IoT Sensors Market Growing at 42.08% CAGR to Hit $38.41Bn by 2022

The IoT sensors market in Asia- Pacific (APAC) is expected to grow at the highest rate during the forecast period of 2016-2022 while Gyroscope is expected to grow at the highest rate during the forecast period driven by growing market for smart devices and wearables.

Pune, India – August 18, 2016 /MarketersMedia/ —

The IoT sensors market is expected to grow from USD 3.34 billion in 2015 to USD 38.41 billion by 2022, at a CAGR of 42.08% between 2016 and 2022. The growth of this market is propelled by the development of cheaper, smarter, and smaller sensors, growing market for smart devices and wearables, need for real-time computing of applications, and increase in demand for IoT sensors in various applications. The market is further driven by the supportive government initiatives, deployment of IPv6, and role of sensor fusion concept in IoT sensors market.

Complete report on IoT Sensors market spread across 247 pages, profiling 10 companies and supported with 124 tables and 37 figures is now available at http://www.rnrmarketresearch.com/iot-sensors-market-by-type-pressure-temperature-humidity-magnetometer-accelerometer-gyroscope-inertial-image-network-technology-wired-wireless-vertical-consumer-iot-commercial-iot-industrial-iot-st-to-2022-market-report.html .

Gyroscopes are increasingly being used in various industries such as automotive, industrial sector, healthcare, and consumer electronics sectors. The gyroscopes are very reliable sensors and provide accurate information about the product. This sensor is an important tool in portable instruments as it allows a device’s motion to be tracked independently of GPS or other external location measurements. Moreover, in the current market scenario, MEMS-based sensors such as accelerometers, magnetometers, gyroscopes, and inertial sensors are witnessing increasing demand for smart applications such as smart city, automotive, and healthcare among others.

Asia-Pacific is expected to be the fastest-growing market for IoT sensors. The APAC market is divided into India, China, Japan, South Korea, Australia, and Rest of APAC. Asia-Pacific is a major market for various sectors such as consumer electronics devices & appliances, automobiles, and healthcare among others. This region has become a global focal point for large investments and business expansion opportunities. The APAC market shows significant growth in all sectors. It has influenced the market for sensors used in consumer electronics. In the automobile sector, this region accounted for a share of more than 50% of the world‘s passenger car production (2015). Currently, China has been considered to be the major market for IoT sensors. Industries such as consumer electronics, automotive, and healthcare are the major industries contributing towards the growth of the Chinese market. Thus, the market for IoT sensor is expected to hold major share in China.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews have been conducted with key industry people. Breakup of profile of primary participants has been given below:

By Company Type: Tier 1 – 43%, Tier 2 – 31%, and Tier 3 – 26%

By Designation: C-Level Executives – 38%, Directors – 34%, and Others – 28%

By Region: North Americas – 37%, Europe – 28%, APAC – 23%, and RoW – 12%

The key market players profiled in this report such as Texas Instruments Incorporated (U.S.), STMicro electronics N.V. (Switzerland), TE Connectivity, Inc. (Switzerland), NXP Semiconductors N.V. (The Netherlands), Broadcom Limited (U.S.), Robert Bosch GmbH (Germany), InvenSense, Inc. (U.S.), Infineon Technologies (Germany), ARM Holdings Plc. (U.K.), Omron Corporation (Japan), Sensirion AG (Switzerland), Analog Devices, Inc. (U.S.), Smart Things, Inc. (U.S.) and KONUX Inc. (Germany). Request a discount on 3D Sensors Market by Type (Image, Position, Accelerometer and Acoustic), Technology (Stereo Vision, Structured Light, Time-of-Flight, Ultrasound), Application, and Geography – Global Trend & Forecast to 2022 research report at http://www.rnrmarketresearch.com/contacts/discount?rname=665021 .

From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends); market ranking analysis of top players; value chain analysis, and company profiles which comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the IoT sensors market; high-growth regions; and market drivers, restraints, challenges, and opportunities.

On a related note, another research on 3D Sensors Market Global Trend & Forecast to 2022 says, the market is expected to reach USD 5.46 billion by 2022, at a CAGR of 26.5% between 2016 and 2022. 3D image sensors to hold a large share of the 3D sensors market during the forecast period. APAC is to grow at the highest rate during the forecast period. Companies like ASUSTeK Computer Inc., Cognex Corporation, Infineon Technologies AG, Intel Corporation, IFM Electronic GmbH, LMI Technologies, Inc., Microchip Technology Inc., Microsoft Corporation, Occipital, Inc., Omni Vision Technologies, Inc., PMD Technologies AG, Qualcomm Technologies, Inc. and Soft Kinetic have been profiled in this 219 pages research report available at http://www.rnrmarketresearch.com/3d-sensor-market-by-technology-leap-ultrasound-stereo-camera-structured-light-and-tof-products-types-image-position-temperature-accelerometer-others-applications-geography-g-market-report.html .

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