IoT Sensor Market 2021-2027
New Study Reports " IoT Sensor Market 2021, Global Key Players Analysis, Share, Trends, Future Opportunities Forecasts 2027" has been Added on MarketResearchFuture.
Report Overview
This published report for the IoT Sensor Market analyzes and forecasts the marketing statistics of the product/service market on a global as well as the regional level. This detailed study IoT Sensor Market also offers the previous historical data along with the forecast from 2021 to 2027. The assessment of the IoT Sensor Market factors gives a brief overview of the impact on the demand over the forecast period. In addition to this, the report also studies the opportunities that are available in the report at the global level. An executive summary is also provided based on the industry snapshot for the period from 2021-2027.
IoT sensor market is expected to grow at approx. USD 40 Billion by 2023, at 42% of CAGR between 2017 and 2023.
In this rapidly changing world of technology, IoT Sensor market is projected to show major growth prospects during the forecast period. Major factor driving the IoT sensor market is the increasing adoption of internet of things devices and growing popularity of smart watches and other smart wearables.
The global IoT sensor market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World. As compared to other regions, the IoT Sensor market in North America is expected to witness significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of IoT Sensor market. This is owing to the presence of large number of established key players like IBM Corporation and Texas Instruments and growing demand for wearables and smart devices in that region. In addition to this, the region also has a well-established infrastructure which allows higher penetration of devices and ultimately provides better connectivity. Increasing demand for connected devices is expected to be a major factor for the growth of IoT sensor market. Growing demand for digital signage and other are other factors driving the growth of IoT Sensor market in the region.
In the global IoT Sensor market, Asia Pacific is anticipated to witness relatively faster adoption and is expected to grow at the highest CAGR during the forecast period as compared to other regions. Within Asia Pacific, IoT Sensor market is projected to contribute faster to the growth of revenue backed by increasing demand for mobile devices and growing need for internet of things devices in countries such as Japan, China, South Korea and India. This is owning to the presence of key players like Sony Corporation in the region.
Key Players
The report has profiled some of the Important players prevalent in the global like – 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.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the IoT Sensor.
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IoT Sensor Market Segmentation
The IoT sensor market has been segmented on the basis of component, type, network technology and vertical.
The vertical segment is broadly bifurcated into commercial IoT, consumer IoT and industrial IoT. Out of which, the consumer IoT vertical is expected to hold the largest market share of IoT sensor market. Consumer IoT vertical is further bifurcated into home automation, smart city and wearable electronics. Increasing demand for smart wearables and growing popularity of internet of things devices is majorly driving the growth of IoT sensor market.
Market Research Analysis:
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 use of mobile devices, tablets and smartphones in that region.
Key Stakeholders
IoT Sensor Market Manufacturers
IoT Sensor Market Distributors/Traders/Wholesalers
IoT Sensor Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Complete Report Details@ https://www.marketresearchfuture.com/reports/iot-sensor-market-4399
Major Key Points from Table of Content:
1 Executive Summary
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Global IoT Sensor Market, By Component
6 Global IoT Sensor Market, by Technology
7 Global IoT Sensor Market, by Application
8 Global IoT Sensor Market, By Industry
9 Global IoT Sensor Market, By Region
10 Competitive Landscape
And more
Continued...
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