Market Scenario:

Major giants like IBM Corporation and Texas Instruments are investing into IoT sensor market due to increasing demand from various industry verticals like commercial, consumer and industrial. Increasing need for real time computing of applications is one major factor fueling the growth of IoT sensor market. Texas Instruments is dominating the internet of things market and is considered to be the technology leader in IoT applications.

North America region holds the largest market share of global IoT Sensor Market followed by Europe and Asia Pacific regions. The growth is North America region is mainly dominated by U.S. and Canada and is attributed to the increasing demand for mobile communication and consumer electronics in the region. The region also has a well-established infrastructure which allows implementation of advanced technologies.

IoT sensor market has been segmented on the basis of component, type, network technology and vertical. The type segment is further bifurcated into proximity sensor, acoustic sensor, temperature sensor, pressure sensor, flow sensor, humidity sensor, inertial sensor, touch sensor, image sensor, motion sensor, occupancy sensor, CO2 sensor, accelerometer, magnetometer, gyroscope and others. Out of which, the pressure sensor market is expected to hold the largest market share of the IoT sensor market. This is owing to the increasing number of applications of IoT sensors in various sectors like healthcare, industrial automation, transportation and consumer electronics.

Major factor driving the growth of IoT sensor market is the growing need for connected devices and increasing adoption of smart devices and wearables. Development of cheaper and smarter internet of things sensor is one major factor responsible for driving the growth of IoT sensor market. As the prices are cheap, the implementation of IoT sensors is increasing day by day across various industry verticals. Supportive initiatives from government is another factor driving the growth of IoT sensor market.

The global IoT sensor market is expected to grow at approx. USD 40 Billion by 2023, at 42% of CAGR between 2017 and 2023.

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Key Players:

Texas Instruments Incorporated (U.S.),
STMicroelectronics N.V. (Switzerland),
TE Connectivity Ltd. (U.S.),
Infineon Technologies Ag (Germany),
Analog Devices,
(U.S.),
Broadcom Limited (U.S.),
Robert Bosch GmbH (Germany),
Johnson Controls International Plc. (Ireland),
Sony Corporation (Japan),
Honeywell International, Inc. (U.S.)
Segments:
IoT sensor market can be segmented on the basis of following:

By Component

Hardware Platform

Energy Management
Lighting Control Systems
Fire Protection Systems
Security & Access Control Systems
Consumer Devices
Set Top Boxes

Smart TVs

Home Theatre Projectors

Next Gen Game Consoles

Consumer Appliances

Smart Oven
Smart Dishwasher
Smart Washing Machine
Smart Refrigerator
Others
Wearable Devices

Body wear
Footwear
Eyewear
Software Platform

Application Security
Network Security
Data Management
Remote Monitoring System
Location Analytics
Real Time/ Streaming Analytics
Network Bandwidth Management
By Type

Proximity Sensor
Acoustic Sensor
Temperature Sensor
Pressure Sensor
Flow Sensor
Humidity Sensor
Inertial Sensor
Touch Sensor
Image Sensor
Motion Sensor
Occupancy Sensor
CO2 Sensor
Accelerometer
Magnetometer
Gyroscope
Others
Light Sensor

Radar Sensor

By Network Technology

Wired Network Technology

LonWorks
Ethernet
Modbus
KNX
Digital Addressable Lighting Interface
Wireless Network Technology

Wi-Fi
Bluetooth
ZigBee
Z-Wave
NFC
RFID
EnOcean
ProfiBus
Thread
WHART
DECT-ULE
Others

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By Vertical
Commercial IoT
Retail

Digital Signage
Real Time Analytics
Safety & Security
Advertising & Marketing
Resource Management
Smart Vending Machine
Smart Shelf & Smart Doors
Intelligent Payment Solution
Entertainment
Logistic & Supply Chain

Financial Institutes
Corporate Offices
Consumer IoT

Home Automation
Smart City
Wearable Electronics
Vertical

Consumer
Healthcare
Device

Foot Wear
Neck Wear
Body Wear
Wrist Wear
Eye Wear
Others

Industrial IoT:

Industrial Automation
Energy
Smart Agriculture
Fish Farming
Precision Farming
Livestock Monitoring
Smart Greenhouse
Others

Healthcare:

Connected Imaging
Inpatient Monitoring
Telemedicine
Clinical Operations & Workflow Management

Transportation:

Application

Telematics
Infotainment
ADAS
Predictive Analytics
Vertical

Airways
Roadways
Railways
Maritime

Regional Analysis:

The regional analysis of IoT sensor market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in IoT sensor market in North America is attributed to technical advancements and increasing demand for IoT sensors across various applications in that region.

Intended Audience

Technology Investors
Research/Consultancy Firms
Infrastructure Providers
Chip designers and fabricators
Original equipment manufacturers (OEMs)
Semiconductor Companies
Embedded system companies
Consumer Electronics Manufacturers
Sensor Manufacturers
Technology Providers
Telecommunication companies
Government Bodies
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