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IoT Sensors Market by Sensor Type (Pressure, Temperature, Humidity, Image, Inertial, Gyroscope, Touch), Network Technology (Wired and Wireless), Vertical (Commercial IoT and Industrial IoT) and Region - Forecast to 2029

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  • 262 Pages
  • February 2024
  • Region: Global
  • Markets and Markets
  • ID: 5305450
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Description Jump to:
IoT sensors market size is valued at USD 16.0 billion in 2024 and is anticipated to be USD 70.1 billion by 2029; growing at a CAGR of 34.4% from 2024 to 2029. IoT offers an exponential growth opportunity for organizations and businesses to adapt to technological trends and innovations. To realize the full potential of IoT and to become successful in the IoT market, cross-domain collaborations and new business models are of utmost importance.

Gyroscopes is expected to grow with highest CAGR in terms of sensors type during the forecast period

Gyroscopes are used to measure angular velocity. They are mainly used in 3D mouse, game, and athlete training applications. Gyroscopes come in various classes, such as ring laser gyro and fiber-optic gyro. These are reliable sensors that provide accurate information about the product. These sensors are important tools in portable instruments as they allow device motion tracking, independent of GPS or other external location measurements. Gyroscopes are more frugal with respect to power consumption than accelerometers.

Wired network technology to account for significant market size in 2023

Wired network technology is a base to install, troubleshoot, and configure computer operating systems. The network technology works on bus, star, token ring, and mesh topologies. The networks can be characterized based on the distance into local area networks (LANs), metropolitan area networks (MANs), and wide area networks (WANs). The network technologies can also be connected to IoT without using 3G or Wi-Fi and instead by using LoRaWAN, which offers advantages including long-range and low power consumption.

The IoT sensors market in North America to have second largest market size during the forecast period

Companies in North America are enhancing their production activities and widening their distribution networks by incorporating new technologies into their operations. Manufacturers of IoT sensors have been enabled to automate their processes, along with ensuring minimal errors and high-quality production. Some of the leading players in the IoT sensors market in North America are Texas Instruments (US), Broadcom (US), Analog Devices (US), and SmartThings (US).

The breakup of primaries conducted during the study is depicted below:

  • By Company Type: Tier 1 - 15%, Tier 2 - 50%, and Tier 3 - 35%
  • By Designation: C-Level Executives - 40%, Directors - 35%, and Others - 25%
  • By Region: North America - 45%, Europe - 35%, Asia Pacific - 12%, South America - 3% and Middle East and Africa - 5%
The key players operating in the IoT sensors market are Texas Instruments (US), TE Connectivity (Switzerland), Broadcom (US), NXP Semiconductors (Netherlands), STMicroelectronics NV (Switzerland), Bosch Sensortec (Germany), TDK Corporation (Japan), Infineon Technologies (Germany), Analog Devices (US), Omron Corporation (Japan), Sensirion (Switzerland), Honeywell International (US), Siemens AG (Germany), Knowles Corporation (US), ABB Ltd. (Switzerland), Sensata Technologies (US), Emerson Electric Co. (US), Teledyne Technologies (US), SmartThings Inc. (US), Monnit Corporation (US), Murata Manufacturing Co., (Japan), Figaro Engineering Inc. (Japan), Trafag AG (Switzerland), NIDEC COPAL ELECTRONICS (Japan), and KITA SENSOR TECH. CO., LTD. (Taiwan).

The report defines, describes, and forecasts the IoT sensors market based on sensors type, network technology, vertical and region. It provides detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the IoT sensors market. It also analyzes competitive developments such as product launches, acquisitions, expansion contracts, partnerships and actions carried out by the key players to grow the market.

Reasons to Buy This Report

The report will help the market leaders/new entrants in the market with information on the closest approximations of the revenue for the overall IoT sensors market and the subsegments. The report will help stakeholders understand the competitive landscape and gain more insight to position their business better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market's pulse and provides information on key drivers, restraints, opportunities, and challenges.

The report will provide insights into the following pointers:

