The IoT sensors market is expected to grow from USD 3.34 billion in 2015 to USD 38.41 billion by 2022, at a CAGR of 42.08% between 2016 and 2022. The growth of this market is propelled by the development of cheaper, smarter, and smaller sensors, growing market for smart devices and wearables, need for real-time computing of applications, and increase in demand for IoT sensors in various applications. The market is further driven by the supportive government initiatives, deployment of IPv6, and role of sensor fusion concept in IoT sensors market.
“Gyroscope is expected to grow at the highest rate during the forecast period”
Gyroscopes are increasingly being used in various industries such as automotive, industrial sector, healthcare, and consumer electronics sectors. The gyroscopes are very reliable sensors and provide accurate information about the product. This sensor is an important tool in portable instruments as it allows a device’s motion to be tracked independently of GPS or other external location measurements. Moreover, in the current market scenario, MEMS-based sensors such as accelerometers, magnetometers, gyroscopes, and inertial sensors are witnessing increasing demand for smart applications such as smart city, automotive, and healthcare among others.

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The IoT sensors market in Asia- Pacific (APAC) is expected to grow at the highest rate during the forecast period”
Asia-Pacific is expected to be the fastest-growing market for IoT sensors. The APAC market is divided into India, China, Japan, South Korea, Australia, and Rest of APAC. Asia-Pacific is a major market for various sectors such as consumer electronics devices & appliances, automobiles, and healthcare among others. This region has become a global focal point for large investments and business expansion opportunities. The APAC market shows significant growth in all sectors. It has influenced the market for sensors used in consumer electronics. In the automobile sector, this region accounted for a share of more than 50% of the world‘s passenger car production (2015). Currently, China has been considered to be the major market for IoT sensors. Industries such as consumer electronics, automotive, and healthcare are the major industries contributing towards the growth of the Chinese market. Thus, the market for IoT sensor is expected to hold major share in China.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry people. Breakup of profile of primary participants has been given below:

•  By Company Type: Tier 1 – 43%, Tier 2 – 31%, and Tier 3 – 26%
•  By Designation: C-Level Executives – 38%, Directors – 34%, and Others – 28%
•  By Region: North Americas – 37%, Europe – 28%, APAC – 23%, and RoW – 12%
   

The key market players profiled in the report are:

• Texas Instruments Incorporated (U.S.)
• STMicroelectronics N.V. (Switzerland)
• TE Connectivity, Inc. (Switzerland)
• NXP Semiconductors N.V. (The Netherlands)
• Broadcom Limited (U.S.)
• Robert Bosch GmbH (Germany)
• nvenSense, Inc. (U.S.)
•  Infineon Technologies (Germany)
•  ARM Holdings Plc. (U.K.)
•  Omron Corporation (Japan)
•  Sensirion AG (Switzerland)
•  Analog Devices, Inc. (U.S.)
•  SmartThings, Inc. (U.S.)
•  KONUX Inc. (Germany)

Reasons to Buy This Report:

• From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends); market ranking analysis of top players; value chain analysis, and company profiles which comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the IoT sensors market; high-growth regions; and market drivers, restraints, challenges, and opportunities.
• The report provides insights on the following pointers:
•  Market penetration: Comprehensive information on IoT sensors offered by the top players in the overall IoT sensors market
• Product development/innovation: Detailed insights regarding R&D activities, emerging technologies, and new product launches in the IoT sensors market
• Market development: Comprehensive information about lucrative emerging markets—the report analyzes the markets for IoT sensors across regions
• Market diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the overall IoT sensors market
• Competitive assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the IoT sensors market

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Table of content
1 INTRODUCTION 20
1.1 OBJECTIVES OF THE STUDY 20
1.2 MARKET DEFINITION 20
1.3 STUDY SCOPE 21
1.3.1 MARKETS COVERED 21
1.3.2 GEOGRAPHIC SCOPE 22
1.3.3 YEARS CONSIDERED FOR THE STUDY 23
1.4 CURRENCY 23
1.5 PACKAGE SIZE 24
1.6 LIMITATIONS 24
1.7 STAKEHOLDERS 24
2 RESEARCH METHODOLOGY 25
2.1 RESEARCH DATA 25
2.1.1 SECONDARY DATA 26
2.1.1.1 Key data from secondary sources 26
2.1.2 PRIMARY DATA 27
2.1.2.1 Key data from primary sources 27
2.1.2.2 Key industry insights 28
2.1.2.3 Breakdown of primaries 28
2.2 MARKET SIZE ESTIMATION 29
2.2.1 BOTTOM-UP APPROACH 29
2.2.2 TOP-DOWN APPROACH 30
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 31
2.4 RESEARCH ASSUMPTIONS 32
3 EXECUTIVE SUMMARY 33
4 PREMIUM INSIGHTS 39
4.1 ATTRACTIVE OPPORTUNITIES IN THE IOT SENSORS MARKET BETWEEN 2016 AND 2022 39
4.2 IOT SENSORS MARKET, BY TYPE (2016–2022) 40
4.3 IOT SENSORS MARKET, BY APPLICATION (2016–2022) 40
4.4 IOT SENSORS MARKET, BY NETWORK TECHNOLOGY (2016–2022) 41
4.5 IOT SENSORS MARKET, BY REGION AND APPLICATION 42
4.6 IOT SENSORS MARKET, BY GEOGRAPHY (2016–2022) 43
4.7 LIFE CYCLE ANALYSIS, BY REGION 44
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5 MARKET OVERVIEW 45
5.1 INTRODUCTION 46
5.2 MARKET SEGMENTATION 46
5.2.1 IOT SENSORS MARKET, BY TYPE 46
5.2.2 IOT SENSORS MARKET, BY NETWORK TECHNOLOGY 48
5.2.3 HARDWARE AND SOFTWARE USED IN IOT SENSORS 48
5.2.4 IOT SENSORS MARKET, BY VERTICAL 48
5.2.5 IOT SENSORS MARKET, BY REGION 49
5.3 MARKET DYNAMICS 50
5.3.1 DRIVERS 51
5.3.1.1 Development of smaller, smarter, and cheape

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