Data Bridge Market Research analyses that the internet of things (IoT) sensor market is expected to grow at a CAGR of 26.32% during the forecast period of 2022 to 2029, at a USD 8.4 billion in 2021 and is further estimated to reach USD 54.46 billion by 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Global Internet of Things (IoT) Sensor Market Definition

·      IoT sensors are one of the most important and well-prepared with IoT cloud-based applications. It is wirelessly connected to the mainframe system that handles identification. The main goal is to collect data and control the nearby environment using a variety of sensors, such as humidity sensors and temperature sensors.

Internet of Things (IoT) Sensor Market Dynamics

Drivers

·      Major factors that are expected to boost the growth of the internet of things (IoT) sensor market in the forecast period are as follows:

Covid-19 Impact on Internet of Things (IoT) Sensor Market

·      The pandemic of COVID-19 has had a huge impact on the internet of things (IoT) sensor market. Due to the spread of the virus in different parts of the world, global sales of IoT sensors for key industrial and commercial verticals fell by 10–15 percent. Short-term supply chain disruptions also hampered market expansion in key regions. However, in the post-COVID scenario, internet of things (IoT) sensor market is projected to be significantly impacted.

Recent Development

·      In July 2020, Texas Instruments introduced the TMCS1100 and TMCS110, the industry's first zero-drift Hall-effect current sensors. According to the business, the new sensors can provide the lowest drift and best accuracy across time-temperature. On the other hand, they provide dependable 3-kVrms isolation, which is especially important for AC or DC high-voltage systems such as industrial motor drives, solar inverters, energy storage devices, and power supplies.

Global Internet of Things (IoT) Sensor Market Scope and Market Size

·      The internet of things (IoT) sensor market is segmented on the basis of sensor type, technology and vertical. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Sensor Type

·      Temperature Sensors

·      Pressure Sensors

·      Humidity Sensors

·      Flow Sensors

·      Accelerometers

·      Magnetometers

·      Gyroscopes

·      Inertial Sensors

·      Image Sensors

·      Touch Sensors

·      Proximity Sensors

·      Acoustic Sensors

·      Motion Sensors

·      Occupancy Sensors

·      CO2 Sensors and Light Sensors

·      Radar Sensors

·      On the basis of sensor type, the internet of things (IoT) sensor market is segmented into temperature sensors, pressure sensors, humidity sensors, flow sensors, accelerometers, magnetometers, gyroscopes, inertial sensors, image sensors, touch sensors, proximity sensors, acoustic sensors, motion sensors, occupancy sensors, CO2 sensors and light sensors and radar sensors. Occupancy sensors is further sub segmented into image processing occupancy sensors, intelligent occupancy sensors.

Vertical

·      Consumer

·      Commercial

·      Industrial

·      On the basis of vertical, the internet of things (IoT) sensor market is segmented into consumer, commercial and industrial. Consumer is further sub segmented into wearable electronics, home automation and smart city. Commercial is further sub segmented into retail, aerospace and defence, logistics and supply chain, corporate offices, financial institutes and entertainment. Industrial is further sub segmented into industrial automation, healthcare, transportation, smart agriculture and energy.

Technology

·      Wireless

·      Wired Technology

·      On the basis of technology, the internet of things (IoT) sensor market is segmented into wireless and wired technology. Wired is further sub segmented into modbus, ethernet, lonworks, KNX, digital addressable lighting interface (DALI). Wireless is sub segmented into Wi-Fi, bluetooth, RFID, ZigBee, NFC, 6lowpan, wireless-hart (Whart), Z-wave, process field bus (Profibus), Dect-Ule, thread, Enocean and others.

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Internet of Things (IoT) Sensor Market Regional Analysis/Insights

·      The internet of things (IoT) sensor market is analysed and market size insights and trends are provided by country, sensor type, technology and vertical as referenced above.

·      The countries covered in the internet of things (IoT) sensor market report are U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).

Competitive Landscape and Internet of Things (IoT) Sensor Market Share Analysis

·      The internet of things (IoT) sensor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to internet of things (IoT) sensor market.

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ome of the major players operating in the internet of things (IoT) sensor market are:

·      Sierra Wireless, Inc. (Canada)

·      Moxa Inc. (Taiwan)

·      General Electric Company (US)

·      Skyworks Solution Inc. (US)

·      Infineon Technologies AG (Germany)

·      Honeywell International Inc. (US)

·      Texas Instruments Incorporated (US)

·      Siemens (US)

·      CANON MEDICAL SYSTEMS CORPORATION (Japan)

·      NXP Semiconductors (Netherlands)

·      STMicroelectronics (Switzerland)

·      IBM (US)

·      Sensata Technologies, Inc. (US)

·      Robert Bosch GmbH (Germany)

·      TE Connectivity (US)

·      Qualcomm Technologies, Inc. (US)

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MAJOR TOC OF THE REPORT

·     INTRODUCTION

·     MARKET SEGMENTATION

·     EXECUTIVE SUMMARY

·     PREMIUM INSIGHTS

·     MARKET OVERVIEW

·     QUESTIONNAIRE

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