Global IoT Sensor Market to 2027: A $65+ Billion Opportunity - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Mar 15, 2019--The “IoT Sensor Market to 2027 - Global Analysis and Forecasts by Type; Connectivity Type; and Application” report has been added to ResearchAndMarkets.com’s offering.
The global IoT sensors market accounted for US$ 9.46 Bn in 2018 and is expected to grow at a CAGR of 23.9% over the forecast period 2019-2027, to account for US$ 65.79 Bn in 2027.
Factors including proliferation of IoT and connected devices and growth in the consumer electronics industry are significantly driving the global IoT sensors market. However, growing security concerns is impeding the IoT sensors market growth. Widening government support for the adoption of IoT is opportunistic for the growth of the IoT sensors market.
The IoT sensors market is fragmented with the presence of several industries and the competitive dynamics in the market, which is expected to change during the upcoming years. The advent of IoT has enabled each device to be connected over the internet and the rising adoptions globally would result in more than billions of devices connected over the internet. Also, validating to the above mentioned point is the fact that the data traffic rate on a global level, has grown at an annual rate of more than 65% over the last five years.
Also, between 2018 and 2023, the data traffic is anticipated to grow at a compound annual growth rate of close to 40 percent. This exponential growth in data traffic over the internet is out rightly attributed to the growing penetration of smartphones and other consumer electronic devices that can be connected over the internet as a result of the growing popularity of IoT.
Furthermore, apart from the individuals, businesses across almost all the industry verticals have realized the importance of IoT, communications, and sensors, and have therefore, paved way for integration of sensors into the devices. The growth of the IoT sensors market in the various end-user industry verticals is therefore anticipated to rise at a rapid rate in the coming years with IoT gaining more prominence in the coming years.
Some of the players present in IoT sensors market are Analog Devices, Inc., ARM Holdings PLC, Broadcom, Inc., Honeywell International, Inc., Infineon Technologies AG, NXP Semiconductors N.V., Omron Corporation, Robert Bosch Gmbh, STMicroelectronics N.V., and Texas Instruments Incorporated among others.
1.1 Scope of the Study
1.2 Report Guidance
1.3 Market Segmentation
1.3.1 Global IOT Sensors Market - by Type
1.3.2 Global IOT Sensors Market - by Connectivity Type
1.3.3 Global IOT Sensors Market - by Application
1.3.4 Global IOT Sensors Market - by Geography
2. Key Takeaways
3. Research Methodology
3.1.2 Secondary Research
3.1.3 Primary Research
4. IOT Sensor Market Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 Pest Analysis
4.3.1 North America - Pest Analysis
4.3.2 Europe Pest Analysis
4.3.3 Asia Pacific Pest Analysis
4.3.4 Middle East & Africa Pest Analysis
4.3.5 South America Pest Analysis
5. IOT Sensor Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Proliferation of IOT and Connected Devices
5.1.2 Growth In Consumer Electronics
5.2 Key Market Restraints
5.2.1 Growing Security Concerns
5.3 Key Market Opportunities
5.3.1 Advent of Connected Cars
5.4 Future Trends
5.4.1 Integration of Advanced Technologies
5.5 Impact Analysis of Drivers and Restraints
6. IOT Sensor - Global Market Analysis
6.1 Global IOT Sensor Market Overview
6.2 Global IOT Sensor Market Forecast and Analysis
6.3 Market Positioning/ Market Share
7. Global IOT Sensor Market Analysis - by Type
7.2 Global IOT Sensor Market Breakdown, by Type, 2018 & 2027
7.3 Temperature Sensor
7.4 Light Sensor
7.5 Pressure Sensor
7.6 Chemical Sensor
7.7 Motion Sensor
8. Global IOT Sensor Market Analysis - by Connectivity Type
8.2 Global IOT Sensor Market Breakdown, by Connectivity Type, 2018 & 2027
9. Global IOT Sensor Market Analysis - by Application
9.2 Global IOT Sensor Market Breakdown, by Application, 2018 & 2027
9.4 Building Automation
9.5 Consumer Electronics
10. IOT Sensors Market - Geographical Analysis
10.2 North America IOT Sensors Market Revenue and Forecasts To 2027
10.3 Europe IOT Sensors Market Revenue and Forecasts To 2027
10.4 Apac IOT Sensor Market Revenue and Forecasts To 2027
10.5 Middle East and Africa IOT Sensor Market Revenue and Forecasts To 2027
10.6 South America IOT Sensor Market Revenue and Forecasts To 2027
11. Industry Landscape
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Development
12. Key Company Profiles
12.1 Analog Devices, Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Arm Holdings Plc
12.3 Broadcom, Inc.
12.4 Honeywell International, Inc.
12.5 Infineon Technologies Ag
12.6 Nxp Semiconductors N.V.
12.7 Omron Corporation
12.8 Robert Bosch Gmbh
12.9 Stmicroelectronics N.V.
12.10 Texas Instruments Incorporated
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Related Topics:Internet of Things and M2M,Sensors
INDUSTRY KEYWORD: TECHNOLOGY INTERNET
SOURCE: Research and Markets
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PUB: 03/15/2019 11:45 AM/DISC: 03/15/2019 11:45 AM