IoT Sensor Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027, Segmented By Sensor Type (Pressure Sensor, Temperature Sensor, Light Sensor, Chemical Sensor, Motion Sensor, Others (Touch Sensor, Proximity Sensor)), By Application (Industrial Automation, Connected & Smart Home, Smart Cities, Healthcare, Retail, Connected Cars, Aerospace & Defense, Smart A
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationIoT Sensor Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027, Segmented By Sensor Type (Pressure Sensor, Temperature Sensor, Light Sensor, Chemical Sensor, Motion Sensor, Others (Touch Sensor, Proximity Sensor)), By Application (Industrial Automation, Connected & Smart Home, Smart Cities, Healthcare, Retail, Connected Cars, Aerospace & Defense, Smart A
Global IoT sensor market was valued at USD 19.11 billion in 2021 and is expected to project a robust growth during the forecast period, registering a CAGR of 25.32% due to high adoption rate of IoT sensor across various industries.
IoT sensor is a device which provides an output with respect to a specific physical quantity. IoT sensors are used to measure various physical quantities such as temperature, pressure, humidity, soil moisture, heartbeat, and many more by converting signals from one energy domain to the electrical domain. They are used across various industries, including industrial automation, aerospace & defense, education, entertainment, smart cities, smart buildings, etc.
Increasing Demand for Connected Devices
Owing to the increasing penetration of urbanization, the demand for connected devices has increased globally. Smart wearable devices such as smart watches, fitness bands, GPS tracking bands, trackers, etc. are used to collect and analyze the data which helps in making smart decisions. Additionally, connected devices are used in various sectors, such as defense, lifestyle, fitness, sports and others for military command and control, to improve athletic performance, to monitor progression, etc. Moreover, increasing consumer awareness and higher adoption of connected devices in healthcare is likely to propel the global IoT sensor market.
Increasing adoption rate of IoT in Healthcare
The increasing adoption of IoT technology and solutions in the healthcare sector is expected to drive the global IoT sensor market. Most healthcare organizations are shifting to IoT solutions because of the benefits they provide, such as IoT devices like sensors used to monitor the patient's heartbeat, hygiene monitoring, glucose monitoring, and assisting in driving important insights related to various healthcare disorders. Sensors are also used to track the real-time location of medical equipment such as defibrillators, wheelchairs, oxygen pumps, nebulizers, and other monitoring equipment, in addition to monitoring patients' health. Furthermore, cloud computing integration with IoT is expected to boost the global IoT sensor market.
The Emergence of Smart City
The emergence of the smart city and the home automation have been gaining immense popularity worldwide. Smart homes make operations such
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Market Segmentation
While the United States IoT Sensor Market stood at USD 3.81 billion in the year 2021 and is projected to grow at a CAGR of 24.92% during the forecast period
Company Profiles
Texas Instruments, Broadcom Corporation, Murata Manufacturing, Invensense, Inc, Infineon Technologies AG, TE Connectivity, Infineon Technologies AG, ST Microelectronics, Siemens AG, Honeywell International, Inc, onsemi, Microchip Technology, Inc, Omron Corporation, Analog Devices, Inc are among the major market players in the
| Attribute | Details |
| Market size value in 2021 | USD 19.11 billion |
| Revenue Forecast in 2027 | USD 73.75 billion |
| United States Market size value in 2021 | USD 3.81 billion |
| Growth Rate | 25.32% |
| Base Year | 2021 |
| Historical Years | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD billion, volume in million units and CAGR for 2017-2021 and 2022E-2027F |
| Report Coverage | · Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Sensor Type · Application · Network Type |
| Regional Scope | North America, Asia-Pacific, Europe, Middle East & Africa, South America |
| Country Scope | United States, Canada, Mexico, Germany, United Kingdom, France, Italy, Spain, China, Japan, South Korea, India, Australia, Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Brazil, Colombia, Argentina |
| Key Companies Profiled | Texas Instruments, Broadcom Corporation, Murata Manufacturing, Invensense, Inc, Infineon Technologies AG, TE Connectivity, Infineon Technologies AG, ST Microelectronics, Siemens AG, Honeywell International, Inc, Onsemi, Microchip Technology, Inc, Omron Corporation, Analog Devices, Inc |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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