The research and analysis conducted in IoT Sensor Market Report helps clients to predict investment in an emerging market, expansion of market share or success of a new product with the help of global market research analysis. This report has been designed in such a way that it provides very evident understanding of the business environment and IoT Sensor industry. Nevertheless, this global market research report unravels many business problems very quickly and easily. Due to high demand and the value of market research for the success of different sectors, IoT Sensor Market report is provided that covers many work areas.
Global IoT sensor market is projected to register a CAGR of 36.3% in the forecast period of 2019 to 2026.
The IoT sensors are one of the most crucial and equipped with IoT cloud based applications. It is connected wirelessly to the mainframe system that is used for identification. The main purpose is to collect data and control the surrounding environments through its different sensors such as temperature sensors, humidity sensors and others. The IoT sensors offer a wide range of application in tracking, security, safety and detecting in different industries. It is used in industrial and automotive, development of smart cities, mining industry, electronics and consumables industry applications.
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Segmentation: Global IoT Sensor Market
Global IoT sensor market is segmented into three notable segments which are sensor type, technology and vertical.
- On the basis of sensor type, the market is segmented into 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 and light sensors and radar sensors. In 2018, pressure sensor is likely to dominate market and growing at a highest CAGR in the forecast period of 2019 to 2026.
- In February 2018, Sierra Wireless, Inc. (Canada) launched a new LPWA cellular router for commercial and enterprise IoT platforms. This cellular router solution focuses on providing embedded applications which is integrated with cloud services and APIs.
- On the basis of vertical, the market is segmented into consumer, commercial and industrial. In 2018, Industrial Vertical is likely to dominate market and growing at a highest CAGR in the forecast period of 2019 to 2026.
- In June 2018, Sierra Wireless, Inc. (Canada) launched a Next-Generation mangOH, it’s an open source platform that enabled the applications in industrial IoT platforms. This solution was developed to provide sensors and actuators for battery and mobile power applications.
- On the basis of technology, the market is segmented into wireless & wired technology. In 2018, wired technology is likely to dominate market and growing at a highest CAGR in the forecast period of 2019 to 2026.
- In February 2018, NXP launched IoT-on-a-Chip which advances in edge computing. It has the major features like tight integration, high performance.
Competitive Analysis: Global IoT Sensor Market
Some of the prominent participants operating in this market are Sierra Wireless, Inc., Moxa Inc., GENERAL ELECTRIC, Skyworks Solution Inc., Infineon Technologies AG, Honeywell International Inc., Texas Instruments Incorporated, Siemens Healthcare GmbH, CANON MEDICAL SYSTEMS CORPORATION, NXP Semiconductors, STMicroelectronics, IBM, Sensata Technologies, Inc, Robert Bosch GmbH, TE Connectivity and Qualcomm Technologies, Inc.
- In December 2018, GE announced to launch an independent company which will be only focused on comprehensive Industrial IoT with an initial investment of USD 1.2 billion. This will enable company to expand its IoT market.
- In December 2018, Sierra Wireless IoT Services has been selected by Security Alarms & Co. for smart home security solutions which will enable highly resilient cellular connectivity
- In October2018, Bosch partnerships with Huawei in china to make the Iot suit software of bosch on Huawei cloud. This will give a boost to bosch in Asian market.
- In August 2018, siemens acquired mendix to strengthen its digital business. The acquisition of mendix was of around 0.6 billion euros. The major objective of this acquisition was to strengthen industrial IoT application development.
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Major Highlights of IoT Sensor market in Covid-19 pandemic covered in report:
The report provides impact of COVID-19 on IoT Sensor market along with its impact on overall industry and economy of world. Further, it adds changes in consumer buying behavior as it impacts majorly on market growth and sales. Distributors and traders on marketing strategy analysis focusing on region wise needs in covid-19 pandemic is also added in the IoT Sensor market report. The last segment of COVID-19 impact chapter include recovery and major changes opted by major players involved in IoT Sensor market.
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Table of Content:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SIZING
PART 07: FIVE FORCES ANALYSIS
PART 08: MARKET SEGMENTATION BY PRODUCT
PART 09: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
PART 10: CUSTOMER LANDSCAPE
PART 11: MARKET SEGMENTATION BY END-USER
PART 12: REGIONAL LANDSCAPE
PART 13: DECISION FRAMEWORK
PART 14: DRIVERS AND CHALLENGES
PART 15: MARKET TRENDS
PART 16: COMPETITIVE LANDSCAPE
PART 17: COMPANY PROFILES
PART 18: APPENDIX
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