04-15-2019 04:47 PM CET - IT, New Media & Software
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IOT Sensor Market Estimated to Grow at $22150 Million by 2025 | A report by IBM, Sierra Wireless, Honeywell, General Electric Manufacturing Company (GEMAC), Siemens, Sensata Technologies and others

Press release from: Data Bridge Market Research

IoT sensors are one of the most crucial and equipped with IoT cloud based applications. It is connected wirelessly to the mainframe system that is used for identification. The main purpose is to collect data and control the surrounding environments through its different sensors such as temperature sensors, humidity sensors and others. The IoT sensors offer a wide range of application in tracking, security, safety and detecting in different industries. It is used in industrial and automotive, development of smart cities, mining industry, electronics and consumables industry applications.

Market Analysis:
The Global IoT Sensors Market was valued at USD 5,050.0 million in 2017 and is expected to reach USD 22,150.0 million in 2025, growing at a healthy CAGR of 32.9% for the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Key Competitors:
• Robert Bosch GmbH
• NXP Semiconductors N.V.
• Infineon Technologies AG
• Libelium
• Broadcom Inc.
• Analog Devices, Inc.
• TE Connectivity Ltd.
• TDK Corporation
• Omron Corporation
• Sensata Technologies, Inc.
• Texas Instruments Inc.
• Honeywell International Inc.
• Siemens AG
• General Electric Company
• SmartThings Inc.
• Murata Manufacturing Co., Ltd.
• Sensirion AG
• Digital International Inc.
• STMicroelectronics N.V.
• Trimble Inc.
• Monnit Corporation

Market Key Developments:
• On May 2017, Siemens AG acquired Enlighted Inc., a provider of smart IoT (Internet of Things) systems in buildings. This acquisition expanded Siemens’ smart IoT products and derived its digitalisation in multi-sensor-based IoT platform.
• In 2018, EkkoSense (UK) launched wireless thermal sensor based on Internet-of-Things (IoT) technology. This sensor provides ultra-low cost sensor that helps in deploying real-time thermal management of data centres.

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Market Drivers & Restraint:
• Increased use of IoT sensor devices due to the technological advancements
• Growth in internet penetration rate
• High demand for connected and wearables devices
• Introduction of Ipv6 creating larger address space
• Adoption of real-time computing for IoT applications
• High data security concerns
• High complex systems

Segmentation:
Type
• Accelerometers
• Temperature Sensors
• Gyroscopes
• Magnetometer
• Pressure Sensors
• Light Sensors & Others

Network Technology
• Wired
• Wireless

Application
• Consumer Electronics
• Building Automation
• Healthcare
• Automotive
• Industrial
• Retail & Others

Geography
• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Competitive Analysis:
IoT sensors market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cyber security as a service market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com

This release was published on openPR.
News-ID: 1703739 • Views: 455
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