The North American region contributes the major shares of the global IoT sensor market. This region propels the market by a staggering CAGR of 26.84% for the forecast period 2019-2027. The rapid adoption and burgeoning demand for smart devices with wearable or portable features, mostly due to cost reduction are evoking a rapid market growth in the region. The United States is the major contributor in the North American IoT sensors market.
NORTH AMERICA IOT SENSORS MARKET FORECAST 2019-2027
North America 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
The North American region contributes the major shares of the global IoT sensor market. This region propels the market by a staggering CAGR of 26.84% for the forecast period 2019-2027. The rapid adoption and burgeoning demand for smart devices with wearable or portable features, mostly due to cost reduction are evoking a rapid market growth in the region. The United States is the major contributor in the North American IoT sensors market.
The US government is integrating IoT sensors into systems that play important roles in the daily life of consumers. The utility of IoT in the traffic systems throughout the country for carrying out surveillance activities and traffic improvement can help make the cities and townships smarter. With the help of IoT sensors, tasks like regular soil checks for quality, patient health monitoring, aiding in the regulated dosage induction of medication drugs are carried out.
Major US manufacturers are restarting their production in the country which is proliferating the market growth. Also, the adoption of IoT sensors to build smart cities by involving domestic as well as multinational players to boost its infrastructure has further fuelled the growth of the IoT market.
Canadian business is implementing the Internet of Things (IoT) technology faster than expected to augment market productivity. The Public Policy Forum of the Canada government launched an exploration of key issues and opportunities for IoT and data analytics in Canada, which is further promoting the IoT integration among Canadian consumers.
The top market players of the North American IoT sensors market are Texas Instruments, NXP Semiconductors, STMicroelectronics, Broadcom Inc., Bosch Sensortec, ORIMtec, Infineon Technologies, Analog Devices, Omron Adept Technologies, TE Connectivity & TDK InvenSense.
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- RESEARCH SCOPE
- STUDY GOALS
- SCOPE OF THE MARKET STUDY
- WHO WILL FIND THIS REPORT USEFUL?
- STUDY AND FORECASTING YEARS
- RESEARCH METHODOLOGY
- SOURCES OF DATA
- SECONDARY DATA
- PRIMARY DATA
- TOP-DOWN APPROACH
- BOTTOM-UP APPROACH
- DATA TRIANGULATION
- SOURCES OF DATA
- 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
- 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 PROJECTS
- MARKET CHALLENGES
- INTEROPERABILITY OF SENSORS
- BANDWIDTH LIMITATION
- LOW BATTERY LIFE
- 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
- BUILDING AUTOMATION
- 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
- PORTER’S FIVE FORCE MODEL
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- UNITED STATES
- CANADA
- NORTH AMERICA
- COMPETITIVE LANDSCAPE
- COMPANY PROFILE
- TEXAS INSTRUMENTS
- BROADCOM INC.
- NXP SEMICONDUCTORS
- STMICROELECTRONICS
- BOSCH SENSORTEC
- TDK INVENSENSE
- INFINEON TECHNOLOGIES
- ANALOG DEVICES
- OMRON ADEPT TECHNOLOGIES
- TE CONNECTIVITY
- COMPANY PROFILE
TABLE LIST
TABLE 1 NORTH AMERICA IOT SENSORS MARKET, BY GEOGRAPHY, 2019-2027, (IN $ MILLION)
TABLE 2 OPPORTUNITY MATRIX
TABLE 3 VENDOR LANDSCAPE
TABLE 4 NORTH AMERICA IOT SENSORS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
FIGURE LISTÂ
FIGURE 1 NORTH AMERICA 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 NORTH AMERICA IOT SENSORS MARKET, COUNTRY OUTLOOK, 2018 & 2027, (%)
FIGURE 6 UNITED STATES IOT SENSORS MARKET, 2019-2027 (IN $ MILLION)
FIGURE 7 CANADA IOT SENSORS MARKET, 2019-2027 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- UNITED STATES
- CANADA
- NORTH AMERICA
- 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
- BUILDING AUTOMATION
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