PUBLISHER: The Business Research Company | PRODUCT CODE: 1713341
PUBLISHER: The Business Research Company | PRODUCT CODE: 1713341
The Internet of Things (IoT) refers to a network of interconnected smart devices, which can include mechanical and digital machines, objects, animals, or people. These devices are equipped with unique identifiers (UIDs) and have the capability to transmit data across a network without requiring direct human-to-human or human-to-computer interaction. IoT sensors find applications in diverse sectors, including healthcare, automotive, transportation, manufacturing, and various other industrial domains.
There are several types of IoT sensors, including temperature sensors, pressure sensors, humidity sensors, flow sensors, accelerometers, magnetometers, gyroscopes, inertial sensors, image sensors, and others. For instance, temperature sensors are used to monitor and automatically log the temperature of a ship. IoT sensors are employed across a wide range of areas, such as building automation, industrial applications, automotive applications, healthcare applications, retail and logistics applications, security applications, agriculture applications, and various other fields. These sensors are notably utilized in healthcare, automotive and transportation, manufacturing and industrial processes, and other applications.
The IoT sensors market research report is one of a series of new reports from The Business Research Company that provides IoT sensors market statistics, including IoT sensors industry global market size, regional shares, competitors with a IoT sensors market share, detailed IoT sensors market segments, market trends and opportunities, and any further data you may need to thrive in the IoT sensors industry. This IoT sensors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The IoT sensors market size has grown exponentially in recent years. It will grow from $12.21 billion in 2024 to $15.62 billion in 2025 at a compound annual growth rate (CAGR) of 28.0%. The growth in the historic period can be attributed to connectivity advancements, data analytics and big data, cost reduction, smart cities and infrastructure, industrial iot (iiot).
The IoT sensors market size is expected to see rapid growth in the next few years. It will grow to $32.34 billion in 2029 at a compound annual growth rate (CAGR) of 20.0%. The growth in the forecast period can be attributed to 5g connectivity, edge computing, ai and machine learning, security and privacy, energy harvesting. Major trends in the forecast period include miniaturization, multi-sensor integration, iot sensor ecosystems, environmental and sustainability monitoring, healthcare and wearable sensors.
The application of IoT in the automotive and transport sectors is a key factor driving the growth of the IoT sensors market. The integration of IoT in the automotive industry has ushered in new opportunities for both manufacturers and consumers globally. IoT has emerged as a prominent platform for multifaceted applications in the automotive sector, presenting enhanced communication, control, and efficient data delivery across transportation networks. Major industry players such as Mercedes-Benz, Volkswagen, Volvo, Toyota, and Google Inc. are investing increasingly in the development of smart cars, offering advanced features that promise healthier, more convenient, and enjoyable driving experiences. According to NASDAQ projections, driverless vehicles are anticipated to dominate the industry by 2030, underscoring the significance of IoT in the automotive and transport sectors in driving the growth of the IoT sensors market.
The amplified use of IoT devices is foreseen to significantly contribute to the expansion of the IoT sensors market. IoT devices, encompassing non-standard computing hardware like sensors, actuators, and machines, form wireless connections to networks, allowing data transmission over the internet or other networks. Integral to IoT devices, IoT sensors play a critical role in capturing data by detecting environmental changes. For instance, according to IoT Analytics GmbH, global IoT connections saw an 18% surge in 2022, amounting to a total of 14.3 billion active IoT devices. Hence, the escalating use of IoT devices will be a driving force behind the growth of the IoT sensors market.
Major companies in the IoT sensors market are focusing on developing XENSIV sensors to improve precision, efficiency, and intelligence in IoT applications. XENSIV sensors are designed to offer high accuracy, power efficiency, and scalable functionality, meeting the needs of sectors such as smart homes, industrial automation, and automotive. For example, in November 2022, Infineon Technologies, a Germany-based semiconductor manufacturing company, launched the XENSIV-connected sensor kit. This platform integrates various sensors, microcontrollers, and secure connectivity to simplify the development process for hardware and software engineers. The kit utilizes Infineon's XENSIV sensors along with the PSoC 6 microcontroller, offering features such as quick data visualization and compatibility with popular cloud services like AWS IoT Core. It includes environmental sensor variants for measuring carbon dioxide levels and presence detection, making it ideal for smart home applications.
Major corporations in the IoT sensors market are focusing on innovation to introduce new products like the New Bluetooth SoC and MCU, aimed at augmenting their market profitability. These Bluetooth SoCs and MCUs are tailored for the tiniest IoT devices, with dimensions ranging from as small as 2 mm2 to 5 mm2. As an illustration, in March 2023, Silicon Labs, a US-based semiconductor manufacturer, announced the release of the New Bluetooth SoC and MCU. The xG27 SoC family includes the BG27 and the BG27+ integrated circuits. Simultaneously, the BB50 MCU is an 8-bit microcontroller.
In January 2023, Semtech Corporation, a U.S.-based semiconductor manufacturing company, acquired Sierra Wireless for $1.2 billion. This merger combines Semtech's LoRa technology, renowned for its ultra-low power consumption, with Sierra Wireless's expertise in cellular IoT solutions. The integration aims to create a comprehensive cloud-to-chip platform that enhances connectivity solutions across a variety of IoT applications. Sierra Wireless, a Canada-based company, specializes in providing IoT modules that seamlessly integrate with sensors, enabling efficient data transmission from these devices to cloud platforms.
Major companies operating in the iot sensors market include Texas Instruments, TE Connectivity, NXP Semiconductors, STMicroelectronics, TDK Corporation, Honeywell, Sensata Technologies, Broadcom, Bosch Sensortec, Analog Devices, Siemens, General Electric, Robert Bosch GmbH, Monnit, Murata Manufacturing, Sensirion, Silicon Laboratories, Asea Brown Boveri Limited, Schneider Electric SE, Qualcomm Technologies, Inc., International Business Machines, CANON MEDICAL SYSTEMS CORPORATION, Skyworks Solution Inc., Sierra Wireless, Moxa Inc, SmartThings, Libelium, Infineon Technologies, Parametric Technology Corporation, Intel, Omron, Cisco, Oracle, MongoDB, GE Digital, ARM IoT Security Company, Vention, Altoros, Oxagile, Innowise Group, Style Lab IoT Software Company, HQ Software Industrial IoT Company, ScienceSoft, DICEUS, Huawei
Asia-Pacific was the largest region in the IoT sensors market in 2024. North America was the second-largest region in the IoT sensors market. The regions covered in the iot sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the iot sensors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada
The internet of things (IoT) sensors market consists of sales of temperature sensors, pressure sensors, humidity sensors, flow sensors, accelerometers, magnetometers, gyroscopes, and other internet of things (IoT) sensors. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
IOT Sensors Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on iot sensors market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for iot sensors ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The iot sensors market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.