IoT Sensor Market Report: Trends, Forecast and Competitive Analysis to 2030

IoT Sensor Trends and Forecast

The future of the global IoT sensor market looks promising with opportunities in the consumer, commercial, and industrial markets. The global IoT sensor market is expected to reach an estimated $23.1 billion by 2030 with a CAGR of 27.6% from 2024 to 2030. The major drivers for this market are significant usage of this sensor in automotive and industrial sector, expansion of smart cities, and emergence of industry 4.0.

A more than 150-page report is developed to help in your business decisions.

IoT Sensor by Segment

The study includes a forecast for the global IoT sensor by sensor type, network technology, end use, and region.

IoT Sensor Market by Sensor Type [Shipment Analysis by Value from 2018 to 2030]:

• Humidity Sensor
• Flow Sensor
• Accelerometer
• Magnetometer
• Gyroscope
• Inertial Sensor
• Image Sensor
• Touch Sensor
• Proximity Sensor
• Others

IoT Sensor Market by Network Technology [Shipment Analysis by Value from 2018 to 2030]:

• Wired
• Wireless

IoT Sensor Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Consumer
• Commerial
• Industrial

IoT Sensor Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of IoT Sensor Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies IoT sensor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the IoT sensor companies profiled in this report include-

• Texas Instrument
• TE Connectivity
• Broadcom
• NXP Semiconductors
• STMicroelectronics

IoT Sensor Market Insights

Lucintel forecasts that wireless will remain the largest segment over the forecast period due to its rising demand from mobile devices, connected cars, and smart grids.

Within this market, consumer is expected to witness the highest growth over the forecast period.

North America will remain the largest region over the forecast period due to rapid adoption of IoT technology in various industries and presence of key players in the region.

Features of the Global IoT Sensor Market

Market Size Estimates: IoT sensor market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: IoT sensor market size by sensor type, network technology, end use, and region in terms of value ($B).

Regional Analysis: IoT sensor market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different sensor types, network technologies, end uses, and regions for the IoT sensor market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the IoT sensor market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the IoT sensor market size?

Answer: The global IoT sensor market is expected to reach an estimated $23.1 billion by 2030.

Q2. What is the growth forecast for IoT sensor market?

Answer: The global IoT sensor market is expected to grow with a CAGR of 27.6% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the IoT sensor market?

Answer: The major drivers for this market are significant usage of this sensor in automotive and industrial sector, expansion of smart cities, and emergence of industry 4.0.

Q4. What are the major segments for IoT sensor market?

Answer: The future of the IoT sensor market looks promising with opportunities in the consumer, commercial, and industrial markets.

Q5. Who are the key IoT sensor market companies?

Answer: Some of the key IoT sensor companies are as follows:

• Texas Instrument
• TE Connectivity
• Broadcom
• NXP Semiconductors
• STMicroelectronics

Q6. Which IoT sensor market segment will be the largest in future?

Answer: Lucintel forecasts that wireless will remain the largest segment over the forecast period due to its rising demand from mobile devices, connected cars, and smart grids.

Q7. In IoT sensor market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to rapid adoption of IoT technology in various industries and presence of key players in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the IoT sensor market by sensor type (humidity sensor, flow sensor, accelerometer, magnetometer, gyroscope, inertial sensor, image sensor, touch sensor, proximity sensor, and others), network technology (wired and wireless), end use (consumer, commerial, and industrial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?