Lewes, DE -- (SBWire) -- 07/18/2018 --IoT Sensor Market will grow to become a US$ 65 billion industry in 2025, growing at a CAGR of 24% during 2018-2025.
The combined growth of novel IoT products as well as innovative IoT solutions to make old products smart is likely to fuel the demand of IoT sensors. However, universal IoT wouldn't be possible without 'smart' and capable sensors. Intelligence is a challenge for IoT and our research shows that a lot of advantages can be achieved on hardware level and sensors are definitely one of those components.
However, there remain challenges for IoT sensors being used in IoT devices. High accuracy, low cost and size, and low power consumptions are highly desired characteristics for IoT sensors by project managers.
Features of sensors also need to be customised as per the use case vertical. Good news is that researchers and companies are working in that direction. Researchers at University of California at San Diego are working on bio-sensors. In particular, three key use cases that researchers are pursuing: small, long-lasting combination sensors for premature babies, continuous bio-sensors for the aged, and sensors that pharmaceuticals companies would place on people in their clinical trials.
This has opened the door to innovation and added a new dimension to the global competition among sensor manufacturers. Study predicts that this market will grow to become a US$ 65 billion industry in 2025, growing at a CAGR of 24% during 2018-2025.
The strong market potential has forced companies like ADI, Rohm, and TDK to quickly fill out their product portfolios by acquiring smaller sensor vendors.
This IoT Sensor Research provides critical analysis of the key business models, strategies and developments, whilst providing insights into the future of the IoT sensor market. In-depth analysis of the Accelerometer, Acoustic, CO2, Flow, Gyroscope, Humidity, Image, Inertial, Light, Magnetometer, Motion, Occupancy, Pressure, Proximity, Radar, Temperature, and Touch sensors is presented across geographies. The research charts key macro trends, IoT sensor technology innovation trend, IoT player strategies, and is a must-have purchase for both leaders and start-ups looking to establish a position in this sector.
Study insightful IoT sensor research provides in-depth analysis of the future outlook for the IoT sensors in terms of capabilities, service provider opportunities as well as key market forces.
This research includes analysis and forecasts for major stakeholders of the IoT sensor market. The research also provides analysis and forecasts for the application of IoT sensors across key industry sectors, including Industrial Automation, Factory and warehouse, Healthcare, Automotive, Supply Chain / Fleet Management, Oil and Gas, Agriculture, Entertainment & Media, and Military & Aerospace.
Unique Attributes
1. Role of smart sensors in making IoT mainstream
2. How smart sensors can help build intelligent IoT solutions?
3. Ideal measures for evaluation and selection of IoT Sensors
Questions Answered by the Report
1. What are the most critical sensor related issues faced by companies that develop new IoT based solutions?
2. What are various breakthrough innovations in IoT sensors? What is their scope and importance?
3. How these new innovations can help IoT service provider in assuring successful IoT deployments?
4. What are smart sensors? What are the benefits of smart sensors across verticals?
5. What emerging technologies and services are driving the IoT sensor market?
6. Which type of IoT sensors is going to be more demandable in the coming years? And, what are the key reasons for their growing demand?
7. What is the projected market potential of IoT sensors during the next 5 years?
Companies Mentioned in the Report
ADI, Analog Devices, Arm Holdings, Broadcom Limited (Avago), Infineon Technologies AG, Invensense, Konux, NXP Semiconductors N.V., Omron Corporation, Robert Bosch GmbH, Rohm, Sensirion AG, Smartthings, Inc., Stmicroelectronics N.V., TDK, Te Connectivity Ltd., Texas Instruments Incorporated.
Target Audience:
IoT Players, Chip Manufacturers, Sensor Manufacturers, Battery Manufacturers, Semiconductor Companies, IoT Platform Providers, IoT Device Manufacturers, Original Equipment Manufacturers (OEMs), Original Design Manufacturers (ODMs) and OEM Technology Solution Providers, Research Organisations, Technology Standard Organisations, Forums, Alliances and Associations, Technology Investors, Governments, Financial Institutions, and Investment Communities, Analysts and Strategic Business Planners.
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Global IoT Sensor Market Is Poised to Grow at a CAGR 24% and Reach USD 65 Billion by 2025
New Worldwide IoT Sensor Market Opportunity, Innovation, Demand and Segmentation 2018 to 2025 Report Covers market forecast and top Companies like ADI, Analog Devices, Arm Holdings, Broadcom Limited (Avago), Infineon Technologies AG, Invensense, Konux, and others.