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IoT Sensors Market SWOT Analysis, Dynamics, Drivers, Key Indicators and Forecast to 2022-2030 | General Electric, TE Connectivity, NXP Semiconductors

09-13-2022 12:51 PM CET | IT, New Media & Software

Press release from: Emergen Research

IoT Sensors Market |Emergen Research

IoT Sensors Market |Emergen Research

The global IoT sensors market size reached USD 15.58 Billion in 2021 and is expected to register a revenue CAGR of 28.3% during the forecast period, according to latest analysis by Emergen Research. Rapid advancement in industrial technologies such as Industry 4.0 and Industrial Internet of Things (IoT) as well as increased implementation of IoT sensors owing to cost-effectiveness and compact design are a few of the key factors driving the market revenue growth. Surging demand for Micro-Electromechanical Systems (MEMS) for better consumer electronics is also contributing to revenue growth of the market.

Rapid adoption of Internet of Things (IoT) and edge computing abilities for implementation of next-generation IoT in the industrial sector. Edge computing positively impacts Artificial Intelligence (AI), cloud, energy aggregation, manufacturing, precision farming, data centers, electro mobility, and autonomous vehicles. One of the primary factors driving the fast adoption of smart sensors, particularly in industrial IoT, is the capacity to identify and locate goods based on their environmental conditions.

IoT sensors are in high demand for tasks such as monitoring temperature and humidity, generating alerts, and managing processes in factories and warehouses. Increasing utilization of motion sensors for security and automation reasons such as automatic door controls, automated sinks, and energy management systems, among others, is driving the demand for IoT sensors. IoT sensors increase efficiency by optimizing as well as productivity by understanding how the machine uses energy to enable reduced losses.

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Global IoT Sensors Market research report offers a panoramic view of the IoT Sensors market, regulatory framework, and macro- and micro-economic factors that influence the growth of the industry. The report strives to offer authentic information about the IoT Sensors market size, share, product portfolio, revenue estimations, and growth rate. The report has been formulated through extensive primary and secondary research along with verified and reliable data obtained from industry experts and professionals.

Major Companies in the Market Include:

General Electric, TE Connectivity, NXP Semiconductors, Texas Instruments Incorporated, STMicroelectronics, OMRON Corporation, Siemens, Infineon Technologies AG, Murata Manufacturing Co, and InvenSense (TDK).

Key Highlights From the Report

Pressure sensor segment accounted for a significant revenue share in 2021. Cost-effectiveness, higher durability, as well as good resistance to vibration, shock, and dynamic pressure changes are some of the major factors driving revenue growth of the segment. Also, the ability to operate at high temperatures and low response times is driving the demand for pressure sensors for various applications such as fluid mechanics, aerodynamics, thermodynamics, soil mechanics, and biophysics.

Wireless segment accounted for the largest revenue share in 2021. Ease of collection of information about the surrounding environment over a prolonged period with reduced manual effort is one of the major factors driving revenue growth of the segment. Moreover, the wireless segment offers efficient measurement of a variety of variables from air temperature and vibration.

Industrial IoT segment accounted for a significant revenue share in 2021. Rising smart city development initiatives in various countries with increasing integration of smart electronic devices in the home are a few of the factors driving revenue growth of the segment. Automated IoT-connected wireless systems enable easy monitoring of health issues. IoT sensors market in North America accounted for the largest revenue share in 2021.

Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/iot-sensors-market

Emergen Research has segmented global IoT sensors market on the basis of sensor type, network technology type, vertical, and region:

Sensor Type Outlook (Revenue, USD Billion; 2019-2030)

Pressure sensor

Temperature sensor

Flow sensor

Humidity sensor

Magnetometer

Accelerometer

Inertial sensor

Gyroscope

Touch sensor

Image sensor

Acoustic sensor

Proximity sensor

Occupancy sensor

Others

Network Technology Type Outlook (Revenue, USD Billion; 2019-2030)

Wired

Lonworks

KNX

Ethernet

Modbus

Digital Addressable Lighting Interface (DALI)

Wireless

Wifi

Zigbee

Bluetooth

Z-wave

NFC

ENOCEAN

RFID

GPS

Others

Vertical Outlook (Revenue, USD Billion; 2019-2030)

Consumer IoT

Home automation

Smart cities

Wearable electronics

Consumer appliances

Commercial IoT

Retail

Aerospace & defense

Financial institutes

Entertainment

Logistics & supply chain

Corporate offices

Industrial IoT

Industrial automation

Energy

Transportation

Smart agriculture

Healthcare

Regional Overview:

The global IoT Sensors market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global IoT Sensors market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.

Market Taxonomy:

Chapter 1: Methodology & Scope

Definition and forecast parameters

Methodology and forecast parameters

Data Sources

Chapter 2:

Executive Summary

Business trends

Regional trends

Product trends

End-use trends

Chapter 3:

Industry Insights

Industry segmentation

Industry landscape

Vendor matrix

Technological and innovation landscape

Chapter 4:

Regional Landscape

Chapter 5:

Company Profile

Business Overview

Financial Data

Product Landscape

Strategic Outlook

Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/1284

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At Emergen Research, we believe in advancing with technology. We are growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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