IoT Sensor Market | 2018 World Technology, Development, Trends and Opportunities Market Research Report to 2023

Market Highlights

Major giants like IBM Corporation and Texas Instruments are investing into IoT sensor market due to increasing demand from various industry verticals like commercial, consumer and industrial. Increasing need for real time computing of applications is one major factor fueling the growth of IoT sensor market. Texas Instruments is dominating the internet of things market and is considered to be the technology leader in IoT applications.

North America region holds the largest market share of global IoT sensor market followed by Europe and Asia Pacific regions. The growth is North America region is mainly dominated by U.S. and Canada and is attributed to the increasing demand for mobile communication and consumer electronics in the region. The region also has a well-established infrastructure which allows implementation of advanced technologies.

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Major Key Players

Texas Instruments Incorporated (U.S.),
Honeywell International, Inc. (U.S.)
TE Connectivity Ltd. (U.S.),
Infineon Technologies Ag (Germany),
Analog Devices, Inc. (U.S.),
Broadcom Limited (U.S.),
Robert Bosch GmbH (Germany),
Johnson Controls International Plc. (Ireland),
Sony Corporation (Japan),
STMicroelectronics N.V. (Switzerland),

The IoT sensor market is growing rapidly over 42% of CAGR and is expected to reach at approx. USD 40 Billion by the end of forecast period.

IoT Sensor Market Segmentation

The IoT sensor market has been segmented on the basis of component, type, network technology and vertical. The vertical segment is broadly bifurcated into commercial IoT, consumer IoT and industrial IoT. Out of which, the consumer IoT vertical is expected to hold the largest market share of IoT sensor market. Consumer IoT vertical is further bifurcated into home automation, smart city and wearable electronics. Increasing demand for smart wearables and growing popularity of internet of things devices is majorly driving the growth of IoT sensor market.

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Regional Analysis:

The regional analysis of IoT sensor market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in IoT sensor market in North America is attributed to technical advancements and increasing demand for IoT sensors across various applications in that region.

Intended Audience

• Technology Investors
• Research/Consultancy Firms
• Infrastructure Providers
• Chip designers and fabricators
• Original equipment manufacturers (OEMs)
• Semiconductor Companies
• Embedded system companies
• Consumer Electronics Manufacturers
• Sensor Manufacturers
• Technology Providers
• Telecommunication companies
• Government Bodies

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