MarketResearchReports.biz has announced the addition of a report titled “Global IoT Sensors Market Report 2017 - 2026”.

Albany, NY -- (SBWire) -- 06/21/2018 --This report covers all the important regional IoT markets spread in different regions of the world and presents market numbers of each of such regions individually. The global IoT sensor market also contains a historical analysis of this market for the time period 2012-2016. Also, revenue projections of the market are given for a time span of nine years starting from the year 2017 and ending in the year 2026. As per the data provided by Persistence Market Research, the global IoT sensor market is poised to display a robust CAGR. The global IoT sensor market was estimated to be valued at nearly US$ 3,350 Mn in 2017 and is likely to reach a valuation of nearly US$ 9,900 Mn by the end of the period of forecast in the year 2026.

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The diverse application of IoT sensors in various end-use industries is likely to lead to a robust growth of the global IoT sensor market

The IoT sensor market is thriving with various types of sensors connected with devices and people, which enables a two-way communication process between man and machine. There are various end-use industries where IoT sensors are deployed to facilitate this two way communication and for gathering data. In the automotive industry, sensors are deployed for the purpose of increasing the safety of the vehicles and for anti-lock braking systems, air bags and even for assistance in parking of vehicles. In the manufacturing sector, IoT sensors are used to reduce the cost of manufacturing and the cost of maintenance. In addition, these sensors are used to reduce the consumption of energy and wastage of materials. Moreover, with the governments all over the world supporting the establishment of smart cities, there is a huge potential for growth in the global IoT sensors market. In the case of smart cities, IoT sensors find application in smart energy meters, parking and traffic management. IoT sensors even find application in the healthcare industry, where they are used in the form of biosensors and implantable sensors to reduce the cost of healthcare and provide access to better facilities. Even in consumer electronics, IoT sensors are finding applications in proximity sensors and in temperature and pressure sensors in appliances such as smart TVs, refrigerators and air conditioners. With such a wide range of applications for IoT sensors, the global IoT sensor market is set for a robust growth.

Industrial IoT sub-segment in the applications category of the global IoT sensor market to remain dominant segment by value

The industrial IoT sub-segment in the applications category of the global IoT sensor market is expected to display a robust CAGR of 8.6% during the period of assessment. The industrial IoT sub-segment is the most attractive in terms of value in the applications category. As per the projections of Persistence Market Research, the industrial IoT sub-segment was estimated to be valued at nearly US$ 1,550 Mn at the end of the year 2017 and is likely to reach a figure of nearly US$ 3,200 Mn at the end of the assessment period in the year 2026.

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Consumer IoT sub-segment in the applications category of the global IoT sensor market is slated to exhibit the fastest CAGR

The consumer IoT sub-segment in the applications category is slated to exhibit the fastest growth rate of 15.8% during the period of assessment. The consumer IoT sub-segment in the global IoT sensor market was estimated to be valued at nearly US$ 1,300 Mn at the end of the year 2017 and is likely to reach a value of nearly US$ 4,850 Mn at the end of the period of assessment in the year 2026.

Competition Landscape

Some of the leading players functioning in the global IoT sensor market have been profiled in this report. Companies whose profiles have been included in the report include Stmicroelectronics N.V., Texas Instruments Incorporated, Te Connectivity Ltd., Broadcom Limited (Avago), NXP Semiconductors N.V., Robert Bosch GmbH, Invensense, Inc., Infineon Technologies AG, Analog Devices, Inc., Arm Holdings PLC., Mirada Medical Limited, Sciencesoft USA Corporation, Siemens Healthineers, Toshiba Medical Systems Corporation and Xinapse Systems Ltd.