Market Overview:
The global IoT devices and sensors market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for IoT devices and sensors across different applications, such as manufacturing, automotive, transportation and logistics, retail, medical care, and others. Additionally, the growing adoption of cloud-based services is also contributing significantly to the growth of this market. On the basis of type, the global IoT devices and sensors market can be segmented into software and hardware. The hardware segment dominated this market in 2017 owing to its wide applicability across different industries.
Product Definition:
IoT devices are physical objects that are connected to the internet and can interact with other devices, systems, and people. Sensors are physical objects that measure something in the real world and send that information to an IoT device or system.
The important thing about IoT devices and sensors is that they provide a way to collect data about the world around us. This data can be used for all sorts of purposes, from figuring out how we can make our cities more efficient to understanding how climate change is affecting our planet.
Software:
Software is the part of technology that controls and monitors devices connected to the internet. Software also enables these devices to collect and transfer data over a network. The software used in IoT devices helps them communicate with other technologies such as cloud, mobile applications, social media platforms etc., thereby enabling users to access data from remote locations.
Hardware:
Hardware is the tangible, physical component in IoT devices and sensors. It can be categorized into two types: fixed and mobile hardware. The mobile hardware includes smartphones, tablets, wearable devices etc., whereas the fixed hardware includes routers/gateways, end-points (routers/gateway), storage devices etc.
Application Insights:
The manufacture application segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. The increasing use of IoT devices and sensors in manufacturing processes such as inventory, production, quality control, and asset tracking & monitoring is expected to drive growth. Furthermore, the growing adoption of these technologies in automobile manufacturing for driver assistance systems (DAS), autonomous vehicles (AVs), smart parking systems, etc. will fuel demand over the coming years.
The medical care segment accounted for a significant revenue share owing to an increase in demand from home healthcare monitoring applications along with rising investments by governments across various countries toward developing advanced healthcare infrastructure using IoT-based solutions.
Regional Analysis:
The market in Asia Pacific is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing adoption of IoT devices and sensors in various sectors such as manufacturing, healthcare, retail, and others. Increasing penetration of smart connected devices with features like remote management, data capture & processing in residential applications are driving the regional demand for IoT-enabled devices and sensors. Moreover rising disposable income coupled with growing consumer awareness regarding their health & safety is anticipated to further fuel the regional demand for intelligent IoT device solutions over the next eight years.
The European region accounted for more than 20% share of global revenue owing to high investments by governments towards developing smart cities initiatives across countries such as U.K.
Growth Factors:
- Increasing demand for data-driven decision making across industries
- Proliferation of low-cost sensors and microcontrollers
- Advances in artificial intelligence and machine learning algorithms
- Emergence of blockchain technology and the internet of value 5. Growing popularity of edge computing
Scope Of The Report
Report Attributes
Report Details
Report Title
IoT Devices and Sensors Market Research Report
By Type
Software, Hardware
By Application
Manufacture, Automobile, Transportation And Logistics, Retail, Medical Care
By Companies
Tulip Corporation, Omron, Advantech Co Ltd, Mixlinker, GE Digital, Emerson Electric, Siemens, Bosch, Honeywell, ABB, Schneider Electric, Huawei, Qualcomm, Google, Cisco
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global IoT Devices and Sensors Market Report Segments:
The global IoT Devices and Sensors market is segmented on the basis of:
Types
Software, Hardware
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Manufacture, Automobile, Transportation And Logistics, Retail, Medical Care
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Tulip Corporation
- Omron
- Advantech Co Ltd
- Mixlinker
- GE Digital
- Emerson Electric
- Siemens
- Bosch
- Honeywell
- ABB
- Schneider Electric
- Huawei
- Qualcomm
- Google
- Cisco
Highlights of The IoT Devices and Sensors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Software
- Hardware
- By Application:
- Manufacture
- Automobile
- Transportation And Logistics
- Retail
- Medical Care
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the IoT Devices and Sensors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
IoT devices and sensors are connected devices that collect data from the physical world. This data can be used to monitor or control things in the real world.
