SOURCE: Compass Intelligence

Compass Intelligence

March 03, 2015 09:30 ET

Compass Intelligence Releases New Report on Sensors in M2M & IoT

Automotive, Smart Homes, Smart Cities and Wearable Devices Will Drive Growth for Sensors in M2M & IoT Over the Next 5 Years

SAN ANTONIO, TX--(Marketwired - March 03, 2015) - Strategy acceleration firm, Compass Intelligence released its latest report on "Sensors in M2M & IoT: A Global Analysis for Growth Opportunities and Solutions" today. The report covers different types of sensors that are used in various vertical markets including automotive, medical, connected home, smart cities, smart grid, environmental and agriculture, industrial and others (includes energy, Oil & Gas, semiconductors, process industries such as food, pharmaceuticals, chemicals, HVAC etc.).

This study will provide insight into the growth opportunities and market size for sensors in the M2M/IoT market, namely, wireless/cellular and satellite. The study does not cover sensors used in non M2M/IoT markets or wired applications. It will also shed light on trends by type of sensors, emerging potential and taking an objective view of the significant challenges yet to be overcome for participants to enjoy the profits in M2M/IoT sensors market. More importantly, the study will also address and offer a sneak peek into the wired sensors M2M potential and untapped market opportunity.

"There are few established market participants that possess vertical domain knowledge and comprehensive product portfolio," states Lavanya Rammohan, Sr. Analyst, M2M & IoT. "Going forward, software will play a key role in boosting sensor penetration into niche applications and create a market for smaller vendors."

The market for Sensors in M2M & IoT is estimated at $5.2 billion in 2014 and expected to triple in size to $15.7 billion in 2019 at a CAGR of 24.7 percent. Currently, automotive and smart home solutions are the largest markets for sensors. In the future, smart city and industrial solutions are expected to join them. Highlights from the report include:

  1. Automotive is the largest vertical market for sensors in M2M & IoT. In 2019, Automotive will continue to remain the largest but will be followed closely by connected home, industrial and smart city solutions.
  2. Emerging & Wireless sensors are a small portion of the market today. However, with falling prices in sensors and increasing number of M2M & IoT connections over wireless networks, emerging & wireless sensor share will grow rapidly.
  3. Emerging opportunities for M2M & IoT will take shape over the next couple of years. These include Geological mapping, precision agriculture & medical.
  4. Market leaders such as GE, Honeywell, Emerson, etc. will continue to dominate the industry. However, niche players will emerge for different vertical markets or applications that will challenge industry dynamics.

Click here to receive a free excerpt.

Click here to download report brochure.

Compass Intelligence is proud to announce that Go Mobile 2015 conference will be held again in Dallas TX from November 11-13, 2015. Details on the conference and location coming soon.

About Compass Intelligence

Compass Intelligence, a market analytics and consulting firm, specializes in strategy acceleration and insights for the high-tech and telecom industries while providing clients tailored services focused on metrics-driven intelligence and insights. Compass Intelligence provides executive insights, market sizing/modeling, competitive analysis, strategic consulting, and expert recommendations on multiple markets. Visit us at http://www.compassintelligence.com. Follow Compass Intelligence on Twitter at @CompassIntel.

Visit our sister websites www.ne2ne.com for the latest M2M & IoT news and www.bamboo-mobile.com for Reuse & Recycling news.

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