Technologies & Sensors for the Internet of Things: Businesses & Market Trends 2014-2024 Report by Yole Developpement

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Technologies & Sensors for the Internet of Things:
Businesses & Market Trends 2014-2024

The Internet of Things (IoT) provides big opportunities for technologies. The device business will reach $46B in 2024, contributing to a total IoT market of $400B.


FROM $9.5B IN 2014 TO $46B IN 2024, THE IOT DEVICE MARKET WILL REPRESENT CLOSE TO 15% OF ALL DATA PROCESSING

IoT devices offer huge potential for electronic component manufacturers, but this is clearly not where the value will stop. Most of the added value in IoT solutions will come from the processing of the generated data. In fact, the ratio between electronic components and data processing can reach 1:50 in certain long-term cases! This is easily understandable, since the main purpose of the IoT is to make sensing ubiquitous at a very low cost, resulting in extremely strong price pressure on electronic component manufacturers. Nevertheless, the next five years will be extremely fruitful for device makers; the market should reach $70B by 2018, before decreasing. This period represents a key window in which manufacturers must seize the opportunity to grab a piece of the IoT business pie.

The IoT is a multi-billion dollar market emerging from several different markets (i.e. industrial sensors, wearable electronics and home automation) which will see strong convergence in the next five years. Three industrial and service sectors will be integral to the valorization of this new market:
The electronics industry, which will manufacture the sensing devices
The communication and cloud data storage industry, which will handle data transmission, storage and processing
Service companies, which will valorize the data either through processing or by selling to a third party
Some companies have already started positioning themselves in these fields: for example, Oracle and Amazon are developing their cloud computing capabilities; Bosch Connected Devices and Solutions GmbH and STMicroelectronics have teams dedicated to the IoT; and Google and Facebook are continuously developing their data processing models while looking to acquire companies linked to data gathering. Of course, not all of them will be winners.

The short-term opportunity lies in the electronics industry. Indeed, very strong price pressure is expected for IoT devices, and strong volumes are expected but at very low cost. Even though the general electronics market will experience strong growth, it will be through decreased costs, increased manufacturing capabilities and reduced margins. This trend has already been seen in the MEMS field over the past few years, and will repeat itself in the future.

More information on that report at http://www.i-micronews.com/reports/Technologies-Sensors-Internet-Things-Businesses-Market/1/442/

Published in: Technology, Business

Technologies & Sensors for the Internet of Things: Businesses & Market Trends 2014-2024 Report by Yole Developpement

  1. 1. © 2014 The Internet of Things (IoT) provides big opportunities for technologies. The device business will reach $45B in 2024, contributing to a total IoT market of $400B. Technologies & Sensors for the Internet of Things Businesses & Market Trends 2014 - 2024
  2. 2. © 2014• 2 Yole Développement Copyrights 2014 – MEMS Report Table of Contents • Executive Summary……………………………….…….. 7 • Introduction…………………………………………..…. 29 – Internet of Things Promises – Definition – Report Scope – Sensors for IoT Applications – Structure of IoT – IoT Map Device • Seven Generations of IoT Sensors to appear…....... 55 – Industrial sensors – Description & Characteristics – First Generation – Description & Characteristics – Advanced Generation – Description & Characteristics – Integrated IoT Sensors – Description & Characteristics – Polytronics Systems – Description & Characteristics – Sensors' Swarm – Description & Characteristics – Printed Electronics – Description & Characteristics – IoT Generation Roadmap • Market Forecasts 2014 - 2024………………...……..... 84 – Market Structure Value (in $M) – Market Value by Application Domain (in $M) – Volume Forecasts (Munits) – Cost Breakdown per Module (in $M) – Market Value per Generation (in $M) – Market Volume per Generation (Munits) • IoT Characteristics, Challenges & Roadmap......… 104 – Adapted Price Systems – Form Factor – Low Power Consumption – Protocols & Standards – Privacy & Security – Market Traction – Reliability & Lifespan – Data to Process • IoT Development Examples………………..……...… 136 – ACOEM Eagle – EnOcean Push Button – NEST Sensor – Ninja Blocks – And more… • Focus on Wearable Electronics…………….…….… 167 • Technological Analysis……………………….……… 184 – Wireless Sensor Structure – Energy Storage Module – Power Management Module – RF Module – Sensing Module • Conclusion……………………………………………… 273
