Sensors in Internet of Things Devices Market, Analysis & Forecast - HARD COPY

Internet of Things (IoT) is an emerging technology which is on the path of rapid developmental growth. Automobiles, goods & services, sensors, consumer durables and industry & utility components among others are now aligned with the internet and data analytic capabilities which is transforming the way people work, live and think. By 2025, it is being projected that more than 100 billion of Internet of Things (IoT) connected devices will be installed which will generate a revenue of close to $10 trillion.

Sensors market in Internet of Things (IoT) connected devices is showing a dynamic growth rate in the forecast period. The main reasons or factors that drive the magnificent growth in this market are: price, capability and size. As the price of sensors is showing a constant decline, their demand has been extensively increasing in all the major verticals including healthcare, transportation, retail and manufacturing among others. Over the years, well known market players are showing their interest in sensors market in Internet of Things (IoT) connected devices. Players like Google, IBM, Samsung, HTC, Qualcomm, and Bosch among others are investing a large extent in Internet of Things (IoT) sensors market in order to innovate their products as well as to capture the major market share. However, even with such enormous growth, Internet of Things (IoT) sensor market is facing a lot of challenges which are as follows: trust & privacy issues, resorting to lower standards due to cut throat competition and security concerns among others.
The U.S. generated the maximum amount of revenue in the year 2015 in the global IoT sensors industry as compared to other countries, whereas India is expected to have the maximum potential to grow in the forecast period. The U.S has always been on the forefront of the world map when it comes to technological advancement. While profiling major companies it has been found out that most of the renowned companies are US based, giving significant impetus to the growth of this market in the US as well as the whole of North America.
The report is a compilation of different segments of global IoT sensors market including a market breakdown by types, application and different geographical locations. The revenue generated from IoT sensors in the market has been tracked to calculate the market size. Under this component, its application areas contributing in shaping the overall market have also been explained. The report also discusses in detail about the key participants involved in the industry. The report answers the following questions about the global IoT sensors market:
• What are different types of sensors in Internet of Things (IoT) devices?
• What are the different application areas of global sensors in Internet of Things (IoT) devices market?
• What are the different factors driving the global sensors in Internet of Things (IoT) devices market forward in the forecast period?
• What are the factors challenging the growth of global sensors in Internet of Things (IoT) devices market?
• Who are the leading players in the global sensors in Internet of Things (IoT) devices market?
• What kind of new strategies are being adopted by the existing market players to make a stronger mark in the industry?
• Which region will be the leader in global sensors in Internet of Things (IoT) devices market by the end of forecast period?
Executive Summary 17
1 Report Scope and Methodology 24
1.1 Scope of the Report 24
1.2 Assumptions and Limitations 25
1.3 Global Sensors Market in Internet of Things (IoT) devices: Research Methodology 25
1.4 Primary Research 26
1.5 Secondary Research 27
1.6 Data Triangulation 28
