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IoT Sensors Market to Garner $141.80 Billion, Globally, By 2030 at 28.1% CAGR: Allied Market ResearchPORTLAND, Ore., Sept. 8, 2021 /PRNewswire/ -- Allied Market Research recently published a report, titled, "IoT Sensors Market By Type (Temperature Sensor, Proximity Sensor, Pressure Sensor, Level Sensor, Gas Sensor, Image Sensor, Optical Sensor, Gyroscope Sensor, Humidity Sensor, Accelerometer Sensor, and Others), Network Technology (Wired and Wireless) and End Use (Consumer Electronics, Automotive, Industrial Healthcare, Food & Beverages, Aerospace & Defense, Transportation, Agriculture, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030". As per the report, the global IoT sensor industry was pegged at $12.37 billion in 2020, and is expected to reach $141.80 billion by 2030, growing at a CAGR of 28.1% from 2021 to 2030.  Major Determinants of the Market Growth Rise in use of sensors in IoT applications, surge in use of IoT sensors in automotive and industrial sectors, and high demand for connected and wearable devices have boosted the growth of the global IoT sensors market. However, data privacy and security related concerns hinder the market growth. On the contrary, increase in demand for IoT sensors in development of smart cities is expected to open new opportunities for the market players in the future. Download Sample Report (Get Full Insights in PDF - 380 Pages) @ https://www.alliedmarketresearch.com/request-sample/13460 COVID-19 Scenario:
The Gas Sensor to Manifest the Highest CAGR through 2030 By type, the gas sensor segment is expected to register the highest CAGR of 36.4% during the forecast period, as smart sensors can automatically act to avoid damages from leakages. However, the pressure sensor segment held the lion's share in 2020, accounting for nearly one-fifth of the IoT sensors market, due to government regulations mandating use of pressure sensors in several IoT industrial applications. The Wired Segment Held the Lion's Share By network technology, the wired segment dominated the market in 2020, contributing to more than half of the IoT sensors market, due to their reliability and less possibility of dropped connections. However, the wireless segment is expected to register the highest CAGR of 29.2% during the forecast period, owing to rise in launch of wireless IoT sensors and their scalability. Asia-Pacific, Followed By North America, to Contribute the Highest Revenue By 2030 By region, the IoT sensors market across Asia-Pacific held the largest share in 2020, accounting for nearly half of the market. Moreover, the region is projected to portray the highest CAGR of 29.1% during the forecast period, due to rapid industrialization and rise in population across the region. On the other hand, North America held the second-largest share in 2020, contributing to more than one-fourth of the market. Interested to Procure the Data? Inquire Here @ https://www.alliedmarketresearch.com/purchase-enquiry/13460 Major Market Players
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Pre-Book Now with 10% Discount: mmWave Sensor Market: Global Opportunity Analysis and Industry Forecast 2021-2028 Image Sensor Market: Global Opportunity Analysis and Industry Forecast 2021-2028 About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact Us:
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