  3. 3. © 2014• 3 Yole Développement Copyrights 2014 – MEMS Report About the Authors Antoine Bonnabel Antoine Bonnabel works as a Market & Technology Analyst for MEMS devices and technologies at Yole Développement. Antoine holds a M.Sc. In Microelectronics and Microsystems from Grenoble Institute of Technologies and a M.Sc. In Marketing and Business Management from Grenoble Graduate School of Business. Contact: bonnabel@yole.fr Dr. Eric Mounier Dr. Eric Mounier co-founded Yole Développement in 1998. He oversees technology analysis for MEMS-related manufacturing technologies and Optical MEMS (including micromirrors, micro-displays, autofocus and IR micro-bolometers) applications within the company. Eric has also developed a unique cost modeling tool, called “MEMSCoSim”, which is able to evaluate the cost of MEMS module manufacturing. Contact: mounier@yole.fr Dr. Guillaume Girardin Dr. Guillaume Girardin works as a Market & Technology Analyst for MEMS devices and technologies at Yole Développement. Guillaume holds a Ph.D. In Physics and Nanotechnology from Claude Bernard University Lyon I and a M.Sc. in Technology and Innovation Management from EM Lyon - School of Business. Contact: girardin@yole.fr
  4. 4. © 2014• 4 Yole Développement Copyrights 2014 – MEMS Report Companies Listed in this Report ACOEM, AdvanticSys, Amazon, Apple, AT&T, Atmel, Ayla Networks, AVAGO Technologies, Blackberry, BOSCH, BLUECHIIP, Cambridge CMOS Sensors, CEA Liten, China Mobile, Cisco, DataVeyes, DG Logik, DISCERA, Enfucell, EnOcean, EPCOS, FitBit, Flutura, Fraunhofer Institute, FREESCALE Semiconductor, GE, Georgia Institute of Technology, Google, HEWLETT PACKARD, Hillcrest Labs, HITACHI, Honeywell, HTC, IBM, Infomotion Sports Technologies, ioBridge, INTEL, Intellisense.io, InterSoft, INVENSENSE, Jabra, Jasper Wireless, Jawbone, Kionix, Kistler, KNOWLES Electronics, Koubachi, KTH, KwikSet, KWJ Engineering, Lenovo, Lightning Switch, Lime Microsystems, LogBar Inc., LumoBack, M2M Cyber Security, M2Mi, MC10 Inc., Marlow Industries, MEMSIC, Micropelt, Misfit, MURATA, MYO, Navisens, Nest, Netatmo, Newco, Nike, Nintendo, Nokia, NXP Semiconductors, OnFarm Systems, Optoi MicroElectronics, Oracle, Pebble, Purdue University, Rosemount, Samsung, SemTech, Sensaris, Sensata, Sensirion, Sensonor, SensorSuite, Sharp, Si Time, SiLabs, SmartThings, Sony, STMicroelectronics, Synkera Technologies, TeledyneDALSA, Texas Instruments, ThinFilm Electronics, TriQuint, Tronics MicroSystems, TSMC, Variable Technologies, UCLA, University of Harvard, VitalConnect, VTT MEMS, WiSpry, Withings, X-Fab MEMS Foundry, Xymox technologies Inc.
  5. 5. © 2014• 5 Yole Développement Copyrights 2014 – MEMS Report Key Features • The objectives of this report is to provide: – Understanding of IoT value chain structure (device, data cloud), application areas and technologies involved – Technology trends and evolution of IoT device in the coming years – Market forecast for IoT devices in Munits and $M for 2014 – 2024, with a focus on sensors – IoT applications and examples overview (building automation, transportation, healthcare, industry, etc.) with a focus on wearable electronics – The technological challenges faced by IoT devices, with a focus on wireless, energy, power, RF and sensing modules
  6. 6. © 2014• 6 Yole Développement Copyrights 2014 – MEMS Report Who Should Be Interested in this Report ? • R&D, Components Manufacturers Companies – Evaluate market potential of future IoT technologies and products for new applicative markets – Spot new opportunities and define diversification strategies – Position your company in the ever changing IoT market structure • OEMs & Integrator Companies – To evaluate benefits of integrating sensors in IoT devices – Get the list of key players and emerging start-ups in this industry • Cloud & Telecommunications Companies – Understand the evolution of IoT devices and the market structure – Understand the differentiated value of products and services in this market – Identify new business opportunities and prospects • Financial & Strategic Investors – Understand the potential of incoming Internet of Things revolution – Get the list of key players and emerging start-ups in this industry
  7. 7. © 2014• 7 Yole Développement Copyrights 2014 – MEMS Report Report Scope • Yole’s definition of the Internet of Things is as follows: – Internet of Things devices is the aggregation of all the sensing modules that are linked to the Cloud – either directly or through a gateway – and which data is processed and valorized in any manner (through selling to a third party, through monitoring of a piece of equipment, etc.). • This report looks at the Internet of Things market in general, but with a strong focus on sensing modules. We do not detail the cloud computing industry nor the data processing services. • We do not include in our valorizations the benefit brought by IoT solutions through productivity gains. The values estimated are from hardware, cloud computing processing services and data processing services charging.
