Global IoT Sensor Market by Type, End-user Industry and Region - Growth, Trends and Forecast (2018-2023) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 15, 2019--The “Global IoT Sensor Market - Segmented by Type (Pressure Sensor, Temperature Sensor, Proximity Sensor), End-user Industry (Healthcare, Automotive, Consumer Electronics), and Region - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The IoT Sensor Market was valued at USD 8.01 billion in 2017, and it is expected to reach USD 27.7 billion by 2023, registering a CAGR of 23.9% during the forecast period (2018-2023). The report is segmented by Type (Pressure Sensor, Temperature Sensor, and Proximity Sensor), End-user Industry (Healthcare, Automotive, and Consumer Electronics) and Region.
The IoT sensor market is thriving as various types of sensors, connecting devices and people, are enabling a two-way communication between man and machine. A range of devices and objects can communicate with each other through embedded IoT sensors, actuators, and tags in the physical world, thus, providing an opportunity to businesses to gather insights from the integrated fabric of devices, data, people and processes.
There are many industries in which IoT sensors are deployed to facilitate data collection. The increasing usage of IoT sensors in the automotive sector is expected to drive the IoT sensor market. IoT sensors are implemented to increase the safety of vehicles and for assistance while parking vehicles. With an increase in demand for autonomous cars in the automotive sector, the prominence of these sensors is rising at a rapid rate.
IoT sensors in the manufacturing sector are enabling industries to reduce manufacturing and maintenance costs. Moreover, with government initiatives, all over the world, to support the establishment of smart cities, there is a massive potential for growth of the IoT sensor market.
2. Research Methodology
4. IoT Sensor Market Insights
5. IoT Sensor Market Dynamics
6. Global IoT Sensor Market - Segmentation
7. Competitive Intelligence - Company Profiles
8. Investment Analysis
9. Future of the Global IoT Sensor Market
For more information about this report visit https://www.researchandmarkets.com/research/zdcqqr/global_iot_sensor?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190115005540/en/
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Related Topics:Internet of Things and M2M,Sensors
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SOURCE: Research and Markets
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PUB: 01/15/2019 09:43 AM/DISC: 01/15/2019 09:43 AM