IoT Sensors Market Report Reveals the Latest Trends and Growth Opportunities of this Market (2024)

“IoT Sensors Market was valued at US$ 9625.1 million in 2023 and is anticipated to reach US$ 31060 million by 2032, witnessing a CAGR of 18.0% during the forecast period 2024-2032.”

Number of Tables and Figures: 221

Number of Pages: 109

IoT Sensors Market - Competitive and Segmentation Analysis:

On the basis of product Type

Pressure Sensor, Environmental Sensor, Optical Sensor, Chemical Sensor, Motion Sensor, Others

On the basis of the end users/applications

Smart City, Connected Industry, Connected Building, Connected Car, Smart Energy, Connected Health, Smart Agriculture, Others

The Significant Players Covered in the IoT Sensors Market report are:

• Bosch
• Honeywell
• NXP
• Infineon
• Analog Devices
• Panasonic
• InvenSense
• TI
• Silicon Laboratories
• ABB
• STMicroelectronics
• TE Connectivity
• Huagong Tech
• Sensirion
• Zhonghang Electronic Measuring Instruments
• Vishay
• Hanwei Electronics
• Semtech
• Omron

Short Summery About IoT Sensors Market:

The Global IoT Sensors market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2032. In 2024, the market is growing at a steady rate [CAGR1] and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

An IoT sensor is a device that takes input from the physical environment and uses built-in compute resources to perform predefined functions upon detection of specific input and then process data before passing it on. IoT platforms function and deliver valorous kind of intelligence and data using a variety of sensors. They serve to collect data, pushing it and sharing it with a whole network of connected devices. All this collected data makes it possible for devices to autonomously function. By combining a set of sensors and a communication network, devices share information with one another and are improving their effectiveness and functionality.

The global IoT Sensors market was valued at US$ 9625.1 million in 2023 and is anticipated to reach US$ 31060 million by 2032, witnessing a CAGR of 18.0% during the forecast period 2024-2032. Geographically, Americas is the largest consumption country of IoT Sensors, with a revenue market share nearly 46% in 2020. The second region is Europe, with the market share of 35.11% in 2020. APAC is the fastest-growing region, especially China, which plays a more important role in the world. Currently, there are plenty of producing companies in the world. The top five IoT sensors producers are Pressure Sensor, Environmental Sensor, Optical Sensor, Chemical Sensor and Motion Sensor. Pressure Sensor Type is important in the market, with a consumption market share nearly 31.0% in 2020. IoT Sensors used in Smart City, Connected Industry, Connected Building, Connected Car, Smart Energy, Connected Health and Smart Agriculture. It was showed that 24.04% of the IoT Sensors market demand in Smart City in 2020. The majority of Smart City projects are located in Europe, while the Americas, particularly North America, are strong in Connected Health and Connected Car. The Asia Pacific region is particularly strong in the area of Smart Agriculture projects. IoT Sensors can be classified into Pressure Sensor, Environmental Sensor, Optical Sensor, Chemical Sensor, Motion Sensor and Others. Press sensor occupies nearly 31% of the market in 2019, which is the biggest number among all. This report aims to provide a comprehensive presentation of the global market for IoT Sensors, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding IoT Sensors.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of IoT Sensors in these regions, from 2018 to 2032, covering

• Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
• North America (United States, Canada and Mexico)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
• Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
• South America (Brazil, Argentina, Columbia etc.)

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