  8. 8. © 2014• 8 Yole Développement Copyrights 2014 – MEMS Report Information Flux Information Flux HUB / Gateway Data Hardware Cloud Cloud Companies IoT Global Market Structure (1/3) Service Companies Third Party Statistics Targeted Ads IoT Market structure Wireless Sensor Module Wireless Sensor Module Wireless Sensor Module Connected Devices
  9. 9. © 2014• 9 Yole Développement Copyrights 2014 – MEMS Report Area Of Application Industrial Retail& Logistics Healthcare & Life Science Environment Security & Public Safety Building Automation Consumer & Home automation Transportation
  10. 10. © 2014• 10 Yole Développement Copyrights 2014 – MEMS Report Summary of Technologies of IoT Markets and Sensors • Here are the main applications of IoT devices and sensors associated with. Legend: Healthcare & Life scienceBuilding Automation TransportationConsumer & Home automation THE INTERNET OF THINGS OFSENSORS Industrial Retail & LogisticsEnvironment Security & Public Safety Pressure Temperature Chemical Light (IR, X-Ray) Bio Sensors Inertial Light (IR, visible) Temperature Chemical (CO2) Accelero Contact Gyroscope Accelero Magneto Pressure Temperature Chemical Gyroscope Accelero Magneto Chemical Pressure Temperature Pressure Light (IR,Optical) Chemical Temperature Hall Effect Accelero Chemical Temperature Light (IR, visible) Pressure Humidity Gyro Accelero Magneto Chemical Light (IR,XRay,THz) Light (IR/Optical) Pressure Temperature Chemical Magneto Sensor Level of demand
  11. 11. © 2014• 11 Yole Développement Copyrights 2014 – MEMS Report IoT Wireless Sensors Map • Accelerometers • Magnetometers • Gyroscopes • Acoustic Sensors • Pressure Sensors • Humidity Sensors • Temperature Sensors • Proximity Sensors • Image Sensors • Light Sensors • Gas RFID Sensors • Micro Flow Sensors SENSING MODULE • Signal Processing Unit • Wifi • ZigBee • Bluetooth LE • Radio Transceiver • Duplexer • BAW RF MODULE • Li-Ion battery • AAA/AA Batteries • Energy Harvesting ENERGY STORAGE MODULE • Ultra-capacitors • Microbatteries • PMU POWER MANAGEMENT MODULE
  12. 12. © 2014• 12 Yole Développement Copyrights 2014 – MEMS Report Solution Price IoT Roadmap Solution Price per sensor module $2000 $250 $50 $5 $0.5 $0.05 Today 2016 2018 2020 2024 2024+ Sensors' swarm - Michigan Micro-Mote Source: University of Michigan $1 Rosemount 3051C Smart Pressure Transmitter Source: Rosemount NEST Smart Thermostat (current price: $250) Source: NEST Multiple temperature sensors for home automation (current price: $75) Source: EnOcean MEMS-based chemical sensing Source: Optoi Microelectronics Batch-level RFID Temperature Sensor Tags (current price: $ range) Source: ThinFilm Electronics Item-level RFID sensor tags Fitness Activity Tracker (current price: $130) Source: Jawbone
  13. 13. © 2014• 13 Yole Développement Copyrights 2014 – MEMS Report Summary of Technologies of IoT Forecast : Hardware Market Value by Application Domain Cloud 2018 $70B 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 CAGR Total Value Market ($M) 9,458 17,895 34,426 58,295 69,995 67,200 54,555 54,785 47,005 43,172 46,338 42% Environment - - 15 50 80 175 280 300 400 700 1,290 124% Security & Public Safety - - - - 60 100 45 225 525 1,050 1,785 113% Retail & Logistics - - 38 188 368 1,025 1,203 3,100 3,000 5,400 6,210 139% Industrial 3,420 4,320 5,580 6,885 11,226 10,725 9,150 9,135 8,290 7,632 7,983 32% Healthcare & Life Science - - 19 113 346 773 1,338 2,455 3,420 4,620 6,330 165% Consumer & Home Automation 5,938 13,125 27,575 48,075 52,975 45,045 31,390 26,870 20,720 13,920 12,560 29% Building Automation 100 450 1,200 2,985 4,940 9,335 11,060 12,250 9,300 7,600 7,270 80% Automotive - - - - - 23 90 450 1,350 2,250 2,910 140% - 10,000 20,000 30,000 40,000 50,000 60,000 70,000 MarketValue($M) Market Value by Domains of Applications ($M)
