Sensors for the Internet of Things (IOT): Global Markets

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Report Scope: This report provides an overview of the global IoT sensors market and analyzes market trends. Using 2020 as the base year, the report provides estimated market data for the forecast period 2021-2026.

New York, May 9, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Sensors for the Internet of Things (IOT): Global Markets” – https://www.reportlinker.com/p04806921/?utm_source=GNW

Revenue forecasts for this period are segmented by type, end user and region. The report also focuses on the major driving trends and challenges impacting the market.

The report explains the current trends in the IoT sensor market. The report concludes with detailed profiles of the key players in the global IoT sensor market.

Report contains:
– 54 data tables and 31 additional tables
– An up-to-date overview and analysis of the global Internet of Things (IoT) sensor markets
– Analyzes of the global market trends, with data from 2020 and 2021, estimates for 2022 and 2024 and projections of compound annual growth rates (CAGRs) to 2026
– Assessing and forecasting the global IoT Sensors market size and associated market share analysis by sensor type, component, application, end-user industry, and geographic region
– Highlights of the market potential for IoT sensor technologies, emerging applications, technological advancements and strategic innovations within the industry
– Assessment of viable technology drivers through a holistic assessment of various IoT-specific applications for new and existing sensors, and COVID-19 implications for the advancement of this market
– Understanding recent industry structure, current competitive scenario, R&D activities, key growth strategies and analysis of enterprise value stocks based on their segmented earnings
– Assessment of patents granted for sensors based on the ecosystem of IoT applications and assessment of new developments within the industry
– Descriptive company profiles of the leading global players, including Analog Devices Inc., Emerson Electric Co., Honeywell International Inc., Murata Manufacturing Co. Ltd., Robert Bosch GmbH and Texas Instruments

Summary:
Sensors detect events or changes in the environment and provide multiple functions: detecting events and sending signals about the event to other sensors, IT systems or network elements. Many sensor configurations contain actuators that can control or trigger an event.

The collected data may also be stored and recorded.

Two key features that define IoT sensors –
– The ability to connect to an ever-growing network of computers and aggregate the output of the detection data.
– The ability to easily access a sensor for data logging or events from virtually anywhere.

Due to these two characteristics, the application of sensors is rapidly broadening from local and contextual applications to systems and network-wide functions. New possibilities emerge; sensors have greatly expanded capabilities.

From traditional purposes (such as temperature, pressure or current measurement), sensors are now embedded in attitude and heading reference systems (for aircraft), potential voltage measurement or force sensitive resistors and many other technical and everyday applications in almost every industry.

IoT sensors can handle any of these applications and greatly amplify the impact. For example, drivers of select Ford vehicles can create an inventory of the sensor outputs of all dashboard displays at the touch of a button.

Homeowners and building managers can control the lighting, heat and security parameters of the home environment through a single remote dashboard that aggregates the functions of multiple sensors stationed in a building and its numerous electrical and mechanical systems. Civil engineers can detect potential faults in a bridge by collecting stress detection data from thousands of accelerometers designed to aggregate the frequency and degree of vibration on the bridge
superstructure. Sensors can be built into almost any environment, including personal devices for personal use. This report categorizes all kinds of IoT sensors: in infrastructure, smart devices or technical applications.

COVID-19 has impacted the global IoT sensor market, particularly in the automotive and healthcare sectors. The outbreak led to significant change in consumer behavior and demand, purchasing patterns, supply chain rerouting, dynamics of current market forces and major government interventions.

As the spread of the virus gains momentum, the future behavior of any market is currently uncertain. Like any market, the pandemic impacted IoT sensors.

Poor global car production and sales led to a decline in the demand for sensors from the automotive industry. A similar trend exists in other industries: manufacturing, manufacturing and retail.
Read the full report: https://www.reportlinker.com/p04806921/?utm_source=GNW

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