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IoT Sensors Market display a CAGR of 12.7% during the period of forecast 2017-2026. – Wolf Mirror

With IoT sensors proliferating in different types of end-use industries, the global IoT sensor market is witnessing a huge growth. IoT sensors are deployed in different end-use industries like the automotive industry and also in the manufacturing sector. In the manufacturing sector, IoT sensors are used to reduce the cost of manufacturing, streamline the manufacturing process and gather data about various machines employed in the manufacturing of goods. IoT sensors also find application in the implementation and development of smart cities, where they are used in areas such as traffic management and monitoring of energy consumption. In addition, IoT sensors also find application in the healthcare industry, where they are used in the form of biosensors and implantable sensors to reduce the cost of healthcare and increase the quality of care provided. IoT sensors are further used in the consumer electronics sector and are mainly used in smart TVs, refrigerators and air-conditioners.

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