Global IoT Sensors Market Valued at USD 14.5 Billion in 2022, Expected to Grow at a CAGR of 30.1% from 2023 to 2033

As per the study initiated by Evolve Business Intelligence, the global IoT Sensors market size accounted for USD 14.5 Billion in 2022, growing at a CAGR of 30.1% from 2023 to 2033. The Internet of Things (IoT) sensors market refers to the segment of the technology industry that involves the production, distribution, and use of sensors used in IoT applications. IoT sensors are devices that capture and transmit data from the physical environment to IoT platforms or systems, enabling real-time monitoring, analysis, and automation. The IoT sensors market has been experiencing rapid growth due to the increasing adoption of IoT solutions across various industries. The market size is influenced by factors such as the proliferation of connected devices, advancements in sensor technology, declining sensor costs, and the need for real-time data for decision-making and process optimization.

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Key Highlights:

  • The global IoT Sensors Market size was valued at USD 5 billion in 2022 growing at a CAGR of 30.1% from 2023 to 2033.
  • North America dominated the market in 2022
  • Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has published a new market research report on Global IoT Sensors Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

In terms of COVID 19 impact, the IoT Sensors market report also includes the following data points:

  • COVID19 Impact on IoT Sensors market size
  • End-User/Industry/Application Trend, and Preferences
  • Government Policies/Regulatory Framework
  • Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
  • Opportunity in IoT Sensors market

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Key Players

Some of the major IoT Sensors players holding high market share include Texas Instruments, TE Connectivity, STMicroelectronics, and NXP Semiconductor. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:

  • Texas Instruments
  • TE Connectivity
  • STMicroelectronics
  • NXP Semiconductor
  • Infineon Technologies
  • Honeywell
  • Siemens
  • General Electric
  • OMRON Corporation
  • Murata Manufacturing Co.

Segmental Analysis

Market Segment By Type with focus on market share, consumption trend, and growth rate of IoT Sensors Market:

  • Temperature Sensor
  • Proximity Sensor
  • Pressure Sensor
  • Level Sensor
  • Gas Sensor
  • Image Sensor
  • Optical Sensor
  • Gyroscope Sensor
  • Humidity Sensor
  • Accelerometer Sensor
  • Others

Market Segment By Network Technology with focus on market share, consumption trend, and growth rate of IoT Sensors Market:

  • Wired
  • Wireless

Market Segment By end-user with a focus on market share, consumption trend, and growth rate of the IoT Sensors Market:

  • Consumer Electronics
  • Automotive
  • Industrial
  • Food & Beverage
  • Aerospace & Defense
  • Transportation
  • Agriculture
  • Others
Parameters Details
Market Size (2022) $ 14.5 Billion
CAGR (2023 to 2033) 30.1%
Market Segmentation Type, Network Technology, End User
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America

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Global IoT Sensors Geographic Coverage:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Nordic Countries
    • Benelux
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Malaysia
    • Australia
    • Rest of Asia Pacific
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of MEA
  • Latin America
    • Mexico
    • Brazil
    • Argentina
    • Rest of Latin America

Reasons to Buy this Report:

  • Detail analysis of the impact of market drivers, restraints, and opportunities
  • Competitive Intelligence provides an understanding of the ecosystem
  • Details analysis of the Total Addressable Market (TAM) of your products
  • Investment Pockets and New Business Opportunities
  • Demand-supply gap analysis
  • Strategy Planning

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.

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