Sensors in Internet of Things (IoT) Devices Market Size – USD 204.74 Billion in 2028, Market Growth – at a CAGR of 30.8%,
VANCOUVER, BC, CANADA, April 27, 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. The global Sensors in Internet of Things (IoT) Devices market report offers in-depth knowledge and insights on the Sensors in Internet of Things (IoT) Devices market regarding market size, market share, influencing factors on current and emerging growth, opportunities and trends.
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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.
The report examines in detail the growth opportunities, challenges, market drivers and restraints, limitations, threats and demands of the Sensors in Internet of Things (IoT) Devices Market. The study further assesses the regional market as well as the international market to get an insight into the scope of the market. The report also offers estimates and forecasts on the market segment and sub-segments showing promising growth in the forecast timeline. The report also provides in-depth information regarding the technological advancements, industrial landscape, and emerging product and technological developments within the Sensors in Internet of Things (IoT) Devices market. It offers fruitful business insights to help companies capitalize on lucrative growth opportunities.
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Key players profiled in the report are: Acuity Brands, Bosch Sensortec GmbH, Cisco Systems, Ericsson, Google Inc., Honeywell International Inc., HTC Corporation, IBM, Infineon Technologies, and Intel Corporation.
Additionally, the report provides a comprehensive overview of the Sensors in Internet of Things (IoT) Devices market along with the product portfolio and market performance. The report offers key insights on market share, supply chain analysis, supply and demand relationship, import/export details, and product and consumption patterns. For better understanding, the report is further segmented into sections such as product types offered by the market, application spectrum, companies, and key geographical regions where the market has established its presence.
The analysis of the segments and their growth projection is carried out by historical and current in-depth analysis of the market scenario. Additionally, the report provides details about the factors and characteristics of the Sensors in Internet of Things (IoT) Devices market that are expected to drive the growth of the industry in the coming years.
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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)
Sensor Type Outlook (Revenue, USD Billion; 2021-2028)
Network Technology Outlook (Revenue, USD Billion; 2021-2028)
Key questions answered by the report:
What is the Sensors in Internet of Things (IoT) Devices market growth rate? What is the anticipated market value of Sensors industry in Internet of Things (IoT) devices by 2028?
What are the key growth drivers and restraining factors of the Sensors in Internet of Things (IoT) Devices market?
Who are the major players operating in the market? What are the main strategies adopted by these companies?
What are the key opportunities and growth prospects of the Sensors in Internet of Things (IoT) Devices industry during the forecast period?
Which region is expected to show significant growth in the coming years?
The report further offers comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers the strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches and brand promotions, among others. The report aims to provide readers with a comprehensive understanding of the relevant characteristics of the industry.
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Regional Fiber Optic Market Outlook:
North America (USA, Canada, Mexico, etc.)
Europe (Germany, UK, France, Italy, Russia, Spain, etc.)
Asia-Pacific (China, Japan, South Korea, India, Australia, Southeast Asia, etc.)
South America (Brazil, Argentina, Colombia, Chile, etc.)
Middle East and Africa (South Africa, Egypt, Nigeria, Saudi Arabia, etc.)
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