Market-analysis firm ResearchMoz claims the global IoT sensor market was estimated at nearly $3,350 million at the end of 2017 and is projected to reach a value of $9,900 million by the end of 2026. It is projected to progress at a CAGR of 12.7% from 2017 to 2026.
- Sensors are proliferating in different types of end-use industries, resulting in huge growth of the global IoT sensor market
- Consumer IoT Application Segment to Exhibit the Maximum CAGR
- North America Region to Dominate the Global IoT Sensor Market in Terms of Value
- Players operating in the global IoT sensor market include Arm Holdings PLC., Xinapse Systems Ltd., NXP Semiconductors N.V., Texas Instruments Incorporated, Infineon Technologies AG, Sciencesoft USA Corporation, Te Connectivity Ltd., Toshiba Medical Systems Corporation, Robert Bosch GmbH, Mirada Medical Limited, Stmicroelectronics N.V., Analog Devices, Inc., Siemens Healthineers, Broadcom Limited (Avago), and Invensense, Inc.
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