IoT Sensor Market Growth Potential & Forecast, 2019 – 2025

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IoT Sensor Market Size will witness a rapid
growth to 2025
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Key Insights IoT Sensor Market

• IoT sensors are integrated into wearable and
  connected devices to monitor various elements
  such as temperature, pulse, and movement. The
  major factor hindering the IoT sensor market is
  the data security concern. The devices and
  components connected in the IoT network are
  utilized to make smart decisions. Another factor
  affecting the industry growth is the regular
  calibration of components with devices and
  network. Additionally, these components tend to
  underperform in the presence of humidity, air
  pressure, and other such atmospheric changes.
• The IoT sensor market is gaining popularity due
  to its increasing adoption in small- and
  medium-sized businesses. It can be attributed to
  the features including predictive maintenance for
  IoT applications and devices. An upcoming trend
  in the industry is the introduction of IPv6,
  which is designed to provide larger address space
  during communication between devices. The
  availability of IPv6 is expected to support
  faster and efficient communication of connected
  devices.

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Continued

• In the IoT sensor market, wireless technologies
  are gaining high traction and the implementation
  of such technologies reduces the maintenance cost
  of the network. Features of these technologies
  provide ease and remote accessibility of
  connected components and devices. Additionally,
  the wireless technologies provide ease of
  relocation of connecting devices without any
  additional cost. Increasing uninterrupted
  high-speed internet connection is supporting the
  implementation of wireless technology in IoT
  components, leading to industry expansion.
• The adoption of these components in smart cities
  applications is increasing due to the rising
  investments by governments in recent years. It is
  leading to the adoption of these components in
  various systems such as smart parking, smart
  lighting, water management, and traffic
  management, further driving the industry demand.
  The rising popularity of smart lighting due to
  the increasing need for energy-efficient lighting
  solution promotes the utilization of IoT
  components.

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Market research reports Key analytical components

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Major Companies in IoT Sensor Market

• Infineon Technologies
• Robert Bosch GmbH
• Sensirion
• Honeywell
• Siemens
• General Electric
• Smartthings
• Sensata Technologies
• Libelium

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Regional Insights IoT Sensor Market

The North American region is witnessing a growth
in the IoT sensor market due to the high adoption
of smart solutions in various sectors such as
health care, automotive, and industrial. The U.S.
government has made significant investments in
smart cities development, which will lead to the
high implementation of these components, further
supporting the industry demand. The demand for
IoT consumer devices, such as security cameras
and smart home devices, is increasing in the U.S.
and Canada due to the growing concerns regarding
household safety and comfort. Additionally, the
growing number of internet users in the U.S. is
supporting the adoption of IoT technologies,
contributing to market development. Countries
including Germany and France are expected to
witness growth due to the increasing
implementation of smart homes, wearable
technology, and smart lighting business. These
devices are integrated with smart lighting
systems to control lighting conditions through
smartphones and tablets.
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