  • Analysis of key drivers (Increasing use of sensors in IoT applications), restraints (Data security concerns), opportunities (Favorable government initiatives and funds for IoT projects), and challenges (Shortage of technical know how)
  • Product development /Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the IoT sensors market.
  • Market Development: Comprehensive information about lucrative markets; the report analyses the IoT sensors market across various regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the IoT sensors market.
  • Competitive Assessment: In-depth assessment of market share, growth strategies, and services, offering of leading players Texas Instruments (US), TE Connectivity (Switzerland), Broadcom (US), NXP Semiconductors (Netherlands), STMicroelectronics NV (Switzerland), among others in IoT sensors market.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
Figure 1 Market Segmentation
1.3.2 Regional Scope
1.3.3 Years Considered
1.4 Inclusions and Exclusions
1.5 Currency Considered
1.6 Stakeholders
1.7 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 2 Research Process Flow
Figure 3 Research Design
2.1.1 Secondary and Primary Research
2.1.1.1 Key Industry Insights
2.1.2 Secondary Data
2.1.2.1 List of Key Secondary Sources
2.1.2.2 Key Data from Secondary Sources
2.1.3 Primary Data
2.1.3.1 Breakdown of Primary Interviews
2.1.3.2 Key Data from Primary Sources
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach to Arrive at Market Size Using Bottom-Up Analysis (Demand Side)
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach to Arrive at Market Size Using Top-Down Analysis (Supply Side)
Figure 5 Market Size Estimation Methodology: Top-Down Approach
2.3 Data Triangulation
Figure 6 Data Triangulation
2.4 Research Assumptions
2.5 Research Limitations
2.6 Risk Assessment
2.7 Recession Impact Analysis
Figure 7 Impact of Recession on IoT Sensors Market, 2020-2029 (USD Million)
2.7.1 Parameters to Analyze Recession Impact
3 Executive Summary
Figure 8 Pressure Sensors to Lead Market During Forecast Period
Figure 9 Wireless Network Technology to Dominate Market During Forecast Period
Figure 10 Commercial IoT to Hold Largest Market Share During Forecast Period
Figure 11 Asia-Pacific to Account for Largest Market Share During Forecast Period
4 Premium Insights
4.1 Attractive Opportunities for Players in IoT Sensors Market
Figure 12 Increasing Adoption of Consumer Electronics to Drive Market
4.2 IoT Sensors Market, by Sensor Type
Figure 13 Pressure Sensors to Register Highest Growth During Forecast Period
4.3 IoT Sensors Market, by Network Technology
Figure 14 Wireless Segment to Have Largest Market Share During Forecast Period
4.4 IoT Sensors Market, by Vertical
Figure 15 Commercial IoT to Display Highest Growth During Forecast Period
4.5 IoT Sensors Market, by Country
Figure 16 China to Grow at Highest CAGR During Forecast Period
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 17 IoT Sensors Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
Figure 18 IoT Sensors Market: Drivers and Their Impact
5.2.1.1 Increasing Development of Technologically Advanced and Low-Cost Sensors
5.2.1.2 Introduction of 3Gpp Release 13 and 14 Specifications
5.2.1.3 Growth in Internet Penetration Rate
Figure 19 Region-Wise Internet Users Till June 2022
5.2.1.4 Rising Demand for Connected and Wearable Devices
5.2.1.5 Higher Adoption of Ipv6
Figure 20 Worldwide Adoption of Ipv6, 2023
5.2.1.6 Growing IoT Applications in Real-Time Computing
5.2.2 Restraints
Figure 21 IoT Sensors Market: Restraints and Their Impact
5.2.2.1 Data Security Concerns
5.2.3 Opportunities
Figure 22 IoT Sensors Market: Opportunities and Their Impact
5.2.3.1 Favorable Government Initiatives and Funds for IoT Projects
5.2.3.2 Implementation of Predictive Maintenance Programs for IoT
5.2.3.3 Cross-Domain Collaborations Across Businesses
5.2.3.4 Inclination of Small- and Medium-Sized Businesses Toward IoT
5.2.4 Challenges
Figure 23 IoT Sensors Market: Challenges and Their Impact
5.2.4.1 Lack of Common Protocols and Communication Standards
5.2.4.2 Shortage of Technical Know-How
5.2.4.3 High Power Consumption by Connected Devices
5.2.4.4 Limited Bandwidth and Latency Issues
5.3 Trends and Disruptions Impacting Customer Business
Figure 24 Revenue Shift and New Revenue Pockets for Players in IoT Sensors Market
5.4 Pricing Analysis
5.4.1 Average Selling Price of IoT Sensors, by Key Players
Figure 25 Average Selling Price of IoT Sensors, by Key Players (USD)
5.4.2 Average Selling Price, by Sensor Type
Figure 26 Average Selling Price, by Sensor Type, 2020 vs. 2029 (USD)
