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IoT Sensors Market Forecast to Surge at 22.7% CAGR to Reach $56.8 Billion by 2030, Driven by Manufacturing and Healthcare Sectors

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DUBLIN, March 4, 2024 /PRNewswire/ — The “Global IoT Sensors Market by Offering (Image Sensors, RFID Sensors, Biosensors, Humidity Sensors, Optical Sensors, Others), Technology (Wired, Wireless), Sector (Manufacturing, Retail, Consumer Electronics, Others), & Geography – Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.

With a projection to expand at a compelling compound annual growth rate (CAGR) of 22.7% through to 2030, the market is anticipated to attain a valuation of $56.8 billion, signifying robust industrial advancements and technological innovation.

In today’s interconnected world, IoT sensors play an indispensable role. They offer critical data for various applications, ranging from enhancing consumer electronics functionality to streamlining manufacturing processes. The report categorically analyzes offerings such as image sensors, humidity sensors, and optical sensors, among others, highlighting the adoption trends across different technologies including wired and wireless systems.

The manufacturing sector is poised to witness significant uptake of IoT sensors, leveraging them for applications like smart robotics and inventory management. Simultaneously, the healthcare industry’s focus has shifted towards enhancing patient monitoring systems through IoT integration, opening opportunities for sensor technology to transform care delivery and optimize healthcare workflows.

Bolstered by the advent of Industry 4.0 and smart city initiatives, the Asia-Pacific region is the frontrunner in IoT sensor adoption with substantial investments and demand for advanced sensor-enabled devices. Key technological trends such as wireless connectivity and artificial intelligence integration within IoT sensors are setting the stage for a transformative landscape in sensor technology and industry applications.

Market analysts delve into the competitive dynamics, spotlighting the major players in IoT sensor technology and their market shares. They also offer crucial insights into the market trends, drivers, restraints, and the array of opportunities available for stakeholders. Such in-depth knowledge helps in deciphering the diverse strategies adopted by leading industry participants, making the report a cornerstone for understanding current market scenarios and future growth prospects.

The geographical analysis within the report encompasses regional trends and growth hotspots, identifying high-potential areas and emerging market participants. This enhances the understanding of the local competitive environment, assisting businesses and investors to strategize accordingly.

Key questions answered in the report:

Which are the high growth market segments in terms of offering, technology, sector, and countries?What is the historical market for IoT sensors across the globe?What are the market forecasts and estimates from 2023-2030?What are the major drivers, restraints, and opportunities in the global IoT sensors market?Who are the major players in the global IoT sensors market, and what shares of the market do they hold?Who are the major players in various countries, and what shares of the market do they hold?How is the competitive landscape?What are the recent developments in the global IoT sensors market?What are the different strategies adopted by the major players in the global IoT sensors market?What are the geographical trends and high growth countries?Who are the local emerging players in the global IoT sensors market and how do they compete with the other players?

Market Insights

Factors Affecting Market Growth

Increasing Investments in Industry 4.0 Technologies Driving the Adoption of IoT SensorsGovernment Initiatives Supporting the Adoption of IoT Devices Across Various SectorsIncreasing Integration of IoT Sensors into Connected and Wearable Devices Supporting Market GrowthData Security and Privacy Concerns Hampering the Adoption of IoT SensorsGrowing Use of IoT Sensors for Predictive Maintenance Expected to Generate Growth Opportunities for Market PlayersProliferation of Smart Cities Expected to Increase the Adoption of IoT SensorsHigh Initial Investment Requirements Impacting the Implementation of IoT Ecosystems

Trends

Rising Adoption of Industrial RobotsIncreasing Integration of Artificial Intelligence into IoT Sensors

Porter’s Five Forces Analysis

Value Chain Analysis

Case Studies

Monitoring System for Precision FarmingIoT Technology for Manufacturing OperationsReal-Time IoT Tracking and Visualization

Company Profiles

Texas Instruments IncorporatedBosch Sensortec GmbHSTMicroelectronics N.V.Honeywell International Inc.Murata Manufacturing Co., Ltd.TE Connectivity Ltd.OMRON CorporationAnalog Devices, Inc.NXP Semiconductors N.V.Infineon Technologies AGBroadcom Inc.TDK CorporationVighnaharta Technologies Pvt. Ltd.ANBSensorsSensoneo

Scope of the Report:

Market Assessment, by Offering

Image SensorsBiosensorsRFID SensorsAccelerometer SensorsFlow SensorsPressure SensorsOptical SensorsHumidity SensorsTemperature SensorsLevel SensorsProximity SensorsGas SensorsOther IoT Sensors

Market Assessment, by Technology

Wireless TechnologyWi-FiBluetoothZigbeeZ-WaveOther Wireless TechnologiesWired Technology

