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GLOBAL IOT SENSORS MARKET FORECAST 2019-2027

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GLOBAL IOT SENSORS MARKET FORECAST 2019-2027

 Global IoT sensors market is estimated to grow with 24.93% CAGR during the forecast period 2019-2027. The Internet of Things is the concept of connecting any device to the Internet and other devices. The IoT is a huge network of surrounding devices and database data to people, where it collects and shares data about the way these devices are used. IoT includes an extraordinary number of things of all shapes and sizes.

GLOBAL IOT SENSORS MARKET FORECAST 2019-2027

Global Iot Sensors Market by Sensor Type (Temperature Iot Sensors, Flow Iot Sensors, Level Iot Sensors, Pressure Iot Sensors, Position Iot Sensors, Other Iot Sensors), by Application (Building Application, Industrial Application, Automotive Application, Healthcare Application, Retailing & Logistics Application, Security Application, Agriculture Application and Other Applications) by Geography

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Global IoT sensors market is estimated to grow with 24.93% CAGR during the forecast period 2019-2027. The Internet of Things is the concept of connecting any device to the Internet and other devices. The IoT is a huge network of surrounding devices and database data to people, where it collects and shares data about the way these devices are used.

IoT includes an extraordinary number of things of all shapes and sizes. For example, smart microwaves-which can automatically cook food at the required time; self-driving cars, whose complex sensors detect objects in their path; wearable fitness devices that measure the heart rate and the number of steps one has taken that day, then utilizing that information to recommend exercise plans.

A sensor is a device that can sense or detect changes in an environment around it. Individually, a sensor is of no use, but when used in an electronic system, it plays a substantial role. A sensor measures a physical phenomenon (like temperature, pressure, and so on) and transforms it into an electric signal. For instance, some footballs are implanted with sensors which can track their speed and distance covered upon flinging and record those statistics via an app for future training sessions.

IOT Sensors Market

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The important core features of a good sensor are:

  • Should not modify the measured phenomenon during the measurement process
  • Sensitive to the phenomenon that it measures
  • Not sensitive to other physical phenomena

Sensors are the prime elements of the IoT and are its front hardware carrying out the critical work of monitoring processes, taking measurements and collecting data. They are often one of the first steps towards implementation of IoT. Sensors such as temperature sensor, flow sensor, level sensor, pressure sensor and position sensor are used in the IoT applications.

Factors that are driving the growth of the market are:

  • Growing demand for wearables and connected devices
  • Increasing internet penetration
  • High adoption rate across industries
  • Reduction in cost
  • Fast adoption of smart devices

Concerns about reliability and data security are expected to hamper the growth of the market. Adoption of IoT by small & medium-sized businesses, increasing implementation of IoT for predictive maintenance and government initiatives & funding for IoT create multiple opportunities for the market to grow. Characteristics like interoperability of sensors, bandwidth limitation and low battery life can challenge the IoT market.

The IoT sensors market has been segmented on the basis of sensor type, application and geography.

Based on the sensor type, the market is sub-segmented into temperature IoT sensors, flow IoT sensors, level IoT sensors, pressure IoT sensors, position IoT sensors and other IoT sensors.

Based on the application, the market is sub-segmented into building automation, industrial application, automotive application, healthcare application, retailing & logistics, security, agriculture and other applications.

Global IoT sensors market is segmented as:

  • Market by sensor type
    • Temperature IoT sensors
    • Flow IoT sensors
    • Level IoT sensors
    • Pressure IoT sensors
    • Position IoT sensors
    • Other IoT sensors
  • Market by application
    • Building automation
  • Home automation
  • Utility metering
  • Water & waste management
    • Industrial application
    • Automotive application
    • Healthcare application
    • Retailing & logistics application
    • Security application
    • Agriculture application
    • Other applications

Geographically, the global IoT sensors market has been segmented on the basis of four major regions, which include:

North America accounted for the largest share of the global IoT sensors market in 2018 and is expected to remain dominant throughout the forecast period. The increasing internet usage in technologically advancing economies and the growing adoption of wireless sensors and networks across major applications such as automotive and transportation, industrial, healthcare, oil & gas, and consumer electronics propel the growth of the IoT sensors market.

