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 : August, 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

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.