The sudden surge in the demand for IoT sensors is attributable to the burgeoning automotive industry and the proliferating industrial Internet of Things market.

The IoT sensors market is also being driven by the rising demand for consumer electronics and the skyrocketing penetration of smart devices.

As smart devices hold a major share in the global consumer electronics market, the demand for the devices is augmenting the global IoT sensors market as well.

Smart Cities create a conducive ground for growth of IoT sensors market. Besides smartphones, analysts predict that the demand for smart gas, electricity, and water meters is also likely to grow in the coming few years.

As a result, the global Internet of Things market will record soaring profits in the next few years.

The sensors will be largely used in smart grids, smart meters, intelligent traffic management systems, and smart parking.

Adoption of IoT sensors in the medical industry offers better patient care, reduction in costs, and increase in efficiency.

The types of IoT sensors in this market are gyroscopes, accelerometers, magnetrometers, temperature sensors, pressure sensors, light sensors, and others.

The end-use industries of these IoT sensors are the healthcare industry, the consumer electronics industry, the automotive industry, the industrial sector, the building automation industry, the retail industry, and others.