Global IoT Sensors Market Research Report 2019: Key Players - Texas Instruments , TE Connectivity, Broadcom, NXP Semiconductors , STMicroelectronics, Bosch Sensortec, TDK, Infineon Technologies, Analog Devices, Omron, Sensirion , Honeywell , Siemens , Gen

According to BlueWeave Consulting, The Global IoT Sensors Market is expected to grow with a significant rate during the forecast period 2018-2025 owing to the increasing demand of IoT sensors in automotive industry, for the purpose of increasing the safety of the vehicle, anti-lock braking systems, and air bags and even for assistance in parking of vehicles. Additionally, various governments across the globe encouraged for smart cities projects which will demand of IoT sensors application in the application in smart energy meters, parking and traffic management which will boost IoT Sensors market in the upcoming year.

IoT Sensors is a network of billions of smart devices that connect people, systems and other applications to collect and share data. IoT sensors collect by connecting to an IoT gateway or other edge devices where data is either sent to the cloud to be analyzed or analyzed locally.

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Gyroscope product type of IoT Sensors market is projected to be the leading segment of the overall market during the forecast period
On the basis of Product type, the IoT Sensors market has been segmented into Pressure, Temperature, Humidity, Magnetometer, Gyroscope, Accelerometer, Image and Inertial. Gyroscope dominates the global IoT Sensors owing to demand for navigation routing application in the automotive industry and consumer electronics. Temperature sensors will influence by growing its usage in manufacturing industries to monitor the temperature of machines and in the agriculture sector to monitor the temperature of the soil, water, and plants.

Wireless technology is expected to the leading segment of the overall IoT Sensors market during the forecast period
On the basis of Network Technology, the IoT Sensors market has been segmented into Wired and Wireless. Wireless technology dominates the global IoT Sensors owing to the increasing demand of wireless network in the automotive industry for the safety of vehicles, help in route and positioning. Wired technology will trigger by its uses in the healthcare industry for high-speed access, comfortable and security purposes.

Utilities are projected to lead the industry for utilizing the applications of the IoT Sensors during the forecast period
On the basis of application, the Global IoT Sensors market has been segmented into Consumer, Commercial, and Industrial. By application type, the Industrial segment will lead the market owing to the growing need of internet-based network in the automotive industry for security and high performance. Consumer segment will drive by rapid urbanization coupled with the demand of IoT based devices and home appliances.

North America accounts for lion’s share of the Global IoT Sensors market during the anticipated period.
On the basis of region, the IoT Sensors market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America dominates the world IoT Sensors market over the forecast period owing to the increasing demand for IoT sensors in the automotive and manufacturing industry coupled with the government’s initiatives for energy-efficient vehicles. The Asia Pacific is projected to be the fastest growing market throughout the forecast period due to the increase in income in levels and the rapid pace of industrialization coupled with the demand of IoT based consumer devices and home appliances.

Global IoT Sensors Market Competitive Landscape
Companies such as Texas Instruments, TE Connectivity, Broadcom, NXP Semiconductors, STMicroelectronics, Bosch Sensortec, TDK, Infineon Technologies, Analog Devices, Omron, Sensirion , Honeywell , Siemens , General Electric , SmartThings, Monnit , Murata Manufacturing, Sensata Technologies, Silicon Laboratories , Robert Bosch GmbH, Invensense, Inc., and Libelium are the key players in manufacturing of IoT Sensors.

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