Global IoT sensors market is expected to reach USD 27.38 billion in 2022, growing at a CAGR of 24% between 2017 and 2022.
The report covers forecast and analysis for the IoT sensors market on a global and regional level. The study provides historic data of 2016 along with a forecast from 2016 to 2022 based on revenue (USD Billion). The study includes drivers and restraints for the IoT sensors market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the IoT sensors market on a global level.
This report offers comprehensive coverage on global IoT sensors market along with, market trends, drivers, and restraints of the IoT sensors market. This report included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the IoT sensors market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary and primary research team of industry experts.
The study provides a decisive view on the IoT sensors market by segmenting the market based on type, service type, application, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2016 to 2022. On the basis of the type, the market is bifurcated into pressure sensors, temperature sensors, accelerometers, gyroscopes, magnetometers, light Sensors and others. Application wise the IoT sensors market is segmented into healthcare, retails, automotive, building automation, consumer electronics, and others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global IoT sensors market include Robert Bosch GmbH, Infineon Technologies, InvenSense Inc., Libelium, ARM Holdings Plc., STMicroelectronics N.V., Honeywell International Inc., Ericsson and Digi International Inc., among others.
The report segments global IoT sensors market as follows:
Global IoT Sensors Market: Type Segment Analysis
Global IoT Sensors Market: Application Segment Analysis
Global IoT Sensors Market: Regional Segment Analysis
This report is based on in-depth qualitative and quantitative analyses of the global IoT Sensors market. Zion Research has collected and analyzed key data belong to the global IoT Sensors market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of IoT Sensors across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the IoT Sensors industry. Primary research makes up the major source of data collection and validation.
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the IoT Sensors market.
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
IoT is a network that is embedded with sensors, network connectivity, electronics and software enabling physical objects to collect and exchange the data. Sensors in IoTplay vital role for measuring the physical quality of objects and enumerate it into a value which is further read by another device or user. IoT devices are equipped with different sensors which are capable of registering changes in pressure, motion, temperature, light, and sound. In the physical world, a number of objects can now communicate with each other through embedded IoT sensors, and actuators.
Increasing usage of IoT sensor in the automotive sector and booming industrial IoT sensor are major factors which driving the growth of IoT sensor market. Further, rising demand of smart TV in consumer electronics sector is escalating the demand of IoT sensor market. Increasing adoption of smartphones and related product are the impelling demand of IoT sensor market. Furthermore, stringent government regulation and policies for developing smart cities is likely to offer new opportunities for IoT sensor market. However, privacy and security issues are restraining the market growth of IoT sensors.
IoT sensor market is segmented on the basis of type, application, and region. Types of the IoT sensor include temperature, accelerometer pressure sensor, gyroscope, magnetometer, light sensor and other. Pressure sensors and temperature sensors are expected to hold the major share of IoTsensor market over the forecast period. Temperature sensors are used for healthcare, automotive, and consumer electronics industries and have proved to be useful in catering growing demand for advanced automation in these sectors.The pressure sensor is also used in a variety of application including environmental monitoring devices, air sampling healthcare, remote sensing, air speed, industrial automation and leak detection. Healthcare, retail, building automation, consumer electronics and industrial are different application areas of IoT sensor market. Among this application, automotive and consumer electronics sectors dominated the IoT sensor market in 2016.
North America held the largest share of IoT sensor market and expected to accelerate the demand of this market.North America followed by Europe held the largest share in 2016. IoT sensors are increasingly being demanded in Asia Pacific due to the growing demand from the automotive sector.
Key participants in IoT sensor market are Infineon Technologies, InvenSense Inc., Libelium, ARM Holdings Plc., Robert Bosch GmbH, Digi International Inc., Honeywell International Inc., STMicroelectronics N.V. andEricsson among others.
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