Press release
IoT Sensors Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis
IoT Sensors
What Is the Current IoT Sensors Market Size and Its Estimated Growth Rate?
The IoT sensors market has grown exponentially, projected to increase from $12.21 billion in 2024 to $15.62 billion in 2025, reflecting a CAGR of 28.0%. This rapid growth is driven by advancements in connectivity, big data analytics, cost reductions, the rise of smart cities and infrastructure, and the growth of industrial IoT (IIoT).
The IoT sensors market is expected to experience rapid growth, reaching $32.34 billion by 2029, with a CAGR of 20.0%. This growth is driven by factors such as 5G connectivity, edge computing, AI, machine learning, security and privacy concerns, and energy harvesting. Key trends include the miniaturization of sensors, multi-sensor integration, the creation of IoT sensor ecosystems, environmental and sustainability monitoring, and the rise of TH*Care and wearable sensors.
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How Are Emerging Segments Shaping the IoT Sensors Market Landscape?
The IoT sensors market covered in this report is segmented -
1) By Product Type: Temperature sensors, Pressure sensors, Humidity sensors, Flow sensors, Accelerometers, Magnetometers, Gyroscopes, Inertial sensors, Image sensors, Other Product Types
2) By Application: Building Automation, Industrial Application, Automotive Application, TH*Care Application, Retailing And Logistics Application, Security Application, Agriculture Application, Other Applications
3) By End-user Industry: TH*Care, Automotive and Transportation, Manufacturing / Industrial, Other End-Users
Subsegments:
1) By Temperature Sensors: Thermocouples, RTDs (Resistance Temperature Detectors), Thermistors, Infrared Sensors, Bimetallic Sensors
2) By Pressure Sensors: Piezoresistive Pressure Sensors, Capacitive Pressure Sensors, Strain Gauge Pressure Sensors, Optical Pressure Sensors, Resonant Pressure Sensors
3) By Humidity Sensors: Capacitive Humidity Sensors, Resistive Humidity Sensors, Thermal Conductivity Humidity Sensors, Gravimetric Humidity Sensors
4) By Flow Sensors: Electromagnetic Flow Meters, Ultrasonic Flow Meters, Thermal Mass Flow Meters, Coriolis Flow Meters, Differential Pressure Flow Meters
5) By Accelerometers: MEMS Accelerometers, Piezoelectric Accelerometers, Capacitive Accelerometers
6) By Magnetometers: Hall Effect Magnetometers, Anisotropic Magnetoresistive (AMR) Magnetometers, Giant Magnetoresistive (GMR) Magnetometers
7) By Gyroscopes: MEMS Gyroscopes, Fiber Optic Gyroscopes, Ring Laser Gyroscopes, Mechanical Gyroscopes
8) By Inertial Sensors: Inertial Measurement Units (IMUs), Microelectromechanical Systems (MEMS) Sensors, Fiber Optic Gyroscopes
9) By Image Sensors: CMOS Image Sensors, CCD Image Sensors, Infrared Image Sensors
10) By Other Product Types: Gas Sensors, Proximity Sensors, Light Sensors, pH Sensors, Soil Moisture Sensors
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Which Growth Factors Are Influencing IoT Sensors Market Expansion?
The expansion of IoT in transportation and automotive industries is driving the IoT sensors market. Enhanced communication and data processing are essential in developing smart vehicles. Companies such as Volvo, Google, and Toyota are investing heavily in IoT-based cars. As per NASDAQ, driverless vehicles are expected to dominate the market by 2030, leading to higher demand for IoT sensors.
Who Are the Dominant Players Across Different IoT Sensors Market Segments?
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
What Are the Latest Developing Trends in the IoT Sensors Market?
Major players in the IoT sensors market are focusing on the development of XENSIV sensors to improve precision and efficiency in IoT applications. For example, in November 2022, Infineon Technologies launched a sensor kit combining various sensors and microcontrollers, offering easy integration with cloud services and efficient data visualization for smart home applications.
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Which Geographic Regions Are Expected to Dominate the IoT Sensors Market in the Coming Years?
Asia-Pacific was the largest region in the IoT sensors market in 2023. 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the IoT Sensors Market?
2. What is the CAGR expected in the IoT Sensors Market?
3. What Are the Key Innovations Transforming the IoT Sensors Industry?
4. Which Region Is Leading the IoT Sensors Market?
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