According to the new market research report "IoT Sensors Market by Type (Pressure, Temperature, Humidity,
Magnetometer, Accelerometer, Gyroscope, Inertial, Image), Network Technology
(Wired & Wireless), Vertical (Consumer IoT, Commercial IoT, Industrial
IoT), and Region - Global Forecast to 2022", the IoT
sensors market is expected to reach USD 38.41 Billion by 2022, growing at a
CAGR of 42.08% between 2016 and 2022. The major factors driving the growth of
the IoT sensors market include development of cheaper, smarter, and smaller
sensors, growing market for smart devices and wearables, need for real-time
computing of applications, increase in demand for IoT sensors in various
applications, supportive government initiatives, deployment of IPv6, and role
of sensor fusion concept in IoT sensors market.
Browse 70 market data Tables and 91 Figures spread through
247 Pages and in-depth TOC on "IoT Sensors Market - Global
Forecast to 2022"
http://www.marketsandmarkets.com/Market-Reports/sensors-iot-market-26520972.html
“IoT sensors market for consumer IoT vertical expected to grow rapidly during the forecast period”
http://www.marketsandmarkets.com/Market-Reports/sensors-iot-market-26520972.html
“IoT sensors market for consumer IoT vertical expected to grow rapidly during the forecast period”
According to the research report, the consumer IoT vertical has been segmented into home automation, smart city, and wearable electronics. Home automation includes consumer devices (smart TVs, home theater projectors, next-gen game console, and set-top boxes) and consumer appliances (washing machine, refrigerator, oven, dishwasher, and robot vacuum cleaner). Smart appliances, also known as intelligent appliances, have the ability to measure and control their energy usage and communicate the same with homeowners and utilities departments. Additionally, the major factors driving the wearable devices market for IoT sensors include the growing popularity of IoT and the increasing adoption of smart watches and activity trackers in the consumer markets.
“Pressure sensor market to hold major share between 2016 and 2022”
The market for pressure sensors is expected to hold major share during the forecast period. This is mainly because their wide usage in a variety of application including medical applications, smart cities, wearable, environmental monitoring devices, remote sensing, industrial automation, air speed, air sampling, and leak detection. Various applications of industrial automation, transportation, healthcare, and consumer electronics need constant tracking and analyzing which is mostly done with the help of pressure sensors.
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Major companies involved in the development of IoT sensors include Texas Instruments Incorporated (U.S.), STMicroelectronics N.V. (Switzerland), TE Connectivity, Inc. (Switzerland), NXP Semiconductors N.V. (Netherlands), Broadcom Limited (U.S.), Robert Bosch GmbH (Germany), InvenSense, Inc. (U.S.), Infineon Technologies (Germany), ARM Holdings Plc. (U.K.), Omron Corporation (Japan), Sensirion AG (Switzerland), Analog Devices, Inc. (U.S.), SmartThings, Inc. (U.S.), and KONUX Inc. (Germany) among others.
“APAC expected to grow at the highest rate during the forecast period”
Sensors are increasingly being demanded in APAC owing to the
growing demand for automotive and increasing focus of the region towards IoT
platform. In this study, the APAC market has been divided into India, China,
Japan, South Korea, Australia, and Rest of APAC. Asia-Pacific is a major market
for various sectors such as consumer electronic devices and appliances,
automobiles, and healthcare among others. Moreover, the Asia-Pacific region is
one of the potential markets for the industrial and consumer IoT verticals as
countries such as China, India, and Australia among others are actively trying
to strengthen the IoT platform.