DUBLIN--(BUSINESS WIRE )--The "Global IoT Sensor Market 2022-2028" report has been added to ResearchAndMarkets.com's offering.

The global IoT Sensors market is anticipated to grow at a significant CAGR of 25.0% during the forecast period.

The adoption of IoT has been accelerated by new developing applications and business models, as well as lower device costs. As a result, there is a slew of connected devices, including cars, machines, meters, wearables, and consumer electronics. Industry 4.0 initiatives in places such as Europe, China, and others are driving IoT deployments and, as a result, IoT sensors.

According to Accenture, 60% of manufacturing organizations are already working on IoT projects, with more than 30% in the early stages of deployment. Furthermore, one of the major drivers driving IoT sensor use over the projection period is the reducing cost of the technology.

The global IoT sensors market is segmented based on type, technology, and application. Based on type, the market is classified into pressure sensors, temperature sensors, optical sensors, chemical sensors, image sensors, motion sensors, and others. The demand for pressure sensors is expected to grow significantly during the forecast period owing to their increasing application in industrial processes. Pressure gauges are being significantly utilized in industrial sites as it is better for pressure monitoring in closed environments.

The global IoT sensors market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America).

The market can be analyzed for a particular region or country level as per the requirement. Among these, the Asia-Pacific regional market is expected to cater to considerable growth during the forecast period owing to the emerging demand for IoT solutions coupled with the increasing digitalization in the region. The increasing number of smart city projects in China and India is offering an opportunity for market growth in the region.

2.2. Analyst Insight & Current Market Trends

3.3. Impact of COVID-19 on Key Players

4.1. Global IoT Sensors Market by Type

4.2. Global IoT Sensors Market by Technology

4.3. Global IoT Sensors Market by Application

For more information about this report visit https://www.researchandmarkets.com/r/l818ah

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900