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IoT Sensors Market worth $79.31 billion by 2030, growing at a CAGR of 26.79% - Exclusive Report by 360iResearch
IoT Sensors Market | 360iResearch
The Global IoT Sensors Market to grow from USD 15.05 billion in 2023 to USD 79.31 billion by 2030, at a CAGR of 26.79%.
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Internet of Things (IoT) sensors are the foundational components that enable the smart functionality of IoT devices and systems. These sensors collect data from their environment, which can include a wide variety of metrics such as temperature, humidity, motion, light intensity, and much more. The data gathered by IoT sensors are then transmitted to an IoT platform and processor for analysis, leading to actionable insights & automated decisions. The growing demand for smart gadgets, along with the increased need for real-time computing of applications, is driving the adoption of Internet of Things (IoT) sensors. Despite the promising growth trajectory, the IoT sensors market faces limitations such as data security & privacy concerns and interoperability issues among disparate IoT systems. Furthermore, the development of ultra-low-power and energy-harvesting sensors and advancements in nano-technology & materials science create potential opportunities for market growth.
In the American region, the United States and Canada dominate the IoT sensors market. High consumer electronics adoption, advanced healthcare infrastructure, and significant investments in smart cities and industrial IoT drive the demand. Innovation across the region focuses on enhancing sensor efficiencies and developing new applications, signaling ongoing innovation. In Europe, countries such as Germany, the UK, and France lead in adopting IoT technologies, influenced by robust industrial sectors and smart city projects. EU countries' emphasis on quality and reliability dictates purchasing behaviors. Consumers and businesses prioritize energy-efficient, durable, and versatile sensors for varied applications, from smart homes to industrial maintenance. The Middle East, with initiatives, is rapidly adopting IoT sensors for security, utilities, and transportation. China, Japan, and India are at the forefront of the Asia Pacific region's IoT sensors market. China's massive manufacturing base and the government's push for IoT in industries have made it a global leader. Japan's focus on robotics and automation, along with government initiatives, bolster its market position. India's market is growing, spurred by smart city projects and agriculture sector innovations.
Market Segmentation & Coverage:
This research report categorizes the IoT Sensors Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Sensor Type, market is studied across Accelerometer, Acoustic Sensor, Co2 Sensor, Flow Sensor, Gyroscope, Humidity Sensor, Image Sensor, Inertial Sensor, Magnetometer, Motion Sensor, Occupancy Sensor, Pressure Sensor, Proximity Sensor, Temperature Sensor, and Touch Sensor. The Pressure Sensor is projected to witness significant market share during forecast period.
Based on Network Technology, market is studied across Wired and Wireless. The Wired is further studied across Digital Addressable Lighting Interface, Ethernet, KNX, Lonworks, and Modbus. The Wireless is further studied across Bluetooth, NFC, RFID, Wi-Fi, Z-Wave, and Zigbee. The Wireless is projected to witness significant market share during forecast period.
Based on Vertical, market is studied across Commercial and Industrial. The Commercial is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the IoT Sensors Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the IoT Sensors Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the IoT Sensors Market, highlighting leading vendors and their innovative profiles. These include ams-OSRAM AG, Analog Devices, Inc., Cerebrum Sensor, Energous Corporation., Esensors Inc., Infineon Technologies AG, Knowles Corporation, Monnit Corporation, Murata Manufacturing Co., Ltd., Nozomi Networks Inc., NXP Semiconductors N.V., Omron Corporation, Pragmatic Semiconductor Limited, Robert Bosch GmbH, SENSONEO j.s.a., Siemens AG, Silicon Laboratories Inc., Sony Group Corporation, STMicroelectronics N.V., TDK Corporation, TE Connectivity Ltd., Texas Instruments Incorporated, and Vighnaharta Technologies.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. IoT Sensors Market, by Sensor Type
7. IoT Sensors Market, by Network Technology
8. IoT Sensors Market, by Vertical
9. Americas IoT Sensors Market
10. Asia-Pacific IoT Sensors Market
11. Europe, Middle East & Africa IoT Sensors Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the IoT Sensors Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the IoT Sensors Market?
3. What is the competitive strategic window for opportunities in the IoT Sensors Market?
4. What are the technology trends and regulatory frameworks in the IoT Sensors Market?
5. What is the market share of the leading vendors in the IoT Sensors Market?
6. What modes and strategic moves are considered suitable for entering the IoT Sensors Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
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