High demand for connected and wearable devices is driving the growth. Data security concerns are hampering market growth.
Global IOT Sensors Market research reports meets with users expectations by covering all industrial parameters like Key Manufacturers, Top Regions, Developments, Technology, R&D, Trends, Revenue and Future industrial growth.
A substantial increase in the adoption of IoT sensors in diverse industries will drive the market in near future.The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
The global IOT Sensors market is valued at 9560 million US$ in 2018 is expected to reach 47000 million US$ by the end of 2025, growing at a CAGR of 22.0% during 2019-2025.
A smart sensor is a device that takes input from the physical environment and uses built-in compute resources to perform predefined functions upon detection of specific input and then process data before passing it on. IoT platforms function and deliver valorous kind of intelligence and data using a variety of sensors.
Key players dominating the IoT Sensors Industry include Honeywell, Libelium, Broadcom Inc., Hitachi, Huawei Technologies, GE, Rolls-Royce, Arm, Analog Devices, CenturyLink, NXP Semiconductors, Siemens , Bosch , SAP, KONUX, Nexiot AG.
[209 Pages Report] IoT sensors refer to the sensors used in smart applications, which require connectivity, real-time analytics, and common connecting platform for collecting and analyzing data.
There are various end-use industries where IoT sensors are deployed to facilitate this two way communication and for gathering data. In the automotive industry, sensors are deployed for the purpose of increasing the safety of the vehicles and for anti-lock braking systems, air bags and even for assistance in parking of vehicles. In the manufacturing sector, IoT sensors are used to reduce the cost of manufacturing and the cost of maintenance.The IoT sensor market is thriving with various types of sensors connected with devices and people, which enables a two-way communication process between man and machine.
The IoT sensors market is expected to be valued at USD +5 billion by 2018 and is projected to reach USD +22 billion by 2025, at a CAGR of +33 % between 2018 and 2025.
Main companies in the IoT Sensors industry, including Cooper Instruments & Systems, CTS Corp., Delphi Corp., Emerson Process Management, GE Measurement & Control and Rockwell Automation
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