The
Internet of Things (IoT) is the network which equipped with software, natural
philosophy, sensors and network property which modify these physical objects to
arrange and transfer information. IoT Sensors is primarily used as retail, shopper
natural philosophy, safe & security, building automation, healthcare, automotive,
industrial, power & utilities and building & home automation. Commonly,
IoT is projected to supply advanced property of devices, systems and services which
transcend machine-to-machine (M2M) communications and includes a range of
protocols, domains and application. Rising automotive industry across the world,
along with the rising adoption of IoT sensors in the automotive industry are the
key major factors projected to boost global IoT sensors market growth. In
addition to this, the surging demand for consumer electronics such as smart
homes, smart TVs and smartphones are other factors anticipated to further accelerate
the IoT sensors market growth to a certain extent. In addition, the growing
consumer awareness about reasonable consumer electronics in several countries
and rising sales of electronic products are other factors estimated to foster
growth of the global IoT sensors market. Continuous technological advancements
and significant inclination towards new and high-end technologies and combination
of improved versions of technologies in several equipment or devices across many
industries are factors which are likely to drive IoT sensors market growth in
the years to come. The going on macro trend in the target market is that the deployment
of IoT sensors is rising at a rapid pace for numerous applications as well as
in smart cities, smart meters, smart parking, intelligent traffic management
systems, etc. This is projected to continue to obtain popularity for the next
upcoming years and support the IoT sensors market growth. On contrary, the increasing
concerns regarding the data privacy along with the rising cybercrimes will
likely to hamper the IoT sensors market growth.
Furthermore,
the strict policies in order to protect the systems or data from hacking, and increasing
adoption of IoT in various application by several small & medium
enterprises and large-scale enterprises, and ongoing advancements in
industries, particularly in electronics, healthcare and automotive are vital
factors which can create potential opportunities in terms of revenue for present
players in the IoT sensors market in the future.
The
global IoT Sensor Market is segregated on the basis of Sensor Type as Accelerometer,
Gyroscope, Humidity, Image, Inertial, Magnetometer, Pressure, Temperature and Others.
Based on Network-Technology the global IoT Sensor Market is segmented in Wired
and Wireless. Based on Vertical the global IoT Sensor Market is segmented in Aerospace
and Defense, Commercial, Consumer, Electronic Wearable, Industrial, Smart City,
Transportation and Others.
The
global IoT Sensor Market report provides geographic analysis covering regions,
such as Europe, North America, Asia Pacific, and Rest of The World. The IoT
Sensor Market for each region is further segmented for major countries
including the U.S., Canada, Germany, the U.K., France, Italy, China, India,
Japan, Brazil, South Africa, and others.
Competitive Analysis
ABB Ltd, Schneider
Electric SE, TE Connectivity, Robert Bosch GmbH, OMRON Corporation and others
are among the major players in the global IoT Sensor Market. The companies
studied in terms of product strategy and various n several growth and expansion
strategies to gain a competitive edge in the market. The major players not only
follow value chain integration with business operations in multiple stages of
the value chain.
- In July
2020, Texas Instruments introduced the industry’s first zero-drift Hall-effect
current sensors. The TMCS1100 and TMCS1101 allow the lowest drift and highest precision
over time and temperature while offering reliable 3-kVrms isolation, which is
especially vital for AC or DC high-voltage systems, such as industrial motor
drives, energy storage equipment, solar inverters and power supplies.
- In June
2020, TE Connectivity introduced LVDT position sensors. These sensors provide
standard and custom solutions based upon hydraulic application needs of ICT
off-highway equipment and industrial machine tools.
- In
December 2019, NXP Semiconductors declared the acquisition of the wireless
connectivity assets from Marvell (NASDAQ: MRVL).
- In May
2018, STMicroelectronics introduced high-precision MEMS sensors with 10-year
life for advanced industrial sensing. IIS3DHHC is the first sensor in this class
with a 3-axis accelerometer improved for high measurement resolution and
stability.
The global IoT Sensor Market has been segmented as
below:
IoT
Sensor Market, By Sensor Type
- Accelerometer
- Gyroscope
- Humidity
- Image
- Inertial
- Magnetometer
- Pressure
- Temperature
- Others
IoT
Sensor Market, By Network-Technology
IoT
Sensor Market, By Vertical
- Aerospace and Defense
- Commercial
- Consumer
- Electronic Wearable
- Industrial
- Smart City
- Transportation
- Others
IoT
Sensor Market, By Region
- Europe
- North America
- Asia Pacific
- Rest of The World
IoT Sensor
Market, By Company
- ABB Ltd
- Schneider Electric SE
- TE Connectivity
- Robert Bosch GmbH
- OMRON Corporation
- Sensata Technologies
- Honeywell International Inc.
- TDK Corporation
- STMicroelectronics NV
- Texas Instruments Inc.
- Broadcom
- NXP Semiconductors
- Murata Manufacturing
- Sensata Technologies
- Silicon Laboratories
- Libelium
The
report covers the below scope:
- Global IoT Sensor Market sizes from
2020 to 2026, along with CAGR for 2020-2026
- Market size comparison for 2019 vs
2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to
2026
- Global IoT Sensor Market trends,
covering comprehensive range of consumer trends & manufacturer trends
- Value chain analysis covering
participants from raw material suppliers to the downstream buyer in the global IoT
Sensor Market
- Major market opportunities and
challenges in forecast timeframe to be focused
- Competitive landscape with analysis
on competition pattern, portfolio comparisons, development trends and strategic
management
- Comprehensive company profiles of the
key industry players
The
years considered for the study are as follows:
- Base year - 2019
- Estimated year - 2019
- Projected year - 2020
- Forecast period - 2021 to 2026
Report
Scope:
The global IoT Sensor Market report scope includes
detailed study covering underlying factors influencing the industry trends. The
report covers analysis on regional and country level market dynamics. The scope
also covers competitive overview providing company market shares along with
company profiles for major revenue contributing companies. The report scope
includes detailed competitive outlook covering market shares and profiles key
participants in the global IoT Sensor Market share. Major industry players with
significant revenue share include ABB Ltd, Schneider
Electric SE, TE Connectivity, Robert Bosch GmbH, OMRON Corporation and others.
Why to
Buy this Report:
- Gain detailed insights on the IoT Sensor
industry trends
- Find complete analysis on the
market status
- Identify the IoT Sensor Market
opportunities and growth segments
- Analyse competitive dynamics by
evaluating business segments & product portfolios
- Facilitate strategy planning and
industry dynamics to enhance decision making
Target
Audience:
- The report targeted towards the existing players in
the industry is as follows:
- Market Manufacturers/Service
Providers
- Market Wholesale/Traders
- Investment and Financial
Institutions
Free
and Paid Customization based on the requirement