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IoT-enabled Sensors in India: Market, Technology and Competitive Insights, 2019-2024DUBLIN, Feb. 18, 2020 /PRNewswire/ -- The "IoT-enabled Sensors Market in India 2019" report has been added to ResearchAndMarkets.com's offering. The IoT-enabled sensors market in India is anticipated to expand at a CAGR of ~62.96% to reach a value of INR 81.07 billion by 2024, from INR 4.83 billion in 2018. With the growing penetration of IoT across various industries, dependence on IoT-enabled sensors that allow communication between devices has increased significantly. Technology Insights IoT-enabled sensors dominate the Indian market mostly because of factors like low cost, chip-level integration, low power consumption, and wireless connectivity. With cost-effective miniaturization becoming possible, several sensors are being developed based on the micro-electro-mechanical systems (MEMS) technology. These sensors include pressure sensors, vibration sensors, accelerometers, gyroscopes, and temperature sensors. Subsequently, the introduction of MEMS sensors that offer huge benefits like lesser power consumption, and reduced size and weight, has laid down new opportunities for the IoT ecosystem. Competitive Insights The IoT-enabled sensors market in India is mainly dominated by global players that operate through subsidiaries, R&D centers, and distributors in the country. Furthermore, in 2019 there were no noteworthy new entrants, and existing players struggled to compete against each other. During the forecast period the key players will continue to manufacture high volume of IoT sensors, while the overall price of these sensors is expected to fall due to increased competition. Key Topics Covered Chapter 1: Executive summary Chapter 2: Socio-economic indicators Chapter 3: Introduction
Chapter 4: Market overview
Chapter 5: Market influencers
Chapter 6: Government initiatives Chapter 7: Recent investments and funding Chapter 8: Competitive landscape
For more information about this report visit https://www.researchandmarkets.com/r/h1r4tk Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets View original content:http://www.prnewswire.com/news-releases/iot-enabled-sensors-in-india-market-technology-and-competitive-insights-2019-2024-301006743.html SOURCE Research and Markets |