(MENAFN - GetNews) IoT Sensor Market, By Component (Hardware, Software), By Type (Proximity, Acoustic, Temperature, Pressure, Flow, Humidity, Inertial, Image, Motion, CO2, Gyroscope, Occupancy, Magnetometer), By Network Technology, By Vertical - Forecast 2023
The global IoT sensor market that foretells expansion for this market at 42% CAGR (Compound Annual Growth Rate) during the forecast period between 2017 and 2023. In terms of value, the amount of CAGR revenue has been calculated as close to US $ 40 billion
Considering the rapid growth of science and technology, demand is growing for electronic security, especially regarding the security features with remote identification via the internet. Therefore, in the near future, the Internet of Things (IoT) is likely to attract high investment and generate higher revenue, adding a new chapter to the growth of Information Technology (IT) industry. It is the demand for IoT that is getting IT companies, clients from non-IT industry verticals like industrial, commercial, and consumer. As the variety rises, IoT based devices are becoming available as body wear, footwear, eyewear, wrist wear, neckwear, and others.
The key factors driving the growth of the global IoT sensor market is the necessity of connected devices. Other factors contributing to the market growth are the increasing adoption of smart devices & wearables, increasing preference for nominally priced smarter IoT devices among various industries & institutions, and government aid with regards to manufacturing & distribution of IoT sensors. Therefore, their demand is increasing across different industries.
Get a Free Sample @https://www.marketresearchfuture.com/sample_request/4399
Major Key players
- Analog Devices, Inc. (USA)
- Broadcom Limited (USA)
- Honeywell International, Inc. (USA)
- Infineon Technologies Ag (Germany)
- Johnson Controls International PLC. (Ireland)
- Robert Bosch GmbH (Germany)
- Sony Corporation (Japan)
- STMicroelectronics N.V. (Switzerland)
- TE Connectivity Ltd. (USA)
- Texas Instruments Incorporated (USA)
The global IoT sensors market has been segmented on the basis ofnetwork technology, component, type, vertical, and lastly, region. The Component-based segmentation of this market covers the hardware platform and software platform. Hardware can be primarily segmented into energy management, consumer devices, lighting control systems, fire protection systems, and security & access control systems. Other segments of hardware can be listed as consumer appliances, home theatre projectors, next-generation game consoles, set-top boxes, smart TVs, and wearable devices. Common examples of consumer appliances include a smart oven, smart dishwasher, smart washing machine, and a smart refrigerator. Software platforms have been segmented into data management, application security, location analytics, network bandwidth management, network security, real-time/streaming analytics, and remote monitoring system.
Based on network technology, the global IoT sensors market can be broadly segmented into wired network technology and wireless network technology. Wired network technology covers the Ethernet, digital addressable lighting interface, LonWorks, KNX (Konnex), and Modbus. Wireless network technology includes Bluetooth, EnOcean, and digital enhanced cordless telecommunications - ultra-low energy (DECT-ULE). Wireless network technology also covers Profibus, near-field communication (NFC), thread, radio-frequency identification (RFID), Wi-Fi, WHART, Z-Wave, ZigBee, and others.
During the forecast period, the Asia Pacific region isexpected to emerge as the fastest growing regional market. Due to the reasons same as the USA, biggest country-specific markets for IoT sensors are India, China, Japan, and South Korea, followed by remaining countries of the Asia Pacific region. Europe is the third largest regional market. In this region, due to technological advancement, the maximum demand, supply, usage and the presence of key industry players can be seen in Germany, France, Italy and the United Kingdom (UK)
Browse Complete Report @https://www.marketresearchfuture.com/reports/iot-sensor-market-4399
List of Tables
TABLE 1 IOT SENSOR MARKET, BY COMPONENT
TABLE 2 IOT SENSOR MARKET, BY TYPE
TABLE 3 IOT SENSOR MARKET, BY NETWORK TECHNOLOGY
TABLE 4 IOT SENSOR MARKET, BY VERTICAL
TABLE 5 IOT SENSOR MARKET, BY REGIONS
TABLE 6 NORTH AMERICA IOT SENSOR MARKET, BY COMPONENT
TABLE 7 NORTH AMERICA IOT SENSOR MARKET, BY TYPE
TABLE 8 NORTH AMERICA IOT SENSOR MARKET, BY NETWORK TECHNOLOGY
TABLE 9 NORTH AMERICA IOT SENSOR MARKET, BY VERTICAL
TABLE 10 U.S. IOT SENSOR MARKET, BY COMPONENT
TABLE 11 U.S. IOT SENSOR MARKET, BY TYPE
TABLE 12 U.S. IOT SENSOR MARKET, BY NETWORK TECHNOLOGY
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.
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar