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Global Wireless IOT Temperature Sensor Market

Sept. 16, 2019

Global Wireless IOT Temperature Sensor Market, By Type (Image Sensor, Motion Sensor, Proximity Sensor, Pressure Sensor Magnetometer, Humidity Sensor, Temperature Sensor, Touch Sensor, Accelerometer, Gyroscope, Flow Sensor, and Others), By Component (Hardware, Service, and Software ), By Region (North America, Latin America, Europe, Asia-Pacific, Middle East and Africa)- Global Forecast, 2020-2025.

Report Code :FMR609      
Industry : Healthcare IT
Pages :210 Pages
Format :   PPT Format   PDF Format

The global wireless IOT temperature sensor market was valued at US$ xx million in the year 2019. This market is estimated to be valued at US$ xx million in the year 2020, and is expected to reach US$ xx million by the year 2025, with an estimated CAGR of xx% during the forecast period (2020-2025). Wireless IOT temperature sensors refer to the sensors which is being used in smart applications, which needs proper connectivity, real-time estimations, and common connecting device for gathering and analyzing data. It is a technical concept where each and every physical device is connected to the internet, and all likely devices are capable to communicate with each other.

Table 1. Global Wireless IOT Temperature Sensor Market Synopsis

Parameters

Description

Market Value (US$ Mn) for the Period

2018-2025

Base Year

2019

Forecast Period

2020-2025

Market Segmentation (By Type)

Image Sensor, Motion Sensor, Proximity Sensor, Pressure Sensor Magnetometer, Humidity Sensor, Temperature Sensor, Touch Sensor, Accelerometer, Gyroscope, Flow Sensor, and Others

Market Segmentation (By Component)

Hardware, Service, and Software

Regions Covered

North America, Latin America, Europe, Asia-Pacific, Middle East and Africa

Key Players Coverage

TDK Corporation, Honeywell International Inc., Omron Corporation, Yokogawa Electric Corporation, NXP Semiconductors, Broadcom Inc., Analog Devices, Inc., Murata Manufacturing Co., Ltd, SmartThings Inc., FUJITSU, Texas Instruments Incorporated, TE Connectivity, STMicroelectronics,  Infineon Technologies AG, and Sony Corporation, Robert Bosch GmbH, among others.

Key Insights

  • Latest Updates
  • Analyst Views
  • Future Outlook of the Market

Market Dynamics

The drivers behind the growth of wireless IOT temperature sensor market include significant rise in investment in industries to invent and evolve efficient sensor technologies and modifying existing infrastructure in terms of upgrading them to support IOT and automation. Moreover, the innovations of certain capabilities to operate with no use of onboard power supply has also increased the market opportunities for wireless IOT temperature sensors as these devises can also be placed in a remote area. For instance, surface acoustic wave devices can work without an onboard power supply with the use of a dedicated interrogation unit that is sensitive to temperature dynamics.

However, huge cost involved in ensuring higher infrastructure up-gradation acts as the restraint to the wireless IOT temperature sensor market

Figure 1. PORTER’S Analysis

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

North America holds the major share of the wireless IOT temperature sensor market followed by Europe and Asia-Pacific. Increasing adoption of IOT-based and smart industries, vital manufacturing, and the presence of numerous industrial wireless temperature sensor producers and system integrators in the various parts of North America are estimated to foster the market growth. In North America, 5G adoption ingenuity has made it attainable for temperature sensor network to transmit multimedia files at a speedy rate and allow Multiple Input Multiple Output (MIMO) networking capabilities. Moreover, ignoring wired sensors and restoring them with wireless temperature sensors in commercial areas sequels in decreased maintenance and higher space availability. For instance, subsisting wireless technologies in the communication factories, such as the IEEE 802.15.4 communication protocol with decreased power utilization by frequent investment in nourishing the 5G adoption, MIMO communication, and industry 4.0 abilities are anticipated to build a nurturing ecosystem for the market players in the U.S.

Figure 2. Regional Analysis

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

Competitve Landscape

Key players in the global wireless IOT temperature sensor market include: TDK Corporation, Honeywell International Inc., Omron Corporation, Yokogawa Electric Corporation, NXP Semiconductors, Broadcom Inc., Analog Devices, Inc., Murata Manufacturing Co., Ltd, SmartThings Inc., FUJITSU, Texas Instruments Incorporated, TE Connectivity, STMicroelectronics,  Infineon Technologies AG, and Sony Corporation, Robert Bosch GmbH, among others.

The players have adopted strategies of product development, technological advancements and acquisition to strengthen their position in the market. For instance, in December 2018, Yokogawa Electric Corporation launched Sushi Sensor, an OpreX brand wireless solution, in various diverse markets other than Japan. The Sushi Sensor provides the online controlling of instruments operating set-ups, which helps to enhance equipment nurturing and reduces abortion by discovering signs of abnormalities at a primitive stage which is optimized for industrial IoT (IIoT) applications,

Figure 3. Market Share of Key Players, 2019

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

By Type

  • Image Sensor
  • Motion Sensor
  • Proximity Sensor
  • Pressure Sensor Magnetometer
  • Humidity Sensor
  • Temperature Sensor
  • Touch Sensor
  • Accelerometer
  • Gyroscope
  • Flow Sensor
  • Others

By Components

  • Hardware
  • Service
  • Software

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa
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Note: This report provides in-depth analysis of the global wireless IOT temperature sensor market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2025), considering 2019, as the base year.

  • What are the trends adopted by key players in the global wireless IOT temperature sensor market?
  • What key factors are expected to increase the demand for wireless IOT temperature sensor market during the forecast period 2020-2025?
  • What are the major challenges inhibiting the growth of the global wireless IOT temperature sensor market?
  • What is the total market value (US$ Mn) generated in global wireless IOT temperature sensor market by type in 2019 and what are the forecasts by 2025?
  • Which component is expected to dominate the wireless IOT temperature sensor market in the coming years?
  • What was the total revenue generated by the global wireless IOT temperature sensor market across different regions (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) in 2019, along with CAGR (%) for the period (2020-2025)?
  • Who are the key players contributing to the growth of the global wireless IOT temperature sensor market, and what are the new strategies adopted by them to retain a market share in the industry?
  • What is the competitive strength of the key players in the wireless IOT temperature sensor market?
  • What are the major outcomes derived from the Porter’s five forces?
  • What new products are going to be approved or launched in the coming years which may have huge impact on the market?
  • What insights are derived through the analysis of key players on following parameters: company overview, financial performance, product portfolio, geographical presence, key highlights, and strategies?

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