Market by Assessment, by Sector

ManufacturingSurveillance & SafetyMachine Inspection & MaintenanceSmart RoboticsProduction PlanningInventory & Warehouse ManagementTransportation & LogisticsTraffic ManagementFleet ManagementParking ManagementTelematicsRetailCustomer Experience ManagementOperations ManagementInventory ManagementHealthcareTelehealth/TelemedicineHospital Operations & Workflow ManagementRemote Patient MonitoringMedical DevicesOther Healthcare ApplicationsOil & GasRemote MonitoringWorker Safety & SecurityPredictive MaintenanceAsset Tracking and ManagementEnergy & UtilitiesSmart Grid ManagementPredictive MaintenanceAsset ManagementSecurity And SafetyConsumer ElectronicsHome AutomationSmart WearablesSecurity & SafetyAgricultureCrop MonitoringLivestock MonitoringSmart IrrigationInventory ManagementWeather Tracking and Monitoring

Market Assessment, by Geography

Asia-PacificChinaJapanIndiaSouth KoreaRest of Asia-PacificNorth AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalySpainRest of EuropeMiddle East & AfricaLatin America

For more information about this report visit https://www.researchandmarkets.com/r/5f9fgc

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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Research and Markets
Laura Wood, Senior Manager
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Fitterfly Healthtech and Ascensia Diabetes Care Launch a 21-Day Diabetes Management Program on World Diabetes Day

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MUMBAI, India, Nov. 14, 2024 /PRNewswire/ — This World Diabetes Day, on 14th November, Fitterfly Healthtech and Ascensia Diabetes Care are joining hands to launch a complimentary 21-day Diabetes Management Program for Ascensia’s glucometer users. This initiative aims to make diabetes care simpler and more effective for people, offering them personalised support, expert guidance, and easy-to-use tools.

For many, managing diabetes can feel overwhelming. Even with the right tools, knowing where to start can be challenging and confusing. That’s why this 21-day program is designed to help users get started on a wellness journey and build lasting habits, as 21 days is the time it takes to set a habit. By simply scanning a QR code on the warranty page of Ascensia’s glucometer, users can join the Fitterfly program and access diet plans, a 24/7 AI wellness coach, group sessions with diabetes experts, glucose tracking and insights, food diary tracking, assessments, and more. With each step, this structured support brings confidence and clarity, helping users feel truly in control of their health.

Albertraj Balraj, Country Head and Director at Ascensia Diabetes Care India Pvt Ltd., commented, “Glucometers and Self-Monitoring Blood Glucose (SMBG) play an important role in effective blood sugar monitoring. Through this partnership, we aim to offer people a 360° solution by combining our world-class glucometer with Fitterfly’s advanced tools and expert support to make diabetes management truly simple for everyone. We want people to approach diabetes care with confidence and without fear.”

Dr Arbinder Singal, CEO & co-founder of Fitterfly Healthtech, added, “Lifestyle management remains the first line of therapy for type 2 diabetes. Our collaboration with Ascensia makes it easy for people to take control of their health and get started on a journey to lower their blood sugar sustainably. By linking their glucometer to our Fitterfly app, users can track their readings, gain insights, and learn to manage diabetes with ease.”

This partnership is a true example of two brands joining forces to reduce the diabetes burden in the country.

To know more about Fitterfly’s Diabetes Programs, visit Fitterfly.

About Fitterfly

Fitterfly is a leading Indian healthtech company specialising in digital therapeutic programs for managing diabetes, obesity, and heart disease. Co-founded in 2016 by Dr Arbinder Singal and Shailesh Gupta, the Mumbai-based company employs over 200 professionals, including doctors, nutritionists, fitness experts, and technologists. Fitterfly aims to improve metabolic health by focusing on conditions like prediabetes, diabetes, obesity, hypertension, and heart disease. Fitterfly has significantly contributed to health technology research, publishing over 80 papers and winning numerous awards, including the Economic Times Healthtech Startup of the Year 2022. Fitterfly has raised $16.6 million in funding, with its last round in June 2022 led by Amazon with support from Fireside Ventures, 9 Unicorns, and Venture Catalysts.

About Ascensia Diabetes Care

Ascensia Diabetes Care is a global company focused entirely on helping people with diabetes. Our mission is to empower those living with diabetes through innovative solutions that simplify and improve their lives. We are home to the world-renowned CONTOUR® portfolio of blood glucose monitoring systems and the exclusive global distribution partner for the Eversense® Continuous Glucose Monitoring Systems from Senseonics. Ascensia is a member of PHC Group and was established in 2016 through the acquisition of Bayer Diabetes Care by PHC Holdings Corporation. Ascensia products are sold in more than 100 countries. Ascensia has around 1,400 employees and operations in 29 countries. For further information, please visit the Ascensia Diabetes Care website at www.ascensia.com.

