Global IoT Smart Sensors Market Overview:
IoT is composed of various technology layers that enable ordinary things to share the data which collect over the Internet to ultimately deliver intelligence, autonomous actions, and value which largely define the quality of the data. As sensors are a crucial part of the IoT technology. As with the rapid adoption of IoT in various industries to enhance their outcomes, this market is seeing strong growth potential in the future. Some of the key players profiled in the study are Infineon Technologies (Germany), Microchip Technology (United States), Analog Devices (United States), TE Connectivity (Switzerland), STMicroelectronics (Switzerland), Eaton Corporation (Ireland), Honeywell (United States), NXP Semiconductors (Netherlands), Emerson Electric (United States) and ABB (Switzerland).
On the basis of geography, the market of IoT Smart Sensors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. CMOS will boost the IoT Smart Sensors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Connectivity, the sub-segment i.e. Wired will boost the IoT Smart Sensors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increase in Deployment of Smart Sensors in Industrial IoT Applications
- The Advent of IoT from the Various Manufacturing Industries
- Growing Requirement of IoT by Automotive Manufacturers to Caters Advanced Safety and Comfort
- High Adoption of IoT Based Technology in Various Industries Such as Healthcare, Automotive, and Building Automation Industries
- High Cost Associated with IoT Smart Sensors
- Growing Demand for Smart Sensor-Enabled Wearable Devices
- Increasing Trend of Industrial Automation
- Stringent Performance Needs for Advanced Sensor Applications
Major Market Developments:
In Mar 2020, Sigfox Germany announced to enhance its Smart sensor portfolio by releasing 0G network-based IoT sensors with solutions via its partnership with connected inventions. Through this initiative, both the company are expanding their range of solutions to deliver solution for the digitization in Germany.
This market is seeing strong growth opportunities in the coming years, as with raising awareness towards IoT benefits, and increasing government investment towards digitization, this will create a high demand for IoT smart sensors. This market is seeing an increasing number of market players who are highly focusing on investing in various organic and non-organic market growth strategies to escalate their market share and improve their business profitability.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, IoT Smart Sensors Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global IoT Smart Sensors market on the basis of product [Pressure Sensor, Environmental Sensor, Optical Sensor, Chemical Sensor, Motion Sensor and Others] , application [Smart Home & Wearables, Smart Energy, Smart Security, Manufacturing, Transportation & Logistics, Healthcare and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the IoT Smart Sensors market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the IoT Smart Sensors industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Siemens (Germany), Robert Bosch (Germany) and TDK Corporation (Japan).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the IoT Smart Sensors market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.