The Global IOT Sensors Market Report by The Business Research Company covers IoT sensors market drivers and restraints, IoT sensors market size, major players, and the impact of COVID-19 on the IoT sensors market.
The IoT sensors market consists of sales of IoT sensors and related services that are used in healthcare, automotive, transportation, manufacturing and other industrial sectors. The internet of things, or IoT, is a collection of interconnected smart devices, mechanical and digital machines, objects, animals or people supplied with unique identifiers (UIDs) and the ability to transmit data across a network without needing human-to-human or human-to-computer interaction.
The application of IoT in automotive and transport sectors is a key factor driving the growth of the IoT sensors market.
The global IoT sensors market is expected grow from $8.65 billion in 2020 to $9.62 billion in 2021 at a compound annual growth rate (CAGR) of 11.2%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $19.54 billion in 2025 at a CAGR of 19%.
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Some IoT sensors market trends include artificial intelligence. Artificial intelligence is the basic ingredient required to process the huge amount of data gathered these days, and to maximize its value for the company. AI will assist IoT data analysis in the following areas, such as data accuracy in time series, predictive and advanced analytics, data preparation, geospatial and location real-time (logistic data).
Global IoT sensors market segments include:
1) By Product Type: Temperature sensors, Pressure sensors, Humidity sensors, Flow sensors, Accelerometers, Magnetometers, Gyroscopes, Inertial sensors, Image sensors, Others.
2) By Application: Building Automation, Industrial Application, Automotive Application, Healthcare Application, Retailing & Logistics Application, Security Application, Agriculture Application, Other Applications.
3) By End-user Industry: Healthcare, Automotive and Transportation, Manufacturing / Industrial, Others.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The IOT Sensors Global Market Report 2021: COVID 19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides IoT sensors market overviews, analyzes and forecasts market size, share, IoT sensors market players, IoT sensors market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The IoT sensors market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read IOT Sensors Global Market Report 2021: COVID 19 Growth And Change to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Texas Instruments, TE Connectivity, NXP Semiconductors, STMicroelectronics, TDK Corporation, Infineon Technologies, Omron, Honeywell , Sensata Technologies, Broadcom , Bosch Sensortec, Analog Devices, Siemens, General Electric, Robert Bosch GmbH, SmartThings, Monnit, Murata Manufacturing, Sensirion, Silicon Laboratories, Libelium, ABB Ltd, Schneider Electric SE, Qualcomm Technologies, Inc., IBM, CANON MEDICAL SYSTEMS CORPORATION, Skyworks Solution Inc., Sierra Wireless, Inc., Moxa Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The IoT Sensors Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The IoT Sensors Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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