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The IoT sensors market is expected to be valued at USD 5.28 by 2018 and is projected to reach USD 22.48 billion by 2023, at a CAGR of 33.60% between 2018 and 2023LONDON, August 13, 2018 /PRNewswire/ -- IoT sensors market to grow at 33.60% CAGR during forecast period Further, the factors such as the need to implement predictive maintenance techniques in industrial equipment to monitor their working and to avoid unscheduled downtimes in the production cycle are fueling the growth of the IoT sensors market for the industrial sector. IoT sensors market in APAC to grow at highest CAGR during forecast period The IoT sensors market is segmented on the basis of region into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).North America is expected to hold the largest share of the IoT sensors market by 2018. The increasing use of internet technologically advancing economies as well as the growing adoption of wireless sensors and networks across major applications—such as industrial, automotive and transportation, healthcare, oil & gas, and consumer electronics—contribute to the growth of the IoT sensors market in this region. The market in APAC is expected to grow at the highest CAGR from 2018 to 2023 owing to the growing penetration of the internet across commercial as well as residential spaces, wide consumer base, increasing disposable income, and improving IT infrastructure. Breakdown of profiles of primary participants is as follows: • By Company Type: Tier 1 – 50%, Tier 2 – 30%, and Tier 3 – 20% • By Designation: Directors – 30%, CEO – 20%, Executives –35%, and Others – 15% • By Region: North America – 40%, APAC – 30%, Europe – 20%, and RoW – 10% The companies profiled in this report are Texas Instruments (US), TE Connectivity (Switzerland), Broadcom (US), NXP Semiconductors (Netherlands), STMicroelectronics (Switzerland), Bosch Sensortec (Germany), TDK (Japan), Infineon Technologies (Germany), Analog Devices (US), Omron (Japan), Sensirion (Switzerland), Honeywell (US), Siemens (Germany), General Electric (US), SmartThings (US), Monnit (US), Murata Manufacturing (Japan), Sensata Technologies (US), Silicon Laboratories (US), and Libelium (Spain). Research coverage: The report describes the IoT sensors market segmented on the basis of sensor type, network technology, and vertical across different regions.It aims at estimating the market size and future growth potential of this market across different segments, such as sensor type, network technology, vertical, and geography. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies. Reasons to buy the report: • The statistics for the market based on sensor type, network technology, vertical, and geography, along with their respective revenues, has been provided in this report. • The major drivers, restraints, opportunities, and challenges for the IoT sensors market have been detailed in this report. • Illustrative segmentation, analysis, and forecast based on sensor type, network technology, vertical, and geography have been provided to give an overall view of the IoT sensors market. • A detailed competitive landscape has been provided including key players, in-depth analysis, and revenue of key players. Download the full report: https://www.reportbuyer.com/product/4082883 About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +1 (718) 213 4904 Website: www.reportbuyer.com SOURCE ReportBuyer |