IoT Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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IoT Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : October, 2020 | Technology & Media | PPT format

Report Digest


Global IoT Sensors Market: Snapshot

IoT is a system that is implanted with sensors, connectivity to network, gadgets and programming empowering physical items to gather and trade the information. Sensors in IoT play an indispensable role in estimating the physical nature of items and list it into an esteem which is additionally perused by another gadget or client. IoT sensors allude to the sensors utilized in keen applications, which require network, constant analysis, and regular interfacing stage for gathering and breaking down information. It is a processing idea where each physical protest is associated with the web, and every such question can speak with one another.

The IoT sensor advertise is flourishing with different kinds of sensors associated with gadgets and individuals, which empowers a two-way correspondence process among man and machine. There are different end-utilize businesses where IoT sensors are sent to encourage this two way correspondence and for social event information. As IoT ascends to predominance, a sensor takes more dependable part, which generally, is intended to quantify a physical quality and list it into an esteem that can be perused by a client or another gadget. Yet, all sensors are not the equivalent and distinctive IoT applications require diverse kinds of sensors. For example, computerized sensors are direct and simple to interface with a microcontroller utilizing Serial Peripheral Interface (SPI) transport. In any case, for simple sensors, either simple to-advanced converter (ADC) or Sigma-Delta modulator is utilized to change over the information into SPI yield.

Developing interest for consumer gadgets, for example, cell phones, shrewd TV, and keen home machines connected with IOT, legislatures of the few developing nations are inflowing into various open and private joint efforts for the extension of its cloud benefits through its information and IoT focus advancements, developing IoT applications in the car and modern markets are a few elements, which are required to push interest for IOT sensors over the coming years.

Global IoT Sensors Market: Overview

The global internet of things (IoT) sensors market is anticipated to see expansion with the growing significance of real-time computing for IoT applications. The advent of internet protocol version 6 (IPv6) and higher demand for wearable and connected devices could push the growth of the market during the course of the forecast period 2018-2028. On the other hand, improved application of sensors in IoT devices due to technological developments, plummeting costs, and reduction in size is predicted to strongly support market growth. Rise in internet penetration and introduction of 3GPP Releases 13 and 14 specifications could also contribute to the market in a positive way.

Global IoT Sensors Market: Trends and Opportunities

There are different types of IoT sensors available on the market, viz. inertial, image, accelerometer, gyroscope, magnetometer, humidity, temperature, and pressure, which exhibit their own rates of demand depending on their requirement. However, amongst these, gyroscopes could show higher growth rate in the coming years. This could be due to the swelling demand for equipment optimized with sensors used in satellite positioning, navigation, and other applications. The demand for gyroscopes could increase on the back of the rising adoption of automation in a number of industries and the massive requirement of remotely operated vehicle guidance.

Amongst network technologies, wireless is expected to gain a whole lot of traction in the global IoT sensors market. There is a strong requirement of more robust internet connection created with the swelling demand for wireless data from smart grids, connected cars, and mobile devices. The adoption of wireless network technology is projected to increase while riding on lower installation and maintenance costs and the rising adoption of cloud platforms.

Global IoT Sensors Market: Market Potential

Leading equipment breakdown and technology insurer, Hartford Steam Boiler (HSB) has announced its next-gen IoT sensors and software to connect facilities and equipment via IoT. The sensors use proprietary algorithms to improve performance and avoid loss and are delivered to commercial customers in a simple kit. The HSB Sensor Systems service provides all the software and hardware required to issue alerts when changes suggest trouble, analyze data, and monitor conditions 24/7. It acts as an early warning system for religious groups, schools, building owners, and other entities.

Low-power wide-area networks wireless technology, LoRaWAN is used in the new set of HSB sensors. It can communicate through building floors and walls and offers extended range to connect dispersed facilities and equipment. Instead of Wi-Fi systems, the technology makes use of cellular systems.

Global IoT Sensors Market: Regional Analysis

On the geographical front, the global IoT sensors market is foreseen to witness the rise of North America in the foreseeable future. In 2018, the region held a stronger share of the market. The growth of the regional market could stem from the increasing adoption of wireless sensors in consumer electronics, oil and gas, healthcare, automotive and transportation, and industrial sectors and industries.

