Market Overview

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


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

PR Newswire

NEW YORK, August 27, 2018 /PRNewswire/ -- Report Scope
The scope of the report includes an overview of the global market for IoT sensors as well as analyses of global market trends, with data from 2016 and 2017, the latter considered the base year, as well as estimates for 2018 to 2023, with projections of CAGR in the forecast period.

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The report includes a discussion of technological, regulatory and competitive elements as well as economic trends affecting the market. It also explains the major drivers and regional dynamics of the global IoT sensor market and current trends within the industry.

The report includes discussions of the types of IoT sensors, including pressure sensors, temperature sensors, light sensors, chemical sensors, motion sensors and others.This report also covers the following verticals: home, industrial, automotive, security and emergency, retail logistics, healthcare, agriculture, power and utilities, environment, and water and waste management.

The discussion of chemical sensors covers chemical, gas and humidity sensors.

The report concludes with detailed profiles of the major vendors in the global IoT sensor market.

Report Includes
- 41 data tables and 15 additional tables
- Country specific data and analysis for China, India, Japan, France, Germany, UK, U.S., Brazil and South Africa
- Characterization and quantification of the market potential for IoT sensors by type, end user industry, and geographical region
- Discussion of technological, regulatory and competitive elements as well as economic trends affecting the future marketplace for IoT sensors
- Assessment of major drivers, restraints, current trends and technological advancements that have a major say in the global IoT sensors market
- Insight into how new technology shaped by new requirements for IoT applications will create new product categories or bring new life through adaptations to existing products
- Company profiles of major players in the industry, including Cooper Instruments & Systems, CTS Corp., Delphi Corp., Emerson Process Management, GE Measurement & Control and Rockwell Automation

Sensors can be defined as devices that detect events or changes in the environment.They provide multiple functions including detecting the event and transmitting a signal about the event to other sensors, IT systems or network elements.

Many sensor configurations include actuators that can control or trigger an event. The data they collect can also be stored and recorded to be analyzed. sensor.

Two key characteristics that define IoT sensors are:
- The ability to connect to an ever-expanding network of computers and to aggregate the outputs of their detection data.
- The ability to simply access a sensor for data recording or event purposes from virtually anywhere.

These two characteristics are rapidly broadening the application of sensors from local and contextual applications to systems and network-wide functions.New capabilities are coming to the fore at a time when sensors already have greatly expanded their capabilities.

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

IoT sensors can take any of these applications and greatly expand their impact.For example, drivers of select Ford vehicles can obtain an inventory of the sensor outputs of all the dashboard displays at the press of a button.

Homeowners and building managers can control the lighting, heat and security parameters of their environments through a single remote dashboard aggregating the functions of multiple sensors stationed across a building and its numerous electrical and mechanical systems. Civil engineers can detect the potential faults in a bridge by aggregating the stress-detection data from thousands of accelerometers designed to aggregate the frequency and degree of vibrations on the bridge's superstructure.

Sensors can be embedded in nearly any environment, including personal devices for personal use.This report categorizes all manner of IoT sensors, whether they are in infrastructure, smart devices or technical applications.

Given these parameters, there may be as many as REDACTED sensors per person over the next 10 years—more than one trillion sensors.

The only limitation in this explosive growth, besides manufacturing capacity, is the need to support these sensors with sufficient computing power to make them IoT-capable.For example, a typical data rate of 20 petabytes generated by one million sensors operating 24 hours a day requires 50 hard disks running in parallel.

When the computing network and distributed data centers required to capture and manage that data flow are considered, the chief limitation on IoT sensors is not related to the sensors themselves but rather to how efficiently the data that they produce can be captured and utilized.

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