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Global Sensors In Internet Of Things (IoT) Devices Market

Global Sensors in Internet of Things (IoT) Devices Market, Analysis & Forecast: 2016 to 2022; (Focus on Pressure, Temperature, Light, Chemical, & Motion Sensors; and Applications in Healthcare, Manufacturing, Retail, & Transportation

In terms of percentage share of different types of sensors being extensively used in Internet of Things (IoT) connected devices, pressure sensors accounted for maximum in 2015 of 31.27%.

SKU: ES010A
Published Year: 2017
 
 

Internet of Things (IoT) is an emerging technology which is on the path of rapid developmental growth. Automobiles, goods & services, sensors, consumer durables and industry & utility components among others are now aligned with the internet and data analytic capabilities which is transforming the way people work, live and think. By 2025, it is being projected that more than 100 billion of Internet of Things (IoT) connected devices will be installed which will generate a revenue of close to $10 trillion. 

Sensors market in Internet of Things (IoT) connected devices is showing a dynamic growth rate in the forecast period. The main reasons or factors that drive the magnificent growth in this market are: price, capability and size. As the price of sensors is showing a constant decline, their demand has been extensively increasing in all the major verticals including healthcare, transportation, retail and manufacturing among others. Over the years, well known market players are showing their interest in sensors market in Internet of Things (IoT) connected devices. Players like Google, IBM, Samsung, HTC, Qualcomm, and Bosch among others are investing a large extent in Internet of Things (IoT) sensors market in order to innovate their products as well as to capture the major market share. However, even with such enormous growth, Internet of Things (IoT) sensor market is facing a lot of challenges which are as follows: trust & privacy issues, resorting to lower standards due to cut throat competition and security concerns among others.

The U.S. generated the maximum amount of revenue in the year 2015 in the global IoT sensors industry as compared to other countries, whereas India is expected to have the maximum potential to grow in the forecast period. The U.S has always been on the forefront of the world map when it comes to technological advancement. While profiling major companies it has been found out that most of the renowned companies are US based, giving significant impetus to the growth of this market in the US as well as the whole of North America. 

The report is a compilation of different segments of global IoT sensors market including a market breakdown by types, application and different geographical locations. The revenue generated from IoT sensors in the market has been tracked to calculate the market size. Under this component, its application areas contributing in shaping the overall market have also been explained. The report also discusses in detail about the key participants involved in the industry.

The report answers the following questions about the global IoT sensors market:

•    What are different types of sensors in Internet of Things (IoT) devices?
•    What are the different application areas of global sensors in Internet of Things (IoT) devices market?
•    What are the different factors driving the global sensors in Internet of Things (IoT) devices market forward in the forecast period?
•    What are the factors challenging the growth of global sensors in Internet of Things (IoT) devices market?
•    Who are the leading players in the global sensors in Internet of Things (IoT) devices market?
•    What kind of new strategies are being adopted by the existing market players to make a stronger mark in the industry?
•    Which region will be the leader in global sensors in Internet of Things (IoT) devices market by the end of forecast period?

