Press release
IoT Sensors Market 2021 Trends, Growth Opportunities, Industry Revenue and Business Analysis by Forecast – 2027
The IoT Sensors Market research report discusses the key drivers influencing global growth, opportunities, current challenges and the risks faced by key players and the market as a whole IoT Sensors Market competitive landscape provides details by vendors, including company overview, company total revenue (financials), market potential, global presence, sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch.IoT Sensors Market is envisaged to record an expansion at the CAGR of 18.4% over the forecast period, 2021 – 2027
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Market Overview
The new emerging applications and business models, coupled with the falling device costs, have been significantly driving the adoption of IoT. Consequently, many connected devices - connected cars, machines, meters, wearables, and consumer electronics. According to the Ericsson study, of the 28 billion total devices connected by 2021, close to 16 billion will be IoT devices. This robust growth is expected to be driven by the increased focus on deploying a connected ecosystem and the standardization of 3GPP cellular IoT technologies. Industry 4.0 initiatives across regions like Europe, China, etc., are the major drivers of the IoT deployments, and therefore, the IoT sensors. According to 60% of the manufacturing companies are already engaged in IoT projects, and more than 30% are at an early deployment stage. Moreover, the decreasing cost of IoT sensors is one of the prominent factors that would fuel the technology's adoption over the forecast period.
The major players covered in the IoT Sensors Market:
Bosch, Honeywell, NXP, Infineon, Analog Devices, Panasonic, InvenSense, TI, Silicon Laboratories, ABB, STMicroelectronics, TE Connectivity, Huagong Tech, Sensirion, Zhonghang Electronic Measuring Instruments, Vishay, Hanwei Electronics, Semtech, Omron
IoT Sensors Breakdown Data by Type
Pressure Sensor
Environmental Sensor
Optical Sensor
Chemical Sensor
Motion Sensor
Others
IoT Sensors Breakdown Data by Application
Smart City
Connected Industry
Connected Building
Connected Car
Smart Energy
Connected Health
Smart Agriculture
Others
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North America to Account for a Significant Market Share
North America is one of the largest markets due to several established vendors in the region and the earliest adoption of IoT technology in various industries. Most of the companies in this region are increasingly adopting IoT to keep track of their offering's performance, thus, avoiding costly breakdowns or inefficient routine maintenance shutdowns. The usage of IoT in the region is also significantly driving the studied market. For instance, according to a study by Stanford University and Avast, North American homes have the highest density of IoT devices in any region in the world. Notably, 66% of homes in the region have at least one IoT device. Additionally, 25% of North American homes boast more than two devices. Further, devices like IoT-enabled medical wearable temperature sensors that transmit data remotely to a central monitoring system are already implemented. Medical staff is alerted based on trends and thresholds, identifying the patient and room, and can respond accordingly.
Regions and Countries Level Analysis
Regional analysis is another highly comprehensive part of the research and analysis study of the IoT Sensors Market presented in the report. For the historical and forecast period 2016 to 2027, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
The report offers an in-depth assessment of the growth and other aspects of the IoT Sensors Market in important countries (regions), including North America (the United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, etc.), Middle East & Africa (Saudi Arabia, Egypt, Nigeria, and South Africa) and ROW.
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Table of Contents:
Global IoT Sensors Market Research Report 2021
Chapter 1 - Market Overview
Chapter 2 - Industry's Global Economic Impact
Chapter 3 - Manufacturers' Global Market Competition
Chapter 4 - Revenue (Value) by Region for Global Productions
Chapter 5 - By Regions: Global Provisions (Production), Consumption, Export, and Import
Chapter 6 - Productions in the World, Revenue (Value), and Price Trends by Type
Chapter 7- Global Market Analysis by Application
Chapter 8 - Manufacturing Cost Analysis
Chapter 9 - Industrial Chain, Sourcing plan and Downstream Buyers
Chapter 10 - Marketing Strategy Analysis, Distributors/Traders
Chapter 11- Market Effect Factors Analysis
Chapter 12- Global IoT Sensors Market Forecast
Impact of Covid-19:
The COVID-19 pandemic had a minor impact on the IoT Sensors Market's growth. The emergence of COVID-19 has caused a substantial setback to export-oriented economies in the region, owing to the temporary shutdown of manufacturing enterprises. For example, Germany's automotive industry has been seriously harmed because the majority of the country's automobile commerce is with China and Italy. Aside from concerns with exports and imports, the growth of Germany's manufacturing industry has been limited by the closure of production sites and a slowdown in operations to combat COVID-19's spread.
Customization:
The Global IoT Sensors Market research may be customized to match your unique company requirements. We offer free 25 percent customization for any of our Market Intelligence Data reports to all of our clients since we understand what they want.
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