Global IoT Sensors Market (2020 to 2026) - by Sensor Type, Network Type, Application, Company and Region
DUBLIN, Feb. 18, 2021 /PRNewswire/ -- The "Global IoT Sensors Market By Sensor Type (Temperature sensors, Pressure sensors, Humidity sensors, Flow sensors, Accelerometers, Magnetometers, Gyroscopes, Inertial sensors, Others), By Network Type, By Application, By Company, By Region, Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.
The Global IoT Sensors Market is expected to grow at an impressive rate during the forecast period. The Global IoT Sensors Market is driven by the growing applications of IoT across the various end-user industries especially the healthcare industry. Additionally, the growing demand for wearable devices is further expected to foster the market growth. Besides, benefits such as compact size, affordable prices, ease of use, among others associated with the IoT sensors is expected to drastically increase their demand over the next few years. However, data privacy and security concerns can slow down the market growth during the forecast period.
The major players operating in the Global IoT Sensors Market are Texas Instruments, TE Connectivity, STMicroelectronics, Broadcom, NXP Semiconductors, Invensense, Inc, Analog Devices, Inc., Omron Corporation, Siemens AG, Murata Manufacturing and others. Major companies are developing advanced technologies and launching new services in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Objective of the Study:
The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of service providers across the globe. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the service providers which could not be identified due to the limitations of secondary research. The publisher analyzed the service providers, distribution channels and presence of all major players across the globe.
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SOURCE Research and Markets