TABLE OF CONTENT
Executive Summary
1 Report Scope and Methodology
1.1 Scope of the Report
1.2 Assumptions and Limitations
1.3 Global Sensors Market in Internet of Things (IoT) devices: Research Methodology
1.4 Primary Research
1.5 Secondary Research
1.6 Data Triangulation
1.6.1 Report Methodology
1.6.2 Stakeholders
1.6.3 Influencing Factors
2 Market Dynamics
2.1 Introduction
2.2 Market Drivers
2.2.1 Expanded Internet Connectivity
2.2.2 Extensive Smartphone Adoption
2.2.3 Low Cost Sensors
2.2.4 Large Internet of Things (IoT) Investments
2.3 Market Restraints
2.3.1 Security Concerns
2.3.2 Trust & Privacy
2.3.3 Complex process
2.3.4 Lowering Standards
2.4 Opportunities in the Market
2.4.1 Increasing Development of Smart Cites
2.4.2 Technological Advancement in Medical Industry
3 Competitive Insights
3.1 Key Market Developments & Strategies
3.1.1 New Product Launches, Developments
3.1.2 Partnerships, Joint Ventures, Collaborations and Contracts
3.1.3 Business Expansions and Certifications
3.1.4 Mergers & Acquisitions
3.1.5 Others
3.2 R&D Analysis of Leading Players in Sensors Market in Internet of Things (IoT) devices
3.3 Analysis of Leading Players in Sensors Market in Internet of Things (IoT) Devices
3.4 Industry Attractiveness
4 Global Sensors in Internet of Things (IoT) devices Market Size & Forecast by Sensors Type
4.1 Assumptions for Market Estimation
4.2 Introduction
4.2.1 Pressure Sensors
4.2.2 Pressure Sensors used in different Applications
4.2.3 Temperature Sensors
4.2.4 Temperature Sensors used in different Applications
4.2.5 Light Sensors
4.2.6 Light Sensors used in different Applications
4.2.7 Chemical Sensors
4.2.8 Chemical Sensors used in different Applications
4.2.9 Motion Sensors
4.2.10 Motion Sensors used in different Applications
4.2.11 Other Sensors
4.2.12 Other Sensors used in different Applications
5 Global Internet of Things (IoT) Sensors Market, By Applications
5.1 Global Sensors Market in Internet of Things (IoT) Devices, By Application
5.1.1 Introduction
5.1.2 Business/Manufacturing
5.1.3 Healthcare
5.1.4 Retail
5.1.5 Transport
5.1.6 Others
6 Global Internet of Things (IoT) Sensors Market, By Geography
6.1 Introduction
6.2 Developed Economies Internet of Things (IoT) Sensors Market
6.2.1 US
6.2.2 Germany
6.2.3 Italy
6.2.4 UK
6.2.5 Japan
6.2.6 France
6.2.7 Spain
6.2.8 Canada
6.2.9 Other developed countries
6.3 Developing Economies Internet of Things (IoT) Sensors Market
6.3.1 China
6.3.2 India
6.3.3 Middle East & Africa
6.3.4 South Korea
6.3.5 Other Developing Countries
7 Company Profile
7.1 Acuity Brands Inc
7.1.1 Company Overview
7.1.2 Financials
7.1.3 Overall Financials
7.1.4 Geographic Revenue Mix
7.1.5 Financial Summary
7.1.6 SWOT Analysis
7.2 ARM Holdings
7.2.1 Company Overview
7.2.2 Financials
7.2.3 Overall Financials
7.2.4 Geographic Revenue Mix
7.2.5 Financial Summary
7.2.6 SWOT Analysis
7.3 Bosch Sensortec
7.3.1 Company Overview
7.4 Cisco Systems
7.4.1 Company Overview
7.4.2 Financials
7.4.3 Overall Financials
7.4.4 Business Segment Revenue Mix
7.4.5 Geographic Revenue Mix
7.4.6 Financial Summary
7.4.7 SWOT Analysis
7.5 Ericsson
7.5.1 Company Overview
7.5.2 Financials
7.5.3 Overall Financials
7.5.4 Business Segment Revenue Mix
7.5.5 Geographical Revenue Mix
7.5.6 Financial Summary
7.5.7 SWOT Analysis
7.6 Google Inc.
7.6.1 Company Overview
7.6.2 Financials
7.6.3 Overall Financials
7.6.4 Geographic Revenue Mix
7.6.5 Business Segment Revenue Mix
7.6.6 Financial Summary
7.6.7 SWOT Analysis
7.7 Honeywell International Inc
7.7.1 Company Overview
7.7.2 Financials
7.7.3 Overall Financials
7.7.4 Business Segment Revenue Mix
7.7.5 Geographical Revenue Mix
7.7.6 Financial Summary
7.7.7 SWOT Analysis
7.8 HTC Corporation
7.8.1 Company Overview
7.8.2 Financials
7.8.3 Overall Financials
7.8.4 Geographic Revenue Mix
7.8.5 Financial Summary
7.8.6 SWOT Analysis
7.9 IBM
7.9.1 Company Overview
7.9.2 Financials
7.9.3 Overall Financials
7.9.4 Business Segment Revenue Mix
7.9.5 Geographic Revenue Mix
7.9.6 Financial Summary
7.9.7 SWOT Analysis
7.10 Infineon Technologies
7.10.1 Company Overview
7.10.2 Financial
7.10.3 Overall Financial
7.10.4 Business Segment Revenue Mix
7.10.5 Geographical Revenue Mix
7.10.6 Financial Summary
7.10.7 SWOT Analysis
7.11 Intel Corporation
7.11.1 Company Overview
7.11.2 Financials
7.11.3 Overall Financials
7.11.4 Geographic Revenue Mix
7.11.5 Business Segment Revenue Mix
7.11.6 Financial Summary
7.11.7 SWOT Analysis
7.12 Invensense Inc
7.12.1 Company Overview
7.12.2 Financials
7.12.3 Overall Financials
7.12.4 Business Segment Revenue Mix
7.12.5 Geographic Revenue Mix
7.12.6 Financial Summary
7.12.7 SWOT Analysis
7.13 Microsoft Corporation
7.13.1 Company Overview
7.13.2 Financials
7.13.3 Overall Financials
7.13.4 Geographic Revenue Mix
7.13.5 Business Segment Revenue Mix
7.13.6 Financial Summary
7.13.7 SWOT Analysis
7.14 NXP Semiconductors NV
7.14.1 Company Overview
7.14.2 Financials
7.14.3 Overall Financials
7.14.4 Geographic Revenue Mix
