Global Internet of Things (IoT) Sensor Market, By Sensor Type (Temperature Sensors, Pressure Sensors, Humidity Sensors, Flow Sensors, Accelerometers, Magnetometers, Gyroscopes, Inertial Sensors, Image Sensors, Touch Sensors, Proximity Sensors, Acoustic Sensors, Motion Sensors, Occupancy Sensors, CO2 Sensors and Light Sensors and Radar Sensors), Vertical (Consumer, Commercial and Industrial), Technology (Wireless and Wired Technology)-Industry Trends and Forecast to 2029.
Global Internet of Things (IoT) Sensor Market Analysis and Size
Level sensors are critical in effluent tanks for wastewater, distribution tanks for clean water, and pump stations for irrigation systems. The adoption of water treatment technology is expected to increase as a result of strict laws in developed regions such as the United States, the United Kingdom, and Germany, as well as measures that support government initiatives. Sensor market expansion is expected to be driven by the ability to provide improved accuracy, efficiency, and ease of installation and maintenance. Furthermore, suppliers have been turning to large product releases, which have been suggestive of the same.
- Data Bridge Market Research analyses that the internet of things (IoT) sensor market is expected to grow at a CAGR of 26.32% during the forecast period of 2022 to 2029, at a USD 8.4 billion in 2021 and is further estimated to reach USD 54.46 billion by 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2019 - 2014)
Revenue in USD Billion, Volumes in Units, Pricing in USD
Sensor Type (Temperature Sensors, Pressure Sensors, Humidity Sensors, Flow Sensors, Accelerometers, Magnetometers, Gyroscopes, Inertial Sensors, Image Sensors, Touch Sensors, Proximity Sensors, Acoustic Sensors, Motion Sensors, Occupancy Sensors, CO2 Sensors and Light Sensors and Radar Sensors), Vertical (Consumer, Commercial and Industrial), Technology (Wireless and Wired Technology)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered
Sierra Wireless, Inc. (Canada), Moxa Inc. (Taiwan), General Electric Company (US), Skyworks Solution Inc. (US), Infineon Technologies AG (Germany), Honeywell International Inc. (US), Texas Instruments Incorporated (US), Siemens (US), CANON MEDICAL SYSTEMS CORPORATION (Japan), NXP Semiconductors (Netherlands), STMicroelectronics (Switzerland), IBM (US), Sensata Technologies, Inc. (US), Robert Bosch GmbH (Germany), TE Connectivity (US) and Qualcomm Technologies, Inc. (US).
Global Internet of Things (IoT) Sensor Market Definition
IoT sensors are one of the most important and well-prepared with IoT cloud-based applications. It is wirelessly connected to the mainframe system that handles identification. The main goal is to collect data and control the nearby environment using a variety of sensors, such as humidity sensors and temperature sensors.
Internet of Things (IoT) Sensor Market Dynamics
Major factors that are expected to boost the growth of the internet of things (IoT) sensor market in the forecast period are as follows:
- Rise in the use of sensors in IoT applications
Sensors are being used in automotive, healthcare, and consumer items as a result of the fast reduction in sensor size and widespread adoption of microelectromechanical systems (MEMS) technology. This has contributed significantly to the overall expansion of the internet of things (IoT) sensor market.
- Technological developments
The market trends are being fueled by rapid technical innovation and a considerable demand for linked devices.
- Increase in the demand for connected and wearables devices
Wearable technologies, such as wireless earphones and smartwatches, are becoming increasingly popular, with technology becoming an intrinsic part of the modern wardrobe that is further anticipated to propel the market's growth.
In addition, the encouraging initiatives taken by the government and the growing funds for IoT projects is further estimated to provide potential opportunities for the growth of the internet of things (IoT) sensor market in the coming years.
Restraints/Challenges Global Internet of Things (IoT) Sensor Market
On the other hand, the concerns regarding data security is further projected to impede the growth of the internet of things (IoT) sensor market in the targeted period. However, the social distancing and supply chain disruptions because of COVID-19 which might further challenge the growth of the internet of things (IoT) sensor market in the near future.