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Eco-documentary A Chorus of Frogs officially launched

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NANJING, China, Nov. 14, 2024 /PRNewswire/ — Recently, the ecological documentary A Chorus of Frogs produced by Nanjing Newspaper Media Group was officially launched. The film told the story of Wang Ningjing, a post-95s Nanjing girl, who returned to the countryside to find the Chinese immaculate treefrog and shoot a documentary.

https://youtu.be/V8aI9PIFalA?si=Mcc6iP5FeAk3Y8OF

Wang Ningjing, the post-95s generation from Nanjing, is currently studying wildlife filmmaking in the UK. Professor Borzée Amaël from Nanjing Forestry University, who grew up in Madagascar, has been researching treefrogs over ten years.

Unlike most girls who like fairy tales, Wang has been passionate about creature and nature since childhood. Nanjing Hongshan Forest Zoo, not far from her home, was a place she often visited as a child.

“I see one. Is that it?……That one on the wheat. So beautiful!” The species’ breeding season is May and June. During this period, Professor Amaël conducted regular field surveys to locate populations of the treefrog, known for its unique calls that can be heard from a distance. The documentary began with Wang listening to the calls of the treefrog in the fields at night.

A Chorus of Frogs is positioned as an ecological and humanistic documentary. By following Wang Ningjing and Amer to explore the traces of the Chinese immaculate treefrog, it vividly tells the story of people and frogs.

Chinese path to modernization has the distinctive features of respecting nature, following its laws and protect it as well as promoting harmony between humans and nature. The harmonious coexistence between human and the environment is important not only to China but to the world as well.

Where does the Chinese immaculate treefrog go? I believe everyone will find their own answer after watching.

Nanjing Newspaper Media Group, a state-owned media group in Nanjing City, was established on December 17, 2002 with the approval from the National Press and Publication Administration. In recent years, the group has seized strategic opportunities for media convergence to develop a new type of mainstream media based on the Internet. Fully committed to mobile first, it has accelerated the establishment of all-media communication system. The group’s flagship brand, Zijinshan Video, focuses on short video creation, particularly the production of documentaries. It currently has more than 65 million followers across all platforms.

Video – https://www.youtube.com/watch?v=V8aI9PIFalA

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Avathon Partners with CP PLUS, Largest CCTV Manufacturer in India, to Enhance Public Safety while Strengthening Community Bonds

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PLEASANTON, Calif., Nov. 13, 2024 /PRNewswire/ — Avathon, provider of the leading AI platform for industrial operations, has partnered with CP PLUS, one of the largest manufacturers of CCTV cameras, to create safer, more connected societies by bundling Avathon’s computer vision technology with each camera. The companies are bringing Avathon’s computer vision AI capabilities to small and medium-sized businesses (SMBs) across India, turning their cameras into intelligent assets that enable more secure workplaces, factories and facilities.           

In today’s fast-paced world, it’s hard to keep an eye on every single detail, every minute of the day. Computer vision AI technology gives users the freedom and control to go about their daily lives knowing they will receive proactive alerts identifying safety and security issues in real time.

“Increasing demand for advanced public safety tools, smart home devices and integrated AI-powered cameras is fueling massive industry growth,” said Aditya Khemka, Managing Director, CP PLUS, a subsidiary of Aditya Group. “Our partnership with Avathon will help us to better deliver state-of-the-art AI-powered solutions that feature advanced functions like real-time anomaly detection and intelligent monitoring.”

Avathon’s computer vision AI automatically detects and alerts unsafe conditions and incidents in real time, allowing users to proactively take the right actions. Avathon enables business owners using valuable resources to monitor CCTV camera feeds to get back to focusing on operations. The company partners with OEM camera manufacturers by providing AI technology that enables end customers to quickly and accurately address processes, behaviors, and conditions that cause unacceptable risk. Through its partnership with CP PLUS, Avathon has democratized this technology, giving access to large organizations and small businesses alike.

CP PLUS is India’s leading surveillance brand with the most extensive portfolio in the entire global industry. Representing a major share of the Indian CCTV market, CP PLUS offers a range of products and services to meet the varied needs of government, commercial, residential, and industrial customers and its products are successfully deployed in every nook and corner of India and many countries across verticals and industry.

“AI cameras are paving the path forward in India toward smart-city initiatives and enhanced public safety improvements. In this sometimes disconnected world, it’s comforting to rely on a technology that instantly alerts users to potential dangers and other anomalies,” said Pervinder Johar, CEO of Avathon. “We’re proud to partner with CP PLUS to provide the AI innovations needed to push India to the leading edge of technological advancement.”

About Avathon

Avathon, a leader in Industrial AI, extends the life of critical infrastructure while advancing the journey toward full autonomy. Avathon’s Industrial AI platform empowers commercial and government customers with scalable, secure, and value-driven solutions that enhance efficiency and resilience across heavy industry.

Media contact:

Jon Ross
Sr. PR & Communications Manager
Avathon
jross@avathon.com

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