Emergen Research latest document, titled ‘Global Sensors In Internet Of Things Devices Market - Forecast to 2027,’ is one of the most sought-after market reports involving an in-depth analysis of the global Sensors In Internet Of Things Devices market. The report’s authors have offered necessary details on the latest Sensors In Internet Of Things Devices market trends and the crucial parameters impacting both short-term and long-term market growth. Its panoramic view of the Sensors In Internet Of Things Devices industry entails useful insights into the estimated Sensors In Internet Of Things Devices market size, revenue share, and sales distribution network such helpful market insights are bound to help readers outline this industry’s key outcomes in the near future.
Moreover, the report offers the latest coverage of the massive impact of the COVID-19 pandemic on the worldwide Sensors In Internet Of Things Devices industry. The globally-disrupting incidence has impacted nearly every aspect of this business domain. However, the latest study expounds on the present market scenario and forecasts the pandemic’s aftermath, with respect to this industry. Furthermore, the major aspects of the market have been discussed in the report, with expert opinions on the current status of the market.
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Key players in the market include Acuity Brands, Bosch Sensortec GmbH, Cisco Systems, Ericsson, Google Inc., Honeywell International Inc., HTC Corporation, IBM, Infineon Technologies, and Intel Corporation.
Growing need to monitor, control, and improve operational efficiency has also been resulting in growing adoption of sensors in IoT devices in manufacturing and automotive industries. 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.
Key Highlights of 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.
Segmental Analysis
The global Sensors In Internet Of Things Devices market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Sensors In Internet Of Things Devices sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
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Emergen Research has segmented the global sensors in Internet of Things (IoT) devices market on the basis of application, sensor type, network technology, and region:
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
Regional Analysis of the Sensors In Internet Of Things Devices Market:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Rapid Business Growth Factors
In addition, the market is growing at a fast pace and the report shows us that there are a couple of key factors behind that. The most important factor that’s helping the market grow faster than usual is the tough competition.
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Key Points of Sensors In Internet Of Things Devices Market:
Extensive coverage of the analysis of the Sensors In Internet Of Things Devices market
Key insights into the regional spread of the industry in key geographies
Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Sensors In Internet Of Things Devices market
Complete data about the key manufacturers and vendors in the Sensors In Internet Of Things Devices market
Read More: https://www.emergenresearch.com/industry-report/sensors-in-internet-of-things-devices-market
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