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According
to a new market report published by Transparency Market Research
“IoT
Sensors Market (By Type – Accelerometers, Gyroscopes,
Magnetometers, Pressure Sensors, Temperature Sensors, Light Sensors,
Others, By Application – Consumer Electronics, Healthcare,
Automotive, Industrial, Building Automation, Retail and Others) -
Global Industry Analysis, Size, Share, Growth, Trends and Forecast,
2015 – 2023”
was valued at US$4.90
bn in
2014 and is expected to reach US$34.75
bn by
2023, growing at a CAGR of 24.5% during forecast period.
Full
Report Description is available @
Internet
of Things (IoT) involves networks of data-gathering sensors, cloud
computing and machine-to-machine communication. Established
MEMS-based IoT sensors are being adopted widely into diverse
application areas. The major application areas of these sensors
include consumer
electronics, healthcare, automotive, industrial, building automation,
retail and others.
The
global IoT market is poised for significant growth during the
forecast period. Growing demand for IoT sensors in the automotive
industry and the booming Industrial Internet of Things (IIoT) market
are primarily fuelling the market growth. Furthermore, increase in
demand for consumer electronics and appliances and a surge in demand
for smart devices is positively impacting the expansion of the global
market. The healthy economic growth of emerging markets such as
China, India, South Korea, Japan and Middle East is also propelling
the growth of latest technologies, which is in turn is steadily
driving the demand for IoT sensors. These factors in total are set to
bolster the growth of the IoT sensors market during the forecast
period from 2015 to 2023.
Based
on types, the global market can be segmented into accelerometers,
gyroscopes, magnetometers, pressure sensors, temperature sensors,
light sensors, others. Temperature sensors acquired the largest share
of the market in 2014. Temperature sensors are adopted in a diverse
range of applications including various wearable devices for fitness
programs and for monitoring health, smart homes and in other
industrial applications for monitoring weather changes. Therefore,
the growing demand for these sensors from various industrial
end-users is boosting the growth of this market.
By
applications, the global IoT sensors market is segmented into
consumer electronics, healthcare, automotive, industrial, building
automation, retail and others. Consumer electronics was the largest
contributor to the market in 2014. Increasingly consumer electronics
such as smart home appliances and smart TV sets are adopting the
approaches of IoT and getting connected. In entertainment
electronics, IoT sensors help users to establish flexible media
usage. Additionally, rising awareness among consumers and growing
demand for affordable consumer electronics has given rise to
favorable conditions for the consumer electronics market in
developing economies such as India, Middle East and Africa. This is
set to offer promising growth opportunities to the global market in
the coming years.
Sample
Research Report is available @
IoT
sensors market has been classified geographically into North America,
Europe, Asia Pacific and Rest of the World. North America occupied
the largest share of the market in 2014 and was followed by Europe.
In 2014, these two regions held more than 60% of the global market
jointly. APAC is projected to be the fastest growing region in the
IoT sensors market during the forecast period. Increasing demand of
IoT sensors for use in various smart consumer products and healthcare
industry has been positively impacting the growth of this market.
Governments of the emerging nations such South Korea, India and China
are entering into several public-private collaborations for expanding
its cloud services through its IoT and data center developments,
which in turn is fueling the growth of this market in APAC.
Some
of the major players in the IoT sensors market are: Infineon
Technologies (Germany), STMicroelectronics N.V. (Switzerland), IBM
(U.S.), Robert Bosch GmbH (Germany), Honeywell International Inc.
(U.S.), Ericsson (Sweden), InvenSense Inc. (U.S.), Libelium (Spain),
ARM Holdings Plc. (U.K.) and Digi International Inc. (U.S.) among
others.
The
report provides an exhaustive study of the IoT sensors market along
with offering the market estimates, in terms of the revenue (USD
million) for the forecast period from 2015-2023. Further, the global
market is classified on the basis of types and applications. Cross
sectional analysis of the global IoT sensors market across four
geographical regions has also been included under the scope of the
report.
Global
IoT Sensors Market,
by Types
- Accelerometers
- Gyroscopes
- Magnetometers
- Pressure Sensors
- Temperature Sensors
- Light Sensors
- Others
Global
IoT Sensors Market, by Application
- Consumer Electronics
- Healthcare
- Automotive
- Industrial
- Building Automation
- Retail
- Others
Global
IoT Sensors Market, by Geography:
The market is broadly segmented on the basis of geography into:
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of APAC
- Rest of the World
- Latin America
- Middle East
- Africa
Download
the Brochure of the IoT Sensors Market @
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