5.5 Value Chain Analysis
Figure 27 Value Chain Analysis
5.5.1 Chip Designers
5.5.2 Component Manufacturers
5.5.3 Technology Providers
5.5.4 Integrators
5.5.5 End Use Applications
5.6 Ecosystem Analysis
Figure 28 Ecosystem Mapping
Table 1 Role of Companies in Ecosystem
5.7 Technology Analysis
5.7.1 Key Technologies
5.7.1.1 5G
5.7.1.2 Low-Power Wide Area Networks (Lpwan)
5.7.2 Complementary Technologies
5.7.2.1 Quantum Dot Cmos Technology
5.7.2.2 Multipixel Technology (Mpt)
5.7.3 Adjacent Technologies
5.7.3.1 Thermal Imaging
5.7.3.2 Electronic Nose (e-Nose)
5.8 Patent Analysis
Figure 29 Top 10 Companies with Highest Number of Patent Applications in Last 10 Years
Table 2 Top 10 Patent Owners in US, 2013-2023
Figure 30 Patent Publication Trend, 2013-2023
Table 3 Innovations and Patent Registrations, 2020-2023
5.9 Trade Data Analysis
5.9.1 Import Scenario of Image Sensors
Figure 31 Import Data for Image Sensors for Top Five Countries, 2019-2022 (Thousand Units)
5.9.2 Export Scenario of Image Sensors
Figure 32 Export Data for Image Sensors for Top Five Countries, 2019-2022 (Thousand Units)
5.10 Tariff and Regulatory Landscape
5.10.1 Tariffs Related to IoT Sensors Market
Table 4 Mfn Tariffs for Gas or Smoke Analysis Apparatus Exported by US
Table 5 Mfn Tariffs for Gas or Smoke Analysis Apparatus Imports by China
5.10.2 Regulatory Bodies, Government Agencies, and Other Organizations
Table 6 North America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 7 Europe: Regulatory Bodies, Government Agencies, and Other Organizations
Table 8 Asia-Pacific: Regulatory Bodies, Government Agencies, and Other Organizations
Table 9 Rest of the World: Regulatory Bodies, Government Agencies, and Other Organizations
5.10.3 Regulatory Standards
Table 10 North America: Safety Standards for IoT Sensors
Table 11 Europe: Safety Standards for IoT Sensors
Table 12 Asia-Pacific: Safety Standards for IoT Sensors
Table 13 Rest of the World: Safety Standards for IoT Sensors
5.11 Porter's Five Forces Analysis
Figure 33 Porter's Five Forces Analysis
Table 14 Impact of Porter's Five Forces
5.11.1 Threat of New Entrants
5.11.2 Threat of Substitutes
5.11.3 Bargaining Power of Suppliers
5.11.4 Bargaining Power of Buyers
5.11.5 Intensity of Competitive Rivalry
5.12 Key Stakeholders and Buying Criteria
5.12.1 Key Stakeholders in Buying Process
Figure 34 Influence of Stakeholders on Buying Process, by Vertical
Table 15 Influence of Stakeholders on Buying Process, by Vertical (%)
5.12.2 Buying Criteria
Figure 35 Key Buying Criteria, by Vertical
Table 16 Key Buying Criteria, by Vertical
5.13 Case Study Analysis
5.13.1 Remote Monitoring Systems for Managing HVAC Setup
5.13.2 Maintaining Water Quality for Pisciculture
5.13.3 Water Quality Monitoring System for Irrigation DAM
5.13.4 Human Condition Safety Sensors to Minimize Job Site Risks
5.13.5 Smart Construction Using IoT Sensors
5.13.6 Temperature and Humidity Tracking in Data Centers
5.14 Key Conferences and Events
Table 17 Key Conferences and Events, 2024-2025
6 IoT Sensors Market, by Sensor Type
6.1 Introduction
Figure 36 IoT Sensors Market, by Sensor Type
Table 18 IoT Sensors Market, by Sensor Type, 2020-2023 (USD Million)
Table 19 IoT Sensors Market, by Sensor Type, 2024-2029 (USD Million)
Table 20 IoT Sensors Market, by Sensor Type, 2020-2023 (Million Units)
Table 21 IoT Sensors Market, by Sensor Type, 2024-2029 (Million Units)
6.2 Temperature Sensors
6.2.1 Higher Operational Lifespan and Energy Efficiency to Drive Market
Table 22 Temperature Sensors: IoT Sensors Market, by Vertical, 2020-2023 (USD Million)
Table 23 Temperature Sensors: IoT Sensors Market, by Vertical, 2024-2029 (USD Million)
Table 24 Temperature Sensors: IoT Sensors Market, by Region, 2020-2023 (USD Million)
Table 25 Temperature Sensors: IoT Sensors Market, by Region, 2024-2029 (USD Million)
6.3 Pressure Sensors
6.3.1 Utilization in Intelligent Buildings to Drive Market
Table 26 Pressure Sensors: IoT Sensors Market, by Vertical, 2020-2023 (USD Million)
Table 27 Pressure Sensors: IoT Sensors Market, by Vertical, 2024-2029 (USD Million)
Table 28 Pressure Sensors: IoT Sensors Market, by Region, 2020-2023 (USD Million)
Table 29 Pressure Sensors: IoT Sensors Market, by Region, 2024-2029 (USD Million)
6.4 Humidity Sensors
6.4.1 Easy Connectivity with Wi-Fi-Enabled Devices to Drive Market
Table 30 Humidity Sensors: IoT Sensors Market, by Vertical, 2020-2023 (USD Million)
Table 31 Humidity Sensors: IoT Sensors Market, by Vertical, 2024-2029 (USD Million)
Figure 37 Humidity IoT Sensors Market in Asia-Pacific to Grow at Highest CAGR from 2024 to 2029
