IoT Sensor Market: What are the Future Growth Opportunities? Top Players: Infineon Technologies, Bosch, Sensirion, Honeywell, Siemens, General Electric, Smartthings, Sensata Technologies, Libelium

The IoT Sensor Market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these fall along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also included in the research report is information pertaining to the companies partaking in the IoT Sensor Market share and the information pertaining to the regulatory norms that impact the commercialization landscape of this vertical.

The demand for IoT technologies is increasing in small and medium-sized businesses to collect more detailed business insights through IoT devices. Companies operating in the IoT sensor market are introducing new smart sensors for industrial & enterprise applications. For instance, In November 2018, Texas Instruments launched a new range of smart sensors for use in industrial and enterprise IoT deployments. The increasing demand for wearable devices in the North American and European countries due to the growing concerns regarding health and fitness is driving the market growth.

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IoT sensors are integrated into wearable and connected devices to monitor various elements such as temperature, pulse, and movement. The major factor hindering the IoT sensor market is the data security concern. The devices and components connected in the IoT network are utilized to make smart decisions. Another factor affecting the industry growth is the regular calibration of components with devices and network. Additionally, these components tend to underperform in the presence of humidity, air pressure, and other such atmospheric changes.

By Network Technology Type
o Wireless
o Wired
By Sensors Type
o Temperature sensors
o Pressure sensors
o Humidity sensors
o Flow sensors
o Accelerometers
o Magnetometers
By End-Use
o Automotive
o Consumer electronics
o Wearable electronics
o Commercial
o Other

The IoT sensor market is gaining popularity due to its increasing adoption in small- and medium-sized businesses. It can be attributed to the features including predictive maintenance for IoT applications and devices. An upcoming trend in the industry is the introduction of IPv6, which is designed to provide larger address space during communication between devices. The availability of IPv6 is expected to support faster and efficient communication of connected devices.

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The North American region is witnessing a growth in the IoT sensor market due to the high adoption of smart solutions in various sectors such as health care, automotive, and industrial. The U.S. government has made significant investments in smart cities development, which will lead to the high implementation of these components, further supporting the industry demand. The demand for IoT consumer devices, such as security cameras and smart home devices, is increasing in the U.S. and Canada due to the growing concerns regarding household safety and comfort.

The key players operating in the market include Infineon Technologies, Robert Bosch GmbH, Sensirion, Honeywell, Siemens, General Electric, Smartthings, Sensata Technologies, Libelium, and Murata Manufacturing. These players in the industry are focusing on M&A activities and partnerships & collaboration.

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