Latin America IOT Sensors Market - Industry Trends and Forecast to 2025

  • Semiconductors and Electronics
  • Published Report
  • Nov 2018
  • North America
  • 165 Pages
  • No of Tables: 21
  • No of Figures: 77

Latin America IOT Sensors Market, By 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 and Radar Sensors), Technology (Wired and Wireless), Vertical (Consumer, Commercial, and Industrial)–Industry Trends and Forecast to 2025

The IoT sensors are one of the most crucial and equipped with IoT cloud based applications. It is connected wirelessly to the mainframe system that is used for identification. The main purpose is to collect data and control the surrounding environments through its different sensors such as temperature sensors, humidity sensors and others. The IoT sensors offer a wide range of application in tracking, security, safety and detecting in different industries. It is used in industrial and automotive, development of smart cities, mining industry, electronics and consumables industry applications.

Latin America IoT sensors market is expected to reach a healthy CAGR of 19.1% in the forecast period of 2018 to 2025.

Segmentation: Latin America IOT Sensors Market

The Latin America IoT sensors market is segmented into three notable segments which are sensor type, technology and vertical.

  • On the basis of sensor type the market is segmented into sixteen notable segments 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, Light Sensors and RADAR Sensors. In 2017, pressure sensors segment is likely to dominate market with 11.0% shares and is estimated to reach USD 318.9 million by 2025. It is growing at a CAGR of 18.2% in the forecast period of 2018 to 2025.

    • The adoption of pressure sensors is witnessing a robust growth. Rapidly applications of pressure sensors are to measure the pressure of non-corrosive and non-flammable gases. The application of pressure sensors is to build with technology based IoT cloud formation are used for maintaining better conditions for atmospheric pressure and the gravitational force in rovers.

  • On the basis of technology the market is segmented into two notable segments Wired and Wireless. In 2017, wireless segment is likely to dominate market with 53.9% shares and is estimated to reach USD 1711.0 million by 2025 with the highest CAGR of 19.6% in the forecast period of 2018 to 2025.

    • Wireless dominated the Latin America IoT sensors market owing to increased need of storing large data on a daily basis. It is applicable in wireless is for transmitting voice, sounds and music wirelessly.

  • On the basis of vertical into three notable segments consumer, commercial and industrial. In 2017, industrial segment is likely to dominate market with 40.9% shares and is estimated to reach USD 1067.1 million by 2025 with a CAGR of 16.7% in the forecast period of 2018 to 2025.

    • The IoT sensors are rapidly adopting the utilization of sensors in different industries varied to its modern requirement in automation as compared to the manual systems. It is applicable in monitoring the pressure and also monitoring the critical equipment’s such are boilers, aerospace, water system and oil drilling systems

Competitive Analysis: Latin America IOT Sensors Market

Some of the major players operating in this market are Latin America IoT sensors market CANON MEDICAL SYSTEMS CORPORATION, NXP Semiconductors, STMicroelectronics, IBM, Sensata Technologies, Inc., Robert Bosch GmbH, TE Connectivity and Qualcomm Technologies, Inc. among others among others.

Product Launch:

Research Methodology: Latin America IOT Sensors Market

Primary Respondents: OEMs, Manufacturers, Engineers, Industrial Professionals.

Industry Participants: CEO’s, V.P.’s, Marketing/Product Managers, Market Intelligence Managers and, National Sales Managers


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