Table 32 Humidity Sensors: IoT Sensors Market, by Region, 2020-2023 (USD Million)
Table 33 Humidity Sensors: IoT Sensors Market, by Region, 2024-2029 (USD Million)
6.5 Flow Sensors
6.5.1 High Adoption in Industrial Manufacturing and Healthcare to Drive Market
Table 34 Flow Sensors: IoT Sensors Market, by Vertical, 2020-2023 (USD Million)
Table 35 Flow Sensors: IoT Sensors Market, by Vertical, 2024-2029 (USD Million)
Table 36 Flow Sensors: IoT Sensors Market, by Region, 2020-2023 (USD Million)
Table 37 Flow Sensors: IoT Sensors Market, by Region, 2024-2029 (USD Million)
6.6 Accelerometers
6.6.1 Ability to Measure Acceleration, Tilt, Vibration, and Shock to Drive Market
Table 38 Accelerometers: IoT Sensors Market, by Vertical, 2020-2023 (USD Million)
Table 39 Accelerometers: IoT Sensors Market, by Vertical, 2024-2029 (USD Million)
Table 40 Accelerometers: IoT Sensors Market, by Region, 2020-2023 (USD Million)
Table 41 Accelerometers: IoT Sensors Market, by Region, 2024-2029 (USD Million)
6.7 Magnetometers
6.7.1 Industrial IoT and Smart Cities to Drive Market
Table 42 Magnetometers: IoT Sensors Market, by Vertical, 2020-2023 (USD Million)
Table 43 Magnetometers: IoT Sensors Market, by Vertical, 2024-2029 (USD Million)
Table 44 Magnetometers: IoT Sensors Market, by Region, 2020-2023 (USD Million)
Table 45 Magnetometers: IoT Sensors Market, by Region, 2024-2029 (USD Million)
6.8 Gyroscopes
6.8.1 Increasing Use in Portable Instruments to Drive Market
Table 46 Gyroscopes: IoT Sensors Market, by Vertical, 2020-2023 (USD Million)
Table 47 Gyroscopes: IoT Sensors Market, by Vertical, 2024-2029 (USD Million)
Table 48 Gyroscopes: IoT Sensors Market, by Region, 2020-2023 (USD Million)
Table 49 Gyroscopes: IoT Sensors Market, by Region, 2024-2029 (USD Million)
6.9 Inertial Sensors
6.9.1 Geoengineering, Condition Monitoring, and Navigation Applications to Drive Market
Table 50 Inertial Sensors: IoT Sensors Market, by Vertical, 2020-2023 (USD Million)
Table 51 Inertial Sensors: IoT Sensors Market, by Vertical, 2024-2029 (USD Million)
Table 52 Inertial Sensors: IoT Sensors Market, by Region, 2020-2023 (USD Million)
Table 53 Inertial Sensors: IoT Sensors Market, by Region, 2024-2029 (USD Million)
6.10 Image Sensors
6.10.1 Low Power Consumption, Compactness, and Fast Production to Drive Market
Table 54 Image Sensors: IoT Sensors Market, by Vertical, 2020-2023 (USD Million)
Table 55 Image Sensors: IoT Sensors Market, by Vertical, 2024-2029 (USD Million)
Table 56 Image Sensors: IoT Sensors Market, by Region, 2020-2023 (USD Million)
Table 57 Image Sensors: IoT Sensors Market, by Region, 2024-2029 (USD Million)
6.11 Touch Sensors
6.11.1 Attractive Designs with Affordable Manufacturing to Drive Market
Table 58 Touch Sensors: IoT Sensors Market, by Vertical, 2020-2023 (USD Million)
Table 59 Touch Sensors: IoT Sensors Market, by Vertical, 2024-2029 (USD Million)
Table 60 Touch Sensors: IoT Sensors Market, by Region, 2020-2023 (USD Million)
Table 61 Touch Sensors: IoT Sensors Market, by Region, 2024-2029 (USD Million)
6.12 Proximity Sensors
6.12.1 Prominent Use in Mobile Phones, Tablets, and Personal Computers to Drive Market
Table 62 Proximity Sensors: IoT Sensors Market, by Vertical, 2020-2023 (USD Million)
Table 63 Proximity Sensors: IoT Sensors Market, by Vertical, 2024-2029 (USD Million)
Table 64 Proximity Sensors: IoT Sensors Market, by Region, 2020-2023 (USD Million)
Table 65 Proximity Sensors: IoT Sensors Market, by Region, 2024-2029 (USD Million)
6.13 Acoustic Sensors
6.13.1 Underwater and Underground Communication to Drive Market
Table 66 Acoustic Sensors: IoT Sensors Market, by Vertical, 2020-2023 (USD Million)
Table 67 Acoustic Sensors: IoT Sensors Market, by Vertical, 2024-2029 (USD Million)
Table 68 Acoustic Sensors: IoT Sensors Market, by Region, 2020-2023 (USD Million)
Table 69 Acoustic Sensors: IoT Sensors Market, by Region, 2024-2029 (USD Million)
6.14 Motion Sensors
6.14.1 Rising Use in Consumer Appliances, Medical Devices, and Industrial Applications to Drive Market
Table 70 Motion Sensors: IoT Sensors Market, by Vertical, 2020-2023 (USD Million)
Table 71 Motion Sensors: IoT Sensors Market, by Vertical, 2024-2029 (USD Million)
Table 72 Motion Sensors: IoT Sensors Market, by Region, 2020-2023 (USD Million)
Table 73 Motion Sensors: IoT Sensors Market, by Region, 2024-2029 (USD Million)
6.15 Occupancy Sensors
Table 74 Occupancy Sensors: IoT Sensors Market, by Vertical, 2020-2023 (USD Million)
Table 75 Occupancy Sensors: IoT Sensors Market, by Vertical, 2024-2029 (USD Million)
Table 76 Occupancy Sensors: IoT Sensors Market, by Region, 2020-2023 (USD Million)
