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The IoT sensor market is flourishing with various types of sensors connected to devices and people that enable two-way communication processes between people and machines. There are various end-use industries in which IoT sensors are deployed to facilitate this bi-directional communication and collect data. In the automotive industry, sensors are deployed to help improve vehicle safety and assist in anti-lock braking systems, airbags, and even vehicle parking. In manufacturing, IoT sensors are used to reduce manufacturing and maintenance costs. This sensor is also used to reduce energy consumption and material waste. In addition, the global IoT sensor market is growing as the governments around the world support the establishment of smart cities.In the case of smart cities, IoT sensors locate applications in smart energy meters, parking and traffic management. IoT sensors find applications in the healthcare industry that are used in the form of biosensors and implantable sensors to reduce healthcare costs and provide access to better facilities. In household appliances, IoT sensors are used in proximity sensors and temperature and pressure sensors in home appliances such as smart TVs, refrigerators and air conditioners. With this wide range of applications for IoT sensors, the global IoT sensor market is showing solid growth.
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Depending on the application, the global market for IoT sensors falls into the retail, industrial, building automation, automotive, consumer and medical sectors. In 2014, home appliances dominated the market, with global demand for home appliances such as smart home appliances, smart TVs and smart phones surging. In the entertainment electronics sector, IoT sensors help users establish flexible media usage. Moreover, increased awareness among consumers and increased demand for viable consumer electronics have created scenarios that are favorable to emerging economies of consumer electronics such as India and the Middle East and Africa.
The global market for IoT sensors by region is divided into North America, Europe, Asia Pacific and other regions. North America, the top of these regions in 2014, followed closely behind Europe in the global IoT sensor market. In 2017, these two regions accounted for more than 60% of the global IoT sensor market. The Asia-Pacific region relies on key regions for the expected growth rate of the worldwide IoT sensor market. The growing interest in IoT sensors to be used as part of a few smart consumer goods and to be used in the healthcare industry has positively impacted the development of the market. Many developing country governments, including Korea, India, and China, have a variety of private and public agreements to expand cloud services through improved information and IoT focus that enhances specific market development in the Asia Pacific region.
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Top Key Player Covering:
Renesas, Microsemi, Silicon Laboratories, Linear Technology, Texas Instruments, LORD Corp, Semtech, Analog Devices, Millennial Net, Fujitsu
By types, the market can be split into
Pressure Sensors
Temperature Sensors
Light Sensors
By Application, the market can be split into
Consumer Electronics, Healthcare, Automotive, Industrial, Building Automation, Retail
By Regions, this report covers
North America, China, Europe, Southeast Asia, Japan, India
The report further highlights the development trends in the global IoT Sensors market. Factors that are driving the market growth and fueling its segments are also analyzed in the report. The report also highlights on its applications, types, deployments, components, developments of this market.
Moreover, the research highlights the changing trends in the global IoT Sensors market. Technological developments are predicted to allow key companies to introduce a new IoT Sensors market in the global market, thus widening the scope of this global market. The competitive rivalry in the IoT Sensors market is described in detail in the report. Operations of key players in the IoT Sensors market are described in detail, including their historical and projected importance in the market.
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The IoT Sensors Market Report mainly covers following Content.
Chapter 1 IoT Sensors Market Overview
Chapter 2 Global Economic Impact
Chapter 3 Competition by Manufacturer
Chapter 4 Production, Revenue (Value) by Region
Chapter 5 Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Production, Revenue (Value), Price Trend by Type
Chapter 7 Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Market Forecast
Continued…
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Release ID: 373742
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