Connected sensors are an important part of Internet of Things (IoT) solutions, and the market is showing dynamic growth in all verticals. According to Future Market Insights, the main driving force of the connected sensor market is a direct result of the company's greater investment in sensor equipment, which is used to provide enterprises with real-time information and services.
By 2021, more companies will seek overall interconnection technologies to better supervise and increase the implementation of IoT devices. With the development of higher bandwidth and connectivity solutions, LoRa devices and LoRaWAN open protocols will complement and fill the gaps left by traditional networks (such as Wi-Fi and Bluetooth). With the help of smart sensors, developers can build solutions to quickly build applications to meet individual needs with faster deployment.
This year, IoT-based solutions using networked sensors will affect many industries, and we need to rethink how to make full use of remote and low-power technologies in business models.
Trend 1: Asset Tracking
As supply chain risk management becomes more and more critical, creating smarter and more efficient asset management solutions will become a priority in 2021. It is necessary to integrate geographic location, network connection and transceivers in one device, and then to cloud solutions to achieve more advanced integration. This improves flexibility, reduces cost, reduces power consumption and shortens time.
By 2020, asset tracking solutions will help eliminate uncertainty around the pandemic and improve safety through more advanced surveillance and tracking applications (such as contact tracking, pedestrian traffic detection, and proximity sensing). Such use cases will eliminate some uncertainties in health and wellness, so that individuals and medical staff can make better use of resources and increase efficiency.
The new asset tracking system supports indoor and outdoor solutions that have higher return on investment (ROI), lower equipment and infrastructure costs, and will drive a large number of transactions this year.
Trend 2: Smart Home
The smart home market is in a transitional period from fancy applications to devices that can improve the efficiency of actual use cases.
In the past, consumers would buy products that they thought were cool, but now they need solutions that can bring tangible benefits. For example, more homeowners will start using sensors for motion tracking, door lock management, garage door monitoring, gas/water valve usage, pipeline leak detection, and power outlet monitoring.
By 2021, the need to provide homeowners with smart sensors that instantly understand the efficiency of their houses will continue to grow. The big feature that consumers will need in the future is interoperability. With the help of IoT devices with smart sensors, consumers will continue to want to be able to link their smart home applications together.
At the same time, as the smart home market continues to grow, consumers hope to be free to buy products from any manufacturer and then be able to connect them together.
Trend 3: Smart Utilities
By implementing smart utility infrastructure consisting of sensors and gateways, these infrastructures take advantage of remote low-power technologies, utilities and metering companies can collect data remotely and use personnel more effectively to simplify operations. Connected sensors have strong value to the utility market, not only can be flexibly deployed and/or utilized in a cost-effective manner, private and public networks, but also have advantages such as interoperability to help the development of the smart meter market.
With the help of technologies that provide real-time data and bandwidth capabilities to support numerous connected devices to improve the resiliency, reliability and security of the system and save costs, utilities will become more intelligent.
As more and more industries turn to smarter, sustainable and reliable sensor-based solutions for metering and other smart applications, companies that deploy IoT sensor technology will become early leaders in this field.
With the advent of 2021, there is a growing demand for simplified, flexible and user-friendly IoT devices, which encourages extensive connectivity access. With so many connection options, smart sensors will help companies and consumers maintain a safe and reliable connection between devices and servers.
