IoT Sensor Market Emerging Trends , Opportunities and Forecast 2027 | Analog Devices, ARM Holdings , Broadcom, Honeywell International, Infineon Technologies , NXP Semiconductors N.V. , Omron , Robert Bosch , STMicroelectronics N.V. , Texas Instruments

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.

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Major Key Players of this Report

Analog Devices, ARM Holdings , Broadcom, Honeywell International, Infineon Technologies , NXP Semiconductors N.V. , Omron , Robert Bosch , STMicroelectronics N.V. , Texas Instruments

The IoT sensors market is fragmented with the presence of several industries and the competitive dynamics in the market, which is expected to change during the upcoming years. The advent of IoT has enabled each device to be connected over the internet and the rising adoptions globally would result in more than billions of devices connected over the internet. Also, validating to the above mentioned point is the fact that the data traffic rate on a global level, has grown at an annual rate of more than 65% over the last five years. Also, between 2018 and 2023, the data traffic is anticipated to grow at a compound annual growth rate of close to 40 percent. This exponential growth in data traffic over the internet is out rightly attributed to the growing penetration of smartphones and other consumer electronic devices that can be connected over the internet as a result of the growing popularity of IoT.

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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.

Table of Contents

1. INTRODUCTION
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. IOT SENSOR MARKET LANDSCAPE
5. IOT SENSOR MARKET - KEY INDUSTRY DYNAMICS
6. IOT SENSOR - GLOBAL MARKET ANALYSIS
7. GLOBAL IOT SENSOR MARKET ANALYSIS - BY TYPE
8. GLOBAL IOT SENSOR MARKET ANALYSIS - BY CONNECTIVITY TYPE
9. GLOBAL IOT SENSOR MARKET ANALYSIS - BY APPLICATION
10. IOT SENSORS MARKET - GEOGRAPHICAL ANALYSIS
11. INDUSTRY LANDSCAPE

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