1.6.1 Report Methodology 29
1.6.2 Stakeholders 31
1.6.3 Influencing Factors 31
2 Market Dynamics 33
2.1 Introduction 33
2.2 Market Drivers 34
2.2.1 Expanded Internet Connectivity 34
2.2.2 Extensive Smartphone Adoption 34
2.2.3 Low Cost Sensors 36
2.2.4 Large Internet of Things (IoT) Investments 37
2.3 Market Restraints 39
2.3.1 Security Concerns 39
2.3.2 Trust & Privacy 39
2.3.3 Complex process 39
2.3.4 Lowering Standards 39
2.4 Opportunities in the Market 40
2.4.1 Increasing Development of Smart Cites 40
2.4.2 Technological Advancement in Medical Industry 40
3 Competitive Insights 41
3.1 Key Market Developments & Strategies 41
3.1.1 New Product Launches, Developments 41
3.1.2 Partnerships, Joint Ventures, Collaborations and Contracts 47
3.1.3 Business Expansions and Certifications 53
3.1.4 Mergers & Acquisitions 54
3.1.5 Others 57
3.2 R&D Analysis of Leading Players in Sensors Market in Internet of Things (IoT) devices 59
3.3 Analysis of Leading Players in Sensors Market in Internet of Things (IoT) Devices 61
3.4 Industry Attractiveness 62
4 Global Sensors in Internet of Things (IoT) devices Market Size & Forecast by Sensors Type 64
4.1 Assumptions for Market Estimation 64
4.2 Introduction 65
4.2.1 Pressure Sensors 68
4.2.2 Pressure Sensors used in different Applications 69
4.2.3 Temperature Sensors 70
4.2.4 Temperature Sensors used in different Applications 71
4.2.5 Light Sensors 73
4.2.6 Light Sensors used in different Applications 74
4.2.7 Chemical Sensors 76
4.2.8 Chemical Sensors used in different Applications 77
4.2.9 Motion Sensors 79
4.2.10 Motion Sensors used in different Applications 80
4.2.11 Other Sensors 82
4.2.12 Other Sensors used in different Applications 83
5 Global Internet of Things (IoT) Sensors Market, By Applications 85
5.1 Global Sensors Market in Internet of Things (IoT) Devices, By Application 85
5.1.1 Introduction 85
5.1.2 Business/Manufacturing 87
5.1.3 Healthcare 88
5.1.4 Retail 90
5.1.5 Transport 91
5.1.6 Others 92
6 Global Internet of Things (IoT) Sensors Market, By Geography 94
6.1 Introduction 94
6.2 Developed Economies Internet of Things (IoT) Sensors Market 95
6.2.1 US 96
6.2.2 Germany 96
6.2.3 Italy 98
6.2.4 UK 99
6.2.5 Japan 100
6.2.6 France 101
6.2.7 Spain 101
6.2.8 Canada 102
6.2.9 Other developed countries 103
6.3 Developing Economies Internet of Things (IoT) Sensors Market 106
6.3.1 China 106
6.3.2 India 107
6.3.3 Middle East & Africa 108
6.3.4 South Korea 110
6.3.5 Other Developing Countries 110
7 Company Profile 113
7.1 Acuity Brands Inc 113
7.1.1 Company Overview 113
7.1.2 Financials 114
7.1.3 Overall Financials 114
7.1.4 Geographic Revenue Mix 114
7.1.5 Financial Summary 115
7.1.6 SWOT Analysis 115
7.2 ARM Holdings 116
7.2.1 Company Overview 116
7.2.2 Financials 117
7.2.3 Overall Financials 117
7.2.4 Geographic Revenue Mix 117
7.2.5 Financial Summary 118
7.2.6 SWOT Analysis 118
7.3 Bosch Sensortec 119
7.3.1 Company Overview 119
7.4 Cisco Systems 120
7.4.1 Company Overview 120
7.4.2 Financials 121
7.4.3 Overall Financials 121
7.4.4 Business Segment Revenue Mix 122
7.4.5 Geographic Revenue Mix 122
7.4.6 Financial Summary 123
7.4.7 SWOT Analysis 123
7.5 Ericsson 124
7.5.1 Company Overview 124
7.5.2 Financials 125
7.5.3 Overall Financials 125
7.5.4 Business Segment Revenue Mix 125
7.5.5 Geographical Revenue Mix 126
7.5.6 Financial Summary 126
7.5.7 SWOT Analysis 127
7.6 Google Inc. 128
7.6.1 Company Overview 128
7.6.2 Financials 129
7.6.3 Overall Financials 129
7.6.4 Geographic Revenue Mix 129
7.6.5 Business Segment Revenue Mix 130
7.6.6 Financial Summary 130
7.6.7 SWOT Analysis 131
7.7 Honeywell International Inc 132
7.7.1 Company Overview 132
7.7.2 Financials 133
7.7.3 Overall Financials 133
7.7.4 Business Segment Revenue Mix 133
