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IoT Sensors Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Dec 2021
  • Pages: 120
  • SKU: IRTNTR71820
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The IoT sensors market share is expected to increase by USD 20.40 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 27.67%.

This IoT sensors market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers IoT sensors market segmentation by type (pressure sensor, temperature sensor, humidity sensor, flow sensor, and others) and geography (North America, Europe, APAC, South America, and MEA). The IoT sensors market report also offers information on several market vendors, including Analog Devices Inc., Bosch Sensortec GmbH , Broadcom Inc., Honeywell International Inc., Infineon Technologies AG, NXP Semiconductors NV, STMicroelectronics NV., TDK Corp., TE Connectivity Ltd., and Texas Instruments Inc. among others.

What will the IoT Sensors Market Size be During the Forecast Period?

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IoT Sensors Market: Key Drivers and Trends

The growing demand for smart factories and IIoT is notably driving the IoT sensors market growth, although factors such as the need for compliance with different regulations and standards may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the IoT sensors industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key IoT Sensors Market Driver

The growing demand for smart factories and IIoT is one of the key drivers contributing to the IoT sensors market growth. Over the years, the need for smart factories has increased globally. This trend is expected to continue during the forecast period with the emergence of the IIoT that assimilates smart machines, warehouses, industrial robots, and entire production facilities to achieve corporate goals and key performance indicators (KPIs). Manufacturing companies in countries such as China and Germany have already adopted IoT sensors to ensure better communication and precise coordination among organizations. The adoption of automation in end-to-end processes will also increase during the forecast period, which will further involve the use of robots, sensors, software, wireless systems, programmable logic controllers (PLCs), and software solutions such as distributed control systems.

Key IoT Sensors Market Challenge

Manufacturers of sensors must comply with all the protocols while engineering products. Vendors need to ensure hassle-free connectivity and integration of sensors. They also need to ensure that the sensors are compatible with the network used in the plant. Networking standards that sensors need to meet are CompoNet, supported by ODVA and IO-Link, supported by Profibus. IO-Link ensures intelligence and flexibility, and CompoNet focuses on cost and speed. Complications arise when these regulations differ in industries and regions. Moreover, it is an expensive affair when vendors need to make changes for different industrial applications because in the case of automation in industries such as oil and gas, the equipment needs to be tested and certified. Therefore, need for compliance with different regulations and standards is one of the key factors challenging growth of IoT sensors market vendors.

This IoT sensors market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major IoT Sensors Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Analog Devices Inc.
  • Bosch Sensortec GmbH 
  • Broadcom Inc.
  • Honeywell International Inc.
  • Infineon Technologies AG
  • NXP Semiconductors NV
  • STMicroelectronics NV.
  • TDK Corp.
  • TE Connectivity Ltd.
  • Texas Instruments Inc.

 

This statistical study of the IoT sensors market encompasses successful business strategies deployed by the key vendors. The IoT sensors market is fragmented and the vendors are deploying growth strategies such as offering products directed at process industries to increase their market share while capturing the major end-user segments.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The IoT sensors market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for IoT Sensors Market?

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40% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for IoT sensors market in North America. Market growth in this region will be slower than the growth of the market in other regions.

The rapid growth of the industrial, automotive, and healthcare sectors and the adoption of IoT in these industries to achieve operational efficiency and competitive gains will facilitate the IoT sensors market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the IoT Sensors Market?

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The IoT sensors market share growth by the pressure sensor segment will be significant during the forecast period. Pressure sensors measure the pressure of liquids and gases and transmit the information to industrial automation systems for the analysis of the overall performance of devices in a manufacturing plant. These measurements are critical in industrial applications.  In downstream applications, pressure sensors are used in gas custody transfer activities. In addition, pairing a wireless transmitter with a pressure sensor allows the monitoring of the wellhead casing and tubing pressure. These factors are driving the segment growth.

This report provides an accurate prediction of the contribution of all the segments to the growth of the IoT sensors market size and actionable market insights on post COVID-19 impact on each segment.

 

IoT Sensors Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 27.67%

Market growth 2022-2026

$ 20.40 billion

Market structure

Fragmented

YoY growth (%)

26.00

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 40%

Key consumer countries

US, Canada, China, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Analog Devices Inc., Bosch Sensortec GmbH , Broadcom Inc., Honeywell International Inc., Infineon Technologies AG, NXP Semiconductors NV, STMicroelectronics NV., TDK Corp., TE Connectivity Ltd., and Texas Instruments Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this IoT Sensors Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive IoT sensors market growth during the next five years
  • Precise estimation of the IoT sensors market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the IoT sensors industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of IoT sensors market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Pressure sensor - Market size and forecast 2021-2026
    • Temperature sensor - Market size and forecast 2021-2026
    • Humidity sensor - Market size and forecast 2021-2026
    • Flow sensor - Market size and forecast 2021-2026
    • Others - Market size and forecast 2021-2026
    • Market opportunity by Type

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2021-2026
    • Europe - Market size and forecast 2021-2026
    • APAC - Market size and forecast 2021-2026
    • South America - Market size and forecast 2021-2026
    • MEA - Market size and forecast 2021-2026
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Analog Devices Inc.
    • Bosch Sensortec GmbH 
    • Broadcom Inc.
    • Honeywell International Inc.
    • Infineon Technologies AG
    • NXP Semiconductors NV
    • STMicroelectronics NV.
    • TDK Corp.
    • TE Connectivity Ltd.
    • Texas Instruments Inc.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The iot sensors market growth will increase by $20401.04 million during 2021-2026.
    The iot sensors market is expected to grow at a CAGR of 27.67% during 2021-2026.
    Technavio has segmented the iot sensors market by type (Pressure sensor, Temperature sensor, Humidity sensor, Flow sensor, and Others) and geographic (North America, Europe, APAC, South America, and MEA).
    Analog Devices Inc., Bosch Sensortec GmbH , Broadcom Inc., Honeywell International Inc., Infineon Technologies AG, NXP Semiconductors NV, STMicroelectronics NV., TDK Corp., TE Connectivity Ltd., Texas Instruments Inc. are a few of the key vendors in the iot sensors market.
    North America will register the highest growth rate of 40.23% among the other regions. Therefore, the iot sensors market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
    • US
    • Canada
    • China
    • Germany
    • UK
    The key factors driving the iot sensors market growth are:
    • Growing demand for smart factories and IIoT
    The iot sensors market vendors should focus on grabbing business opportunities from the pressure sensor segment as it accounted for the largest market share in the base year.
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