Global market for IoT sensors estimated at US$ 1.6bn in 2013, says NanoMarkets

Industry analyst firm NanoMarkets announced the release of its new report titled “Sensors for the Internet-of-Things: 2013 -2020”.

The report analyses and quantifies the opportunities for Internet-connected sensor products in six key industry sectors: home automation, commercial building automation, media and gaming, healthcare, the “Industrial Internet,” and “transportation and logistics.”

The report covers both the sensors and the hubs through which they are connected.

NanoMarkets estimates that the global market for IoT sensors will be approximately $1.6 billion ($US) in 2013, and will grow to a value of $17.6 billion ($US) by the end of the decade as sensors become increasingly connected to the Internet directly or through hubs.

However, NanoMarkets notes that much of this growth will be at the expense of conventional sensors with no Internet connectivity.

This report contains detailed, eight-year forecasts of sensors for the Internet-of-Things (IoT) broken out by type of application sector and type of sensor. The forecast specifically covers devices that sense light, heat, touch/pressure, motion, sound and gas/chemical.

The report also examines the trends that are driving demand for IoT sensors in each major applications sector and the enabling technologies that are making deployment of IoT sensors possible.

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