The major market players of the global IoT sensors market are:

      • Texas instruments
      • Broadcom inc.
      • Nxp semiconductors
      • Stmicroelectronics
      • Bosch sensortec
      • Tdk invensense
      • Infineon technologies
      • Analog devices
      • Omron adept technologies
      • Te connectivity orimtec

Company profiles of the prominent market players are discussed in detail. Most of the companies look for strategies such as merger & acquisition, partnership, contracts, agreements, new product launch, to gain a competitive edge over other companies.

Key Findings of the global IoT sensors market:

  • Level IoT Sensors Is Projected To Grow At A Significant Cagr
  • Industrial Use Of IoT Sensors Is The Fastest Growing Application
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • LEVEL IOT SENSORS IS PROJECTED TO GROW AT A SIGNIFICANT CAGR
      • INDUSTRIAL USE OF IOT SENSORS IS THE FASTEST GROWING APPLICATION
  1. MARKET DYNAMICS
    • MARKET DEFINITION & SCOPE
    • MARKET DRIVERS
      • GROWING DEMAND FOR WEARABLES AND CONNECTED DEVICES
      • INCREASING INTERNET PENETRATION
      • HIGH ADOPTION RATE ACROSS INDUSTRIES
      • REDUCTION IN COST
      • FAST ADOPTION OF SMART DEVICES
    • MARKET RESTRAINTS
      • CONCERNS REGARDING RELIABILITY AND DATA SECURITY
    • MARKET OPPORTUNITIES
      • ADOPTION OF IOT BY SMALL AND MEDIUM-SIZED BUSINESS
      • INCREASING IMPLEMENTATION OF IOT FOR PREDICTIVE MAINTENANCE
      • GOVERNMENT INITIATIVES AND FUNDING FOR IOT PROJECT
    • MARKET CHALLENGES
      • INTEROPERABILITY OF SENSORS
      • BANDWIDTH LIMITATION
      • LOW BATTERY LIFE
  1. MARKET BY SENSOR TYPE
    • TEMPERATURE IOT SENSORS
    • FLOW IOT SENSORS
    • LEVEL IOT SENSORS
    • PRESSURE IOT SENSORS
    • POSITION IOT SENSORS
    • OTHER IOT SENSORS
  2. MARKET BY APPLICATION
    • BUILDING AUTOMATION
      • HOME AUTOMATION
      • UTILITY METERING
      • WATER & WASTE MANAGEMENT
    • INDUSTRIAL APPLICATION
    • AUTOMOTIVE APPLICATION
    • HEALTHCARE APPLICATION
    • RETAILING & LOGISTICS APPLICATION
    • SECURITY APPLICATION
    • AGRICULTURE APPLICATION
    • OTHER APPLICATIONS
  3. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF COMPETITIVE RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
  4. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • FRANCE
      • GERMANY
      • SPAIN
      • ITALY
      • RUSSIA
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • JAPAN
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC (RoAPAC)
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST AND AFRICA
  1. COMPETITIVE LANDSCAPE
    • COMPANY PROFILE
      • TEXAS INSTRUMENTS
      • BROADCOM INC.
      • NXP SEMICONDUCTORS
      • STMICROELECTRONICS
      • BOSCH SENSORTEC
      • TDK INVENSENSE
      • INFINEON TECHNOLOGIES
      • ANALOG DEVICES
      • OMRON ADEPT TECHNOLOGIES
      • TE CONNECTIVITY

LIST OF TABLES 

TABLE 1 GLOBAL IOT SENSORS MARKET, BY GEOGRAPHY, 2019-2027, (IN $ MILLION)

TABLE 2 GLOBAL IOT SENSORS MARKET, BY SENSOR TYPE, 2019-2027, (IN $ MILLION)

