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Declining price of IoT sensors means greater use in manufacturing by vlemon

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technology · @vlemon ·
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Declining price of IoT sensors means greater use in manufacturing 
### [Declining price of IoT sensors means greater use in manufacturing (SupplychainDive)](https://www.supplychaindive.com/news/declining-price-iot-sensors-manufacturing/564980/)

https://itsocial.fr/wp-content/uploads/2019/07/iStock-946094534-696x464.jpg

* According to Microsoft’s 2019 Manufacturing Trends report, **the average price for an IoT sensor has declined from US$1.30 in 2004 to US$0.44 in 2018.** 
* Microsoft estimates there will be 36.13bn connected IoT devices by 2021.

### Analysis and Comments
* Microsoft’s full report (published in January) can be found here and is well worth a glance – although it is obviously worth noting that the company stands to benefit from continued high growth in the IoT through hardware and cloud sales.  
* An interesting takeaway from the article rather than the report is that according to a survey by McKinsey from earlier this year, some companies have struggled to move IoT projects into to full-scale production, with **less than 30% of respondents having moved past a pilot phase**.
* While continued decline in sensor cost is obviously a plus in making use-cases cheaper for those wanting to experiment, investors are not sure how much of an impact a further decline in (already cheap) sensor tech will have on moving these projects past pilot stages.
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@andreseduar9 · 
It is a good resource for your products to have a lot of development in production, I think that the cost of the products should be balanced in terms of production
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@fredkese · 
They are in abundance now so Or ice will reduce, and if there's a market for it, you will get your profit by selling more

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@holovision · 
I think you forgot to link to the report where it states in your post: "can be found here".

If I had money to invest this is one of the areas I would invest in. Especially IoT sesnors for medical use. But I don't have lots of money so I guess I am stuck as an Arduino experimenter.
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@vlemon · 
Yes, I will put it back soon ^^. Thank you for the heads up.
I agree that it will grow but be careful of price pressure for sensors, it seems it is already a “commodity” and therefore big Chinese manufacturers will probably control the volumes .
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@taskmaster4450le · 
The declining price of all things under informational technology is what is speeding up the progress of things.  At each layer, we see a great deal of progress.  It all converges together for massive growth and expansion.

Give it another couple years and we will be amazed at the difference that is taking place.
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@vlemon · 
Amen 🙏 ! And this lower price will help adoption
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@tts · 
To listen to the audio version of this article click on the play image.
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