New York, Feb. 05, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global IoT Sensors Market By Sensor Type, By Network Type, By Application, By Company, By Region, Forecast & Opportunities, 2026" - https://www.reportlinker.com/p06020709/?utm_source=GNW
The Global IoT Sensors Market is expected to grow at an impressive rate during the forecast period.The Global IoT Sensors Market is driven by the growing applications of IoT across the various end-user industries especially the healthcare industry.
Additionally, the growing demand for wearable devices is further expected to foster the market growth.Besides, benefits such as compact size, affordable prices, ease of use, among others associated with the IoT sensors is expected to drastically increase their demand over the next few years.
However, data privacy and security concerns can slow down the market growth during the forecast period.
The Global IoT Sensors Market is segmented based on sensor type, network type, application, company and region.Based on sensor type, the market can be categorized 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 others.
The gyroscopes segment is expected to dominate the market during the forecast period. this can be ascribed to the growing adoption of automation across the various end-user industries. Additionally, the growing demand for remotely operated vehicle guidance further drives the segmental growth. Based on network type, the market can be bifurcated into wired and wireless. The wireless segment is expected to dominate the market on account of their low installation and maintenance costs. Besides, growing adoption of cloud and increasing amount of data being generated from various wireless sources such as smart grids, connected devices, mobile phones, among others is expected to positively influence the segmental growth.
Regionally, the Global IoT Sensors Market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa.Among these regions, North America is expected to dominate the overall IoT sensors market owing to the widespread adoption of wireless sensors and networks across the various end-user industries such as healthcare, consumer electronics, automotive, oil & gas, among others.
While, Asia Pacific is expected to register the highest growth in the market attributable to the improving IT infrastructure and expansion of the major market players in the region especially in countries like India and China.
The major players operating in the Global IoT Sensors Market are Texas Instruments, TE Connectivity, STMicroelectronics, Broadcom, NXP Semiconductors, Invensense, Inc, Analog Devices, Inc., Omron Corporation, Siemens AG, Murata Manufacturing and others. Major companies are developing advanced technologies and launching new services in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
Objective of the Study:
• To analyze and estimate the market size of the Global IoT Sensors Market from 2016 to 2019.
• To estimate and forecast the market size of the Global IoT Sensors Market from 2020 to 2026 and growth rate until 2026.
• To classify and forecast the Global IoT Sensors Market based on sensor type, network type, application, company and regional distribution.
• To identify dominant region or segment in the Global IoT Sensors Market.
• To identify drivers and challenges for the Global IoT Sensors Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global IoT Sensors Market.
• To identify and analyze the profile of leading players operating in the Global IoT Sensors Market.
• To identify key sustainable strategies adopted by market players in the Global IoT Sensors Market.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of service providers across the globe.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the service providers which could not be identified due to the limitations of secondary research. The analyst examined the service providers, distribution channels and presence of all major players across the globe.
The analyst calculated the market size of the Global IoT Sensors Market by using a bottom-up approach, wherein the data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
• IoT sensors provider companies
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to IoT sensors
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.
Report Scope:
In this report, the Global IoT Sensors Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Global IoT Sensors Market, By Sensor Type:
o Temperature sensors
o Pressure sensors
o Humidity sensors
o Flow sensors
o Accelerometers
o Magnetometers
o Gyroscopes
o Inertial sensors
o Image sensors
o Touch sensors
o Proximity sensors
o Acoustic sensors
o Motion sensors
o Occupancy sensors
o CO2 sensors
o Others
• Global IoT Sensors Market, By Network Type:
o Wired
o Wireless
• Global IoT Sensors Market, By Application:
o Home Automation
o Wearable Electronics
o Smart City
o Retail
o Industrial Automation
o Aerospace & Defense
o Healthcare
o Smart Agriculture
o Others
• Global IoT Sensors Market, By Region:
o North America
United States
Canada
Mexico
o Europe
Germany
France
United Kingdom
Italy
Spain
o Asia-Pacific
China
Japan
India
South Korea
Australia
o Middle East & Africa
South Africa
Saudi Arabia
UAE
Kuwait
o South America
Brazil
Argentina
Colombia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global IoT Sensors Market.
Available Customizations:
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p06020709/?utm_source=GNW
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