The “Worldwide IoT Sensor Market Opportunity, Innovation, Demand and Segmentation 2018 to 2025” report has been added to ResearchAndMarkets.com’s offering.
This research predicts that the market will grow to become a US$ 65 billion industry in 2025, growing at a CAGR of 24% during 2018-2025.
The combined growth of novel IoT products as well as innovative IoT solutions to make old products smart is likely to fuel the demand of IoT sensors. However, universal IoT wouldn’t be possible without smart’ and capable sensors. Intelligence is a challenge for IoT and our research shows that a lot of advantages can be achieved on hardware level and sensors are definitely one of those components.
However, there remain challenges for IoT sensors being used in IoT devices. High accuracy, low cost and size, and low power consumptions are highly desired characteristics for IoT sensors by project managers.
Features of sensors also need to be customised as per the use case vertical. Good news is that researchers and companies are working in that direction. Researchers at University of California at San Diego are working on bio-sensors.
In particular, three key use cases that researchers are pursuing: small, long-lasting combination sensors for premature babies, continuous bio-sensors for the aged, and sensors that pharmaceuticals companies would place on people in their clinical trials. This has opened the door to innovation and added a new dimension to the global competition among sensor manufacturers.
The strong market potential has forced companies like ADI, Rohm, and TDK to quickly fill out their product portfolios by acquiring smaller sensor vendors.
Key Topics Covered
2 Executive Summary
3 IoT Sensor Market Structure, Ecosystem, and Value Chain Analysis
4 IoT Sensor Manufacturing: Key Requirements and Cost Analysis
5 IoT Sensor Vendor Profiles
6 IoT Sensor Market Forecast 2018-2025
7 Conclusions, Recommendations, and Strategic Analysis
- Analog Devices
- Arm Holdings
- Broadcom Limited (Avago)
- Infineon Technologies AG
- NXP Semiconductors N.V.
- Omron Corporation
- Robert Bosch GmbH
- Sensirion AG
- Smartthings Inc.
- Stmicroelectronics N.V.
- Te Connectivity Ltd.
- Texas Instruments Incorporated
For more information about this report visit https://www.researchandmarkets.com/research/cfdvxs/worldwide_iot?w=4