Be Continued…
Reason to Purchase
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global IoT sensors market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the global IoT sensors market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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