IoT Sensors Market Worth USD 38.41 Billion by 2022 - Driven by Supportive Government Initiatives - Research and Markets
DUBLIN, August 25, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "IoT Sensors Market - Global Forecast to 2022" report to their offering.
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.
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.
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.
Companies Mentioned:
- Analog Devices, Inc.
- Arm Holdings PLC.
- Broadcom Limited (Avago)
- Infineon Technologies AG
- Invensense, Inc.
- Konux Inc.
- NXP Semiconductors N.V.
- Omron Corporation
- Robert Bosch GmbH
- Sensirion AG
- Smartthings, Inc.
- Stmicroelectronics N.V.
- Te Connectivity Ltd.
- Texas Instruments Incorporated
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Market, By Type
8 Hardware and Software Platforms Used in IoT Sensors
9 Market, By Network Technology
10 Market, By Vertical
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
14 Appendix
For more information about this report visit http://www.researchandmarkets.com/research/857v9b/iot_sensors
Related Topics: Internet of Things and M2M, Sensors
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