  14. 14. © 2014• 14 Yole Développement Copyrights 2014 – MEMS Report Wearable Electronic Market Head-Wear Helmet Smart Glasses Neck-Wear Jewelry Collars Arm-Wear Smart watches Wristband Ring Body-Wear Clothing Back/Spine Foot-Wear Shoes Socks Google Glass Myo Ring Smart Watch Shine LumoBack • The global wearable electronics market can be segmented in 5 categories. Head-Wear category includes helmet product and vision aid. There’s also a category of products for neck-wear, with collars and necklace products that cover up electronics with jewels. Arm-Wear category is the most burgeoning category with multiples devices expected wristband, smart watches, ring, armband, etc. Body-Wear products include smart clothing, and devices monitoring back/spine position. And the last category concerns foot-wear. Wearable Electronic Market Segmentation: Arm-Wear market is one of the most promising market and many actors are targeting it.
  15. 15. © 2014• 15 Yole Développement Copyrights 2014 – MEMS Report Wearable Electronic A new opportunity for sensor fusion / processing • Wearable electronics is a new big opportunity for sensors – Fitness / activity monitoring, healthcare, sports applications – In many cases the sensor acts as a hub • Basic calculations can be done at the device level • After transmission (enabled by low energy Bluetooth) : advanced software / fusion can be done by the smartphone – Bellow are many examples of such developments: I’m watch (2012) • Integrates accelerometer + magnetometer Pebble Watch (0,4 MUnits sold in 2013)  Features STMicroelectronics accelerometer Moto 360 by Motorola (End 2014) • Other connected watches are currently in development by major OEMs (LG G Watch, rumors about Apple iWatch…)
  16. 16. © 2014• 16 Yole Développement Copyrights 2014 – MEMS Report Wearable Electronic / Connected Devices Examples of new devices (2/4) NodeKore from Variable Technologies BodyMedia (Acquired by Jawbone in 2013) • Integrates MEMS accelerometer (from Kionix and STMicroelectronics) in its systems for fitness application • We note that no gyroscopes are used presently. This would enable more precise monitoring and new sport applications, however power consumption would be too high. It could be part of larger systems in the future. Jawbone Up24 MYO by ThalmicLabs • Proprietary EMG muscle activity sensors • Nine-axis IMU containing: - three-axis gyroscope - three-axis accelerometer - three-axis magnetometer Cell Phone as a Hub
  17. 17. © 2014• 17 Yole Développement Copyrights 2014 – MEMS Report Available MEMS Reports MEMS Cosim+ MEMS Manufacturing Cost Simulation Tool Ferro-Electric Thin Films Inertial MEMS Manufacturing Trends 2014 Thin Wafer Handling Technology Trends for Inertials MEMS RF Filters, PAs, Antenna Switches & Tunability for Cellular Handsets Trends in MEMS Manufacturing & Packaging Ferro-Electric Thin Films Motion Sensors for Consumer & Mobile applications Uncooled Infrared Imaging Techology & Market Trends IMU & Gyro for Defense, Aerospace & Industrial Status of the CMOS Image Sensors New!New! Sensor fusion of acceleros, gyros & magnetometers Infrared Detectors Technology & Market Trends New! New! MEMS Front-End Manufacturing Trends MEMS for Cell Phones and Tablets MEMS Pressure Sensor Status of the MEMS Industry New! New! Emerging MEMS New! New!