North America could be overtaken by Asia Pacific by the end of the forecast tenure while growing at a higher CAGR. Factors such as enhanced IT infrastructure, improving disposable income, wide consumer base, and increasing internet penetration in residential as well as commercial spaces are envisaged to support the growth of the market in Asia Pacific.

Global IoT Sensors Market: Companies Mentioned

The global IoT sensors market marks the presence of top players such as STMicroelectronics, NXP Semiconductors, Broadcom, TE Connectivity, and Texas Instruments.

Global IoT Sensors Market: Sensor

  • Temperature Sensors
  • Pressure Sensors
  • Humidity Sensors
  • Flow Sensors
  • Accelerometers
  • Magnetometers
  • Gyroscopes
  • Inertial Sensors
  • Image Sensors
  • Touch Sensors
  • Proximity Sensors
  • Acoustic Sensors
  • Motion Sensors
  • Occupancy Sensors
    • Image Processing Occupancy Sensors (IPOS)
    • Intelligent Occupancy Sensors (IOS)
  • Co2 Sensors
  • Light Sensors and Radar Sensors

Global IoT Sensors Market: Network Technology

  • Wired
    • KNX
    • LonWorks
    • Ethernet
    • Modbus
    • Digital Addressable Lighting Interface (DALI)
  • Wireless
    • Wi-Fi
    • Bluetooth
      • Bluetooth Smart
      • Wi-Fi/Bluetooth Smart
      • Bluetooth Smart/Ant+
      • Bluetooth 5
    • Zigbee
    • Z-Wave
    • NFC
    • RFID
    • EnOcean
    • Thread
    • 6LoWPAN
    • WirelessHART
    • Process Field Bus (PROFIBUS)
    • DECT ULE
    • ANT+, ISA100, GPS, Sub-Gig, and Cellular

Global IoT Sensors Market: Vertical

  • Consumer
    • Home Automation
      • Consumer Devices
        • Smart TVs
        • Smart Locks
        • Smoke Detectors
        • Home Theater Projectors
        • Next-Gen Gaming Consoles
        • Set-Top Boxes
      • Consumer Appliances
        • Smart Washing Machines
        • Smart Dryers
        • Smart Refrigerators
        • Smart Ovens
        • Smart Cooktops
        • Smart Cookers
        • Smart Deep Freezers
        • Smart Dishwashers
        • Smart Coffee Makers
        • Smart Kettles
    • Smart City
      • Traffic Management
      • Water Management
      • Waste Management
      • Smart Parking
      • Smart Lighting
    • Wearable Electronics
      • Consumer Application
      • Healthcare Application
      • Industrial Application
  • Commercial
    • Retail
      • Advertising and Marketing
      • Digital Signage
      • Energy Optimization
      • Intelligent Payment Solution
      • Real-time/Streaming Analytics
      • Resource Management
      • Safety and Security
      • Smart Shelf and Smart Doors
      • Smart Vending Machine
    • Aerospace and Defense
      • Drones/Unmanned Aerial Vehicle (UAV)
      • Predictive Maintenance
    • Logistics and Supply Chain
    • Entertainment
    • Financial Institutes
    • Corporate Offices
  • Industrial
    • Energy
    • Industrial Automation
    • Transportation
      • Modes of Transportation
        • Roadways
        • Railways
        • Airways
        • Maritime
      • Types of Transportation Application
        • Predictive Analysis
        • Telematics
          • In-Vehicle (In-V)
          • Vehicle-To-Vehicle (V2V)
          • Vehicle-To-Infrastructure (V2I)
        • Infotainment
        • Advanced Driver Assistance System (ADAS)
      • Healthcare
        • Telemedicine
        • Clinical Operations and Workflow Management
        • Connected Imaging
        • Inpatient Monitoring
        • Medication Management
      • Smart Agriculture
        • Precision Farming
        • Livestock Monitoring
        • Fish Farming
        • Smart Greenhouse

Global IoT Sensors Market: Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Rest of APAC
  • Rest of the World
    • Middle East and Africa
    • South America

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?