Introduction of the IoT Sensors Market Report

IoT sensors detect and measure various physical properties such as temperature, heat, and pressure with the five human senses, including hearing, sight, touch, taste, and smell. IoT sensors are used to these parameters into an electrical signal transmitted to the central cloud-based server directly via an on-site micro-controller.

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the global IoT Sensors market include:

• • Increasing internet penetration
  • Adopting IoT-connected devices
  • Rising investment by the leading players due to rising consumer preference for intelligent technology-based upgraded devices

For instance, according to the We Forum Organization in 2020, IoT investments have reached USD 832 billion due to rising consumer spending on IoT solutions, which reached over USD 236 billion. Thus, such an increase in the investment in IoT devices around the globe has propelled the IoT sensors market growth.

Further, the increasing launching of new IoT devices for optimizing the industrial processes across several industry verticals such as automotive, aerospace, consumer electronics, semiconductors, etc., is expected to strengthen the IoT sensors market growth. For instance, in 2020, Realme launched several IoT devices, including wearables, audio devices, smartwatches, and smart TVs. Also, in 2021, Airtel launched an integrated 5G ready platform Airtel IoT for connecting and managing multiple devices across the industry. 

Restraint in the IoT Sensors Market

However, high manufacturing and security and privacy protections require corporate surveillance, to data breaches that may hinder the IoT sensors market growth. With the increase in the number of IoT-enabled systems, several security and privacy issues will arise. Every endpoint, gateway, sensor, and smartphone will become a potential target for hackers may hamper the global IoT sensors market.

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Type – Segment Analysis

Based on the type, motion/proximity is expected to grow at the fastest rate in the global IoT sensors market during the forecast period due to rising innovative city projects with growing consumer spending on intelligent home technology facilities worldwide. For instance, according to the We Forum Organization Report in 2019, global consumer spending on intelligent home-related devices reached USD 52 billion. It created a massive demand for the motion/proximity sensors used in smart homes and smart devices.

Component – Segment Analysis

Based on the component, the software is projected to capture the largest market share over the forecast period in the global IoT sensors market due to the rising launching of new software for connected devices worldwide by the leading players. For instance, in 2020, Xiaomi launched a new IoT software platform NuttX OS “Xiaomi Vela.”

End-User – Segment Analysis

Based on the end-user, automotive & transportation holds the highest market share in 2020 in the global IoT sensors market owing to the rising launching of new IoT sensor-based connected and autonomous vehicles across the globe. For instance, in 2020, Honda has launched Level 3 autonomous cars and received approval in Japan for autonomous driving technology.  IoT technology sensors are used to create innovative and advanced solutions such as Advanced Driver-Assistance Systems (ADAS), connected car solutions, in-vehicle infotainment systems, predictive maintenance solutions, navigation & telematics solutions, and vehicle-to-vehicle (v2v) applications.

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Regional – Segment Analysis:

Based on the region, the North America region is expected to capture a significant market share in the global IoT sensors market in 2020 due to the rising adoption of IoT sensors for intelligent and connected autonomous vehicles. For instance, in 2020, Waymo launched a fully autonomous fleet of self-driving taxis in the United States. Also, the demands for intelligent homes and smart city projects across the United States with government initiatives have propelled the IoT sensors market growth.

Top Market Players

Various notable players operating in the market, includes ABB Ltd, Schneider Electric SE, Robert Bosch GmbH, Texas Instruments Incorporated, Infineon Technologies Ag, Analog Devices, Inc., Johnson Controls International Plc., Sony Corporation, Broadcom Limited, Honeywell International, Inc., TE Connectivity, and among others. 

Key Developments:

• • In 2019, VivaLNK launched the IoT-Enabled Medical Wearable Sensor Platform for Continuous Patient Monitoring. Vitalic Medical partners with VivaLNK to detect early signs of patient health deterioration and risk of falling
  • In 2021, Zyter launched an IoT solution with Bluetooth-connected devices for smart hospitals to monitor medication temperature and alert and monitor the entire chain of custody of a vaccine from production for smart hospitals.
  • In 2020, Enlighted launched a game-changing building IoT sensor for corporate real estate with a new surface sensor for accelerating the IoT adoption in buildings during COVID-19.

Segments covered in the Report:

The global IoT sensors market has been segmented on the basis of type, component, end-user, and key regions. Based on type, the market is segmented into chemical, pressure, motion/proximity, temperature, motion & occupancy, and others. Based on component, the market is segmented into hardware, and software. Based on end-user, the market is segmented into automotive & transportation, healthcare, manufacturing/industrial and others. 

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Key questions answered in this research report:

• • At what pace is global IoT Sensors market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in IoT Sensors market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global IoT Sensors market?
  • Which type generated maximum revenues in 2020 and identifies the most promising type during the forecast period?
  • What are the various end-users of global IoT Sensors market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Component, By End-User, and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	ABB Ltd, Schneider Electric SE, Robert Bosch GmbH, Texas Instruments Incorporated, Infineon Technologies Ag, Analog Devices, Inc., Johnson Controls International Plc., Sony Corporation, Broadcom Limited, Honeywell International, Inc., TE Connectivity, and among others; a total of 11 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global IoT Sensors Market by Type

• • Chemical
  • Pressure
  • Motion/Proximity
  • Temperature
  • Motion & Occupancy
  • Others

Global IoT Sensors Market by Component

• • Hardware
  • Software

Global IoT Sensors Market by End-User

• • Automotive & Transportation
  • Healthcare
  • Manufacturing/Industrial
  • Others

Global IoT Sensors Market by Region

• • North America IoT Sensors Market (Option 1: As a part of the free 25% customization)
    • North America IoT Sensors Market by Type
    • North America IoT Sensors Market by Component
    • North America IoT Sensors Market by End-User
    • US IoT Sensors Market All-Up
    • Canada IoT Sensors Market All-Up
  • Europe IoT Sensors Market (Option 2: As a part of the free 25% customization)
    • Europe IoT Sensors Market by Type
    • Europe IoT Sensors Market by Component
    • Europe IoT Sensors Market by End-User
    • UK IoT Sensors Market All-Up
    • Germany IoT Sensors Market All-Up
    • France IoT Sensors Market All-Up
    • Spain IoT Sensors Market All-Up
    • Rest of Europe IoT Sensors Market All-Up
  • Asia-Pacific IoT Sensors Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific IoT Sensors Market by Type
    • Asia-Pacific IoT Sensors Market by Component
    • Asia-Pacific IoT Sensors Market by End-User
    • China IoT Sensors Market All-Up
    • India IoT Sensors Market All-Up
    • Japan IoT Sensors Market All-Up
    • Rest of APAC IoT Sensors Market All-Up
  • RoW IoT Sensors Market (Option 4: As a part of the free 25% customization)
    • RoW IoT Sensors Market by Type
    • RoW IoT Sensors Market by Component
    • RoW IoT Sensors Market by End-User
    • Brazil IoT Sensors Market All-Up
    • South Africa IoT Sensors Market All-Up
    • Saudi Arabia IoT Sensors Market All-Up
    • UAE IoT Sensors Market All-Up
    • Rest of world (remaining countries of the LAMEA region) IoT Sensors Market All-Up

Major Players Operating in the IoT Sensors (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • ABB Ltd
  • Schneider Electric SE
  • Robert Bosch GmbH
  • Texas Instruments Incorporated
  • Infineon Technologies Ag
  • Analog Devices, Inc.
  • Johnson Controls International Plc.
  • Sony Corporation
  • Broadcom Limited
  • Honeywell International, Inc.
  • TE Connectivity