This internet of things (IoT) sensor market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the internet of things (IoT) sensor market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 Impact on Internet of Things (IoT) Sensor Market
The pandemic of COVID-19 has had a huge impact on the internet of things (IoT) sensor market. Due to the spread of the virus in different parts of the world, global sales of IoT sensors for key industrial and commercial verticals fell by 10–15 percent. Short-term supply chain disruptions also hampered market expansion in key regions. However, in the post-COVID scenario, internet of things (IoT) sensor market is projected to be significantly impacted.
- In July 2020, Texas Instruments introduced the TMCS1100 and TMCS110, the industry's first zero-drift Hall-effect current sensors. According to the business, the new sensors can provide the lowest drift and best accuracy across time-temperature. On the other hand, they provide dependable 3-kVrms isolation, which is especially important for AC or DC high-voltage systems such as industrial motor drives, solar inverters, energy storage devices, and power supplies.
Global Internet of Things (IoT) Sensor Market Scope and Market Size
The internet of things (IoT) sensor market is segmented on the basis of sensor type, technology and vertical. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Temperature Sensors
- Pressure Sensors
- Humidity Sensors
- Flow Sensors
- Inertial Sensors
- Image Sensors
- Touch Sensors
- Proximity Sensors
- Acoustic Sensors
- Motion Sensors
- Occupancy Sensors
- CO2 Sensors and Light Sensors
- Radar Sensors
On the basis of sensor type, the internet of things (IoT) sensor market is segmented into temperature sensors, pressure sensors, humidity sensors, flow sensors, accelerometers, magnetometers, gyroscopes, inertial sensors, image sensors, touch sensors, proximity sensors, acoustic sensors, motion sensors, occupancy sensors, CO2 sensors and light sensors and radar sensors. Occupancy sensors is further sub segmented into image processing occupancy sensors, intelligent occupancy sensors.
On the basis of vertical, the internet of things (IoT) sensor market is segmented into consumer, commercial and industrial. Consumer is further sub segmented into wearable electronics, home automation and smart city. Commercial is further sub segmented into retail, aerospace and defence, logistics and supply chain, corporate offices, financial institutes and entertainment. Industrial is further sub segmented into industrial automation, healthcare, transportation, smart agriculture and energy.
- Wired Technology
On the basis of technology, the internet of things (IoT) sensor market is segmented into wireless and wired technology. Wired is further sub segmented into modbus, ethernet, lonworks, KNX, digital addressable lighting interface (DALI). Wireless is sub segmented into Wi-Fi, bluetooth, RFID, ZigBee, NFC, 6lowpan, wireless-hart (Whart), Z-wave, process field bus (Profibus), Dect-Ule, thread, Enocean and others.
Internet of Things (IoT) Sensor Market Regional Analysis/Insights
The internet of things (IoT) sensor market is analysed and market size insights and trends are provided by country, sensor type, technology and vertical as referenced above.
The countries covered in the internet of things (IoT) sensor market report are U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
North America dominates the internet of things (IoT) sensor market due to the increase in internet use in technologically advancing countries. Furthermore, the rise in the adoption of wireless sensors and networks across major applications, including automotive and transportation, industrial, healthcare, oil and gas, and consumer electronics will further boost the growth of the internet of things (IoT) sensor market in the region during the forecast period.
Asia-Pacific is projected to observe significant amount of growth in the internet of things (IoT) sensor market during the forecast period of 2022 to 2029 due to the quick industrialization. Moreover, the increase in the population is further anticipated to propel the growth of the internet of things (IoT) sensor market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Internet of Things (IoT) Sensor Market Share Analysis
The internet of things (IoT) sensor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to internet of things (IoT) sensor market.
Some of the major players operating in the internet of things (IoT) sensor market are:
- Sierra Wireless, Inc. (Canada)
- Moxa Inc. (Taiwan)
- General Electric Company (US)
- Skyworks Solution Inc. (US)
- Infineon Technologies AG (Germany)
- Honeywell International Inc. (US)
- Texas Instruments Incorporated (US)
- Siemens (US)
- CANON MEDICAL SYSTEMS CORPORATION (Japan)
- NXP Semiconductors (Netherlands)
- STMicroelectronics (Switzerland)
- IBM (US)
- Sensata Technologies, Inc. (US)
- Robert Bosch GmbH (Germany)
- TE Connectivity (US)
- Qualcomm Technologies, Inc. (US)
Research Methodology : Global Level Sensor Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-iot-sensors-market
Customization Available : Global Internet of Things (IoT) Sensor Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.