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IOT Sensors Market: Major Trends Reshaping the Future of the Industry
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the IOT Sensors Industry Market Size Be by 2025?
The market size of iot sensors has witnessed a significant surge in the past few years. The valuation is predicted to increase from $12.35 billion in 2024 to $15.66 billion in 2025, marking a compound annual growth rate (CAGR) of 26.8%. This exceptional expansion during the historic period is the result of advancements in connectivity, improvements in data analytics and big data, reduction in costs, development of smart cities and infrastructure, and the industrial Internet of Things (iiot).
What's the Long-Term Growth Forecast for the IOT Sensors Market Size Through 2029?
The market size for IoT sensors is anticipated to witness a swift expansion in the coming years, with an estimate to reach $31.63 billion by 2029, fostering at a compound annual growth rate (CAGR) of 19.2%. The advancements like 5G connectivity, edge computing, artificial intelligence and machine learning, alongside security and privacy, and energy harvesting, contribute to this expected growth during the forecasted period. The major trends to watch out for during this forecasted period include the miniaturization, the integration of multi-sensors, the growth of IoT sensor ecosystems, monitoring of environmental and sustainability factors, and the emergence of healthcare and wearable sensors.
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What Are the Key Growth Drivers Fueling the IOT Sensors Market Expansion?
The growth of the IoT sensors market is significantly impacted by the usage of IoT in the automotive and transportation fields. The incorporation of IoT into the car industry has paved new avenues for global vehicle manufacturers and consumers alike. IoT, utilised industrially and commercially, is fast becoming a focal point for various multifunctional applications in the car industry. It improves control, communication, and the delivery of data at any point of transport. Companies such as Mercedes-Benz, Volkswagen, Volvo, Toyota and Google Inc. are investing more and more into the creation of smart cars with high-end features, aiming for safer, more enjoyable, and more convenient driving experiences. Driverless vehicles are predicted to rule the industry by 2030, as per NASDAQ's estimates. Consequently, the use of IoT in the car and transport sectors is likely to spur the growth of the IoT sensors market.
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Which Emerging Trends Are Transforming the IOT Sensors Market in 2025?
Leading companies in the IoT sensors market are innovating with XENSIV sensors to amplify precision, efficacy, and intelligent use in IoT applications. These sensors provide high-level accuracy, energy efficiency, and scalable properties that cater to the vital needs of smart homes, industrial automation, and the auto industry. For example, in November 2022, Infineon Technologies, a semiconductor manufacturing business based out of Germany, introduced their XENSIV-connected sensor kit. This platform merges a variety of sensors, microcontrollers, and secure connectivity to simplify the development process for both hardware and software engineers. The CSK leverages Infineon's XENSIV sensors embedded with the PSoC 6 microcontroller and possesses features like rapid data visualization and compatibility with renowned cloud services like AWS IoT Core. It also comprises environmental sensors for monitoring carbon dioxide levels and presence detection ability, making it apt for smart home applications.
How Is the IOT Sensors Market Segmented?
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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Which Companies Are Leading the Charge in IOT Sensors Market Innovation?
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
Which Regions Are Leading the Global IOT Sensors Market in Revenue?
Asia-Pacific was the largest region in the IoT sensors market in 2024. 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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