TABLE 3 GLOBAL TEMPERATURE IOT SENSORS MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 4 GLOBAL FLOW IOT SENSORS MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 5 GLOBAL LEVEL IOT SENSORS MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 6 GLOBAL PRESSURE IOT SENSORS MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 7 GLOBAL POSITION IOT SENSORS MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 8 GLOBAL OTHER IOT SENSORS MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 9 GLOBAL IOT SENSORS MARKET, BY APPLICATION, 2019-2027, (IN $ MILLION)

TABLE 10 GLOBAL BUILDING AUTOMATION MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 11 GLOBAL IOT SENSORS MARKET, BY BUILDING AUTOMATION, 2019-2027, (IN $ MILLION)

TABLE 12 GLOBAL INDUSTRIAL APPLICATION MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 13 GLOBAL AUTOMOTIVE APPLICATION MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 14 GLOBAL HEALTHCARE APPLICATION MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 15 GLOBAL RETAILING & LOGISTICS APPLICATION MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 16 GLOBAL SECURITY APPLICATION MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 17 GLOBAL AGRICULTURE APPLICATION MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 18 GLOBAL OTHER APPLICATIONS MARKET, BY REGION, 2019-2027, (IN $ MILLION)

TABLE 19 OPPORTUNITY MATRIX

TABLE 20 VENDOR LANDSCAPE

TABLE 21 GLOBAL IOT SENSORS MARKET, BY GEOGRAPHY, 2019-2027, (IN $ MILLION)

TABLE 22 NORTH AMERICA IOT SENSORS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 23 EUROPE IOT SENSORS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 24 ASIA PACIFIC IOT SENSORS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 25 REST OF WORLD IOT SENSORS MARKET, BY REGIONS, 2019-2027 (IN $ MILLION)

LIST OF FIGURE

FIGURE 1 GLOBAL IOT SENSORS MARKET SHARE, BY APPLICATION 2018 & 2027 (%)

FIGURE 2 LEVEL IOT SENSORS MARKET, 2019 – 2027 (IN $ MILLION)

FIGURE 3 INDUSTRIAL APPLICATION FOR IOT SENSORS MARKET, 2019 – 2027 (IN $ MILLION)

FIGURE 4 PORTER’S FIVE FORCE MODEL

FIGURE 5 GLOBAL IOT SENSORS MARKET, REGIONAL OUTLOOK, 2018 & 2027, (%)

FIGURE 6 UNITED STATES IOT SENSORS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 7 CANADA IOT SENSORS MARKET, 2019-2027 (IN $ MILLION

FIGURE 8 UNITED KINGDOM IOT SENSORS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 9 FRANCE IOT SENSORS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 10 GERMANY IOT SENSORS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 11 SPAIN IOT SENSORS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 12 ITALY IOT SENSORS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 13 RUSSIA IOT SENSORS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 14 REST OF EUROPE IOT SENSORS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 15 CHINA IOT SENSORS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 16 INDIA IOT SENSORS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 17 JAPAN IOT SENSORS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 18 SOUTH KOREA IOT SENSORS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 19 AUSTRALIA IOT SENSORS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 20 REST OF APAC IOT SENSORS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 21 LATIN AMERICA IOT SENSORS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 22 MIDDLE EAST AND AFRICA IOT SENSORS MARKET, 2019-2027 (IN $ MILLION)

  1. MARKET BY SENSOR TYPE
    • TEMPERATURE IOT SENSORS
    • FLOW IOT SENSORS
    • LEVEL IOT SENSORS
    • PRESSURE IOT SENSORS
    • POSITION IOT SENSORS
    • OTHER IOT SENSORS
  2. MARKET BY APPLICATION
    • BUILDING AUTOMATION
      • HOME AUTOMATION
      • UTILITY METERING
      • WATER & WASTE MANAGEMENT
    • INDUSTRIAL APPLICATION
    • AUTOMOTIVE APPLICATION
    • HEALTHCARE APPLICATION
    • RETAILING & LOGISTICS APPLICATION
    • SECURITY APPLICATION
    • AGRICULTURE APPLICATION
    • OTHER APPLICATIONS
  3. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • FRANCE
      • GERMANY
      • SPAIN
      • ITALY
      • RUSSIA
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • JAPAN
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC (RoAPAC)
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST AND AFRICA

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