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IoT Sensor Market : The Trends Driving Growth and Shaping the Future 2030

IoT Sensor

The IoT sensor market size is estimated to grow from USD 11.0 Billion in 2020 to USD 90.8 Billion by 2027, growing at a CAGR of 35.2% during the forecast year from 2021 to 2027. The budding applications and business models, tied together with the falling device costs, have been significantly driving the adoption of IoT, and accordingly, the number of connected devices – connected cars, meters, wearables, machines, and consumer electronics. With the emergence of smart cities, Car2Car connectivity and advanced fleet management are expected to come into view, thus, providing scope for IoT sensors.

This has fuelled rapid modernization and adoption of intelligent sensor technology, therefore, driving the demand for IoT sensors. The presence of several established vendors in North America region makes it one of the largest markets for IoT sensors. Most of the companies in North America region are gradually adopting IoT to keep track of their performance, as a consequence, avoiding costly breakdowns or unproductive routine maintenance shutdowns.

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The research covers the current and historic IoT sensor market size and its growth trend with company outline of Key players/manufacturers: ABB Ltd, Schneider Electric SE, TE Connectivity, Robert Bosch GmbH, OMRON Corporation, Sensata Technologies, Honeywell International Inc., TDK Corporation, STMicroelectronics NV, and Texas Instruments Inc. among others. The IoT sensor market research report provides an in-depth overview of the industry including market segmentation by type, technology, end-use and geography.

Analysis of the global market with special focus on high growth application in each vertical and fast-growing market segments. It includes detailed competitive landscape with identification of the key players with respect to each type of market, in-depth market share analysis with individual revenue, market shares, and top players rankings. Impact analysis of the market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes. Competitive intelligence from the company profiles, key player strategies, game-changing developments such as product launches and acquisitions.

The objective of this study is to identify the market opportunities and estimate market size by segments and countries for last few years and to forecast the values to the next five years. The report incorporates both the qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. The report also covers qualitative analysis on the market, by incorporating complete pricing and cost analysis of components & products, Porter’s analysis and PEST (Political, Economic, Social & Technological factor) analysis of the market. The report also profiles all major companies active in this field.

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Major Classifications are as follows: By Type

  • Temperature sensors
  • Pressure sensors
  • Humidity sensors
  • Flow sensors
  • Accelerometers
  • Magnetometers
  • Gyroscopes
  • Inertial sensors
  • Image sensors
  • Touch sensors
  • Proximity sensors
  • Acoustic sensors
  • Motion sensors
  • Occupancy sensors
  • CO2 sensors
  • Others

By Technology

  • Wired Network
  • Wireless Network

By End-Use

  • Consumer
  • Home Automation
  • Smart City
  • Wearable Electronics
  • Commercial
  • Retail
  • Aerospace and defense
  • Logistic & supply chain
  • Entertainment
  • Financial institutes
  • Corporate offices
  • Industrial
  • Energy
  • Industrial automation
  • Transportation
  • Healthcare
  • Smart Agriculture

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About MarketDigits:
MarketDigits is one of the leading business research and consulting companies that helps clients to tap new and emerging opportunities and revenue areas, thereby assisting them in operational and strategic decision-making. We at MarketDigits believe that market is a small place and an interface between the supplier and the consumer, thus our focus remains mainly on business research that includes the entire value chain and not only the markets.
We offer services that are most relevant and beneficial to the users, which help businesses to sustain in this competitive market. Our detailed and in-depth analysis of the markets catering to strategic, tactical, and operational data analysis & reporting needs of various industries utilize advanced technology so that our clients get better insights into the markets and identify lucrative opportunities and areas of incremental revenues.

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