7.14.5 Business Segment Revenue Mix
7.14.6 Financial Summary
7.14.7 SWOT Analysis
7.15 Omron Corp
7.15.1 Company Overview
7.15.2 Financials
7.15.3 Overall Financials
7.15.4 Business Segment Revenue Mix
7.15.5 Geographical Revenue Mix
7.15.6 Financial Summary
7.15.7 SWOT Analysis
7.16 Qualcomm Inc
7.16.1 Company Overview
7.16.2 Financials
7.16.3 Overall Financials
7.16.4 Geographic Revenue Mix
7.16.5 Business Segment Revenue Mix
7.16.6 Financial Summary
7.16.7 SWOT Analysis
7.17 Robert Bosch
7.17.1 Company Overview
7.17.2 Financials
7.17.3 Overall Financials
7.17.4 Business Segment Revenue Mix
7.17.5 Geographical Revenue Mix
7.17.6 Financial Summary
7.17.7 SWOT Analysis
7.18 Samsung Electronics Co, Ltd.
7.18.1 Company Overview
7.18.2 Financials
7.18.3 Overall Financials
7.18.4 Geographic Revenue Mix
7.18.5 Business Segment Revenue Mix
7.18.6 Financial Summary
7.18.7 SWOT Analysis
7.19 Siemens
7.19.1 Company Overview
7.19.2 Financials
7.19.3 Overall Financials
7.19.4 Business Segment Revenue Mix
7.19.5 Geographic Revenue Mix
7.19.6 Financial Summary
7.19.7 SWOT Analysis
7.20 STMicroelectronics
7.20.1 Company Overview
7.20.2 Financials
7.20.3 Overall Financials
7.20.4 Business Segment revenue Mix
7.20.5 Geographical revenue mix
7.20.6 Financial Summary
7.20.7 SWOT Analysis
List of Tables
Table 2.1 ASP/Unit of Smartphones
Table 2.2 Average Selling Price (ASP)/Unit of Sensors used in Smartphones & Wearables
Table 2 3 Internet of Things (IoT) Startups Funding
Table 3.1 New Product Launches, & Development
Table 3.2 Partnerships, Joint Ventures, Collaborations & Contracts
Table 3.3 Business Expansion & Certification
Table 3.4 Mergers & Acquisitions
Table 3.5 Other Developments & Recognitions
Table 4.1 Global Internet of Things (IoT) Sensors Market by Type
Table 4.2 Global Pressure Sensors Used in Different Applications: Market Size
Table 4.3 Global Temperature Sensors Used in Different Applications Market Size
Table 4.4 Global Light Sensors Used in Different Applications Market Size
Table 4.5 Global Chemical Sensors Used in Different Applications Market Size
Table 4.6 Global Motion Sensors Used in Different Applications Market Size
Table 4.7 Global Other Sensors Used in Different Applications Market Size
Table 5.1 Global Internet of Things (IoT) Sensors Market by Application
Table 6.1 Developed Economies Sensors in Internet of Things (IoT) Devices Market Size, (2015-2022)
Table 6.2 Developing Countries Internet of Things (IoT) Sensors Market Size
List of Figures
Figure 1 Global Sensors in Internet of Things (IoT) Devices Market Size
Figure 2 Global Internet of Things (IoT) Sensors Market by Type
Figure 3 Global Internet of Things (IoT) Sensors Market by application
Figure 4 Global Internet of Things (IoT) Sensors Market by Geography
Figure 1.1 Global Sensors Market in Internet of Things (IoT) Devices Scope
Figure 1.2 Report Design
Figure 1.3 Primary Interview Breakdown, by Player, Designation & Region
Figure 1.4 Sources of Secondary Research
Figure 1.5 Data Triangulation
Figure 1.6 Top-Down and Bottom-Up Approach
Figure 1.7 Stakeholders
Figure 1.8 Influencing Factors
Figure 2.1 Impact Analysis of Market Dynamics
Figure 2.2 ASP/Unit of Smartphones
Figure 2.3 Average Selling Price (ASP)/Unit of Sensors used in Smartphones & Wearables,(2009-2016)
Figure 3.1 R & D Analysis of Leading Players
Figure 3.2 Bubble Chart for Leading Players in Sensors Market in Internet of Things (IoT) Devices
Figure 3.3 Supply-Chain Analysis for Sensors Market in Internet of Things (IoT) Devices
Figure 4.1 Global Sensors Market in Internet of Things (IoT) Devices Market Size, (2015-2022)
Figure 4.2 Global Internet of Things (IoT) Sensors Market by Type
Figure 4.3 Market Overview of Global Internet of Things (IoT) Sensors Market by Type
Figure 4.4 Pressure Sensors in Internet of Things (IoT) Market, (2015–22)
Figure 4.5 Global Pressure Sensors Used in Different Applications: Market Size
Figure 4.6 Temperature Sensors in Internet of Things (IoT) Market, (2015–22)
Figure 4.7 Global Temperature Sensors Used in Different Applications Market Size
Figure 4.8 Light Sensors in Internet of Things (IoT) Market, (2015–22)
Figure 4.9 Global light Sensors Used in Different Applications Market Size
Figure 4.10 Chemical Sensors in Internet of Things (IoT) Market, (2015–22)
Figure 4.11 Global Chemical Sensors Used in Different Applications Market Size
Figure 4.12 Motion Sensors in Internet of Things (IoT) Market, (2015–22)
Figure 4.13 Global Motion Sensors Used in Different Applications Market Size
Figure 4.14 Other Sensors in Internet of Things (IoT) Market (2015–22)
Figure 4.15 Global Other Sensors Used in Different Applications Market Size
Figure 5.1 Global Internet of Things (IoT) Sensors Market by Application
Figure 5.2 Global Internet of Things (IoT) Sensors Market by Application
Figure 5.3 Global Internet of Things (IoT) Sensors in Business/Manufacturing Market Size
Figure 5.4 Global Internet of Things (IoT) Sensors in Healthcare Market Size
