Internet of Things (IoT) Sensors Market to reach US$34.75 bn by 2023; Global Industry to be driven by Introduction of Smart Cities

ResearchMoz added Latest Research Report titled " IoT Sensors Market (By Type - Accelerometers, Gyroscopes, Magnetometers, Pressure Sensors, Temperature Sensors, Light Sensors, Others, By Application - Consumer Electronics, Healthcare, Automotive, Industrial, Building Automation, Retail and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 " to it's Large Report database.

Internet of Things (IoT) is a network that is embedded with sensors, electronics, network connectivity, and software enabling physical objects to gather and exchange data. As IoT rises into dominance, sensors are playing a pivotal role for measuring the physical quality of objects and enumerating it into a value, which can be read by another device or user. IoT devices are equipped with sensors which are capable of registering changes in pressure, temperature, motion, light, and sound. In the physical world, more and more objects can now communicate with each other through embedded IoT sensors, actuators, and tags. The global IoT sensors market has been segmented on the basis of types, application and geography. In addition, an exhaustive cross sectional analysis of the global IoT sensors market across four broad regions has been covered under the scope of the study.

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Based on types, the global market can be segmented into accelerometers, gyroscopes, magnetometers, pressure sensors, temperature sensors, light sensors, others. Temperature sensors acquired the largest share of the market in 2014. Temperature sensors are adopted in a diverse range of applications including various wearable devices for fitness programs and for monitoring health, smart homes and in other industrial applications for monitoring weather changes. Therefore, the growing demand for these sensors from various industrial end-users is boosting the growth of this market.

By applications, the global IoT sensors market is segmented into consumer electronics, healthcare, automotive, industrial, building automation, retail and others. Consumer electronics was the largest contributor to the market in 2014. Increasingly consumer electronics such as smart home appliances and smart TV sets are adopting the approaches of IoT and getting connected. In entertainment electronics, IoT sensors help users to establish flexible media usage. Additionally, rising awareness among consumers and growing demand for affordable consumer electronics has given rise to favorable conditions for the consumer electronics market in developing economies such as India, Middle East and Africa. This is set to offer promising growth opportunities to the global market in the coming years.

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Table of Content

Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Key Take Away
1.4 Research Methodology

Chapter 2 Executive Summary
2.2 Global IoT Sensors Market Snapshot

Chapter 3 Market Overview
3.1 Introduction
3.2 Key Trend Analysis
3.3 Market Dynamics
3.3.1 Market Drivers
3.3.1.1Growing demand for IoT sensors in the automotive industry
3.3.1.2Increase in demand for consumer electronics and appliances and growing demand for smart devices
3.3.1.3Increasing deployment of IoT sensors in IIoT
3.3.2 Market Restraints
3.3.2.1Security issues with wireless sensor networks
3.3.3 Market Opportunities
3.4 IoT Sensors: Market attractiveness analysis
3.4.1 Recommendations
3.5 Competitive Landscape

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