Global IoT Sensor Market Report (2022 to 2028) - Featuring ABB, Analog Devices and IBM Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global IoT Sensor Market 2022-2028" report has been added to ResearchAndMarkets.com's offering.

The global IoT Sensors market is anticipated to grow at a significant CAGR of 25.0% during the forecast period.

Companies Mentioned

• ABB Ltd.
• Analog Devices, Inc.
• Digi International Inc.
• Ericsson AB
• Fujitsu Ltd.
• Honeywell International Inc.
• IBM Corp.
• Infineon Technologies AG
• KONUX Gmbh
• Libelium Comunicaciones Distribuidas S.L
• NXP Semiconductors N.V.
• Omron Corp.
• Robert Bosch GmbH
• Samsung Electronics Co., Ltd.
• Schneider Electric SE
• STMicroelectronics N.V.
• TE Connectivity Ltd.
• Texas Instruments Inc.

The adoption of IoT has been accelerated by new developing applications and business models, as well as lower device costs. As a result, there is a slew of connected devices, including cars, machines, meters, wearables, and consumer electronics. Industry 4.0 initiatives in places such as Europe, China, and others are driving IoT deployments and, as a result, IoT sensors.

According to Accenture, 60% of manufacturing organizations are already working on IoT projects, with more than 30% in the early stages of deployment. Furthermore, one of the major drivers driving IoT sensor use over the projection period is the reducing cost of the technology.

The global IoT sensors market is segmented based on type, technology, and application. Based on type, the market is classified into pressure sensors, temperature sensors, optical sensors, chemical sensors, image sensors, motion sensors, and others. The demand for pressure sensors is expected to grow significantly during the forecast period owing to their increasing application in industrial processes. Pressure gauges are being significantly utilized in industrial sites as it is better for pressure monitoring in closed environments.

The global IoT sensors market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America).

The market can be analyzed for a particular region or country level as per the requirement. Among these, the Asia-Pacific regional market is expected to cater to considerable growth during the forecast period owing to the emerging demand for IoT solutions coupled with the increasing digitalization in the region. The increasing number of smart city projects in China and India is offering an opportunity for market growth in the region.

The Report Covers

• Comprehensive research methodology of the global IoT sensors market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the IoT sensors market.
• Insights about market determinants that are stimulating the global IoT sensors market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.

Key Topics Covered:

1. Report Summary

2. Market Overview and Insights

2.1. Scope of the Report

2.2. Analyst Insight & Current Market Trends

2.2.1. Key Findings

2.2.2. Recommendations

2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis

3.1.1. Overview

3.1.2. Financial Analysis

3.1.3. SWOT Analysis

3.1.4. Recent Developments

3.2. Key Strategy Analysis

3.3. Impact of COVID-19 on Key Players

4. Market Segmentation

4.1. Global IoT Sensors Market by Type

4.1.1. Pressure Sensor

4.1.2. Temperature Sensor

4.1.3. Optical Sensor

4.1.4. Chemical Sensor

4.1.5. Image Sensor

4.1.6. Motion Sensor

4.1.7. Others

4.2. Global IoT Sensors Market by Technology

4.2.1. Wired

4.2.2. Wireless

4.3. Global IoT Sensors Market by Application

4.3.1. Consumer

4.3.2. Commercial

4.3.3. Industrial

5. Regional Analysis

6. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/l818ah