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IoT Sensor Market is expected to grow at a CAGR of 23.9% over the forecast period | Global key players includes ARM Holdings, Broadcom, Honeywell, Infineon Technologies AG, NXP Semiconductors, Omron, Robert Bosch, STMicroelectronics N.V., and Texas Instru
The global IoT sensors market accounted for US$ 9.46 Bn in 2018 and is expected to grow at a CAGR of 23.9% over the forecast period 2019-2027, to account for US$ 65.79 Bn in 2027. Factors including proliferation of IoT and connected devices and growth in the consumer electronics industry are significantly driving the global IoT sensors market. However, growing security concerns is impeding the IoT sensors market growth. Widening government support for the adoption of IoT is opportunistic for the growth of the IoT sensors market.Some of the players present in IoT sensors market are Analog Devices, Inc., ARM Holdings PLC, Broadcom, Inc., Honeywell International, Inc., Infineon Technologies AG, NXP Semiconductors N.V., Omron Corporation, Robert Bosch Gmbh, STMicroelectronics N.V., and Texas Instruments Incorporated among others.
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The market is segmented on the basis of Type,Connectivity Type, Application and Geography. On the basis of type the market is classified into Temperature Sensor, Proximity Sensor, Pressure Sensor, Water Quality Sensor, Level Sensor, IR Sensor and Others. Based on Connectivity Type the market is categorized into Wired Sensor and Wireless Sensor.While on the basis of Application the market is segmented into Building & Home Automation, Retail & Logistics, Healthcare & Life Science, Transportation, Security & Public Safety, Industrial and Others.
It also provides the overview and forecast for the global IoT sensors market based on all the segmentation provided with respect to five major reasons such as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Furthermore, apart from the individuals, businesses across almost all the industry verticals have realized the importance of IoT, communications, and sensors, and have therefore, paved way for integration of sensors into the devices. The growth of the IoT sensors market in the various end-user industry verticals is therefore anticipated to rise at a rapid rate in the coming years with IoT gaining more prominence in the coming years.
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Table of Contents
1. Introduction
2. Key Takeaways
3. IoT Sensor Market Landscape
4. Market - Key Industry Dynamics
5. IoT Sensor Market Analysis- Global Analysis
6. IoT Sensor Market Revenue And Forecasts To 2027 – By Type
7. Market Revenue And Forecasts To 2027 - By Connectivity Type
8. Market Revenue And Forecasts To 2027 - By Application
9. Market Revenue And Forecasts To 2027 – Geographical Analysis
10. Industry Landscape
11. Competitive Landscape
12. IoT Sensor Market, Key Company Profiles
13. Appendix
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