Figure 5.5 Global Internet of Things (IoT) Sensors in Retail Market Size
Figure 5.6 Global Internet of Things (IoT) Sensors in Transport Market Size
Figure 5.7 Global Internet of Things (IoT) Sensors in Other Application Market Size
Figure 6.1 Global Internet of Things (IoT) Sensors Market by Geography
Figure 6.2 US Internet of Things (IoT) Sensors Market, (2015-22)
Figure 6.3 Germany Internet of Things (IoT) Sensors Market, (2015-22)
Figure 6.4 Italy Internet of Things (IoT) Sensors Market, (2015-22)
Figure 6.5 UK Internet of Things (IoT) Sensors Market, (2015-22)
Figure 6.6 Japan Internet of Things (IoT) Sensors Market, (2015-22)
Figure 6.7 France Internet of Things (IoT) Sensors Market, (2015-22)
Figure 6.8 Spain Internet of Things (IoT) Sensors Market, (2015-22)
Figure 6.9 Canada Internet of Things (IoT) Sensors Market, (2015-22)
Figure 6.10 Other Developed Countries Internet of Things (IoT) Sensors Market, (2015-22)
Figure 6.11 China Internet of Things (IoT) Sensors Market, (2015-22)
Figure 6.12 Indian Internet of Things (IoT) Sensors Market, (2015-22)
Figure 6.13 Middle East & Africa Internet of Things (IoT) Sensors Market, (2015-22)
Figure 6.14 South Korea Internet of Things (IoT) Sensors Market, (2015-22)
Figure 6.15 Other Developing Countries Internet of Things (IoT) Sensors Market, (2015-22)
Figure 7.1 Overall Financials, 2013-15, ($Million)
Figure 7.2 Geographic Revenue Mix, 2013-15 ($ Million)
Figure 7.3 Acuity Brands Inc.: SWOT Analysis
Figure 7.4 Overall Financials 2013-15 ($ Million)
Figure 7.5 Geographic Revenue Mix 2015 ($ Million)
Figure 7.6 ARM Holdings: SWOT Analysis
Figure 7.8 Overall Financials, 2014-16 ($ Million)
Figure 7.9 Business Segment Revenue Mix 2014-16 ($ Million)
Figure 7.10 Geographic Revenue Mix 2014-16 ($ Million)
Figure 7.11 Cisco Systems: SWOT Analysis
Figure 7 13 Business Segment Revenue Mix, 2013-15 ($ Million)
Figure 7 14 Geographical Revenue, 2013-15 ($ Million)
Figure 7 15 Ericsson: SWOT Analysis
Figure 7.16 Overall Financials
Figure 7.17 Geographic Revenue Mix, 2013-15 ($Billion)
Figure 7.18 Segment Revenue Mix, 2013-15 ($Billion)
Figure 7.19 Google Inc.: SWOT Analysis
Figure 7.20 Overall Financials, 2013-15 ($ Million)
Figure 7.21 Business Segment Revenue Mix, 2013-15 ($ Million)
Figure 7.22 Geographical Revenue Mix, 2013-15 ($ Million)
Figure 7.23 Honeywell International Inc.: Swot Analysis
Figure 7.24 Overall Financials, ($ billion)
Figure 7.25 Geographic Revenue Mix, 2013-15 ($Billion)
Figure 7.26 HTC Corporation: Swot Analysis
Figure 7.27 Overall Financials 2013-15 ($ Million)
Figure 7.28 Business Segment Revenue Mix 2013-15 ($ Million)
Figure 7.29 Geographic Revenue Mix 2012-14 ($ Million)
Figure 7.30 IBM: SWOT Analysis
Figure 7 31 Overall Financials: 2013-15 ($ million)
Figure 7 32 Business Segment Revenue Mix; 2013-15 ($ Million)
Figure 7 33 Geographical Revenue Mix, 2013-15 ($ Million)
Figure 7 34 Infineon Technologies: SWOT Analysis
Figure 7.35 Overall Financials, 2013-15 ($Billion)
Figure 7.36 Geographic Revenue Mix, 2013-15 ($Billion)
Figure 7.37 Segment Revenue Mix, 2013-15 ($Billion)
Figure 7.38 Intel Corporation: Swot Analysis
Figure 7.39 Overall Financials 2013-16 ($ Million)
Figure 7 40 Business Segment Revenue Mix, 2014-16
Figure 7.41 Geographic Revenue Mix 2015 (% Share)
Figure 7.42 Invensense Inc.: SWOT Analysis
Figure 7.43 Overall Financials, 2013-15
Figure 7.44 Geographic Revenue Mix, 2013-15
Figure 7.45 Segment Revenue Mix, 2013-15 ($Billion)
Figure 7.46 Microsoft Corporation: SWOT Analysis
Figure 7.47 Overall Financials, 2013-15 ($ Million)
Figure 7.48 Geographic Revenue Mix, 2013-15 ($ Million)
Figure 7.49 Segment Revenue Mix, 2013-15 ($ Million)
Figure 7.50 NXP Semiconductors NV: Swot Analysis
Figure 7 51 Overall Financials, 2013-2015, ($ Million)
Figure 7 52 Business Segment Revenue Mix, 2015 (%)
Figure 7 53 Geographic Revenue Mix, 2013-15 ($ Million)
Figure 7 54 Omron Corporation: SWOT Analysis
Figure 7.55 Overall Financials, 2013-15 ($Billion)
Figure 7.56 Geographic Revenue Mix, 2013-15 ($Billion)
Figure 7.57 Segment Revenue Mix, 2013-15 ($Billion)
Figure 7.58 Qualcomm Inc.: Swot Analysis
Figure 7 .59 Overall Financials, 2013-2015 ($ Million)
Figure 7 .60 Business Segment Revenue Mix, 2015 (%)
Figure 7. 61 Geographical Revenue Mix, 2015 (%)
Figure 7. 62 Robert Bosch: SWOT Analysis
Figure 7.63 Overall Financials, 2013-15 ($ Billion)
Figure 7.64 Geographic Revenue Mix, 2013-15 ($Billion)
Figure 7.65 Segment Revenue Mix, 2013-15 ($Billion)
Figure 7.66 Samsung Electronics Corporation: SWOT Analysis
Figure 7.67 Overall Financials 2014-16 ($ Million)
Figure 7.68 Business Segment Revenue Mix 2013-15 ($ Million)
Figure 7.69 Geographic Revenue Mix 2013-15 ($ Million)
Figure 7.70 SWOT Analysis: Siemens
Figure 7.71 Overall Financials, 2013-15 ($ Million)
Figure 7.72 Business Segment Revenue Mix, 2013-15 ($ Million)
Figure 7.73 Geographic Revenue Mix, 2013-15 ($ Million)
Figure 7.74 STMicroelectronics: SWOT Analysis

