Dublin, Feb. 19, 2019 (GLOBE NEWSWIRE) -- The "IoT Sensors Market by Sensor Type, Network Technology, Vertical, and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The IoT sensors market is expected to be valued at USD 5.28 by 2018 and is projected to reach USD 22.48 billion by 2023, at a CAGR of 33.60% between 2018 and 2023.

The growth of the IoT sensors market can be attributed to the increased use of sensors in IoT devices and other applications owing to their reduction in size, plummeting costs, and technological advancements; introduction of 3 GPP Release 13 and Release 14 specifications; growth in internet penetration rate; high demand for connected and wearables devices; introduction of IPv6 creating larger address space; and importance of real-time computing for IoT applications.

However, the lack of common protocols and communication standards, shortage of technical know-how to use IoT devices, high power consumption by connected devices, and high latency and limited bandwidth issues will be the challenges for the market in future. The major growth opportunities for the market are supportive government initiatives and funding for IoT projects, emerging need for cross-domain collaborations, high adoption of IoT by small and medium-sized businesses, and benefits of implementation of a predictive maintenance program for IoT applications.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in IoT Sensors Market
4.2 Market, By Sensor Type
4.3 Market, By Network Technology
4.4 Market, By Vertical
4.5 Market in North America, By Country and Sensor Type
4.6 Market, By Geography

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers Increased Use of Sensors in IoT Devices and Other Applications Owing to Their Reduction in Size, Plummeting Costs, and Technological Advancements Introduction of 3 GPP Release 13 and Release 14 Specifications Growth in Internet Penetration Rate High Demand for Connected and Wearables Devices Introduction of Ipv6 Creating Larger Address Space Importance of Real-Time Computing for IoT Applications
5.2.2 Restraints Data Security Concerns
5.2.3 Opportunities Supportive Government Initiatives and Funding for IoT Projects Benefits of Implementation of A Predictive Maintenance Program for IoT Applications Emerging Need for Cross-Domain Collaborations High Adoption of IoT By Small and Medium-Sized Businesses
5.2.4 Challenges Lack of Common Protocols and Communication Standards Shortage of Technical Know-How to Use IoT Devices High Power Consumption By Connected Devices High Latency and Limited Bandwidth Issues

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 Core Industry Segments Chip Designers Component Manufacturers Technology Providers Integrators End-Use Applications
6.3 Key Industry Trends in IoT Sensors Market
6.4 IoT Sensors Use Cases
6.4.1 Hvac Monitoring
6.4.2 Controlling Water Quality in Fish Farms
6.4.3 Monitoring Water Quality Parameters in Irrigation Dam
6.4.4 Using Human Condition Safety Sensors to Minimize Job-Site Risks
6.4.5 Cows and Herd Management

7 Market, By Sensor Type
7.1 Introduction
7.2 Temperature Sensors
7.3 Pressure Sensors
7.4 Humidity Sensors
7.5 Flow Sensors
7.6 Accelerometers
7.7 Magnetometers
7.8 Gyroscopes
7.9 Inertial Sensors
7.10 Image Sensors
7.11 Touch Sensors
7.12 Proximity Sensors
7.13 Acoustic Sensors
7.14 Motion Sensors
7.15 Occupancy Sensors
7.15.1 Image Processing Occupancy Sensors (IPOS)
7.15.2 Intelligent Occupancy Sensors (IOS)
7.16 Co2 Sensors
7.17 Others
7.17.1 Light Sensors
7.17.2 Radar Sensors

8 Market, By Network Technology
8.1 Introduction
8.2 Wired
8.2.1 KNX
8.2.2 Lonworks
8.2.3 Ethernet
8.2.4 Modbus
8.2.5 Digital Addressable Lighting Interface (DALI)
8.3 Wireless
8.3.1 Wi-Fi
8.3.2 Bluetooth Bluetooth Smart Wi-Fi/Bluetooth Smart Bluetooth Smart/Ant+ Bluetooth 5
8.3.3 Zigbee
8.3.4 Z-Wave
8.3.5 NFC
8.3.6 RFID
8.3.7 Enocean
8.3.8 Thread
8.3.9 6lowpan
8.3.10 Wireless-Hart (Whart)
8.3.11 Process Field Bus (Profibus)
8.3.12 Dect-Ule
8.3.13 Others Ant+ Isa100 GPS Sub-Gig Cellular

9 Market, By Vertical
9.1 Introduction
9.2 Consumer
9.2.1 Home Automation Consumer Devices Consumer Appliances
9.2.2 Smart City Traffic Management Water Management Waste Management Smart Parking Smart Lighting
9.2.3 Wearable Electronics
9.3 Commercial
9.3.1 Retail
9.3.2 Aerospace and Defence
9.3.3 Logistics & Supply Chain
9.3.4 Entertainment
9.3.5 Financial Institutes
9.3.6 Corporate Offices
9.4 Industrial
9.4.1 Energy
9.4.2 Industrial Automation
9.4.3 Transportation
9.4.4 Healthcare
9.4.5 Smart Agriculture

10 Geographic Analysis
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 Japan
10.4.3 South Korea
10.4.4 India
10.4.5 Australia
10.4.6 Rest of APAC
10.5 Rest of the World
10.5.1 Middle East & Africa
10.5.2 South America

11 Competitive Landscape
11.1 Overview
11.2 Market Ranking Analysis, 2017
11.3 Competitive Situations & Trends
11.3.1 Product Launches & Developments
11.3.2 Acquisitions
11.3.3 Partnerships, Collaborations, & Strategic Alliances
11.3.4 Others

12 Company Profiles
12.1 Key Players
12.1.1 Texas Instruments
12.1.2 Te Connectivity
12.1.3 Broadcom (Avago)
12.1.4 NXP Semiconductors
12.1.5 Stmicroelectronics
12.1.6 Bosch Sensortec
12.1.7 TDK (Invensense)
12.1.8 Infineon Technologies
12.1.9 Analog Devices
12.1.10 Omron
12.2 Other Key Players
12.2.1 Sensirion
12.2.2 Honeywell
12.2.3 Siemens
12.2.4 General Electric
12.2.5 Smartthings
12.2.6 Monnit
12.2.7 Murata Manufacturing
12.2.8 Sensata Technologies
12.2.9 Silicon Laboratories
12.2.10 Libelium

For more information about this report visit https://www.researchandmarkets.com/research/qp8j7n/22_48_bn_iot?w=12

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Related Topics: Networks, Internet of Things and M2M, Sensors