Total Sensor Market to Exceed 35 Billion Units by 2018, says Semico Research & Consulting Group

The IoT (Internet of Things) market has taken off spectacularly in a short space of time.  Most of the advancements have to do with the semiconductor industry and how drastically prices have been cut for bandwidth, processing power, and sensors.  On the end market side, IoT owes its life to the smartphone market, and how smartphones have become a personal gateway for the majority of people on the planet.  New research from Semico Research & Consulting Group, The Smart Economy: The Internet of Everything, says the IoT is impacting growth across many market sectors, including sensors, where the number of units produced and employed will exceed 35 billion units by 2018.

"For many new technologies, for example 3DTV or Augmented Reality, the technology often seems gimmicky and may not improve the lifestyle of the average user", says Jim Feldhan, President of Semico Research & Consulting Group. "But the IoT is not a fad; it is already changing the way we live our daily lives.  IoT provides new building technologies, new services (like assisted living), improved manufacturing and supply chains, and better resource usage like smart electric grids."

Key findings of the research include:

• Gateways will have a 50% CAGR from 2013 - 2020
• Smart Lighting will reach 1.3 billion units by 2020 
• The number of connected intelligent devices will reach an installed base of 36 billion units by 2020
• The installed base of smart meters will exceed 1.1 billion units by 2020

A recent Semico Research & Consulting Group report, The Smart Economy: The Internet of Everything (MP101-15) is a comprehensive report covering the current and future trends in the IoT environment, and takes a close look at commercial IoT trends to further understand where semiconductor investments should be made.  It contains 65 graphs and 15 tables providing analysis on:

• Market Drivers and Barriers
• Market Segments including analysis and forecasts:
  • Public Safety
  • Waste Water Treatment
  • Street Lights
  • Parking Solutions. 
  • Traffic Management 
  • Public Security
  • Digital Energy Harvesting Smart Meters
  • Smart Solar
  • Smart Vehicle Charging
  • Smart Energy Monitoring
  • Medical
  • Automate Manufacturing
  • Automate Digital Reactive Signs
  • Secure ATMs
  • Telecommuting 
  • Transportation

• Key players covered
  • ABB
  • ADT       
  • ARM     
  • AT&T    
  • Broadcom          
  • Freescale            
  • GE         
  • NXP      
  • Texas Instruments

• Standards, Alliances, Consortiums
  • CAN      
  • KNX      
  • LonWorks           
  • BACnet
  • Open Smart Grid Protocol           
  • Mi-Wi   
  • IEEE Smart Grid
  • Wi-SUN               
  • nVoy™ Hybrid Networking         
  • G.hn     
  • Bluetooth           
  • Bluetooth LE     
  • RFID      
  • NFC       
  • Wi-Fi     
  • Wi-Fi Direct        
  • WPAN  
  • ZigBee 
  • ZigBee Smart Energy     
  • Z-Wave               
  • 6LoWPAN           
  • 3G (3.5 & 3.75), 4G/LTE 
  • WiMAX

This report is part of Semico Research & Consulting Group's IoT Portfolio.  Other related reports include the following:

IoT Security: At What Cost?

The Smart Home: Big Brother or Swarm Intelligence?

What Does the Internet of Things Need to Grow?

The Internet of Things, Augmented Reality, and Sensor Fusion: It's a Brand New World

For a sample report or additional information on pricing on any of these reports contact:

Rick Vogelei

Business Development

Ph: 480-435-8564; Email: rickv@semico.com