Iot Sensor Market Is Anticipated To Grow At A Cagr Of 42% During 2013-2024

By Author: Lucintel LLC
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The global IoT sensor market is projected to grow at a CAGR of 42% during 2013-2024. The growth of IoT sensor market is driven by development of intelligence and low cost sensors, growing demand for smart devices and wearables, need for real-time computing in IoT applications, and increasing internet penetration in emerging nations.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the IoT sensor market by sensor type (temperature sensor, pressure sensor, humidity sensor, flow sensor, accelerometer, magnetometer, gyroscope, inertial sensor, image sensor, touch sensor, proximity sensor, acoustic sensor, motion sensor, occupancy sensor, CO2 sensor, and others), end use industry (consumer device, consumer appliances, smart city, wearable electronics, retail, aerospace and defense, industrial, and healthcare), network technology (wired network technology (KNX, LonWorks, ethernet, modbus, and DALI), wireless network technology (Wi-Fi, bluetooth, zigbee, Z-wave, NFC, RFID, EnOcean, thread, 6LowPAN, WHART, PROFIBUS, and DECT-ULE), and ...
... others), and region (North America, Europe, APAC, and ROW)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the IoT sensor market?
Q.4 What are some changing demands of customers in the IoT sensor market?
Q.5 What are the new developments in the IoT sensor market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this IoT sensor area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this IoT sensor market?
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Market Segmentation:
Based on sensor type, the IoT sensor market is segmented into temperature sensor, pressure sensor, humidity sensor, flow sensor, accelerometer, magnetometer, gyroscope, inertial sensor, image sensor, touch sensor, proximity sensor, acoustic sensor, motion sensor, occupancy sensor, CO2 sensor, and others. The gyroscope segment accounted for the largest share of the market in 2020 due to rising adoption of IoT across small and medium businesses and increasing number of connected devices and predictive maintenance.
Asia Pacific is expected to be the largest region over the forecast period due to rising adoption of IoT across small and medium businesses and increasing internet penetration in emerging nations.
Key Players in the IoT sensor market are Texas Instrument, TE Connectivity, Cypress, NXP Semiconductors, STMicroelectronics, Infineon Technologies, Robert Bosch, Honeywell International, and Analog Devices.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/iot-sensor-market.aspx
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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