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IOT Revolutionizes Automotive And Transport Fueling Growth In The Iot Sensors Market: The Driving Engine Behind IoT Sensors Market Evolution in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.IoT Sensors Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a tremendous increase in the market size of IoT sensors. It's projected to expand from $12.21 billion in 2024 to a whopping $15.62 billion in 2025, with a compound annual growth rate (CAGR) of 28.0%. This considerable growth during the historical period can be traced back to several factors such as advancements in connectivity, data analytics and big data, decreased costs, the development of smart cities and infrastructure, as well as industrial IoT (iiot).
How Will the IoT Sensors Market Size Evolve and Grow by 2029?
In the upcoming years, the market size of IoT sensors is projected to experience a swift expansion. The value is predicted to rise to $32.34 billion by 2029, with a compound annual growth rate (CAGR) of 20.0%. This surge over the forecast duration is linked to developments in 5g connectivity, edge computing, artificial intelligence and machine learning, as well as security and privacy, and energy harvesting. The key trends predicted for this period involve the miniaturization of sensors, multi-sensor integration, IoT sensor ecosystems, and monitoring of environmental and sustainability factors. The healthcare sector and wearable sensors are also expected to make significant contributions.
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What Drivers Are Propelling the Growth of IoT Sensors Market Forward?
The growth of the IoT sensors market is largely influenced by its application in the automotive and transport sectors. Embracing IoT in these industries has paved the way for incredible opportunities for both vehicle manufacturers and consumers all over the globe. The industrial and commercial use of IoT, particularly for versatile multi-functional applications in the automotive sector, has made it a prominent attraction. It provides superior communication, control and data dissemination across all transportation routes. Big names in the industry like Mercedes-Benz, Volkswagen, Volvo, Toyota, and Google Inc. are making significant investments towards creating intelligent cars, aiming to enrich driving experiences with amplified health, convenience, and enjoyment factors. Driverless vehicles, as per NASDAQ's forecast, may become the industry's primary focus by 2030. As a result, the use of IoT in automotive and transport industries is projected to be a notable driving force for the growth of the IoT sensors market.
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Which Emerging Trends Are Transforming the IoT Sensors Market in 2025?
Major players in the IoT sensor market are innovating XENSIV sensors to boost accuracy, effectiveness, and smartness in IoT usages. XENSIV sensors provide high precision, energy efficiency, and expandable features, fulfilling crucial needs in fields like smart homes, industrial automation, and auto industries. For example, Infineon Technologies, a German company specializing in semiconductor production, unveiled a XENSIV-connected sensor kit in November 2022. This framework amalgamates different sensors, microcontrollers, and secure connections to simplify the creation process for hardware and software developers. The CSK uses Infineon's XENSIV sensors combined with the PSoC 6 microcontroller and comes with benefits like swift data visualization and compatibility with widely used cloud services such as AWS IoT Core. It incorporates sensors for monitoring carbon dioxide levels and presence detection capabilities, making it ideal for smart home utilizations.
What Are the Key Segments in the IoT Sensors Market?
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, Healthcare Application, Retailing And Logistics Application, Security Application, Agriculture Application, Other Applications
3) By End-user Industry: Healthcare, 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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Who Are the Key Players Shaping the IoT Sensors Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the IoT Sensors Market?
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
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