  18. 18. © 2014• 18 Yole Développement Copyrights 2014 – MEMS Report Yole activities in MEMS www.yolefinance.com YOLE FINANCE M&A/ Due Diligence/ Fundraising/ Technology brokerage PARTNERS CONSULTING Market research/Technology & Strategy/Patent Investigation/ Reverse costing www.yole.fr MEDIA News portal/Technology magazines/ Webcasts/Communication services REPORTS Market & technology/Patent Investigation/Reverse costing Status of the MEMS Industry
  19. 19. © 2014• 19 Yole Développement Copyrights 2014 – MEMS Report Our Offices & Contact Information Japan Office • For custom research: Yutaka Katano, General Manager, Yole Japan & President, Yole K.K. Phone: (81) 362 693 457 - Cell : (81) 80 3440 6466 - Fax: (81) 362 693 448 - Email: katano@yole.fr • For reports business: Takashi Onozawa, Sales Asia & General Manager, Yole K.K. Email: onozawa@yole,fr European and North America Office • Jean-Christophe Eloy, Email : eloy@yole.fr • Yole Développement Headquarter, France: David Jourdan, Sales Coordination & Customer Service, Tel: +33 472 83 01 90, Email: jourdan@yole.fr Korea Office • Hailey Yang, Business Development Manager, Phone : (82) 2 2010 883 - Cell: (82) 10 4097 5810 - Fax: (82) 2 2010 8899 – Email: yang@yole.fr
  20. 20. © 2014• 20 Yole Développement Copyrights 2014 – MEMS Report For More Information… Take a look at our websites www.yole.fr Yole Développement corporate website www.i-micronews.com News Portal - online free registration to our publications www.systemplus.fr Sister company expert in teardown & reverse costing analysis www.yolefinance.com Separate business unit of Yole dedicated to financial services Follow us on
  21. 21. IoT devices offer huge potential for electronic component manufacturers, but this is clearly not where the value will stop. Most of the added value in IoT solutions will come from the processing of the generated data. In fact, the ratio between electronic components and data processing can reach 1:50 in certain long-term cases! This is easily understandable, since the main purpose of the IoT is to make sensing ubiquitous at a very low cost, resulting in extremely strong price pressure on electronic component manufacturers. Nevertheless, the next five years will be extremely fruitful for device makers; the market should reach $70B by 2018, before decreasing. This period represents a key window in which manufacturers must seize the opportunity to grab a piece of the IoT business pie. The IoT is a multi-billion dollar market emerging from several different markets (i.e. industrial sensors, wearable electronics and home automation) which will see strong convergence in the next five years. Three industrial and service sectors will be integral to the valorization of this new market: • The electronics industry, which will manufacture the sensing devices • The communication and cloud data storage industry, which will handle data transmission, storage and processing • Service companies, which will valorize the data either through processing or by selling to a third party Some companies have already started positioning themselves in these fields: for example, Oracle and Amazon are developing their cloud computing capabilities; Bosch Connected Devices and Solutions GmbH and STMicroelectronics have teams dedicated to the IoT; and Google and Facebook are continuously developing their data processing models while looking to acquire companies linked to data gathering. Of course, not all of them will be winners. The short-term opportunity lies in the electronics industry. Indeed, very strong price pressure is expected for IoT devices, and strong volumes are expected but at very low cost. Even though the general electronics market will experience strong growth, it will be through decreased costs, increased manufacturing capabilities and reduced margins. This trend has already been seen in the MEMS field over the past few years, and will repeat itself in the future. The same is to be expected for the cloud computing industry. Large investments in terms of data storage will be needed, but strong price pressure is expected, and an overall low value will be attributed to the physical data. Actually, the war on price has already begun between the major cloud computing companies, which are cutting data storage prices while growing their capabilities. Meanwhile, on the data processing side, more and more information will be available, and at low cost. The more data, the higher the value, and all of this with low overall infrastructural investment. Service companies will be the big winners in this field. In Internet of Things Technologies & Sensors for the Internet of Things: Businesses & Market Trends 2014-2024 FROM $9.5B IN 2014 TO $46B IN 2024, THE IOT DEVICE