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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. Sample figures with some insights are shown below.
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?
For any questions related to Iot Sensor Market, Iot Sensor Market Size, Iot Sensor Market Growth, Iot Sensor Market Analysis, Iot Sensor Market Report, Iot Sensor Market Share, Iot Sensor Market Trends, Iot Sensor Market Forecast, Iot Sensor Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global IoT Sensor Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global IoT Sensor Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global IoT Sensor Market by Sensor Type
3.3.1: Humidity Sensor
3.3.2: Flow Sensor
3.3.3: Accelerometer
3.3.4: Magnetometer
3.3.5: Gyroscope
3.3.6: Inertial Sensor
3.3.7: Image Sensor
3.3.8: Touch Sensor
3.3.9: Proximity Sensor
3.4: Global IoT Sensor Market by Network Technology
3.4.1: Wired
3.4.2: Wireless
3.5: Global IoT Sensor Market by End Use
3.5.1: Consumer
3.5.2: Commerial
3.5.3: Industrial
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global IoT Sensor Market by Region
4.2: North American IoT Sensor Market
4.2.1: North American IoT Sensor Market by Network Technology: Wired and Wireless
4.2.2: North American IoT Sensor Market by End Use: Consumer, Commerial, and Industrial
4.3: European IoT Sensor Market
4.3.1: European IoT Sensor Market by Network Technology: Wired and Wireless
4.3.2: European IoT Sensor Market by End Use: Consumer, Commerial, and Industrial
4.4: APAC IoT Sensor Market
4.4.1: APAC IoT Sensor Market by Network Technology: Wired and Wireless
4.4.2: APAC IoT Sensor Market by End Use: Consumer, Commerial, and Industrial
4.5: ROW IoT Sensor Market
4.5.1: ROW IoT Sensor Market by Network Technology: Wired and Wireless
4.5.2: ROW IoT Sensor Market by End Use: Consumer, Commerial, and Industrial
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global IoT Sensor Market by Sensor Type
6.1.2: Growth Opportunities for the Global IoT Sensor Market by Network Technology
6.1.3: Growth Opportunities for the Global IoT Sensor Market by End Use
6.1.4: Growth Opportunities for the Global IoT Sensor Market by Region
6.2: Emerging Trends in the Global IoT Sensor Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global IoT Sensor Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global IoT Sensor Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Texas Instrument
7.2: TE Connectivity
7.3: Broadcom
7.4: NXP Semiconductors
7.5: STMicroelectronics
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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