7.7.5 Geographical Revenue Mix 134
7.7.6 Financial Summary 134
7.7.7 SWOT Analysis 135
7.8 HTC Corporation 136
7.8.1 Company Overview 136
7.8.2 Financials 137
7.8.3 Overall Financials 137
7.8.4 Geographic Revenue Mix 137
7.8.5 Financial Summary 138
7.8.6 SWOT Analysis 138
7.9 IBM 139
7.9.1 Company Overview 139
7.9.2 Financials 140
7.9.3 Overall Financials 140
7.9.4 Business Segment Revenue Mix 140
7.9.5 Geographic Revenue Mix 141
7.9.6 Financial Summary 141
7.9.7 SWOT Analysis 142
7.10 Infineon Technologies 143
7.10.1 Company Overview 143
7.10.2 Financial 144
7.10.3 Overall Financial 144
7.10.4 Business Segment Revenue Mix 144
7.10.5 Geographical Revenue Mix 145
7.10.6 Financial Summary 145
7.10.7 SWOT Analysis 146
7.11 Intel Corporation 147
7.11.1 Company Overview 147
7.11.2 Financials 148
7.11.3 Overall Financials 148
7.11.4 Geographic Revenue Mix 148
7.11.5 Business Segment Revenue Mix 149
7.11.6 Financial Summary 149
7.11.7 SWOT Analysis 150
7.12 Invensense Inc 151
7.12.1 Company Overview 151
7.12.2 Financials 152
7.12.3 Overall Financials 152
7.12.4 Business Segment Revenue Mix 152
7.12.5 Geographic Revenue Mix 153
7.12.6 Financial Summary 153
7.12.7 SWOT Analysis 154
7.13 Microsoft Corporation 155
7.13.1 Company Overview 155
7.13.2 Financials 156
7.13.3 Overall Financials 156
7.13.4 Geographic Revenue Mix 156
7.13.5 Business Segment Revenue Mix 157
7.13.6 Financial Summary 157
7.13.7 SWOT Analysis 158
7.14 NXP Semiconductors NV 159
7.14.1 Company Overview 159
7.14.2 Financials 160
7.14.3 Overall Financials 160
7.14.4 Geographic Revenue Mix 160
7.14.5 Business Segment Revenue Mix 161
7.14.6 Financial Summary 161
7.14.7 SWOT Analysis 162
7.15 Omron Corp 163
7.15.1 Company Overview 163
7.15.2 Financials 164
7.15.3 Overall Financials 164
7.15.4 Business Segment Revenue Mix 164
7.15.5 Geographical Revenue Mix 165
7.15.6 Financial Summary 165
7.15.7 SWOT Analysis 166
7.16 Qualcomm Inc 167
7.16.1 Company Overview 167
7.16.2 Financials 168
7.16.3 Overall Financials 168
7.16.4 Geographic Revenue Mix 168
7.16.5 Business Segment Revenue Mix 169
7.16.6 Financial Summary 169
7.16.7 SWOT Analysis 170
7.17 Robert Bosch 171
7.17.1 Company Overview 171
7.17.2 Financials 172
7.17.3 Overall Financials 172
7.17.4 Business Segment Revenue Mix 172
7.17.5 Geographical Revenue Mix 173
7.17.6 Financial Summary 173
7.17.7 SWOT Analysis 174
7.18 Samsung Electronics Co, Ltd. 175
7.18.1 Company Overview 175
7.18.2 Financials 176
7.18.3 Overall Financials 176
7.18.4 Geographic Revenue Mix 176
7.18.5 Business Segment Revenue Mix 177
7.18.6 Financial Summary 177
7.18.7 SWOT Analysis 178
7.19 Siemens 179
7.19.1 Company Overview 179
7.19.2 Financials 180
7.19.3 Overall Financials 180
7.19.4 Business Segment Revenue Mix 180
7.19.5 Geographic Revenue Mix 181
7.19.6 Financial Summary 181
7.19.7 SWOT Analysis 182
7.20 STMicroelectronics 183
7.20.1 Company Overview 183
7.20.2 Financials 184
7.20.3 Overall Financials 184
7.20.4 Business Segment revenue Mix 184
7.20.5 Geographical revenue mix 185
7.20.6 Financial Summary 185
7.20.7 SWOT Analysis 186
List of Tables
Table 2.1 ASP/Unit of Smartphones 35
Table 2.2 Average Selling Price (ASP)/Unit of Sensors used in Smartphones & Wearables 36
Table 2 3 Internet of Things (IoT) Startups Funding 38
Table 3.1 New Product Launches, & Development 41
Table 3.2 Partnerships, Joint Ventures, Collaborations & Contracts 47
Table 3.3 Business Expansion & Certification 54
Table 3.4 Mergers & Acquisitions 54
Table 3.5 Other Developments & Recognitions 57
Table 4.1 Global Internet of Things (IoT) Sensors Market by Type 67
Table 4.2 Global Pressure Sensors Used in Different Applications: Market Size 70
Table 4.3 Global Temperature Sensors Used in Different Applications Market Size 72
