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Sensors in Internet of Things (IoT) Devices Market revenue analysis by type, application, regions and forecast by 2028

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Growing adoption of sensor-based IoT solutions in healthcare coupled with a growing trend towards automation

Sensors in Internet of Things (IoT) Devices Market Size – USD 204.74 Billion in 2028, Market Growth – at a CAGR of 30.8%, Market Trends – Technological Advancement in Sensors »

— Emerging research

VANCOUVER, BC, CANADA, June 15, 2022 /EINPresswire.com/ — The global Internet of Things (IoT) sensors market is expected to reach a market size of USD 204.74 billion at a steady CAGR 30.8% in 2028, according to the latest analysis from Emergen Research. This steady growth in market revenue can be attributed to the growing penetration of internet and wearable medical devices and the growing trend of smart factories and automation of various manufacturing processes. The adoption of IoT-enabled sensors and devices to enable more flexible manufacturing processes and improve productivity has increased.

The growing need to monitor, control and improve operational efficiency has also driven the growing adoption of sensors in IoT devices in the manufacturing and automotive industries. Smart city initiatives in developing countries are also contributing to the growing demand for sensors in Internet of Things devices, and the trend is expected to continue during the forecast period. Manufacturing industries are increasingly adopting sensors in IoT devices for employee safety and well-being, cost-effective process workflows, and better space utilization. Technological advancements in sensors, field devices, and robots are expected to drive the deployment of sensors in an increasing range of IoT devices and are also expected to support market growth over the forecast period.

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Leading competitors of the Sensors in Internet of Things (IoT) Devices Market profiled in the report include:

Sharpness marks

Bosch Sensortec GmbH

Cisco Systems

Ericsson

Google Inc.

Honeywell International Inc.

HTC Company

IBM

Infineon Technologies

intel company

Others

Report Highlights

In October 2020, Cisco Systems announced the launch of two new cloud-managed IoT sensor solutions, namely Meraki MT sensors and Industrial Asset Vision sensors. IoT sensor solutions are expected to help companies simplify the monitoring of facilities and assets in their organizations, from outdoor operating (OT) technology to the interior spaces of large-scale IT closets.

The manufacturing segment accounted for the largest market share in 2020. Manufacturers across various industries are adopting IoT solutions with more emphasis on sensors, robotics, centralized tracking, cloud, and quality inspection to implement smart manufacturing, which is expected to drive demand for sensors. for such solutions and applications.

Revenue from the pressure sensor segment is expected to grow at a rapid CAGR of 31.5% during the forecast period. The ability of pressure sensors to detect fluctuations or drops in pressure is boosting their use in various processes in manufacturing facilities.

The wireless segment accounted for a significantly high revenue share in the sensor market in the Internet of Things (IoT) devices market in 2020. Wireless sensor networks are effective in harsh or hostile environments, offer an easily scalable solution and enable remote data collection and transmission, which are factors driving the demand for wireless sensor networks.

North America accounted for the largest revenue share of the global sensor market in the Internet of Things (IoT) devices market in 2020, driving the growth of the market during the forecast period.

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Emergen Research has segmented the global market for sensors in Internet of Things (IoT) devices based on application, sensor type, network technology, and region:

Application Outlook (Revenue, USD Billion; 2021-2028)

Health care

Transportation

Manufacturing

Detail

Others

Sensor Type Outlook (Revenue, USD Billion; 2021-2028)

Temperature sensors

Pressure sensors

Chemical sensors

Light sensors

Motion detectors

Other sensors

Network Technology Outlook (Revenue, USD Billion; 2021-2028)

Wired

Wireless

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Regional Outlook (Revenue, USD Billion; 2021-2028)

North America

WE

Canada

Europe

Germany

UK

France

BENELUX

The rest of Europe

Asia Pacific

China

Japan

South Korea

Rest of APAC

Latin America

Brazil

Rest of LATAM

Middle East and Africa

Saudi Arabia

United Arab Emirates

Rest of MEA

Key report objectives:

Analyze and estimate the market size and share of Sensors in Internet of Things (IoT) Devices for the projected period of 2020-2028

In-depth analysis of major market players by SWOT analysis and Porter’s Five Forces analysis to give a clear understanding of the competitive landscape

Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Sensors in Internet of Things (IoT) Devices Market

Analysis of growth prospects for stakeholders and investors through the study of growth segments

Strategic recommendations to established players and new entrants to capitalize on emerging growth opportunities

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At Emergen Research, we believe in advancing with technology. We are a growing market strategy consulting and research firm with an extensive knowledge base on cutting-edge and potentially market-disrupting technologies that are expected to become more prevalent over the next decade.

Eric Lee
Emerging research
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