Table 77 Occupancy Sensors: IoT Sensors Market, by Region, 2024-2029 (USD Million)
6.15.1 Image Processing Occupancy Sensors
6.15.1.1 Improved Performance Than Passive Infrared Sensors and Ultrasonic Sensors to Drive Market
6.15.2 Intelligent Occupancy Sensors
6.15.2.1 Easy Detection of Human Presence and Adjustment of HVAC Systems to Drive Market
6.16 Co2 Sensors
6.16.1 Indoor Climate Sensing to Drive Market
Table 78 Co2 Sensors: IoT Sensors Market, by Vertical, 2020-2023 (USD Million)
Table 79 Co2 Sensors: IoT Sensors Market, by Vertical, 2024-2029 (USD Million)
Table 80 Co2 Sensors: IoT Sensors Market, by Region, 2020-2023 (USD Million)
Table 81 Co2 Sensors: IoT Sensors Market, by Region, 2024-2029 (USD Million)
6.17 Other Sensors
6.17.1 Light Sensors
6.17.2 Radar Sensors
Table 82 Other Sensors: IoT Sensors Market, by Vertical, 2020-2023 (USD Million)
Table 83 Other Sensors: IoT Sensors Market, by Vertical, 2024-2029 (USD Million)
Table 84 Other Sensors: IoT Sensors Market, by Region, 2020-2023 (USD Million)
Table 85 Other Sensors: IoT Sensors Market, by Region, 2024-2029 (USD Million)
7 IoT Sensors Market, by Network Technology
7.1 Introduction
Figure 38 Key Network Technologies in IoT Sensors Market
Figure 39 Wireless Network Technology Segment to Lead IoT Sensors Market from 2024 to 2029
Table 86 IoT Sensors Market, by Network Technology, 2020-2023 (USD Million)
Table 87 IoT Sensors Market, by Network Technology, 2024-2029 (USD Million)
7.2 Wired
Figure 40 Ethernet to Hold Largest Market Share During Forecast Period
Table 88 Wired: IoT Sensors Market, by Type, 2020-2023 (USD Million)
Table 89 Wired: IoT Sensors Market, by Type, 2024-2029 (USD Million)
7.2.1 Knx
7.2.1.1 Home and Building Control Applications to Drive Market
7.2.2 Lonworks
7.2.2.1 Standardized Interface for Sensors to Drive Market
7.2.3 Ethernet
7.2.3.1 Mobile, Cloud, and IoT Network Communication to Drive Market
7.2.4 Modbus
7.2.4.1 High Adoption in Manufacturing Industries to Drive Market
7.2.5 Digital Addressable Lighting Interface (Dali)
7.2.5.1 Increasing Prevalence of New Lighting Technologies to Drive Market
7.3 Wireless
Table 90 Wireless: IoT Sensors Market, by Type, 2020-2023 (USD Million)
Table 91 Wireless: IoT Sensors Market, by Type, 2024-2029 (USD Million)
7.3.1 Wi-Fi
7.3.1.1 3G-Powered Wi-Fi Connections in Cars to Drive Market
7.3.2 Bluetooth
7.3.2.1 Bluetooth Smart
7.3.2.1.1 High Adoption in Wearable Electronics to Drive Market
7.3.2.2 Wi-Fi/Bluetooth Smart
7.3.2.2.1 Seamless Connectivity with Wireless Lan Networks to Drive Market
7.3.2.3 Bluetooth Smart/Ant+
7.3.2.3.1 Sensrcore Feature to Drive Market
7.3.2.4 Bluetooth 5
7.3.2.4.1 Location-based Marketing to Drive Market
7.3.3 Zigbee
7.3.3.1 Personal Area Networks to Drive Market
7.3.4 Z-Wave
7.3.4.1 Home Automation Trend to Drive Market
7.3.5 Near Field Communication (Nfc)
7.3.5.1 Need for Cost-Effective and Easy Interactions Between Electronic Devices to Drive Market
7.3.6 RFID
7.3.6.1 Integration in Supply Chain, Inventory Control, and Logistics to Drive Market
7.3.7 Enocean
7.3.7.1 Interoperable Standard Promoting Wireless Technologies to Drive Market
7.3.8 Thread
7.3.8.1 Higher Speed Than Wi-Fi to Drive Market
7.3.9 6Lowpan
7.3.9.1 Scalability and Self-Healing Properties to Drive Market
7.3.10 Wireless-Hart (Whart)
7.3.10.1 Configuration, Diagnostics, and Data Processing Applications to Drive Market
7.3.11 Process Field Bus
7.3.11.1 Standardized Field Bus Communication to Drive Market
7.3.12 Dect-Ule
7.3.12.1 Low Power Consumption and Long Range to Drive Market
7.3.13 Other Wireless Technologies
7.3.13.1 Ant+
7.3.13.2 Isa100
7.3.13.3 GPS
7.3.13.4 Sub-Gig
7.3.13.5 Cellular
8 IoT Sensors Market, by Vertical
8.1 Introduction
Figure 41 Consumer IoT Sensors Market to Record Highest CAGR During Forecast Period
Table 92 IoT Sensors Market, by Vertical, 2020-2023 (USD Million)
Table 93 IoT Sensors Market, by Vertical, 2024-2029 (USD Million)
8.2 Consumer IoT
8.2.1 Insights into Usage Patterns of Electronic Devices by Consumers to Drive Market
Table 94 Consumer IoT: IoT Sensors Market, by Sensor Type, 2020-2023 (USD Million)
Table 95 Consumer IoT: IoT Sensors Market, by Sensor Type, 2024-2029 (USD Million)
8.3 Commercial IoT
Table 96 Commercial IoT: IoT Sensors Market, by End Use Applications, 2020-2023 (USD Million)
Table 97 Commercial IoT: IoT Sensors Market, by End Use Applications, 2024-2029 (USD Million)
Table 98 Commercial IoT: IoT Sensors Market, by Sensor Type, 2020-2023 (USD Million)
Table 99 Commercial IoT: IoT Sensors Market, by Sensor Type, 2024-2029 (USD Million)
