Comment on Sensor modules prove IoT darlings, rounding up billions

A new report reveals that investment in sensor modules is heating up the Internet of Things (IoT) space, with innovative sensor startups winning the bulk of that money. As reported by Smart Cities World, a new study by Lux Research examined the $4.3 billion in funding for sensor modules over the past decade. The report titled “Sensors Innovation: Analyzing Investment Trends Across the $4.3 Billion Spend” found investment in innovative sensors tripled in the past 10 years, with North America dominating. Investment in innovative sensors attracted a dominant 80% of the total, or $3.4 billion, which underscores the increasing importance of IoT technology. See also: Navigant sees four-fold sensor market growth through 2025 The increased investment in innovative sensors comes as this new technology is becoming integral to growth in such areas as smart cities, autonomous vehicles and wearables. “Innovative sensor start-ups will continue to attract large amounts of venture investment as the Internet of Things emerges as the next major phase in computing, following on the heels of the PC and mobile eras,” said report author Pallavi Madakasira. Total innovative sensor investment tripled in the past decade, attracting $486 million in funding in 2015.