Table 4.4 Global Light Sensors Used in Different Applications Market Size 75
Table 4.5 Global Chemical Sensors Used in Different Applications Market Size 78
Table 4.6 Global Motion Sensors Used in Different Applications Market Size 81
Table 4.7 Global Other Sensors Used in Different Applications Market Size 84
Table 5.1 Global Internet of Things (IoT) Sensors Market by Application 87
Table 6.1 Developed Economies Sensors in Internet of Things (IoT) Devices Market Size, (2015-2022) 105
Table 6.2 Developing Countries Internet of Things (IoT) Sensors Market Size 112

List of Figures
Figure 1 Global Sensors in Internet of Things (IoT) Devices Market Size 19
Figure 2 Global Internet of Things (IoT) Sensors Market by Type 20
Figure 3 Global Internet of Things (IoT) Sensors Market by application 21
Figure 4 Global Internet of Things (IoT) Sensors Market by Geography 22
Figure 1.1 Global Sensors Market in Internet of Things (IoT) Devices Scope 24
Figure 1.2 Report Design 26
Figure 1.3 Primary Interview Breakdown, by Player, Designation & Region 27
Figure 1.4 Sources of Secondary Research 28
Figure 1.5 Data Triangulation 29
Figure 1.6 Top-Down and Bottom-Up Approach 30
Figure 1.7 Stakeholders 31
Figure 1.8 Influencing Factors 32
Figure 2.1 Impact Analysis of Market Dynamics 33
Figure 2.2 ASP/Unit of Smartphones 35
Figure 2.3 Average Selling Price (ASP)/Unit of Sensors used in Smartphones & Wearables, (2009-2016) 37
Figure 3.1 R & D Analysis of Leading Players 59
Figure 3.2 Bubble Chart for Leading Players in Sensors Market in Internet of Things (IoT) Devices 61
Figure 3.3 Supply-Chain Analysis for Sensors Market in Internet of Things (IoT) Devices 62
Figure 4.1 Global Sensors Market in Internet of Things (IoT) Devices Market Size, (2015-2022) 65
Figure 4.2 Global Internet of Things (IoT) Sensors Market by Type 66
Figure 4.3 Market Overview of Global Internet of Things (IoT) Sensors Market by Type 67
Figure 4.4 Pressure Sensors in Internet of Things (IoT) Market, (2015–22) 68
Figure 4.5 Global Pressure Sensors Used in Different Applications: Market Size 69
Figure 4.6 Temperature Sensors in Internet of Things (IoT) Market, (2015–22) 71
Figure 4.7 Global Temperature Sensors Used in Different Applications Market Size 72
Figure 4.8 Light Sensors in Internet of Things (IoT) Market, (2015–22) 74
Figure 4.9 Global light Sensors Used in Different Applications Market Size 75
Figure 4.10 Chemical Sensors in Internet of Things (IoT) Market, (2015–22) 77
Figure 4.11 Global Chemical Sensors Used in Different Applications Market Size 78
Figure 4.12 Motion Sensors in Internet of Things (IoT) Market, (2015–22) 80
Figure 4.13 Global Motion Sensors Used in Different Applications Market Size 81
Figure 4.14 Other Sensors in Internet of Things (IoT) Market (2015–22) 82
Figure 4.15 Global Other Sensors Used in Different Applications Market Size 83
Figure 5.1 Global Internet of Things (IoT) Sensors Market by Application 86
Figure 5.2 Global Internet of Things (IoT) Sensors Market by Application 86
Figure 5.3 Global Internet of Things (IoT) Sensors in Business/Manufacturing Market Size 87
Figure 5.4 Global Internet of Things (IoT) Sensors in Healthcare Market Size 88
Figure 5.5 Global Internet of Things (IoT) Sensors in Retail Market Size 90
Figure 5.6 Global Internet of Things (IoT) Sensors in Transport Market Size 91
Figure 5.7 Global Internet of Things (IoT) Sensors in Other Application Market Size 92
Figure 6.1 Global Internet of Things (IoT) Sensors Market by Geography 95
Figure 6.2 US Internet of Things (IoT) Sensors Market, (2015-22) 96
Figure 6.3 Germany Internet of Things (IoT) Sensors Market, (2015-22) 97
Figure 6.4 Italy Internet of Things (IoT) Sensors Market, (2015-22) 98
Figure 6.5 UK Internet of Things (IoT) Sensors Market, (2015-22) 99