MARKET WILL REPRESENT CLOSE TO 15% OF ALL DATA PROCESSING Market & Technology Report REPORT OUTLINE • Title: Technologies & Sensors for the Internet of Things • June 2014 • Market & Technology Report • PDF file • €5,990 - Multi user license (270+ slides) • €3,990 - One user license (270+ slides) KEY FEATURES OF THE REPORT • Understanding of IoT value chain structure (device, cloud, data), application areas and technologies involved. • Technology trends and evolution of IoT devices in the coming years. • Market forecasts for IoT devices in Munits and $M for 2014-2024, with a focus on sensors. • IoT applications and examples overview (building automation, transportation, healthcare, industry, etc.) with a focus on wearable electronics. • The technological challenges faced by IoT devices, with a focus on wireless, energy, power, RF and sensing modules. RELATED REPORTS • Silicon Photonics Market & Technologies • Emerging MEMS • MEMS & Sensors for Mobile Phones and Tablets • EnOcean PTM210 Self-Powered Push Button Transmitter Module Find all our reports on www.i-micronews.com Repartition of value in market structure (Yole Développement, June 2014) The Internet of Things (IoT) provides big opportunities for technologies. The device business will reach $46B in 2024, contributing to a total IoT market of $400B. Cloud $400B 2014 Marketvalue($B) 300 200 100 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 CAGR Cloud $400B 2014 Marketvalue($B) 300 200 100 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 CAGR
  22. 22. Technologies & Sensors for the Internet of Things THE INTERNET OF THINGS’ TECHNOLOGICAL EVOLUTION: IT’S ALL ABOUT HETEROGENEOUS INTEGRATION AT DEVICE AND MODULE LEVELS FROM HARDWARE TO CLOUD TO DATA PROCESSING: WHERE WILL THE IOT’S VALUE FLOW? The Internet of Things roadmap General IoT market structure & forecast (Yole Développement, June 2014) (Yole Développement, June 2014) order to secure some of this value, hardware and cloud companies will have no choice but to try and integrate themselves vertically in order to valorize themselves and the data they’ll be responsible for! As an example, we expect the overall IoT market to reach $400B in 2024, with $46B coming from hardware, $59B from the cloud and $296B from data processing. This report provides a detailed analysis of applications, business models and technical challenges in order to understand the IoT market’s potential. The array of technologies available – and soon to be available – is immense. Nevertheless, the evolution of sensing modules for the IoT will follow a predefined trend that can be summarized in a series of seven product generations, including large industrial smart sensors, an advanced generation of sensors, and polytronics. These generations are detailed in Yole Développement’s report, but a few examples are described below: • One of these generations, already being seen today, is actually the first generation of sensing modules dedicated to IoT application. These devices represent the integration of off-the-shelf electronic components in a single package in order to offer new functionality. Not much effort has yet been given to integration, as the main focus has been on bringing a new function to market. Today, examples of such devices are numerous; some, such as the Nest (now Google) smart thermostat, find market interest and success - while others, i.e. “smart forks”, “smart sprinklers” and other “smart” devices, don’t. Other devices are addressing domains such as wearable electronics and home & building automation. For these devices, we expect a market volume of 200M units by 2017, representing a market potential of $83B. • One example of a future sensing generation is integrated sensors, which are expected for 2020 and which will be the one to democratize IoT. Its general description is “the integration of IoT-dedicated electronic components” – meaning very small, very low-cost, very low-power consumption components like MEMS-based sensors. The essence of such devices is to be low cost and thus ideal for high-volume applications, with low- power wireless protocols, ultra-low power electronics. One example of such a device is the integration of a hazardous chemicals sensor in an industrial worker’s gear. Another example is the integration of connected condition-monitoring sensors in a car engine. We expect a market volume of 2B units for these devices by 2021, representing a market potential of $107B. This report provides a detailed analysis of these generations and the technical and market challenges they must overcome before reaching the market. Yole Développement’s analysis shows how these challenges can be defeated in order to strengthen market growth. The Internet of Things is a