Global IoT Sensors Market Size, Competitive Analysis, Share, Forecast- 2019-2025

The global IoT (Internet of Things) sensors market is estimated to grow at a CAGR of more than 25.0% during the forecast period. Rising smart city projects are offering an opportunity for the growth of the market. A significant number of smart city projects reported in the US, China, and Germany. According to the German Asia-Pacific Business Association, the Chinese government is focusing on the development of smart cities and nearly 500 pilot projects have already been running in the country. The smart city ambitions of China have been primarily led by giant private-sector players that are contributing to making smart cities across the country; these companies also provide technologically advance and innovative capabilities to bolster the infrastructural improvement in the country.

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Huawei Technologies Co., Ltd., Alibaba Group Holding Ltd., and Tencent Holdings, Inc. has been leading in the smart city projects across the country. With smart city projects, the Chinese cities are paving the way for cashless payments, AI-directed traffic, and smart parking. In July 2017, City Brain project was started using by Hangzhou. The project is developed by Alibaba, which involves the use of sensors and camera systems across the city for the collection of data on road conditions in real-time. This supports AI-directed traffic, which thereafter traffic signals at 128 intersections.

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As a result, it enables city officials to make better decisions quickly. It analyzes real-time traffic flow to regulate traffic signals at more than 100 intersections. It is primarily based on cloud computing, big data, and AI to build a smart city and handle urban governance issues. This rising number of smart city projects is attributing to the demand for IoT sensors for several applications, including environmental monitoring, motion sensing and security, and physical monitoring. Smart cities use IoT devices, including connected sensors, meters, and lights to gather and analyze data. Later, the city utilizes this data for the improvement of infrastructure, services, public utilities, and among others.

IoT sensors can be potentially used for several purposes in smart cities, which include the management of water, garbage, transport, and radiation. The government is encouraging the use of IoT sensors in smart city projects to monitor the conditions in real-time. For instance, Copenhagen (Denmark) has commenced utilizing sensors for monitoring bike traffic of the smart city in real-time. It offers important data on improving routes of bikes in the city. In addition, Copenhagen is conducting efforts to modernizing traffic signals and make the transportation system more intelligent and controlled in real-time. This aims to reduce the incidence of accidents in the city. More smart city projects are expected to be commenced in the near future, which in turn, will drive the global IoT sensors market.

Global IoT Sensor Market- Segmentation

By Type

Pressure Sensor
Temperature Sensor
Optical Sensors
Chemical Sensor
Image Sensor
Motion Sensors
Others
By Technology

Wired
Wireless
By Application

Consumer
Commercial
Industrial
Global IoT Sensor Market– Segment by Region

North America

US
Canada
Europe

Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific

China
Japan
India
Rest of Asia-Pacific
Rest of the World

Latin America
The Middle East and Africa
Company Profiles

ABB Ltd.
Analog Devices, Inc.
Arm Ltd.
Cypress Semiconductor Corp.
Digi International Inc.
Ericsson AB
Fujitsu Ltd.
Honeywell International Inc.
IBM Corp.
Infineon Technologies AG
KONUX GmbH
Libelium Comunicaciones Distribuidas S.L
NXP Semiconductors N.V.
Omron Corp.
Pepperl+Fuchs AG
Robert Bosch GmbH
Samsung Electronics Co., Ltd.
Schneider Electric SE
Sensirion AG
STMicroelectronics N.V.
TDK Corp.
TE Connectivity Ltd.
Texas Instruments Inc.
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Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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