Figure 6.6 Japan Internet of Things (IoT) Sensors Market, (2015-22) 100
Figure 6.7 France Internet of Things (IoT) Sensors Market, (2015-22) 101
Figure 6.8 Spain Internet of Things (IoT) Sensors Market, (2015-22) 102
Figure 6.9 Canada Internet of Things (IoT) Sensors Market, (2015-22) 103
Figure 6.10 Other Developed Countries Internet of Things (IoT) Sensors Market, (2015-22) 104
Figure 6.11 China Internet of Things (IoT) Sensors Market, (2015-22) 107
Figure 6.12 Indian Internet of Things (IoT) Sensors Market, (2015-22) 108
Figure 6.13 Middle East & Africa Internet of Things (IoT) Sensors Market, (2015-22) 109
Figure 6.14 South Korea Internet of Things (IoT) Sensors Market, (2015-22) 110
Figure 6.15 Other Developing Countries Internet of Things (IoT) Sensors Market, (2015-22) 111
Figure 7.1 Overall Financials, 2013-15, ($Million) 114
Figure 7.2 Geographic Revenue Mix, 2013-15 ($ Million) 114
Figure 7.3 Acuity Brands Inc.: SWOT Analysis 115
Figure 7.4 Overall Financials 2013-15 ($ Million) 117
Figure 7.5 Geographic Revenue Mix 2015 ($ Million) 117
Figure 7.6 ARM Holdings: SWOT Analysis 118
Figure 7.8 Overall Financials, 2014-16 ($ Million) 121
Figure 7.9 Business Segment Revenue Mix 2014-16 ($ Million) 122
Figure 7.10 Geographic Revenue Mix 2014-16 ($ Million) 122
Figure 7.11 Cisco Systems: SWOT Analysis 123
Figure 7 13 Business Segment Revenue Mix, 2013-15 ($ Million) 125
Figure 7 14 Geographical Revenue, 2013-15 ($ Million) 126
Figure 7 15 Ericsson: SWOT Analysis 127
Figure 7.16 Overall Financials 129
Figure 7.17 Geographic Revenue Mix, 2013-15 ($Billion) 129
Figure 7.18 Segment Revenue Mix, 2013-15 ($Billion) 130
Figure 7.19 Google Inc.: SWOT Analysis 131
Figure 7.20 Overall Financials, 2013-15 ($ Million) 133
Figure 7.21 Business Segment Revenue Mix, 2013-15 ($ Million) 133
Figure 7.22 Geographical Revenue Mix, 2013-15 ($ Million) 134
Figure 7.23 Honeywell International Inc.: Swot Analysis 135
Figure 7.24 Overall Financials, ($ billion) 137
Figure 7.25 Geographic Revenue Mix, 2013-15 ($Billion) 137
Figure 7.26 HTC Corporation: Swot Analysis 138
Figure 7.27 Overall Financials 2013-15 ($ Million) 140
Figure 7.28 Business Segment Revenue Mix 2013-15 ($ Million) 140
Figure 7.29 Geographic Revenue Mix 2012-14 ($ Million) 141
Figure 7.30 IBM: SWOT Analysis 142
Figure 7 31 Overall Financials: 2013-15 ($ million) 144
Figure 7 32 Business Segment Revenue Mix, 2013-15 ($ Million) 144
Figure 7 33 Geographical Revenue Mix, 2013-15 ($ Million) 145
Figure 7 34 Infineon Technologies: SWOT Analysis 146
Figure 7.35 Overall Financials, 2013-15 ($Billion) 148
Figure 7.36 Geographic Revenue Mix, 2013-15 ($Billion) 148
Figure 7.37 Segment Revenue Mix, 2013-15 ($Billion) 149
Figure 7.38 Intel Corporation: Swot Analysis 150
Figure 7.39 Overall Financials 2013-16 ($ Million) 152
Figure 7 40 Business Segment Revenue Mix, 2014-16 152
Figure 7.41 Geographic Revenue Mix 2015 (% Share) 153
Figure 7.42 Invensense Inc.: SWOT Analysis 154
Figure 7.43 Overall Financials, 2013-15 156
Figure 7.44 Geographic Revenue Mix, 2013-15 156
Figure 7.45 Segment Revenue Mix, 2013-15 ($Billion) 157
Figure 7.46 Microsoft Corporation: SWOT Analysis 158
Figure 7.47 Overall Financials, 2013-15 ($ Million) 160
Figure 7.48 Geographic Revenue Mix, 2013-15 ($ Million) 160
Figure 7.49 Segment Revenue Mix, 2013-15 ($ Million) 161
Figure 7.50 NXP Semiconductors NV: Swot Analysis 162
Figure 7 51 Overall Financials, 2013-2015, ($ Million) 164
Figure 7 52 Business Segment Revenue Mix, 2015 (%) 164
Figure 7 53 Geographic Revenue Mix, 2013-15 ($ Million) 165
Figure 7 54 Omron Corporation: SWOT Analysis 166
Figure 7.55 Overall Financials, 2013-15 ($Billion) 168
Figure 7.56 Geographic Revenue Mix, 2013-15 ($Billion) 168
Figure 7.57 Segment Revenue Mix, 2013-15 ($Billion) 169
