Texas Instruments Is One Of The Largest Players In The Market Name Market, According To The Business Research Company’s IoT Sensors Market Global Report 2020-30: Covid 19 Growth And Change
(Companies Covered: Texas Instruments, TE Connectivity, NXP Semiconductors, STMicroelectronics, TDK Corporation, Infineon Technologies, Omron, Honeywell , Sensata Technologies, Broadcom)
The global IoT sensors market is expected to grow from $10.08 billion in 2019 and to $10.38 billion in 2020 at a growth rate of 3.03%. The slow growth in 2020 is mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to grow and reach $19.51 billion in 2023 at CAGR of 23.39%.
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The IoT sensors market consists of sales of IoT sensors and related services that are used in healthcare, automotive, transportation, manufacturing and other industrial sectors. The internet of things, or IoT, is a collection of interconnected smart devices, mechanical and digital machines, objects, animals or people supplied with unique identifiers (UIDs) and the ability to transmit data across a network without needing human-to-human or human-to-computer interaction.
Global IoT Sensors Market Segmentation –
1)By Product Type: Temperature sensors, Pressure sensors, Humidity sensors, Flow sensors, Accelerometers, Magnetometers, Gyroscopes, Inertial sensors, Image sensors, Others.
2)By Application: Building Automation, Industrial Application, Automotive Application, Healthcare Application, Retailing & Logistics Application, Security Application, Agriculture Application, Other Applications.
3) By End-user Industry: Healthcare, Automotive and Transportation, Manufacturing / Industrial, Others.
Global IoT Sensors Market Driver –
The application of IoT in automotive and transport sectors is a key factor driving the growth of the IoT sensors market. The introduction of IoT in the automotive industry has opened up new opportunities for carmakers and consumers worldwide. Therefore, the application of IoT in automotive and transport industries is expected to drive the growth of the IoT sensors market.
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Few Points From The Global IoT Sensors Market TOC
1. Executive Summary
2. IoT Sensors Market Characteristics
3. IoT Sensors Market Size And Growth
3.1. Global IoT Sensors Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global IoT Sensors Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. IoT Sensors Market Segmentation
5. IoT Sensors Market Regional And Country Analysis
5.1. Global IoT Sensors Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global IoT Sensors Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
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