The global IoT sensors market size reached USD 15.58 Billion in 2021 and is expected to register a revenue CAGR of 28.3% during the forecast period, according to latest analysis by Emergen Research. Rapid advancement in industrial technologies such as Industry 4.0 and Industrial Internet of Things (IoT) as well as increased implementation of IoT sensors owing to cost-effectiveness and compact design are a few of the key factors driving the market revenue growth. Surging demand for Micro-Electromechanical Systems (MEMS) for better consumer electronics is also contributing to revenue growth of the market.
There has been numerous research and development activities are underway to enhance IoT Sensors products and new innovative technologies. The report deals with numerous research objectives, investments plans, business strategies, import-export scenario, and supply-demand scenario. To help in strategic planning, key stakeholders can use the tables and figures from this report to gather statistics. It provides insights into key production, revenue and consumption trends for players in order to increase sales and growth within the global IoT Sensors Market.
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IoT Sensors Market Report 2022 is one of a series of new reports from The Emergen Research Company that provides plant factory industry overview, IoT Sensors market analysis and forecasts market size and growth for the global plant factory market, IoT Sensors market segments and geographies, IoT Sensors market players, IoT Sensors market leading competitor revenues, profiles and market shares. The plant factory market research report identifies top countries and segments for opportunities and strategies based on market trends and key competitors’ approaches.
IoT Sensors Market: Analysis by focusing on Competitive landscape and Key Developments
General Electric, TE Connectivity, NXP Semiconductors, Texas Instruments Incorporated, STMicroelectronics, OMRON Corporation, Siemens, Infineon Technologies AG, Murata Manufacturing Co, and InvenSense (TDK).
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The research then uncovers market opportunities that are simple and gives the business valuable information that will help it thrive in the global IoT Sensors market. The report contains detailed information on the factors that will increase the market’s growth over the next few years, from 2022-2030. The report discusses market segmentation, key players and types of applications, as well as rapid growth in key markets.
key findings from the report suggest
- Pressure sensor segment accounted for a significant revenue share in 2021. Cost-effectiveness, higher durability, as well as good resistance to vibration, shock, and dynamic pressure changes are some of the major factors driving revenue growth of the segment. Also, the ability to operate at high temperatures and low response times is driving the demand for pressure sensors for various applications such as fluid mechanics, aerodynamics, thermodynamics, soil mechanics, and biophysics. Additionally, integration with an IoT system, allow pressure sensors such as piezo sensors to detect real-time pressure fluctuations which are driving demand for pressure sensors, specifically in the industrial sector.
- Wireless segment accounted for the largest revenue share in 2021. Ease of collection of information about the surrounding environment over a prolonged period with reduced manual effort is one of the major factors driving revenue growth of the segment. Moreover, the wireless segment offers efficient measurement of a variety of variables from air temperature and vibration. Utilization of wireless sensors enable organizations to monitor premises, as well as identify and track any suspicious activity.
- Industrial IoT segment accounted for a significant revenue share in 2021. Rising smart city development initiatives in various countries with increasing integration of smart electronic devices in the home are a few of the factors driving revenue growth of the segment. Automated IoT-connected wireless systems enable easy monitoring of health issues. Furthermore, the rising need for efficient and effective health monitoring systems and telemedicine is driving the industrial IoT segment forward. The need for a reliable transportation system is essential for infrastructure development, which is driving the demand for automated transportation.
The report further divides the IoT Sensors market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the IoT Sensors market.
Emergen Research has segmented global IoT sensors market on the basis of sensor type, network technology type, vertical, and region:
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Sensor Type Outlook (Revenue, USD Billion; 2019-2030)
- Pressure sensor
- Temperature sensor
- Flow sensor
- Humidity sensor
- Magnetometer
- Accelerometer
- Inertial sensor
- Gyroscope
- Touch sensor
- Image sensor
- Acoustic sensor
- Proximity sensor
- Occupancy sensor
- Others
-
Network Technology Type Outlook (Revenue, USD Billion; 2019-2030)
- Wired
- Lonworks
- KNX
- Ethernet
- Modbus
- Digital Addressable Lighting Interface (DALI)
- Wireless
- Wifi
- Zigbee
- Bluetooth
- Z-wave
- NFC
- ENOCEAN
- RFID
- GPS
- Others
- Wired
The study segments the IoT Sensors industry in light of major classification such as product type, potential markets, application, and end-user. This industry assessment for the forecast period, 2021 – 2028 incorporates projections pertaining to the investment feasibility, gross margin, profits, consumption volume, production capability and major market vendors. Likewise, statistics associated with the competitive landscape, shifting consumer behaviour and spending power is showcased and well-explained with the help of treasured resources such as charts, graphs and graphic images, which can be easily incorporated in the business or corporate presentations.
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Key point summary of the report:
- The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
- It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
- The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
- It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
- Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
- The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
- The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.
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