8.3.1 Smart Cities
8.3.1.1 Traffic Management and Smart Parking to Drive Market
8.3.2 Retail
Figure 42 Logistics, Supply Chain, and Transportation Segment to Hold Largest Market Share for Retail Applications During Forecast Period
Table 100 Commercial IoT: IoT Sensors Market, by Retail Applications, 2020-2023 (USD Million)
Table 101 Commercial IoT: IoT Sensors Market, by Retail Applications, 2024-2029 (USD Million)
8.3.2.1 Advertising and Marketing
8.3.2.1.1 Increased Competition Among Retail Stores to Drive Market
8.3.2.2 Digital Signages
8.3.2.2.1 Product Promotion and Customer Engagement to Drive Market
8.3.2.3 Energy Optimization
8.3.2.3.1 Increasing Use of Smart Meters to Drive Market
8.3.2.4 Intelligent Payment Solutions
8.3.2.4.1 Popularity of Point-Of-Sale Payment Counters to Drive Market
8.3.2.5 Real-Time/Streaming Analytics
8.3.2.5.1 Use of Analytics for Effective Decision Making to Drive Market
8.3.2.6 Resource Management
8.3.2.6.1 Workforce Training and Productivity Measurement to Drive Market
8.3.2.7 Safety & Security
8.3.2.7.1 Threat of Security Breaches to Drive Market
8.3.2.8 Smart Shelves and Smart Doors
8.3.2.8.1 Increasing Use of Radio Frequency Identification Reader-Equipped Shelves to Drive Market
8.3.2.9 Smart Vending Machines
8.3.2.9.1 Growing Preference for Enhanced Shopping Experiences to Drive Market
8.3.3 Aerospace & Defense
8.3.3.1 Drones/Unmanned Aerial Vehicles
8.3.3.1.1 Electronic Warfare and Strike Missions to Drive Market
8.3.3.2 Predictive Maintenance
8.3.3.2.1 Ability to Identify First-Stage Equipment Failure to Drive Market
8.3.4 Logistics, Supply Chain, and Transportation
8.3.4.1 Warehouse and Inventory Management and Travel-Centric Applications and Services to Drive Market
8.3.5 Entertainment
8.3.5.1 Rising Installation of IoT Sensors in Shopping Malls and Theme Parks to Drive Market
8.3.6 Financial Institutes
8.3.6.1 Booming Fintech Sector to Drive Market
8.3.7 Corporate Offices
8.3.7.1 High Adoption of Occupancy Sensors in Corporate Houses to Drive Market
8.4 Industrial IoT
Figure 43 Industrial Automation to Dominate Industrial IoT Sensors Market from 2024 to 2029
Table 102 Industrial IoT: IoT Sensors Market, by End Use Applications, 2020-2023 (USD Million)
Table 103 Industrial IoT: IoT Sensors Market, by End Use Applications, 2024-2029 (USD Million)
Table 104 Industrial IoT: IoT Sensors Market, by Sensor Type, 2020-2023 (USD Million)
Table 105 Industrial IoT: IoT Sensors Market, by Sensor Type, 2024-2029 (USD Million)
8.4.1 Energy
8.4.1.1 Implementation of Smart Grids to Drive Market
8.4.2 Industrial Automation
8.4.2.1 Supply Chain Optimization and Enhanced Asset Maintenance to Drive Market
8.4.3 Healthcare
Figure 44 Inpatient Monitoring Segment to Exhibit Highest CAGR from 2024 to 2029
Table 106 Industrial IoT: IoT Sensors Market, by Healthcare Applications, 2020-2023 (USD Million)
Table 107 Industrial IoT: IoT Sensors Market, by Healthcare Applications, 2024-2029 (USD Million)
8.4.3.1 Telemedicine
8.4.3.1.1 Need for Accessible Health Facilities in Rural Areas to Drive Market
8.4.3.2 Clinical Operations and Workflow Management
8.4.3.2.1 Improved Medical Equipment and Inventory Management to Drive Market
8.4.3.3 Connected Imaging
8.4.3.3.1 High-Quality Healthcare and Imaging Services to Drive Market
8.4.3.4 Inpatient Monitoring
8.4.3.4.1 Non-Invasive Monitoring of Patients to Drive Market
8.4.3.5 Medication Management
8.4.3.5.1 Accurate Clinical Trials and Research to Drive Market
8.4.3.6 Other Healthcare Applications
8.4.4 Smart Agriculture
Table 108 Industrial IoT: IoT Sensors Market, by Smart Agriculture Applications, 2020-2023 (USD Million)
Table 109 Industrial IoT: IoT Sensors Market, by Smart Agriculture Applications, 2024-2029(USD Million)
8.4.4.1 Precision Farming
8.4.4.1.1 Maximum Yields with Minimum Input Costs to Drive Market
8.4.4.2 Livestock Monitoring
8.4.4.2.1 Monitoring Livestock Health to Identify Possible Disease Outbreaks and Treatment Plans to Drive Market
8.4.4.3 Smart Fish Farming
8.4.4.3.1 Efficient Tracking of Fish Migration to Drive Market
8.4.4.4 Smart Greenhouses
8.4.4.4.1 Cultivation of Perishables in Ideal Environment to Drive Market
8.4.4.5 Other Smart Agriculture Applications
9 IoT Sensors Market, by Region
9.1 Introduction
Figure 45 Geographic Snapshot of IoT Sensors Market
Table 110 IoT Sensors Market, by Region, 2020-2023 (USD Million)
Table 111 IoT Sensors Market, by Region, 2024-2029 (USD Million)
9.2 North America
Figure 46 North America: IoT Sensors Market Snapshot
Table 112 North America: IoT Sensors Market, by Sensor Type, 2020-2023 (USD Million)