Sensors in Internet of Things (IoT) is the one of most recent developments in the field of modern technology   due to their efficient and eco-friendly features. . The Internet of Things (IoT) sensors industry is a fast  growing industry, with an  enormous scope for future  developments. Widespread use of Internet of Things (IoT) devices in developed regions has had a tremendous impact on the sensor market, thus increasing the usage of sensors in Internet of Things (IoT) market  to a large extent since its inception. Sensors help in monitoring our surroundings in a highly efficient manner. . Modern sensor technology is emerging to a great extent  which further expands the technological base and creates a major impact on the daily  life. Through sensors, the compiled data gets transmitted to the computer. With the help of modern computer software, the compiled data transforms  into several type of formats including tables, graphs or pictography. Today, sensors are available for almost all major application fields and are  contributing to a large extent in the field of technology. Within industries, various sensors including temperature, humidity, and vibration sensors have been used in order to send out an alert whenever danger or mishap is about to happen.

The global sensors market in Internet of Things (IoT) devices was estimated at $10,596.39 million in 2015 and is expected to reach at a significant level by 2022 registering a CAGR of 26.91% from 2015 to 2022. The factors driving the growth of the Internet of Things (IoT) sensors market include: widespread  internet connectivity, rapid adoption of mobile technology and constantly  falling average selling price (ASP) of sensors in Internet of Things (IoT) devices. Additionally, increasing support of government for the adoption of sensors in Internet of Things (IoT) devices is also aiding the growth of the global Internet of Things (IoT) sensors market.

