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Europe Internet Of Things Sensors Market Forecast 2019-2027

Key Findings
Lagging behind the immense and rapidly growing markets from the North America and APAC region is the European market for IoT sensors with a diminutive growth rate of 23.59% during the forecast years 2019-2027

Market Insights
The main utility of IoT sensors in Europe is the use of wireless sensors in the aerospace, automobile sector, commercial and consumer sectors for power saving and home automation. Countries like Germany and Switzerland are the main contributors to the market where Germany is ranked as the largest benefactor that drives the IoT sensor market growth in Europe, mainly because of the smart automotive and transport development from the manufacturing sector that utilizes IoT for communication. Due to the IoT sensors market being heterogeneously dispersed across this continent, the adoption rate has been very limited.

Competitive Insights
Major market leaders for the IoT sensors market are Texas Instruments, Broadcom Inc., Bosch Sensortec, ORIMtec, NXP Semiconductors, Infineon Technologies, Analog Devices, STMicroelectronics, Omron Adept Technologies, TE Connectivity & TDK InvenSense.
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Europe Internet Of Things Sensors Market Forecast 2019-2027
Published By :Inkwood Research
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