IoT Sensors Market to Expand at a CAGR of 23.9% by 2027 - Lead by Analog Devices, ARM Holdings, Broadcom, Honeywell International, Infineon Technologies AG and NXP Semiconductors N.V.
IoT sensors market accounted to US$ 9.46 Bn in 2018 and is expected to grow at a CAGR of 23.9% during the forecast period 2019 – 2027, to account to US$ 65.79 Bn by 2027.
Worldwide IoT Sensors Market Analysis to 2027 is a specialized and in-depth study of the IoT Sensors Industry with a focus on the global market trend. The report aims to provide an overview of global IoT Sensors Market with detailed market segmentation by product/application and geography. The global IoT Sensors Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status of the IoT Sensors players and offers key trends and opportunities in the market.
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Top Dominating Key Players:
• 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.
• Texas Instruments Incorporated
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.
• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global IoT Sensors Market
• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa).
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
Global IoT Sensors Market - By Connectivity Type
Global IoT Sensors Market - By Application
• Consumer Electronics
• Building Automation
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Reason to Buy:
• 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 IoT Sensors, thereby allowing players 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 products, segmentation and industry verticals.
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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