Global IOT Sensors Market By Type (Image Sensor, Motion Sensor, Proximity Sensor, Pressure Sensor, Magnetometer, Humidity Sensor, Temperature Sensor, Touch Sensor, Accelerometer, Gyroscope, Flow Sensor and others), Technology (Wi-Fi, Wireless, Bluetooth, ZigBee, NFC, Z-Wave, RFID others), Vertical (Industrial IoT, Consumer IoT, Commercial IoT), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2030

Global IOT Sensors Market Overview

Increasing demand for integration of Industrial IoT (Iao) in sectors that demand sensor-based measurements for observations and decision support purposes to projected to drive the expansion of the IoT sensors market in the forecast period. Wearable technologies, such as wireless earphones and smartwatches, are becoming gradually popular, with technology becoming an essential part of the modern wardrobe that is further anticipated to drive the market's growth over the upcoming years.

Smart City initiatives are being implemented in various countries throughout the world as urbanization and population grow. Smart lighting, sensors, smart meters, and other connected devices are helping to improve the functionality and efficiency of infrastructure and other services. The growing number of smart homes, smart infrastructures, smart manufacturing, and Industry 4.0 projects is expected to change business models, boosting industry growth during the forecast period.Concerns over data security, on the other hand, are expected to hinder the expansion of the internet of things (IoT) sensor market throughout the forecast period.

Market Size

According to Business Intelligence Insights “ The global IOT sensors market" is expected to grow from USD 8,210.50 million in 2021 to USD 58794.12 million by 2030, at a CAGR of 27.90% during the forecast period 2022-2030

Covid -19 Impact Analysis

The unanticipated outbreak of Covid 19 has had a positive influence on market growth. COVID-19 has laid the groundwork for more adoption of IoT devices, which will boost the size of the IoT Sensor Market.

Sensors in the supply chain and production facilities are expected to be used by the companies to forecast the future demand. This will help in the optimization of production, distribution, and sales, lowering costs and enhancing sustainability. In many countries, a series of lockdowns has resulted in harmful mental health consequences. It has motivated people to adopt healthier lifestyles, which has increased the market for IoT applications. By 2023, organizational and individual factors are predicted to drive the growth of the IoT sensor market. However, in the post-COVID scenario, internet of things (IoT) sensor market is projected to be significantly impacted.

Market Dynamics

• Drivers
  • growing number of smart homes, smart infrastructures
  • Smart City initiatives are being implemented
• Restraints
  • Concerns over data security

Segmentation Insights

By Network Technology:

Wireless category dominated the market with more than 50% of the market share

The wireless connectivity type segment is expected to hold a higher share of the market, accounting for more than 50% in 2021  during the forecast period. The increasing demand for wireless data from mobile devices, connected cars, and smart grids, among other things, need a more reliable internet connection. Furthermore, emerging advanced technologies such as 5G mobile technology are predicted to deliver significantly quicker internet access and coverage, presenting high growth potential for wireless network technology.

By Sensor Type:

Pressure sensors category dominated the market with more than 36.3% of the market share

The sensors type come in variety of forms such astemperature sensors, humidity sensors, pressure sensors, proximity sensors, acoustic sensors, magnetic sensors, inertial sensors, gyro sensors, accelerometers, and others. In the worldwide IOT sensors industry,among other sensor types, the pressure sensors segment is expected to be the most attractive. Also, regulatory standards requiring the installation of onboard diagnostics to reduce greenhouse gas emissions will assist to drive demand for pressure sensors, resulting in significant market growth.

By Sensor Type

• Temperature Sensor
• Pressure Sensor
• Humidity Sensor
• Flow Sensor
• Accelerometer
• Magnetometer
• Gyroscope
• Inertial Sensor
• Image Sensor
• Touch Sensor
• Proximity Sensor
• Acoustic Sensor
• Motion Sensor
• Occupancy Sensor
• CO2 Sensor
• Others (Light sensor, and Radar sensor)

By Network Technology

• Wired
• Wireless
• ZIGBEE
• Z-WAVE
• NFC
• RFID
• ENOCEAN
• THREAD
• Glow PAN
• WIRELESS-HART
• Forces field bus
• DECT-ULE
• Others (ANT+, ISA100, GPS, Sub-Gig, and Cellular)

By Vertical

• Consumer
• Commercial
• Industrial

By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa
  • UAE
  • South Africa
  • Rest of Middle East and Africa (MEA)

Key Players

• Texas Instrument (US)
• TE Connectivity (Switzerland)
• Broadcom (US)
• NXP Semiconductors (Netherlands)
• STMicroelectronics (Switzerland)
• Bosch Sensor Tec (Germany)
• Others

Regional Insights

Asia Pacific dominated the market with more than 35% of the market share

In both developed and emerging countries, the Asia-Pacific IOT sensors market grew rapidly.North America is presently the largest market for IoT sensors holding more than 35 percent of the global market share.Because of its established manufacturers and early adoption of IoT technology in numerous industries. On the other hand, North America is one of the major markets.Most firms in this region are highly depending on IoT to monitor the performance of their products, avoiding costly breakdowns and unwanted maintenance shutdowns.

Table

Report Attributes	Details
Market Size Value in 2021	USD 8,210.50 million
Market Size Value in 2030	USD 58794.12 million
Growth Rate	+ 27.90%
Base Year	2021
Forecast Period	2022-2030
Historical Data	2018-2020
Forecast Units	(USD Million)
Countries Covered	North America: U.S and Canada Europe: Germany, France, Italy, U.K, Spain, Russia, Rest of Europe APAC: China, Japan, South Korea, India, Australia, South East Asia, Rest of Asia Pacific Latin America: Brazil, Mexico Middle East And Africa: Saudi Arab, South Africa, UAE
Segments Covered	By Sensor Type, By Network Technology, By Vertical, By Region
Competitive landscape	Leading companies, Competitive strategies and Consumer engagement scope
Customization is available	If our report does not contain the information you require, you can contact our experts to have segments created for you. Please contact us at sales@businessintelligence-insights.com if you have any questions

 

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