Sensors in Internet of Things (IoT) Devices Market Size, Growth, Analysis, Trends and Forecast by 2021-2028

Manufacturing industries are increasingly adopting sensors in IoT devices for employee safety and well-being, profitable process workflows, and improved space utilization.

According to Emergen Research, Global Sensors in Internet of Things (IoT) Devices market size is expected to reach USD 204.74 Billion at a steady CAGR of 30.8% in 2028.

Smart city initiatives in developing countries are also contributing to growing demand for sensors in Internet of Things devices, and the trend is expected to continue during the forecast period. Manufacturing industries are increasingly adopting sensors in IoT devices for employee safety and well-being, profitable process workflows, and improved space utilization.

The report covers the rapidly changing market scenario and offers an initial and future assessment of the impact of the Sensors in Internet of Things (IoT) Devices market. The research report is furnished with data validated from the experts, along with an analysis of the historical data.

It also discusses growth prospects, industry facts, sales figures, distribution channels, competitive landscape analysis, market shares, gross margin, key regions, demand trends, and developments, among others.

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Some Key Highlights From the Report

  • In October 2020, Cisco Systems announced the launch of two new cloud-managed IoT sensor solutions, namely Meraki MT sensors and Industrial Asset Vision sensors. The IoT sensor solutions are expected to help businesses simplify facility and asset monitoring across their organizations, from outdoor Operation Technology (OT) to indoor IT closet spaces at scale.
  • The manufacturing segment accounted for largest market share in 2020. Manufacturers across various industries are adopting IoT solutions with increased focus on sensors, robotics, centralized tracking, cloud, and quality inspection in order to implement smart manufacturing, which is projected to boost demand for sensors for such solutions and applications.
  • The pressure sensors segment revenue is expected to expand at a rapid CAGR of 31.5% during the forecast period. The ability of pressure sensors to detect fluctuations or drops in pressure is driving utilization in various processes in manufacturing facilities.
  • The wireless segment accounted for a significantly high revenue share in the sensors in Internet of Things (IoT) devices market in 2020. Wireless sensor networks are effective in harsh or hostile environments, offer an easily scaled solution, and enable remote data collection and transmission, which are factors driving demand for wireless sensor networks.

Major Players Profiled in the Report:

  • Acuity Brands
  • Bosch Sensortec GmbH
  • Cisco Systems
  • Ericsson
  • Google Inc.
  • Honeywell International Inc.
  • HTC Corporation
  • IBM
  • Infineon Technologies
  • Intel Corporation.

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Global Sensors in Internet of Things (IoT) Devices Market Regional Analysis:

The report provides an extensive regional analysis of the market. The segmentation offers insights into the sales network and distribution channels, sales analysis, profit margins, volume chain analysis, and region-wise market size. The report also covers an in-depth analysis of the key geographical regions as well as their countries.

North America accounted for largest revenue share contribution to the global sensors in Internet of Things (IoT) devices market in 2020. Increasing adoption of IoT-based sensor solutions in manufacturing, automotive, transportation, and healthcare industries in countries in the region is projected to boost market growth during the forecast period.

Global Sensors in Internet of Things (IoT) Devices Market Segmentation:

  • Application Outlook (Revenue, USD Billion; 2021–2028)
    • Healthcare
    • Transport
    • Manufacturing
    • Retail
    • Others
  • Sensor Type Outlook (Revenue, USD Billion; 2021–2028)
    • Temperature sensors
    • Pressure sensors
    • Chemical sensors
    • Light sensors
    • Motion sensors
    • Other sensors
  • Network Technology Outlook (Revenue, USD Billion; 2021–2028)
    • Wired
    • Wireless

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