Europe IoT Sensor Market, By Sensor Type (Temperature Sensors, Pressure Sensors, Humidity Sensors, Flow Sensors, Accelerometers, Magnetometers, Gyroscopes, Inertial Sensors, Image Sensors, Touch Sensors, Proximity Sensors, Acoustic Sensors, Motion Sensors, Occupancy Sensors, CO2 Sensors and Light Sensors and Radar Sensors), Vertical (Consumer, Commercial and Industrial), Technology (Wireless and Wired Technology) and Country (Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe)-Industry Trends and Forecast to 2028.
The IoT sensor market is expected to witness market growth at a rate of 30.05% in the forecast period of 2021 to 2028. Data Bridge Market Research report on IoT sensor market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the demand for connected and wearables devices is escalating the growth of IoT sensor market.
The IoT sensors are considered to be one of the most vital and prepared with IoT cloud based applications. It is connected wirelessly to the mainframe system that is utilized for identification. The key purpose is to collect data and control the immediate environments through its several sensors including humidity sensors, temperature sensors and others.
Major factors that are expected to boost the growth of the IoT sensor market in the forecast period are the growing usage of sensors in IoT applications because of the cost and size reduction, and technological developments. Furthermore, the arrival of IPv6 creating large address space is further anticipated to propel the growth of the IoT sensor market. Moreover, the rise in the internet penetration rate is further estimated to cushion the growth of the IoT sensor market. On the other hand, the issues regarding the data security is further projected to impede the growth of the IoT sensor market in the timeline period.
In addition, the encouraging initiatives taken by the government and funds for IoT projects will further provide potential opportunities for the growth of the IoT sensor market in the coming years. However, the dearth of common protocols and communication standards might further challenge the growth of the IoT sensor market in the near future.
This IoT sensor market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the IoT sensor market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Europe IoT Sensor Market Scope and Market Size
The IoT sensor market is segmented on the basis of sensor type, technology and vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of sensor type, the IoT sensor market has been segmented into temperature sensors, pressure sensors, humidity sensors, flow sensors, accelerometers, magnetometers, gyroscopes, inertial sensors, image sensors, touch sensors, proximity sensors, acoustic sensors, motion sensors, occupancy sensors, CO2 sensors and light sensors and radar sensors. Occupancy sensors is further sub segmented into image processing occupancy sensors, intelligent occupancy sensors.
- On the basis of vertical, the IoT sensor market has been segmented into consumer, commercial and industrial. Consumer is further sub segmented into wearable electronics, home automation and smart city. Commercial is further sub segmented into retail, aerospace and defence, logistics and supply chain, corporate offices, financial institutes and entertainment. Industrial is further sub segmented into industrial automation, healthcare, transportation, smart agriculture and energy.
- On the basis of technology, the IoT sensor market is segmented into wireless and wired technology. Wired is further sub segmented into modbus, ethernet, lonworks, KNX, digital addressable lighting interface (DALI). Wireless is sub segmented into Wi-Fi, bluetooth, RFID, ZigBee, NFC, 6lowpan, wireless-hart (Whart), Z-wave, process field bus (Profibus), Dect-Ule, thread, Enocean and others.
Europe IoT Sensor Market Country Level Analysis
The IoT sensor market is analysed, and market size, volume information is provided by country, type, and end-user vertical as referenced above.
The countries covered in the IoT sensor market report are the Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, and Rest of Europe in Europe.
Germany dominates the IoT sensor market due to the smart automotive and transport development from the manufacturing sector. Furthermore, these smart automotive vehicles are depended on the M2M communication market since IoT connectivity is essential for the vehicle navigation, running remote vehicle diagnostics and also to offer driving analytics to the drivers for a safe driving experience will further boost the growth of the IoT sensor market during the forecast period.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Europe IoT Sensor Market Share Analysis
The IoT sensor market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the IoT sensor market.
The major players covered in the IoT sensor market report are Sierra Wireless, Inc., Moxa Inc., GENERAL ELECTRIC, Skyworks Solution Inc., Infineon Technologies AG, Honeywell International Inc., Texas Instruments Incorporated, Siemens Healthcare GmbH, CANON MEDICAL SYSTEMS CORPORATION, NXP Semiconductors, STMicroelectronics, IBM, Sensata Technologies, Inc, Robert Bosch GmbH, TE Connectivity and Qualcomm Technologies, Inc. among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.