Iot Sensors Market Will Hit Big Revenues in Future : General Electric, TE Connectivity, NXP Semiconductors,

IoT Sensors Market

According to the most recent analysis by Emergen Research, the size of the global IoT sensors market reached USD 15.58 billion in 2021 and is projected to grow at a revenue CAGR of 28.3% over the forecast period. A few of the major reasons propelling the market revenue growth include the rapid development of industrial technologies like Industry 4.0 and the Industrial Internet of Things (IoT), as well as an increase in the use of IoT sensors because of their affordability and small design. Micro-Electromechanical Systems (MEMS) are in high demand as a result of improving consumer electronics, which is fueling the market’s revenue growth.

Internet of Things (IoT) and edge computing capabilities are rapidly being adopted for the industrial sector’s implementation of next-generation IoT. Artificial intelligence (AI), the cloud, energy aggregation, manufacturing, precision farming, data centres, electromobility, and driverless vehicles are all benefited by edge computing. The ability to identify and locate objects based on their environmental conditions is one of the main causes propelling the rapid adoption of smart sensors, particularly in industrial IoT. IoT sensors are in high demand for functions including producing warnings, managing processes in factories and warehouses, and monitoring temperature and humidity.

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Some Key Highlights From the Report

In 2021, the segment for pressure sensor products contributed significantly to sales. Some of the key reasons influencing the segment’s revenue growth are cost effectiveness, increased durability, and superior resistance to vibration, shock, and dynamic pressure fluctuations. The need for pressure sensors is also being driven by their versatility in applications such as fluid mechanics, aerodynamics, thermodynamics, soil mechanics, and biophysics, as well as their ability to function at high temperatures and with quick responses. Pressure sensors, like piezo sensors, can also be integrated with an IoT system to monitor real-time pressure fluctuations, which is what is driving the demand for pressure sensors, particularly in the industrial sector.

In 2021, the wireless sector represented the greatest revenue share. One of the key aspects boosting the segment’s revenue growth is the ease of gathering environmental data over a lengthy period of time with little manual labour. Additionally, the wireless segment enables accurate measurement of numerous parameters, including vibration and air temperature. Employing wireless sensors enables businesses to keep an eye on their properties as well as spot and follow any suspicious activities.

In 2021, the industrial IoT segment represented a sizable portion of sales. A few of the factors driving the segment’s revenue growth include the expansion of smart city development projects across various nations and the increasing integration of smart electronic gadgets in homes. Automated IoT-connected wireless solutions provide for simple health issue monitoring. Additionally, the growing demand for effective and efficient telemedicine and health monitoring systems is propelling the industrial IoT industry forward. The demand for automated transportation is being driven by the necessity of a dependable transportation system for infrastructure development.

TE Connectivity, NXP Semiconductors, Texas Instruments Incorporated, STMicroelectronics, OMRON Corporation, Siemens, Infineon Technologies AG, Murata Manufacturing Co., and InvenSense are a few notable players in the global market study (TDK).

Emergen Research has segmented global IoT sensors market on the basis of sensor type, network technology type, vertical, and region:

  • Sensor Type Outlook (Revenue, USD Billion; 2019-2030)

    • Pressure sensor
    • Temperature sensor
    • Flow sensor
    • Humidity sensor
    • Magnetometer
    • Accelerometer
    • Inertial sensor
    • Gyroscope
    • Touch sensor
    • Image sensor
    • Acoustic sensor
    • Proximity sensor
    • Occupancy sensor
    • Others
  • Network Technology Type Outlook (Revenue, USD Billion; 2019-2030)

    • Wired
      1. Lonworks
      2. KNX
      3. Ethernet
      4. Modbus
      5. Digital Addressable Lighting Interface (DALI)
    • Wireless
      1. Wifi
      2. Zigbee
      3. Bluetooth
      4. Z-wave
      5. NFC
      6. ENOCEAN
      7. RFID
      8. GPS
      9. Others
  • Vertical Outlook (Revenue, USD Billion; 2019-2030)

    • Consumer IoT
      1. Home automation
      2. Smart cities
      3. Wearable electronics
      4. Consumer appliances
    • Commercial IoT
      1. Retail
      2. Aerospace & defense
      3. Financial institutes
      4. Entertainment
      5. Logistics & supply chain
      6. Corporate offices
    • Industrial IoT
      1. Industrial automation
      2. Energy
      3. Transportation
      4. Smart agriculture
      5. Healthcare
  • Regional Outlook (Revenue, USD Billion; 2019-2030)

    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. France
      3. U.K.
      4. Italy
      5. Spain
      6. Benelux
      7. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Turkey
      5. Rest of MEA

Visit the following link to obtain market-leading solutions: https://www.emergenresearch.com/industry-report/iot-sensors-market

About Us:

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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