“Global Sensors in Internet of Things (IoT) Devices Market, Analysis & Forecast: 2016 to 2022; (Focus on Pressure, Temperature, Light, Chemical, & Motion Sensors and Applications in Healthcare, Manufacturing, Retail, & Transportation)”
The global sensors market in Internet of Things (IoT) devices was estimated at $10,596.39 million in 2015 and is expected to reach at a significant level by 2022 registering a CAGR of 26.91% from 2015 to 2022. The factors driving the growth of the Internet of Things (IoT) sensors market include: widespread internet connectivity, rapid adoption of mobile technology and constantly falling average selling price (ASP) of sensors in Internet of Things (IoT) devices.
Additionally, increasing support of government for the adoption of sensors in Internet of Things (IoT) devices is also aiding the growth of the global Internet of Things (IoT) sensors market.
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The report on the global Sensors in Internet of Things (IoT) market is a comprehensive overview of the market, covering various aspects such as product definition, segmentation based on various parameters, distribution channel, supply chain analysis, and the prevailing vendor landscape. It compiles exhaustive information sourced via proven research methodologies.
The information of the market is accessible in a logical chapter-wise format. It is also interspersed with relevant graphs and tables to enable readers to get a better perspective of the global Sensors in Internet of Things (IoT) market.
Global Sensors in Internet of Things (IoT) Market Report 2016-2022
The report answers the following questions about the global IoT sensors market:
• What are the different factors driving the global sensors in Internet of Things (IoT) devices market forward in the forecast period?
• What are the factors challenging the growth of global sensors in Internet of Things (IoT) devices market?
• What kind of new strategies are being adopted by the existing market players to make a stronger mark in the industry?
• What are different types of sensors in Internet of Things (IoT) devices?
• What are the different application areas of global sensors in Internet of Things (IoT) devices market?
• Who are the leading players in the global sensors in Internet of Things (IoT) devices market?
• Which region will be the leader in global sensors in Internet of Things (IoT) devices market by the end of forecast period?
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Global sensors market in Internet of Things (IoT) devices has shown a dynamic growth rate in the forecast period. Over the years many major market players have contributed a great deal in terms of partnerships, collaborations, mergers & acquisitions.
CISCO Systems is first in ranking in terms of maximum number of partnerships, collaborations, mergers & acquisitions being made by it in 2014 & 2015. A similar trend was being followed by STMicroelectronics, Intel Corporation, ARM Holdings and Invensense among others.
CISCO Systems manages to be at the top of the market because of its diversification of products, highest revenue generation, and widespread geographical presence across the globe among others.
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The market is dominated by North America and the APAC which are expected to grow at the highest rate in the forecast period. The dominance of North America in the Internet of Things (IoT) sensors market over other regions is due to heavy demand for new infrastructure, strong economic growth driven mainly by China, and increasing affordability of Internet of Things (IoT) sensors in the region.
The US is the leader of the North American Internet of Things (IoT) sensors market, and accounted for a market share of around 68.59% in 2015.
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