NanoMarkets Issues Two Downloadable Papers on Sensors for the Industrial Internet
Industry: Market Research
The papers are based upon research conducted for a recently released report, “Markets for Sensors in the Industrial Internet"
Glen Allen, VA (PRUnderground) November 18th, 2014
Industry analyst firm NanoMarkets today announced the release of two papers addressing the industrial internet of things (IIoT)sensor market. The papers are based upon research conducted for a recently released report titled, “Markets for Sensors in the Industrial Internet” that was issued previously this month. In the report the firm projected the market for sensors used in industrial internet applications to surpass revenues of $20 billion ($US) by the year 2019.
The “Industrial Internet” is a term originally coined by GE, but now widely used and embodies the concept of industrial environments that are automated using sensor networks and machine-to-machine (M2M) communications. The Industrial Internet is also closely associated with concept of the Internet-of-Things (IoT). Indeed, the Industrial Internet could be thought of as the IoT restricted to industrial situations, acknowledging that these situations have special needs. Although there is no accepted applicability of “Industrial Internet,” NanoMarkets think it reasonable to assume that Industrial Internets will increasingly be found in factory automation, commercial building automation, the energy industry and public transport of various kinds.
These are different settings in many ways, but NanoMarkets believes that they are all increasingly share a need for rugged networks that connect up complex machines with the purpose of enhancing efficiency, profitability and safety. The hidden assumption behind Industrial Internet concept is that a common platform with similar sensor infrastructure could serve for these many different applications.
In the first paper, “The Growing Demand for Industrial Internet Sensors” (http://nanomarkets.net/images/uploads/Industrial_Sensors.pdf) the firm identifies the key IIoT sensing requirements (e.g., cost, power consumption, reliability, security) and the companies we expect to assume leadership positions in delivering them, from today’s big conglomerates to entrepreneurial sensor startups.
In the second paper, “Mapping Market Trajectories: Where Sensors in the Industrial Internet Will Take Off” (http://nanomarkets.net/images/uploads/Industrial_Sensors2.pdf) the firm examines the end markets in which these capabilities are coalescing, and thus define the real opportunities for the IIoT.
About the Report
The NanoMarkets report, “Markets for Sensors in the Industrial Internet”, (http://nanomarkets.net/market_reports/report/markets-for-sensors-in-the-industrial-internet) identifies and quantifies where the opportunities are for makers of Internet-connected industrial sensors, and provides eight-year forecasts for a variety of industrial sensors types including those that detect and measure: gas and chemicals, sound, motion, light touch/pressure and heat, as well as specialized sensors used in the smart grid. The forecasts presented in this report are in both volume and value terms.
In addition, the report contains an assessment of firms that are active in the Industrial Internet sensor business. The companies covered in this report include: ABB, Alitalia, ARM, Bosch, BP, Chevron, Cisco, Eaton, Echelon, Federal Express, Freescale, GE, GM, Harley Davidson, Helsinki Bus, Honeywell, IBM, Intel, IUS, Landis + Gyr, Raytheon, Rolls-Royce, Schneider Electric, Shell, Siemens, Silver Spring Networks, Stanley, Texas Instruments, Toshiba and Virginia Smart Road
NanoMarkets tracks and analyzes emerging markets in energy, electronics and other area created by developments in advanced materials. Visit www.nanomarkets.net for a full listing of NanoMarkets’ reports and other services.