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IoT Sensors Market - North America to Dominate the Market with High Margin
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North America contributed the largest revenue to the global IoT sensor market in 2015; however, Asia-Pacific is expected to register the highest growth in the global IoT sensor market, during the forecast period. Some of the factors such as accelerated research and development in the field of IoT sensors, in terms of advanced and better technologies, and raising interest for upgraded lifestyle in the region are spurring the growth of the regional IoT sensor market. Moreover, Asia-Pacific forms largest market for various sectors, including automotive, consumer electronics and healthcare.
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The rising necessity for real-time computing of applications is anticipated to drive the Asia Pacific market for IoT Sensors in the future years. The major companies that are involved in IoT Sensors are Konux Inc., Omron Corporation, Sensirion AG, Smartthings, Inc., Arm Holdings PLC, Analog Devices, Inc., NXP Semiconductors N.V., Robert Bosch GmbH, Broadcom Limited, Invensense, Inc., Infineon Technologies AG, Te Connectivity Ltd., Texas Instruments Incorporated and STMicroelectronics N.V.
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