Building U.S. Ownership of IoT
The Internet of Things (IoT) promises a massive expansion of gadgets and sensors for a range of use from industrial to medical to personal. It will be a huge business, both in the number of smart devices created and the resulting explosion of data and IT processing.
Clearly, the largest market in the near-term is the United States. Smart sensors need an affluent society to be adopted in volume. Moreover, the US is gadget conscious, as demonstrated with Apple’s success. But there is a question. Where will all these sensors be made?
Standard logic would say that the cheapest point of high volume manufacturing will be the winner. That is long-hand for China, of course! This deserves a bit of scrutiny, though, since the business model more most of these sensors may not strictly follow the “high-volume” model. In fact, there is a good likelihood that this will be a market characterized by small-volume, semi-custom, or custom designs.