mix of hardware, cloud and data processing; a generic concept encompassing a wide variety of applications that belong to numerous domains. For Yole Développement, the IoT is defined as the aggregation of all the sensing modules which are linked to the Cloud – either directly or through a gateway – and with which data is processed and valorized in any manner (selling to a third party, monitoring a piece of equipment, etc.). We focused on the analysis of technical characteristics of IoT devices such as the nature of the electronic components to use, the corresponding RF protocols, device power consumption, etc.; as well as economic characteristics, especially regarding the IoT’s value, and where market potential lies. Integrated IoT sensors Polytronics Systems Printed Electronics Large Industrial Smart Sensors First generation of IoT sensors Advanced Generation of IoT Sensors Sensors‘ swarm IoT sensing modules mandatory characteristics RF transmission protocol Other main challenges Other main challenges IEEE 802.15.4 based IPv6 protocols (6LoWPAN) Polytronics & Printed electronics maturation Security and privacy of data Clear definition of the market tractions Very low power electronics and sensors multiplicity Standardized low power protocols (ZigBee,WirelessHART, Bluetooth LE) Standardized common protocol (Bluetooth, Wi-Fi) Proprietary industrial protocols $0.05 $0.25 $0.5 $5 $50 $250 $2000 Today 2016 2018 2020 2022 2024 1 000 000 000 100 000 000 50 000 000 10 000 000 1 000 000 100 000 10 000 Annual Market Volumes per Specific Application cessing Hardware ud Data Market Value in IoT Structure ($M) Integrator Data Valorization IoT Market structure Marketvalue($M) 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 CAGR 350 000 300 000 250 000 200 000 150 000 100 000 50 000 0 Cloud Market Value in IoT Structure ($M) Marketvalue($M) 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 CAGR 70 000 60 000 50 000 40 000 30 000 20 000 10 000 0 Hardware Market Value in IoT Structure ($M) Marketvalue($M) 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 CAGR 80 000 70 000 60 000 50 000 40 000 30 000 20 000 10 000 0 Hardware Integrator n IoT Market structure Hardware Market Value in IoT Structure ($M) Marketvalue($M) 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 CAGR 80 000 70 000 60 000 50 000 40 000 30 000 20 000 10 000 0 ssing Hardware d Data Market Value in IoT Structure ($M) Integrator Data Valorization IoT Market structure Marketvalue($M) 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 CAGR 350 000 300 000 250 000 200 000 150 000 100 000 50 000 0 Cloud Market Value in IoT Structure ($M) Marketvalue($M) 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 CAGR 70 000 60 000 50 000 40 000 30 000 20 000 10 000 0 Hardware Market Value in IoT Structure ($M) Marketvalue($M) 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 CAGR 80 000 70 000 60 000 50 000 40 000 30 000 20 000 10 000 0 Hardware Integrator Hardware Market Value in IoT Structure ($M) Marketvalue($M) 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 CAGR 80 000 70 000 60 000 50 000 40 000 30 000 20 000 10 000 0 sing HardwareData Market Value in IoT Structure ($M) Integrator Data Valorization IoT Market structure Marketvalue($M) 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 CAGR 350 000 300 000 250 000 200 000 150 000 100 000 50 000 0 Cloud Market Value in IoT Structure ($M) Marketvalue($M) 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 CAGR 70 000 60 000 50 000 40 000 30 000 20 000 10 000 0 Hardware Market Value in IoT Structure ($M) Marketvalue($M) 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 CAGR 80 000 70 000 60 000 50 000 40 000 30 000 20 000 10 000 0 Data Processing Hardware Cloud Data Market Value in IoT Structure ($M) Integrator Data Valorization IoT Market structure Marketvalue($M) 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 CAGR 350 000 300 000 250 000 200 000 150 000 100 000 50 000 0 Cloud Market Value in IoT Structure ($M) Marketvalue($M) 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 CAGR 70 000 60 000 50 000 40 000 30 000 20 000 10 000 0 Hardware Market Value in IoT Structure ($M) Marketvalue($M) 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 CAGR 80 000 70 000 60 000 50 000 40 000 30 000 20 000 10 000 0 Data Processing Hardware Cloud Data Market Value in IoT Structure ($M) Integrator Data Valorization IoT Market structure Marketvalue($M) 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 CAGR 350 000 300 000 250 000 200 000 150 000 100 000 50 000 0 Cloud Market Value in IoT Structure ($M) Marketvalue($M) 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 CAGR 70 000 60 000 50 000 40 000 30 000 20 000 10 000 0 Hardware Market Value in IoT Structure ($M) Marketvalue($M) 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 CAGR 80 000 70 000 60 000 50 000 40 000 30 000 20 000 10 000 0
