To use this feature, join Babbler easily !
Babbler is a free tool for journalists
Do not suffer news anymore, control it
By signing up you will be able to contact hundreds of press officer :
To learn more, watch the video
You're 1 click away from signing up
What is Babbler!
Nice to see you again !
IoT Sensor Market Status and Outlook, Future Development 2018-2023
minutes reading time
minute reading time
Major giants like IBM Corporation and Texas Instruments are investing into IoT sensor market due to increasing demand from various industry verticals like commercial, consumer and industrial. Increasing need for real time computing of applications is one major factor fueling the growth of IoT sensor market. Texas Instruments is dominating the internet of things market and is considered to be the technology leader in IoT applications.
North America region holds the largest market share of global IoT sensor market followed by Europe and Asia Pacific regions. The growth is North America region is mainly dominated by U.S. and Canada and is attributed to the increasing demand for mobile communication and consumer electronics in the region. The region also has a well-established infrastructure which allows implementation of advanced technologies.
IoT sensor market has been segmented on the basis of component, type, network technology and vertical. The type segment is further bifurcated into proximity sensor, acoustic sensor, temperature sensor, pressure sensor, flow sensor, humidity sensor, inertial sensor, touch sensor, image sensor, motion sensor, occupancy sensor, CO2 sensor, accelerometer, magnetometer, gyroscope and others. Out of which, the pressure sensor market is expected to hold the largest market share of the IoT sensor market. This is owing to the increasing number of applications of IoT sensors in various sectors like healthcare, industrial automation, transportation and consumer electronics.
Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/4399
IoT Sensor Market Segmentation
IoT sensor market has been segmented on the basis of component, type, network technology and vertical. The network technology segment is bifurcated into wired network technology and wireless network technology. Out of which, wireless network technology segment is expected to hold the largest market share of the overall IoT sensor market. The wireless network technology segment is further bifurcated into Wi-Fi, Bluetooth, ZigBee, Z-Wave, NFC, RFID, EnOcean, ProfiBus, Thread, WHART, DECT-ULE and others. The wireless technology sub segment is more popular owing to its flexibility and low maintenance costs associated with it
According to Market Research Future Analysis, IoT sensor market has been valued at approx. USD 40 Billion by the end of forecast period with 42% of CAGR during forecast period 2017 to 2023.
The prominent players in IoT sensor market are – Texas Instruments Incorporated (U.S.), STMicroelectronics N.V. (Switzerland), TE Connectivity Ltd. (U.S.), Infineon Technologies Ag (Germany), Analog Devices, Inc. (U.S.), Broadcom Limited (U.S.), Robert Bosch GmbH (Germany), Johnson Controls International Plc. (Ireland), Sony Corporation (Japan), Honeywell International, Inc. (U.S.) among others.
Browse Full Report @ https://www.marketresearchfuture.com/reports/iot-sensor-market-4399
The regional analysis of IoT sensor market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in IoT sensor market in North America is attributed to technical advancements and increasing demand for IoT sensors across various applications in that region.
· Technology Investors
· Research/Consultancy Firms
· Infrastructure Providers
· Chip designers and fabricators
· Original equipment manufacturers (OEMs)
· Semiconductor Companies
· Embedded system companies
· Consumer Electronics Manufacturers
· Sensor Manufacturers
· Technology Providers
· Telecommunication companies
· Government Bodies
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Market Research Future
+1 646 845 9312
- Business Consulting Services
Congratulations, you're registered on Babbler!
Discover now all the news waiting for you on Babbler: visit your newsfeed.!
Your topics have been selected, you can change it by clicking here
- Business Consulting Services