WESTFORD, Mass., June 26, 2024 /PRNewswire/ -- According to
SkyQuest, the global IoT Sensors Market size was valued at
USD 11.20 Billion in 2022 and is
poised to grow from USD 14.40 Billion
in 2023 to USD 107.74 Billion by
2031, at a CAGR of 28.60% during the forecast period
(2024-2031).
IoT sensors are sensors that are specifically designed for Internet
of Things (IoT) devices and applications. High adoption of IoT
devices and growing advancements in IoT technologies are fostering
demand for novel IoT sensors. The global IoT sensors market is
segmented into sensor type, vertical, and region.
Download a detailed overview:
https://www.skyquestt.com/sample-request/iot-sensors-market
IoT Sensors Market Overview:
Report
Coverage
|
Details
|
Market Revenue in
2023
|
$ 14.40 billion
|
Estimated Value by
2031
|
$ 107.74 billion
|
Growth
Rate
|
Poised to grow at a
CAGR of 28.60%
|
Forecast
Period
|
2024–2031
|
Forecast
Units
|
Value (USD
Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and
Trends
|
Segments
Covered
|
Sensor Type, Network
Technology, and Vertical
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, Middle East & Africa, Latin America
|
Report
Highlights
|
Updated financial
information / product portfolio of players
|
Key Market
Opportunities
|
Proliferation of Smart
Devices
|
Key Market
Drivers
|
Advancements in
Wireless Communication Technologies
|
Segments covered in IoT Sensors Market are as
follows:
- Sensor Type
- Temperature Sensor, Pressure Sensor, Humidity Sensor, Flow
Sensor, Accelerometer, Magnetometer, Gyroscope, Inertial Sensor,
Image Sensor, Touch Sensor, Proximity Sensor, Acoustic Sensor,
Motion Sensor, Occupancy Sensor (Image Processing Occupancy
Sensors, Intelligent Occupancy Sensors), CO2 Sensor, Other Sensors
(Light sensor, Radar sensor)
- Network Technology
- Wired (KNX, LonWorks, Ethernet, MODBUS, DALI), Wireless (Wi-Fi
[Bluetooth Smart, Wi-Fi Bluetooth Smart, Bluetooth Smart / Ant+,
Bluetooth 5]), ZIGBEE, Z-WAVE, NFC, RFID, ENOCEAN, THREAD, GLoWPAN,
WIRELESS-HART, Frocess field bus, DECT-ULE, Others (ANT+, ISA100,
GPS, Sub-Gig, and Cellular)
- Vertical
- Consumer (Home automation, Smart cities, Wearable electronics),
Commercial (Retail, Aerospace and Defense, Logistics and supply
chain, Entertainment, Financial Institutes, Corporate Offices),
Industrial (Energy, Industrial Automation, Transportation,
Healthcare, Smart agriculture)
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Pressure Sensors Keeping Up the Pressure in IoT Sensors
Market
Pressure sensors are used in cars as well as industrial
facilities used to make cars and are a vital part of almost all
kinds of technical devices or products. Pressure sensors play a
vital role in maintaining the safety of multiple operations by
keeping the pressure in check and warning users when it reaches
unsafe levels. High emphasis on security around the world is
projected to promote the demand for pressure sensors in the future.
Aerospace, healthcare, and manufacturing are some key industry
verticals where demand for pressure sensors will always be
high.
The rapid surge in the use of gesture-sensitive devices all over
the world is promoting the demand for accelerometer sensors. From
factory automation to smart homes, the use of accelerometer sensors
is projected to soar high over the coming years. Rising sales of
fitness trackers and gaming consoles are also estimated to bolster
the demand for accelerometer sensors in the future.
Temperature sensors are also anticipated to be highly popular in
multiple IoT devices owing to the surging demand for temperature
monitoring and control in various applications. Temperature sensors
are also highly vital in maintaining the safety of IoT devices and
surroundings to avoid mishaps due to excessive increases or drops
in temperatures. Other types of sensors include motion sensors,
light sensors, CO2 sensors, occupancy sensors, gyroscopes,
proximity sensors, etc. All these different types of sensors are
highly crucial for sustained IoT sensors market growth across the
forecast period and beyond, therefore investing in any of these
could help market players bolster their share.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/iot-sensors-market
High IoT Adoption Allows Industrial Vertical to Take Crown in
Revenue Generation
The use of IoT technologies in the industrial vertical is
increasing rapidly, which is why this sub-segment holds prominence
in the global IoT sensors market. High demand for automation and
increasing use of IoT devices to achieve the same are slated to
foster new opportunities for IoT sensors market players in this
segment. High adoption of the Industry 4.0 trend is also helping
this sub-segment boost the demand for IoT sensors. Development of
smart infrastructure is also boosting the demand for IoT sensors in
the commercial vertical. From healthcare to construction, multiple
industry verticals are promoting the use of IoT technologies and
thereby driving sales of IoT sensors as well.
Pressure sensors for IoT devices and IoT sensors for industrial
verticals are projected to be highly popular. IoT sensor companies
should invest in these sub-segments to get the best return on their
investments. Meanwhile, new companies can experiment with other
segments to find what suits the best for their business and focus
on the same. As per analysts, investing in the development of novel
proximity and accelerometer sensors will be highly rewarding for
upcoming IoT sensor companies.
Related Reports:
Sensor Market
Internet Of Things (IoT) Market
Internet Of Things (IoT) Professional Services Market
IoT Security Market
5G IoT Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and
Accelerator of Technology and assets. We provide access to
technologies, markets and finance across sectors viz. Life
Sciences, CleanTech, AgriTech, NanoTech and Information &
Communication Technology.
We work closely with innovators, inventors, innovation seekers,
entrepreneurs, companies and investors alike in leveraging external
sources of R&D. Moreover, we help them in optimizing the
economic potential of their intellectual assets. Our experiences
with innovation management and commercialization has expanded our
reach across North America,
Europe, ASEAN and Asia
Pacific.
Contact:
Mr. Jagraj
Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
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