Figure 4.1
Global Sensors Market in Internet of Things (IoT) Devices Market Size, (2015-2022)
Global Sensors Market in Internet of Things (IoT) Devices Market Size  
Source: Secondary research, expert interviews, and BIS Research Analysis    

Global sensors market in Internet of Things (IoT) devices has shown a dynamic growth rate in the forecast period. Over the years many major market players have contributed  a great deal in terms of partnerships, collaborations, mergers & acquisitions etc. CISCO Systems  is first in ranking in terms of maximum number of partnerships, collaborations, mergers & acquisitions being made by it in 2014 & 2015. A similar trend was being followed by STMicroelectronics, Intel Corporation, ARM Holdings and Invensense among others. CISCO Systems manages to be at the top of the market because of its diversification of products, highest revenue generation, and widespread geographical presence across the globe among others.

In terms of percentage share of different types of sensors being extensively used in Internet of Things (IoT) connected devices, pressure sensors accounted for maximum in 2015 of 31.27%. The reason for the same is the fact that pressure sensors are showing the highest demand among all the verticals because of continuous falling price. Healthcare sector is utilising the pressure sensors on a large scale because of growing need of advanced medical facilities to the patients all across the globe. Retail is using a considerable amount of sensors in order to minimize the cost of production and labor cost. Moreover, with the usage of sensors, it becomes easy to detect theft with the help of visual based sensors. In transportation industry, sensors have proved to be a boon. Previously, when sensors were not used in transportation sector, it was very difficult for the companies to continuously monitor the condition of agro based products. However, with the usage of various sensors in transportation, it is now very safe and easy to deliver the products to the end users with the minimal wastage.

The market is dominated by North America and the APAC which are expected to grow at the highest rate in the forecast period. The dominance of North America in the Internet of Things (IoT) sensors market over other regions is due to heavy demand for new  infrastructure, strong economic growth driven mainly by China, and increasing affordability of Internet of Things (IoT) sensors in the region. The US is the leader of the North American Internet of Things (IoT) sensors market, and accounted for a market share of around 68.59% in 2015. 

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