The global IoT sensors market is estimated to grow at a CAGR of more than 25.0% during the forecast period. The major factors contributing to the growth of the market include rising industrialization across the globe, increasing demand for smart sensors in several industries, and the advent of smart homes and connected cars. Rapid industrialization has witnessed in the emerging countries owing to the growing presence of multinationals and the rising government initiatives to encourage industrialization in the country. For instance, in May 2015, the Chinese government introduced Made in China (MIC) 2025 initiative which comprises a range of state-backed programs that aims to accelerate productivity, modernize the Chinese economy, and make innovations in industrial processes.
A full report description of Global IoT Sensors Market at https://www.omrglobal.com/industry-reports/iot-sensor-market-size
The MIC 2025 plan signifies that the country’s manufacturing sector is large, however, it lacks in quality of industrial infrastructure, innovation capacity, degree of digitalization, and the effectiveness of resource utilization. Under the plan, the Chinese government seeks to carry out the task of upgrade infrastructure and leverage technological developments. MIC 2025 aims to move China in the manufacturing value chain through smart manufacturing and advanced manufacturing technologies. The first step of MIC 2025 is to accelerate the total quality of manufacturing, labor productivity, and stimulate innovation. In addition, the plan enables the integration of advanced level of information technology solutions, decrease material and energy consumption, and develop industrial clusters and multinational enterprises. This contributes to the demand for IoT sensors in industrial processes to increase safety and facilitate industrial processes.
Request a Free Report on Sample of Global IoT Sensors Market at @ https://www.omrglobal.com/request-sample/iot-sensor-market-size
In industrial facilities, sensors are used to measure process variables, including pressure, temperature, flow, and pH, as well as electrical variables such as frequency, voltage, and current; and mechanical variables, including the number of cycles, travel direction, rotation, static, proximity, position, and dynamic pressures. The energy, chemical, and oil and gas industries require sensors for the management of critical processes. The energy industry also requires sensors for the management of geographically large power transmission and distribution systems. For such kinds of critical infrastructure, standards have been developed to address security, interoperability, communication, calibration, and reliability, and accuracy for smart sensors. Apart from these, IoT sensors can be used in a range of applications such as smart waste management, fire hydrant control, real-time water-level updates, streetlight control, and air-quality monitoring.
Global IoT Sensors Market Segmentation
By Type
• Pressure Sensor
• Temperature Sensor
• Optical Sensors
• Chemical Sensor
• Image Sensor
• Motion Sensors
• Others
By Technology
• Wired
• Wireless
• Global IoT Sensors Market by Application
• Consumer
• Commercial
• Industrial
Regional Analysis
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
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.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/iot-sensor-market-size
For More Information, Visit https://www.omrglobal.com
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. AnuragTiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 780-304-0404
About Orion Market Research
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.
This release was published on openPR.
