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IoT Sensor Market (Type - Image Sensors, Touch Sensors, Motion Sensors, Pressure Sensors, and Other Sensors; Network Technology - Wired, and Wireless; Application - Consumer Electronics, Automotive, Industrial Automation, Healthcare, Manufacturing and Retail, and Other Applications): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : March, 2020

  • Rep Id : ICT1358

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

This report provides exclusive insights into the COVID-19 impact on the IoT Sensor Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the IoT Sensor Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of IoT Sensor Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.

A recent report published by Infinium Global Research on the IoT sensor market provides an in-depth analysis of segments and sub-segments in the global as well as regional IoT sensor market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional IoT sensor market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global IoT sensor market. According to the report, the global IoT sensor market is projected to grow at a CAGR of 25.3% over the forecast period of 2019-2025.


Market Insights

The IoT sensors are one of the most fundamental and prepared with IoT cloud-based applications. It is connected wirelessly to the workstation system that is used for identification. The foremost purpose is to accumulate data and control the surrounding environments through its diverse sensors, for example, temperature sensors, humidity sensors, and others. The IoT sensors provide an extensive range of applications in tracking, security, safety, and detecting in different industries. These sensors are utilized in industrial and automotive, development of smart cities, mining industry, electronics, and consumables industry applications.

 

The IoT sensor market is enormously driven due to the increasing adoption of IoT across manufacturing, healthcare, automotive, and several other end-use industries.  The IoT sensor market is experiencing extensive growth owing to the increasing adaption of the connected devices and growing demand for the electronics wearable. Furthermore, the advancement of technology leads to an escalation in the importance of real-time computing application is another factor driving the IoT sensor market growth during the forecast period. In addition, the growth in the internet connectivity rate, integration of IoT technology in healthcare, the development of smart cities are some other factors contributing to enforce a positive outlook on the market growth. On the other hand, the concerns related to the security and safety of data is expected to hamper the market growth.

 

The current novel coronavirus (COVID-19) pandemic that has been ravaging countless countries across the world has adversely affected the overall sensor, control, and automation sector. While the capital investments in the automation segment have been sluggish before the epidemic, they are projected to be put on hold or deferred for at least a year. Conversely, the recent standstill in industrial manufacturing and production is predicted to act as a wake-up call for the manufacturing industry on its dependence on human labor. This, in turn, is estimated to highlight the advantages of IoT and automation helping a superior adoption in the post-pandemic period.

 

Among the geographies, North America region is expected to hold the largest share in the global IoT sensor market as countries such as the U.S. and Canada are the front-runners of the adoption of new technology. Further, factors such as in the United States, IoT consumer devices, like security cameras and other smart home devices, such as smart thermostats are progressively being deployed for a variety of reasons, for example, growing security, and comfort, reducing energy consumption, or technical assistance in old age. Furthermore, the Asia Pacific region is expected to witness a high growth rate in the IoT Sensors market over the forecast period due to significant rise in smart city projects, along with healthy growth in IoT devices, which is, in turn, anticipated to boost the demand for IoT sensors in this region.

 

Segment Covered

The report on the global IoT sensor market covers segments such as type, network technology, and application. On the basis of type, the sub-markets include image sensors, touch sensors, motion sensors, pressure sensors, and other sensors. On the basis of network technology, the sub-markets include wired, and wireless. On the basis of application, the sub-markets include consumer electronics, automotive, industrial automation, healthcare, manufacturing and retail, and other applications.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Texas Instruments, TE Connectivity, STMicroelectronics, Broadcom Inc., NXP Semiconductors N.V., Infineon Technologies AG, Digi International Inc., Telefonaktiebolaget LM Ericsson, Robert Bosch GmbH, and Qualcomm Technologies, Inc.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the IoT sensor market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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