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Internet of Things Industry Technology, Trends, Development and Key Manufacturers Forecast Report 2017-2025

(IT-NEWSWIRE.COM, September 20, 2017 ) Internet of Things (IoT) facilitates the connection of various devices through network technology. IoT is a network of objects embedded with electronics, software, network connectivity and sensors. IoT aids to build smart communication environments like smart transportation, smart homes, smart shopping, and smart healthcare and so on.

The report aims to provide an overview of global IoT market with detailed market segmentation by component, connectivity network, application and geography. The global IoT market is expected to witness high growth during the forecast period. Increasing investments in IoT divisions, the increase in connectivity of the internet globally and high adoption of devices such as tablets and smart phones have raised the global demand for IoT.

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Reduction in amount of manufacturing material (such as aluminum) for SSL products lowers the manufacturing cost and time, thereby serving as a key opportunity area for the SSL vendors globally. Furthermore, the expected implementation of SSL, owing to enhanced color stability and lumen proficiency, within several lighting applications including automotive lighting, general lighting, and medical lighting, is analyzed to promise significant growth within the global Internet of Things market. The high initial cost of SSL products hinders the global Internet of Things market. Additionally, poor efficiency of SSL products in heat sensitive applications further restricts the global Internet of Things market.

The Internet of Things market has been segmented on the basis of technology into light-emitting diodes (LED) and organic light-emitting diodes (OLED). The SSL market has been further segmented based on applications, namely: general lighting, automotive lighting, electronic billboards, backlighting, and medical lighting. On the basis of installation type, the global Internet of Things market has been fragmented into new installation and retrofit. Additionally, the global Internet of Things market has been further segmented by end-user industry verticals into residential, education & research, healthcare, commercial, industrial, consumer electronics, and automotive & transportation.

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Asia Pacific (APAC) is observed as the largest pool for global solid state lightning market owing to availability of cheap labor and low manufacturing costs. In addition, North America leads the global Internet of Things market owing to a significant implementation of SSL technology in lightning products. In addition, governments of developed regions such as the North America and Europe, are planning to ban incandescent bulbs and increase adoption of energy-efficient and eco-friendly technologies for illumination, thereby further expected to bolster the global Internet of Things market In South America (SAM), Brazil is expected to be is largest contributor to global solid state lightning market due to rapid infrastructural development propelling employment of large amount of SSL products.

Some of the key players operating within the global Internet of Things market include Osram Licht AG, Nichia Corporation, General Electric Company, Royal Philips Electronics N.V., Seoul Semiconductor Co. Ltd., Applied Materials, Inc., Cambridge Display Technology Ltd., Mitsubishi Electric Corporation, Cree, Inc., Eaton Corporation PLC., Lumenpulse Inc., Energy Focus, Inc., Samsung Electronics Co. Ltd., and Tridonic Gmbh & Co. KG among others.

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