Some of the major players in the iot devices and sensors market are Tulip Corporation, Omron, Advantech Co Ltd, Mixlinker, GE Digital, Emerson Electric, Siemens, Bosch, Honeywell, ABB, Schneider Electric, Huawei, Qualcomm, Google, Cisco.
The iot devices and sensors market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 IoT Devices and Sensors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 IoT Devices and Sensors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 IoT Devices and Sensors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the IoT Devices and Sensors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global IoT Devices and Sensors Market Size & Forecast, 2018-2028
4.5.1 IoT Devices and Sensors Market Size and Y-o-Y Growth
4.5.2 IoT Devices and Sensors Market Absolute $ Opportunity
Chapter 5 Global IoT Devices and Sensors Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 IoT Devices and Sensors Market Size Forecast by Type
5.2.1 Software
5.2.2 Hardware
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global IoT Devices and Sensors Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 IoT Devices and Sensors Market Size Forecast by Applications
6.2.1 Manufacture
6.2.2 Automobile
6.2.3 Transportation And Logistics
6.2.4 Retail
6.2.5 Medical Care
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global IoT Devices and Sensors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 IoT Devices and Sensors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America IoT Devices and Sensors Analysis and Forecast
9.1 Introduction
9.2 North America IoT Devices and Sensors Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America IoT Devices and Sensors Market Size Forecast by Type
9.6.1 Software
9.6.2 Hardware
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America IoT Devices and Sensors Market Size Forecast by Applications
9.10.1 Manufacture
9.10.2 Automobile
9.10.3 Transportation And Logistics
9.10.4 Retail
9.10.5 Medical Care
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe IoT Devices and Sensors Analysis and Forecast
10.1 Introduction
10.2 Europe IoT Devices and Sensors Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe IoT Devices and Sensors Market Size Forecast by Type
10.6.1 Software
10.6.2 Hardware
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe IoT Devices and Sensors Market Size Forecast by Applications
10.10.1 Manufacture
10.10.2 Automobile
10.10.3 Transportation And Logistics
10.10.4 Retail
10.10.5 Medical Care
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific IoT Devices and Sensors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific IoT Devices and Sensors Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific IoT Devices and Sensors Market Size Forecast by Type
11.6.1 Software
11.6.2 Hardware
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific IoT Devices and Sensors Market Size Forecast by Applications
11.10.1 Manufacture
11.10.2 Automobile
11.10.3 Transportation And Logistics
11.10.4 Retail
11.10.5 Medical Care
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America IoT Devices and Sensors Analysis and Forecast
12.1 Introduction
12.2 Latin America IoT Devices and Sensors Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America IoT Devices and Sensors Market Size Forecast by Type
12.6.1 Software
12.6.2 Hardware
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America IoT Devices and Sensors Market Size Forecast by Applications
12.10.1 Manufacture
12.10.2 Automobile
12.10.3 Transportation And Logistics
12.10.4 Retail
12.10.5 Medical Care
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) IoT Devices and Sensors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) IoT Devices and Sensors Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) IoT Devices and Sensors Market Size Forecast by Type
13.6.1 Software
13.6.2 Hardware
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) IoT Devices and Sensors Market Size Forecast by Applications
13.10.1 Manufacture
13.10.2 Automobile
13.10.3 Transportation And Logistics
13.10.4 Retail
13.10.5 Medical Care
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 IoT Devices and Sensors Market: Competitive Dashboard
14.2 Global IoT Devices and Sensors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tulip Corporation
14.3.2 Omron
14.3.3 Advantech Co Ltd
14.3.4 Mixlinker
14.3.5 GE Digital
14.3.6 Emerson Electric
14.3.7 Siemens
14.3.8 Bosch
14.3.9 Honeywell
14.3.10 ABB
14.3.11 Schneider Electric
14.3.12 Huawei
14.3.13 Qualcomm
14.3.14 Google
14.3.15 Cisco