Table 113 North America: IoT Sensors Market, by Sensor Type, 2024-2029 (USD Million)
Table 114 North America: IoT Sensors Market, by Country, 2020-2023 (USD Million)
Table 115 North America: IoT Sensors Market, by Country, 2024-2029 (USD Million)
9.2.1 US
9.2.1.1 Growing Demand for Consumer Electronics and Presence of Leading Sensor Manufacturers to Drive Market
9.2.2 Canada
9.2.2.1 Setting Up of Data Centers to Drive Market
9.2.3 Mexico
9.2.3.1 Economic Growth, Political Stability, and Increased Healthcare Expenditure to Drive Market
9.2.4 North America: Recession Impact Analysis
9.3 Europe
Figure 47 Europe: IoT Sensors Market Snapshot
Table 116 Europe: IoT Sensors Market, by Sensor Type, 2020-2023 (USD Million)
Table 117 Europe: IoT Sensors Market, by Sensor Type, 2024-2029 (USD Million)
Table 118 Europe: IoT Sensors Market, by Country, 2020-2023 (USD Million)
Table 119 Europe: IoT Sensors Market, by Country, 2024-2029 (USD Million)
9.3.1 Germany
9.3.1.1 Industry 4.0 Initiative to Drive Market
9.3.2 UK
9.3.2.1 Robust Digital Infrastructure to Drive Market
9.3.3 France
9.3.3.1 Presence of Industry-Leading Car Companies to Drive Market
9.3.4 Italy
9.3.4.1 Cloud Computing and Big Data Adoption in Various Industries to Drive Market
9.3.5 Spain
9.3.5.1 IoT Sensor Deployment in Precision Agriculture to Drive Market
9.3.6 Rest of Europe
9.3.7 Europe: Recession Impact Analysis
9.4 Asia-Pacific
Figure 48 Asia-Pacific: IoT Sensors Market Snapshot
Table 120 Asia-Pacific: IoT Sensors Market, by Sensor Type, 2020-2023 (USD Million)
Table 121 Asia-Pacific: IoT Sensors Market, by Sensor Type, 2024-2029 (USD Million)
Table 122 Asia-Pacific: IoT Sensors Market, by Country, 2020-2023 (USD Million)
Table 123 Asia-Pacific: IoT Sensors Market, by Country, 2024-2029 (USD Million)
9.4.1 China
9.4.1.1 Internet Plus Strategy to Drive Market
9.4.2 Japan
9.4.2.1 Growing Demand for Sophisticated and Expensive Medical Equipment to Drive Market
9.4.3 South Korea
9.4.3.1 Ministry of Trade, Industry, and Energy Investments to Drive Market
9.4.4 India
9.4.4.1 Development of Government-Backed Digital Payment Systems to Drive Market
9.4.5 Australia
9.4.5.1 Increased Healthcare and Agriculture Expenditures to Drive Market
9.4.6 Rest of Asia-Pacific
9.4.7 Asia-Pacific: Recession Impact Analysis
9.5 Rest of the World
Table 124 Rest of the World: IoT Sensors Market, by Sensor Type, 2020-2023 (USD Million)
Table 125 Rest of the World: IoT Sensors Market, by Sensor Type, 2024-2029 (USD Million)
Table 126 Rest of the World: IoT Sensors Market, by Region, 2020-2023 (USD Million)
Table 127 Rest of the World: IoT Sensors Market, by Region, 2024-2029 (USD Million)
9.5.1 GCC
9.5.1.1 Strategic Partnerships and Collaborations Between Countries and Global Semiconductor Companies to Drive Market
9.5.2 Rest of Middle East & Africa
9.5.2.1 Oil & Gas Industry to Drive Market
9.5.3 South America
9.5.3.1 Easy Availability of Affordable Electronic Products and Rising Use of Smartphones and Handheld Devices to Drive Market
10 Competitive Landscape
10.1 Introduction
10.2 Key Players’ Strategies
Table 128 Key Players’ Strategies
10.3 Market Revenue Analysis
Figure 49 Market Revenue Analysis, 2020-2022
10.4 Market Share Analysis
Figure 50 Market Share Analysis, 2023
Table 129 Degree of Competition
Table 130 Market Ranking Analysis of Top Five Players
10.5 Company Evaluation Matrix
10.5.1 Stars
10.5.2 Emerging Leaders
10.5.3 Pervasive Players
10.5.4 Participants
Figure 51 Company Evaluation Matrix
10.5.5 Company Footprint
Table 131 Company Footprint
Table 132 Company Footprint, by Vertical
Table 133 Company Footprint, by Region
Table 134 Company Footprint, by Sensor Type
10.6 Startup/SME Evaluation Matrix
10.6.1 Progressive Companies
10.6.2 Responsive Companies
10.6.3 Dynamic Companies
10.6.4 Starting Blocks
Figure 52 Startup/SME Evaluation Matrix
10.6.5 Competitive Benchmarking
Table 135 List of Key Startups/SMEs
Table 136 Competitive Benchmarking
Table 137 Competitive Benchmarking, by Region
Table 138 Competitive Benchmarking, by Vertical
Table 139 Competitive Benchmarking, by Sensor Type
10.7 Competitive Scenarios and Trends
10.7.1 Product Launches
Table 140 Product Launches, 2019-2023
10.7.2 Deals
Table 141 Deals, 2019-2023
11 Company Profiles
11.1 Key Players
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, Weakness/Competitive Threats)*
11.1.1 Texas Instruments
Table 142 Texas Instruments: Company Overview
Figure 53 Texas Instruments: Company Snapshot
Table 143 Texas Instruments: Products/Solutions/Services Offered
Table 144 Texas Instruments: Product Launches
Table 145 Texas Instruments: Deals
