Global Sensors in Internet of Things (IoT) Devices Market Size is estimated to expand rapidly in coming years, at a CAGR of 34.5 % from 2018 to 2025. In 2017, the global market valuation was USD 4.4 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. In an internet of things (IoT) system, there are two primary things which are required for the implementation of the product, which are, internet and the sensors. Thanks to the innovations in technology, sensors play a crucial role in our day-to-day life and as well as in IoT systems. Sensors help systems to collect the data and create feedback according to the data. Not all sensors have the same technology and IoT System requires various sensor kinds, including pressure sensors, temperature sensors, light sensors, chemical sensors, movement’s sensors and more.

Increasing use of sensors in IoT owing to their minimal size, reduced cost, and technological advancements is expected to boost the market for sensors in IoT. Moreover, increasing penetration of internet and automation industry will dominate the demand for IoT sensors in the forecast period.  Geographically, North America is expected to hold the largest share in the global market for sensors used in IoT systems.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global sensors in internet of things devices market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global sensors in internet of things devices market report have been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Sensor Type Insights: On the basis of sensor Type, global sensors in the internet of things devices market have been segmented into pressure, temperature, humidity, magnetometer, gyroscope, accelerometer, image, inertial. Among which the gyroscope sensor segment is expected to be the highest growing section. The growing demand for systems which are optimized for the applications such as navigation and satellite positioning is expected to boost the demand of sensors in IoT systems. Moreover growing automation in industries as well as in houses is expected to fuel the market demand of gyroscope sensors segment.  

By Network Technology Insights: On the basis of network technology, global sensors in the internet of things devices market has been segmented into wired and wireless. Among which wireless segment is expected to be the highest growing segment in the global market of sensors in IoT. Wireless communications from mobile devices, connected automobiles as well as smart infrastructures are increasingly demanded, among other things. Moreover, the implementation of wireless network systems is probably driven by variables such as the increasing acceptance of cloud platforms and reduced assembly and maintenance costs relative to mobile phones.

Regional Analysis

The sensors in internet of things devices market are divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.

From the geographical point of view, between 2018 and 2025 the industry in North America is anticipated to have the biggest stake in sensors in IoT devices market. Increasing use of internet among various industries as well as increasing demand of sensors among various verticals such as oil and gas, automotive and transportation and defense segment is expected to fuel the sensors market in North America. The market in Asia Pacific region is expected to grow at highest CAGR owing to the increasing penetration of internet among residential as well as the commercial segment, increasing demand of automation in the various verticals such as oil & gas, mining and Retail sector, and improving IT infrastructure.

Global Sensors in Internet of Things (IoT) Devices Market Size, Share Analysis by Region 2017

Global Sensors in Internet of Things (IoT) Devices Market Study Objective

1. To forecast the market size of sensors in internet of things devices market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of sensors in internet of things devices market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have a major impact on the growth of sensors in internet of things devices market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of sensors in internet of things devices market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the sensors in internet of things devices market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Texas Instruments, Te Connectivity, Broadcom (Avago), NXP Semiconductors, Stmicroelectronics, Bosch Sensortec, TDK (Invensense), Infineon Technologies, Analog Devices, Omron are some of the key players in the market of sensors in internet of things devices.

Global Sensors in Internet of Things (IoT) Devices Market Study Report Offer You!

The global sensors in internet of things devices market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.