  23. 23. Market & Technology Report This report aims to provide: • An understanding of the IoT value chain structure (device, cloud, data), application areas and technologies involved • The future evolutionary trend of IoT device technology • A market forecast for IoT devices in Munits and $M for 2014-2024 • IoT applications & examples overview (building automation, transportation, healthcare, industrial...) • The technological challenges facing IoT devices OBJECTIVES OF THE REPORT Our roadmap is based on analysis of: • Current state-of-the-art electronics, and the large number of technologies in development. • The current technological evolution of wireless transmission regarding protocols & standards. • The recent discussions and actions pertaining to consumer privacy and data security. • Sensor multiplicity and integrated sensor developments. • Additional topics such as solutions costs, and where market traction comes from. Also, it’s still unclear which technological platform will be used, which data transmission protocols will be chosen, and which business model will be proven. Many applications are striving for the blue ribbon, but only the proven ones will drive volume. This report analyzes the strong challenges awaited regarding the identification of those applications which are expected to provide market volume, and those which are bound to fail. AUTHORS Dr. Eric Mounier has a PhD in microelectronics from the INPg in grenoble. he previously worked at CEA LETI R&D lab in grenoble, France in marketing dept. Since 1998 he is a co-founder of Yole Developpement, a market research company based in France. At Yole Developpement, Dr. Eric Mounier is in charge of market analysis for MEMS, equipment & material. he is Chief Editor of Micronews, and MEMS’Trends magazines (Magazine on MEMS Technologies & Markets). Antoine Bonnabel, works as market & Technology analyst for MEMS devices and technologies at Yole Développement. He holds a M.Sc. in microelectronics and microsystems from Grenoble Institute of Technologies and a M.Sc in marketing and business management from Grenoble Graduate School of Business. Dr. Guillaume Girardin works as Market & Technology Analyst for MEMS devices and technologies at Yole Développement. Guillaume holds a Ph.D. in Physics and Nanotechnology from Claude Bernard University Lyon I and a M.Sc. in Technology and Innovation Management from EM Lyon - School of Business. • Executive summary 7 • Introduction 29 Definition Report scope Sensors for IoT applications Structure of IoT IoT map device Seven generations of IoT sensors to appear 55 Description characteristics of: Industrial sensors – first generation – advanced generation – integrated IoT sensors – polytronics systems – sensors swarm – printed electronics IoT Generation Roadmap Market forecasts 2014-2024 84 Market structure value (in $M) Market value by application domain (in $M) Volume vorecasts (Munits) Cost breakdown per module (in $M) Market value per generation (in $M) Market volume per generation (Munits) IoT characteristics, challenges roadmap 104 Adapted price systems Form factor Low power consumption Protocols standards Privacy security Market traction Reliability lifespan Data to process IoT development examples 136 ACOEM eagle EnOcean push button NEST sensor Ninja blocks And more… Focus on wearable electronics 167 Technological analysis 184 Wireless sensor structure Energy storage module Power management module RF module Sensing module Conclusion 273 TABLE OF CONTENTS COMPANIES CITED IN THE REPORT (non-exhaustive list) ACOEM, AdvanticSys, Amazon, Apple, ATT, Atmel, Ayla Networks, AVAGO Technologies, BOSCH, BLUECHIIP, Cambridge CMOS Sensors, CEA Liten, China Mobile, Cisco, DataVeyes, DG Logik, DISCERA, Enfucell, EnOcean, EPCOS, FitBit, Flutura, Fraunhofer Institute, FREESCALE Semiconductor, GE, Georgia Institute of Technology, Google, HEWLETT PACKARD, Hillcrest Labs, HITACHI, Honeywell, HTC, IBM, Infomotion Sports Technologies, ioBridge, INTEL, Intellisense.io, InterSoft, INVENSENSE, Jabra, Jasper Wireless, Jawbone, Kionix, Kistler, KNOWLES Electronics, Koubachi, KTH, KwikSet, KWJ Engineering, Lenovo, Lightning Switch, Lime Microsystems, LogBar Inc., LumoBack, M2M Cyber Security, M2Mi, MC10 Inc., Marlow Industries, MEMSIC, Micropelt, Misfit, Motorola, MURATA, MYO, Navisens, Nest, Netatmo, Newco, Nike, Nintendo, Nokia, NXP Semiconductors, OnFarm Systems, Optoi MicroElectronics, Oracle, Pebble, Purdue University, Rosemount, Samsung, SemTech, Sensaris, Sensata, Sensirion, Sensonor...
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