openPR Logo
Press release

IoT Sensors Market: Quantitative Market Analysis, Current and Future Trends

06-20-2018 07:59 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
IoT Sensors Market: Quantitative Market Analysis, Current

The global IoT sensors market is a highly competitive one with many leading companies competing against each other with variety of products, states Transparency Market Research (TMR) in a research report. The players in the market are working hard and are striving to gain a competitive edge over each other through the creation of novel and technologically advanced IoT sensors that will cater to the unmet needs of the consumers across the globe.

The companies are incessantly focusing on research and development projects to present the market with the onset of competition and the urge to produce better products taking a huge turn. The leading companies in the market are Digi International Inc., ARM Holdings Plc., Libelium, InvenSense Inc., Ericsson, Honeywell International Inc., Robert Bosch GmbH, IBM, STMicroelectronics N.V., and Infineon Technologies.

Read Comprehensive Overview of Report https://www.transparencymarketresearch.com/iot-sensors-market.html

According to a TMR analyst, “The global market for IoT sensors is expected to witness an outstanding 24.5% CAGR from 2015 to 2023. In 2014, the market was worth US$4.90 bn and is projected to rise to a valuation of US$34.75 bn by the end of 2023.”

Consumer Electronics to Remain Dominant Application Segment

In terms of applications, the global market for IoT sensors has been segmented into healthcare, consumer electronics, automotive, building automation, industrial, and retail. Consumer electronics surfaced as the leading contributor to the global market in 2014. Growing demand for consumer electronics such as smartphones, smart TV, and smart home appliances sets are fuelling the adoption of the approaches related to IoT and are getting linked. In entertainment electronics segment, IoT sensors assist users for establishing elastic media usage.

Furthermore, growing awareness among customers and mounting demand for reasonable consumer electronics has led to the formation of promising circumstances for the consumer electronics market in developing regions such as the Middle East and Africa and countries like India. This is anticipated to present encouraging growth prospects to the global market in the years to come.

Brochure for latest technological advancements https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=9428

Region-wise, the market for IoT sensors has been classified into Europe, Asia Pacific, North America, and the Rest of World. North America held the leading share of the global market in 2014 and was closely trailed by Europe. In 2014, these two regions collectively held over 60% of the global market. On the other hand, is expected to be the leading region in terms of growth in the global IoT sensors market over the forecast period.

The rising demand of IoT sensors for being used in several smart consumer merchandises and also in the healthcare industry has been having a positive effect on the progress of the market. Governments of the several developing countries such China, India, and South Korea are inflowing into numerous public and private collaborations for the expansion of its cloud services through its data and IoT center developments, thus bolstering the growth of this particular market in Asia Pacific.

Request For Custom Research https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=9428

Mounting Demand for Wearable Devices to Encourage Market Growth

The global IoT sensors market is expected to be the spectator of widespread growth over the upcoming years due to the rising market for smart devices and wearable and also due to the stable development of smaller, inexpensive, and smarter IoT sensors. The increasing demand for IoT sensors in real time applications, placement of Ipv6, and compassionate rehe sourcefulness provided by governments are further anticipated to fuel the demand for the IoT sensors due to swift development of the healthcare infrastructure worldwide. Nevertheless, multifaceted architecture and bandwidth connected limitations are expected to inhibit the growth of the global IoT sensors market, predominantly in the regions where high-speed internet facilities are not available.

The study presented here is based on a report by Transparency Market Research (TMR), titled, “IoT Sensors Market (By Type - Accelerometers, Gyroscopes, Magnetometers, Pressure Sensors, Temperature Sensors, Light Sensors, Others, By Application - Consumer Electronics, Healthcare, Automotive, Industrial, Building Automation, Retail and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.”

About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Transparency Market Research
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release IoT Sensors Market: Quantitative Market Analysis, Current and Future Trends here

News-ID: 1091149 • Views:

More Releases from Transparency Market Research

Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 - Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth. Uncover essential discoveries and trends from
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Radiopharmaceuticals to Propel Market Expansion | Transparency Market Research, Inc
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth. Discover essential conclusions and data from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100 Analysts' Viewpoint The Technetium‐99m
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to US$ 280 Million by 2030, Driven by Rising Equine Diseases and Diagnostic Advancements
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of 6.1%
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,

All 5 Releases


More Releases for IoT

IOT Adoption Drives IoT insurance Market Growth: Pivotal Factor Influencing IoT …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations. IoT Insurance Market Size Growth Forecast: What to Expect by 2025? The market size of Internet of Things (IoT) insurance has seen an explosive growth in the past few years. It is projected to rise from $100.02 billion in 2024 to a staggering $153.89 billion in 2025, experiencing a compound annual growth rate (CAGR)
Narrowband IoT (NB-IoT) Market Advancements in NB-IoT Connectivity Management Pl …
Numerous factor such as due to rapid development in IoT industry and rising demand of new cellular communication technology which are integrated to IoT low power wide area applications drives the growth of the market globally. moreover, increasing demand for navigation, telematics and in-car infotainment services in automotive & transportation industry is fueling the market of NB-IoT globally. However, licensing costs of NB-IoT are hindering the growth of narrowband-
IoT Edge Computing Software Market 2023 | SAS, IBM, EdgeIQ, AWS, Azure IoT Edge, …
Market Overview - The information made available in the IoT Edge Computing Software report will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. This will at last increase the return rate and drive the competitive edge within. Being a custom market report, it provides services tailored to the exact challenge. Whether it is survey work, in-depth interviewing, or
IoT Cloud Market Next Big Thing | Major Giants Oracle, AWS IOT, IBM Watson IoT, …
COVID-19 Outbreak-Global IoT Cloud Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the COVID-19 Outbreak-Global IoT Cloud Market. Some of the key players profiled
Narrowband IoT (NB-IoT) Market Future Adoption Overview 2025
The report titled "Global Narrowband IoT (NB-IoT) Market Size, Status and Forecast 2025, Trends, Share, Size Research Report " offers a primary impression of the Narrowband IoT (NB-IoT) industry covering different product Scope, Characterizations, Classifications, Objectives, and Participants in the industry chain structure. This report profiles major 15 topmost manufactures operating like ( Vodafone, China Unicom, China Telecom, AT&T, Etisalat, Telstra, Orange, Telefonica, SK Telecom, Deutsche Telekom  -  for complete manufactures list, please
Blockchain In IOT Market Business Growth Statistics And Key Players Insights Blo …
Research N Report has released a new report on the “global Blockchain in IOT Market”. This report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every side of the market. "Blockchain in Internet