Figure 7.58 Qualcomm Inc.: Swot Analysis 170
Figure 7 59 Overall Financials, 2013-2015 ($ Million) 172
Figure 7 60 Business Segment Revenue Mix, 2015 (%) 172
Figure 7 61 Geographical Revenue Mix, 2015 (%) 173
Figure 7 62 Robert Bosch: SWOT Analysis 174
Figure 7.63 Overall Financials, 2013-15 ($ Billion) 176
Figure 7.64 Geographic Revenue Mix, 2013-15 ($Billion) 176
Figure 7.65 Segment Revenue Mix, 2013-15 ($Billion) 177
Figure 7.66 Samsung Electronics Corporation: SWOT Analysis 178
Figure 7.67 Overall Financials 2014-16 ($ Million) 180
Figure 7.68 Business Segment Revenue Mix 2013-15 ($ Million) 180
Figure 7.69 Geographic Revenue Mix 2013-15 ($ Million) 181
Figure 7.70 SWOT Analysis: Siemens 182
Figure 7.71 Overall Financials, 2013-15 ($ Million) 184
Figure 7.72 Business Segment Revenue Mix, 2013-15 ($ Million) 184
Figure 7.73 Geographic Revenue Mix, 2013-15 ($ Million) 185
Figure 7.74 STMicroelectronics: SWOT Analysis 186
Sensors in Internet of Things (IoT) is the one of most recent developments in the field of modern technology due to their efficient and eco-friendly features. . The Internet of Things (IoT) sensors industry is a fast growing industry, with an enormous scope for future developments. Widespread use of Internet of Things (IoT) devices in developed regions has had a tremendous impact on the sensor market, thus increasing the usage of sensors in Internet of Things (IoT) market to a large extent since its inception. Sensors help in monitoring our surroundings in a highly efficient manner. . Modern sensor technology is emerging to a great extent which further expands the technological base and creates a major impact on the daily life. Through sensors, the compiled data gets transmitted to the computer. With the help of modern computer software, the compiled data transforms into several type of formats including tables, graphs or pictography. Today, sensors are available for almost all major application fields and are contributing to a large extent in the field of technology. Within industries, various sensors including temperature, humidity, and vibration sensors have been used in order to send out an alert whenever danger or mishap is about to happen.
The global sensors market in Internet of Things (IoT) devices was estimated at $10,596.39 million in 2015 and is expected to reach at a significant level by 2022 registering a CAGR of 26.91% from 2015 to 2022. The factors driving the growth of the Internet of Things (IoT) sensors market include: widespread internet connectivity, rapid adoption of mobile technology and constantly falling average selling price (ASP) of sensors in Internet of Things (IoT) devices. Additionally, increasing support of government for the adoption of sensors in Internet of Things (IoT) devices is also aiding the growth of the global Internet of Things (IoT) sensors market.
Global Sensors Market in Internet of Things (IoT) Devices Market Size, (2015-2022)

Source: Secondary research, expert interviews, and BIS Research Analysis
Global sensors market in Internet of Things (IoT) devices has shown a dynamic growth rate in the forecast period. Over the years many major market players have contributed a great deal in terms of partnerships, collaborations, mergers & acquisitions etc. CISCO Systems is first in ranking in terms of maximum number of partnerships, collaborations, mergers & acquisitions being made by it in 2014 & 2015. A similar trend was being followed by STMicroelectronics, Intel Corporation, ARM Holdings and Invensense among others. CISCO Systems manages to be at the top of the market because of its diversification of products, highest revenue generation, and widespread geographical presence across the globe among others.
