Sensors in Internet of Things (IoT) Devices Market Segmented by End-user Industry and Geography - Growth, Trends, and Forecast (2020 - 2027)

Posted on Mar 11 2021 10:06 AM

"The global Sensors in Internet of Things (IoT) Devices market size was valued at USD 24.12 Billion in 2020 and is expected to expand at a (CAGR) of 30.8% from 2020 to 2027. "

The latest market intelligence study on the Sensors in Internet of Things (IoT) Devices market covers the performance of both the key vendors and new entrants for the forecast period, 2020 - 2027. Estimated value, profits, gross margin, spending power and consumption volume form an important part of the study that aims at offering the business owners, stakeholders, and marketing personnel a competitive edge over others. Importantly, the study discusses a lot about, the product application, classification and performance across different regions. The industry assessment report weighs upon the top performers and also the winning strategies that have enabled them to occupy a strong foothold in the Sensors in Internet of Things (IoT) Devices market.

Scope of the Report:

The industry evaluation report offers a snapshot of the technology trends in the Sensors in Internet of Things (IoT) Devices industry for the forecast period, 2020 - 2027. Projected data on intangible aspects such an import and export status, supply chain management, distribution channel, consumption capability and production capacity are explained through resources including tables, charts, and graphic images. Analysis of both the strengths and weaknesses of the key market players help business owners understand the strategies they should avoid and endorse.  

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Report Objectives

Examine the size of the global Sensors in Internet of Things (IoT) Devices market based on the parameters of value and volume.

Accurately calculate the market shares, consumption, and other essential aspects of different segments of the global Sensors in Internet of Things (IoT) Devices market.

Explore the underlying dynamics of the global Sensors in Internet of Things (IoT) Devices market.

Highlight significant trends of the global Sensors in Internet of Things (IoT) Devices market based on factors including, production, revenue, and sales.

Extensively profile top players of the global Sensors in Internet of Things (IoT) Devices market and showing how they compete in the industry.

Study manufacturing processes and the costs, product pricing, and various trends associated with them.

Analyze the performance of different regions and countries in the global Sensors in Internet of Things (IoT) Devices market.

Forecast the market size and share of all segments and regions in the global landscape.

Key Highlights of Report

In October 2020, Cisco Systems announced the launch of two new cloud-managed IoT sensor solutions, namely Meraki MT sensors and Industrial Asset Vision sensors. The IoT sensor solutions are expected to help businesses simplify facility and asset monitoring across their organizations, from outdoor Operation Technology (OT) to indoor IT closet spaces at scale.

The manufacturing segment accounted for largest market share in 2020. Manufacturers across various industries are adopting IoT solutions with increased focus on sensors, robotics, centralized tracking, cloud, and quality inspection in order to implement smart manufacturing, which is projected to boost demand for sensors for such solutions and applications.

The pressure sensors segment revenue is expected to expand at a rapid CAGR of 31.5% during the forecast period. The ability of pressure sensors to detect fluctuations or drops in pressure is driving utilization in various processes in manufacturing facilities.

The wireless segment accounted for a significantly high revenue share in the sensors in Internet of Things (IoT) devices market in 2020. Wireless sensor networks are effective in harsh or hostile environments, offer an easily scaled solution, and enable remote data collection and transmission, which are factors driving demand for wireless sensor networks.

North America accounted for largest revenue share contribution to the global sensors in Internet of Things (IoT) devices market in 2020. Increasing adoption of IoT-based sensor solutions in manufacturing, automotive, transportation, and healthcare industries in countries in the region is projected to boost market growth during the forecast period.

Key players in the market include Acuity Brands, Bosch Sensortec GmbH, Cisco Systems, Ericsson, Google Inc., Honeywell International Inc., HTC Corporation, IBM, Infineon Technologies, and Intel Corporation.

You Can Download Free Sample PDF Copy of Sensors in Internet of Things (IoT) Devices Market at https://www.emergenresearch.com/request-sample/508

Application Outlook (Revenue, USD Billion; 2021–2028)

Healthcare

Transport

Manufacturing

Retail

Others

Sensor Type Outlook (Revenue, USD Billion; 2021–2028)

Temperature sensors

Pressure sensors

Chemical sensors

Light sensors

Motion sensors

Other sensors

Network Technology Outlook (Revenue, USD Billion; 2021–2028)

Wired

Wireless

Regional Outlook (Revenue, USD Billion; 2021–2028)

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

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Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope 

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2028

Chapter 3. Key Insights

Chapter 4. Sensors in Internet of Things (IoT) Devices Market Segmentation & Impact Analysis

Chapter 5. Sensors in Internet of Things (IoT) Devices Market By Application Insights & Trends, Revenue (USD Billion)

Chapter 6. Sensors in Internet of Things (IoT) Devices Market By Industries Insights & Trends Revenue (USD Billion)

Chapter 7. Sensors in Internet of Things (IoT) Devices Market By Type Insights & Trends Revenue (USD Billion)

Chapter 8. Sensors in Internet of Things (IoT) Devices Market Regional Outlook

Continued…