IoT Sensors Market On Roll

Vision Research Reports prophesizes that the IoT sensor market will reach $50.6 billion by 2027, registering a CAGR of 35.05%, during a forecast period spanning 2019 to 2027. That’s not too shabby considering this market was valued at a paltry $9.6 billion in 2018. According to the research firm, the rise in automation applications is a key determiner for the increased role sensors play in every aspect of automation.

Report Findings

  • IoT sensors market for gyroscopes is expected grow at the highest CAGR during the forecast period.
  • Wireless network technologies are expected to hold a larger share of the IoT sensors market by 2018.
  • Industrial vertical is expected to hold the largest share of the IoT sensors market during the forecast period.
  • North America is expected to hold the largest share of the global IoT sensors market by 2018.
  • Connected cars are providing a huge demand for IoT sensors.

Curiosity piqued? Thirsty for more IoT-sensor stats and related market trends? Then request a sample of the “IoT Sensors Market Size, Share, Growth, Trends, Insights, Forecast 2019-2027” report. For more details, email [email protected].

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