Sensors in Internet of Things (IoT) Devices Market Study Report Based on Size, Industry Trends and Forecast to 2028

Increasing adoption of sensor-based IoT-enabled solutions in the healthcare sector, coupled with growing automation trend in various industries is driving market growth.

 

The global sensors in Internet of Things (IoT) devices market is expected to reach a market size of USD 204.74 Billion at a steady CAGR of 30.8% in 2028, according to latest analysis by Emergen Research. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Sensors in Internet of Things (IoT) Devices market. This steady revenue growth of the market can be attributed to increasing Internet and wearable medical device penetration and growing trend of smart factories and automation of various manufacturing processes. Adoption of IoT-enabled sensors and devices to enable more flexible manufacturing processes and to improve productivity has been increasing.

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The Sensors in Internet of Things (IoT) Devices Market research report is a comprehensive and vital document encompassing business strategies, qualitative and quantitative analysis, and emerging trends of the global Sensors in Internet of Things (IoT) Devices market. The current COVID-19 pandemic is expected to have an effect on the growth of the Sensors in Internet of Things (IoT) Devices industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns. The report provides a thorough estimation of the overall impact of the pandemic on the Sensors in Internet of Things (IoT) Devices market and its vital segments.

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Radical Highlights of the Sensors in Internet of Things (IoT) Devices Market Report:

  • Comprehensive overview of the Sensors in Internet of Things (IoT) Devices market along with analysis of the changing dynamics of the market
  • Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
  • Growth Assessment of various market segments throughout the forecast period

Emergen Research has segmented the global sensors in Internet of Things (IoT) devices market on the basis of application, sensor type, network technology :

  • Application Outlook (Revenue, USD Billion; 2021–2028)
    • Retail
    • Manufacturing
  • Sensor Type Outlook (Revenue, USD Billion; 2021–2028)
    • Motion sensors
    • Chemical sensors
  • Network Technology Outlook (Revenue, USD Billion; 2021–2028)
    • Wireless
    • Wired

Competitive Landscape:

Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals. 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.

Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.

 

About Us:

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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