In terms of percentage share of different types of sensors being extensively used in Internet of Things (IoT) connected devices, pressure sensors accounted for maximum in 2015 of 31.27%. The reason for the same is the fact that pressure sensors are showing the highest demand among all the verticals because of continuous falling price. Healthcare sector is utilising the pressure sensors on a large scale because of growing need of advanced medical facilities to the patients all across the globe. Retail is using a considerable amount of sensors in order to minimize the cost of production and labor cost. Moreover, with the usage of sensors, it becomes easy to detect theft with the help of visual based sensors. In transportation industry, sensors have proved to be a boon. Previously, when sensors were not used in transportation sector, it was very difficult for the companies to continuously monitor the condition of agro based products. However, with the usage of various sensors in transportation, it is now very safe and easy to deliver the products to the end users with the minimal wastage.
The market is dominated by North America and the APAC which are expected to grow at the highest rate in the forecast period. The dominance of North America in the Internet of Things (IoT) sensors market over other regions is due to heavy demand for new infrastructure, strong economic growth driven mainly by China, and increasing affordability of Internet of Things (IoT) sensors in the region. The US is the leader of the North American Internet of Things (IoT) sensors market, and accounted for a market share of around 68.59% in 2015.
North America and Asia Pacific region
Market Research, market research reports, market report, market forecast, market outlook, market analysis, market size, market study, market growth, market trends, market estimates, market survey, industry report, Technology Report, market overview, market share, emerging technology market, emerging technology market research, emerging technology market intelligence
Internet of Things (IoT) is an emerging technology that is extensively being used in the present day scenario. Automobiles, goods & services, sensors, consumer durables, and industry & utility components among others are now aligned with the internet and data analytic capabilities which is transforming the way people work, live and think. By 2025, it is being projected that more than 100 billion of Internet of Things (IoT) connected devices will be installed which will generate a revenue of close to $10 trillion.
Sensors market in Internet of Things (IoT) connected devices is showing a dynamic rate of growth in the forecast period. The main reasons or factors that drive this growth in this market are: price, capability and size. As the price of sensors is showing a constant decline, its demand has been extensively increasing in all the verticals including healthcare, transportation, retail and manufacturing among others. Over the years, big giant players are showing their interest in sensors market in Internet of Things (IoT) connected devices. Players like Google, IBM, Samsung, HTC, Qualcomm, and Bosch among others are investing billon of $ in Internet of Things (IoT) sensors market in order to innovate their products as well as to capture a major market share.
However, even with such enormous growth Internet of Things (IoT) sensor market is facing a lot of challenges which are as follows: trust & privacy issues, resorting to lower standards due to cut throat competition and security concerns among others. Internet of Things (IoT) sensors market is lined up with a handful of opportunities in coming future. Developed economies are engaging in upcoming projects on smart cities which will be utilizing a variety of sensors including smart parking sensors, and smart meters among others. Moreover, with the growing awareness towards health, various technological advancements have already been initiated in healthcare sector which will increase the demand for sensor in healthcare segment. Biosensor is one of the examples which is extensively used in healthcare segment and is expected to show much higher growth in future.
BIS research has published various reports on different disruptive technologies comprising of global smart lighting market, FinFet technology market and AR & VR market among others. The paradigm changes in the industry has compelled the analysts to add a detailed chapter on the market dynamics in the sensors market including the key driving and restraining forces, along with the opportunities for the global IoT sensors market through the forecast period. Moreover, having identified the potential for further development in the form of product launches, partnerships, and acquisitions among others, the report has included a separate section of detailed competitive landscape. The recently undertaken activities by the key players in this market have also been tracked in the form of company profiles. Some of the key companies covered in the report are Google, Microsoft, HTC, Bosch, IBM, Qualcomm, and Samsung.
BIS Research has estimated the sensors market in IoT devices to grow at a CAGR of 26.91% during 2016-2022. In terms of region, the U.S is the leading market for IoT sensors among North America. The main reason for its domination is the fact that the U.S has always been on the forefront of the world map when it comes to technological advancement. In terms of application segment, healthcare is dominating the market during the estimated period and continues to maintain its dominance during the forecast period as well.
STMicroelectronics, Intel Corporation, ARM Holdings and Invensense, CISCO Systems
The Global Sensors in IoT Devices Market estimated to grow at a CAGR of 26.91% by 2022.