11.1.2 Te Connectivity
Table 146 Te Connectivity: Company Overview
Figure 54 Te Connectivity: Company Snapshot
Table 147 Te Connectivity: Products/Solutions/Services Offered
Table 148 Te Connectivity: Deals
11.1.3 Broadcom
Table 149 Broadcom: Company Overview
Figure 55 Broadcom: Company Snapshot
Table 150 Broadcom: Products/Solutions/Services Offered
Table 151 Broadcom: Product Launches
11.1.4 Nxp Semiconductors
Table 152 Nxp Semiconductors: Company Overview
Figure 56 Nxp Semiconductors: Company Snapshot
Table 153 Nxp Semiconductors: Products/Solutions/Services Offered
Table 154 Nxp Semiconductors: Product Launches
Table 155 Nxp Semiconductors: Deals
11.1.5 Stmicroelectronics Nv
Table 156 Stmicroelectronics Nv: Company Overview
Figure 57 Stmicroelectronics Nv: Company Snapshot
Table 157 Stmicroelectronics Nv: Products/Solutions/Services Offered
Table 158 Stmicroelectronics Nv: Product Launches
Table 159 Stmicroelectronics Nv: Deals
Table 160 Stmicroelectronics Nv: Expansions
11.1.6 Bosch Sensortec
Table 161 Bosch Sensortec: Company Overview
Table 162 Bosch Sensortec: Products/Solutions/Services Offered
Table 163 Bosch Sensortec: Product Launches
Table 164 Bosch Sensortec: Deals
11.1.7 Tdk Corporation
Table 165 Tdk Corporation: Company Overview
Figure 58 Tdk Corporation: Company Snapshot
Table 166 Tdk Corporation: Products/Solutions/Services Offered
Table 167 Tdk Corporation: Product Launches
Table 168 Tdk Corporation: Deals
11.1.8 Infineon Technologies AG
Table 169 Infineon Technologies AG: Company Overview
Figure 59 Infineon Technologies AG: Company Snapshot
Table 170 Infineon Technologies AG: Products/Solutions/Services Offered
Table 171 Infineon Technologies AG: Product Launches
Table 172 Infineon Technologies AG: Deals
11.1.9 Analog Devices
Table 173 Analog Devices: Company Overview
Figure 60 Analog Devices: Company Snapshot
Table 174 Analog Devices: Products/Solutions/Services Offered
Table 175 Analog Devices: Deals
Table 176 Analog Devices: Other Developments
11.1.10 Omron Corporation
Table 177 Omron Corporation: Company Overview
Figure 61 Omron Corporation: Company Snapshot
Table 178 Omron Corporation: Products/Solutions/Services Offered
Table 179 Omron Corporation: Product Launches
Table 180 Omron Corporation: Deals
11.2 Other Players
11.2.1 Sensirion
Table 181 Sensirion: Company Overview
11.2.2 Honeywell International
Table 182 Honeywell International: Company Overview
11.2.3 Siemens AG
Table 183 Siemens AG: Company Overview
11.2.4 Knowles Corporation
Table 184 Knowles Corporation: Company Overview
11.2.5 ABB Ltd.
Table 185 ABB Ltd.: Company Overview
11.2.6 Sensata Technologies
Table 186 Sensata Technologies: Company Overview
11.2.7 Emerson Electric Co.
Table 187 Emerson Electric Co.: Company Overview
11.2.8 Teledyne Technologies Incorporated
Table 188 Teledyne Technologies Incorporated: Company Overview
11.2.9 Smartthings Inc.
Table 189 Smartthings Inc.: Company Overview
11.2.10 Monnit Corporation
Table 190 Monnit Corporation: Company Overview
11.2.11 Murata Manufacturing Co. Ltd.
Table 191 Murata Manufacturing Co. Ltd.: Company Overview
11.2.12 Figaro Engineering Inc.
Table 192 Figaro Engineering Inc.: Company Overview
11.2.13 Trafag AG
Table 193 Trafag AG: Company Overview
11.2.14 Nidec Copal Electronics
Table 194 Nidec Copal Electronics: Company Overview
11.2.15 Kita Sensor Tech. Co. Ltd.
Table 195 Kita Sensor Tech Co. Ltd.: Company Overview
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, Weakness/Competitive Threats)* Might Not be Captured in Case of Unlisted Companies
12 Appendix
12.1 Discussion Guide
12.2 Knowledgestore: The Subscription Portal
12.3 Customization Options

Companies Mentioned

  • Texas Instruments
  • Te Connectivity
  • Broadcom
  • Nxp Semiconductors
  • Stmicroelectronics Nv
  • Bosch Sensortec
  • Tdk Corporation
  • Infineon Technologies AG
  • Analog Devices
  • Omron Corporation
  • Sensirion
  • Honeywell International
  • Siemens AG
  • Knowles Corporation
  • ABB Ltd.
  • Sensata Technologies
  • Emerson Electric Co.
  • Teledyne Technologies Incorporated
  • Smartthings Inc.
  • Monnit Corporation
  • Murata Manufacturing Co. Ltd.
  • Figaro Engineering Inc.
  • Trafag AG
  • Nidec Copal Electronics
  • Kita Sensor Tech. Co. Ltd.

Table Information

Report AttributeDetails
No. of Pages262
PublishedFebruary 2024
Forecast Period2024 - 2029
Estimated Market Value ( USD ) in 2024 $ 16 Billion
Forecasted Market Value ( USD ) by 2029 $ 70.1 Billion
Compound Annual Growth Rate34.4%
Regions CoveredGlobal
No. of Companies Mentioned25

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