Global IoT Sensors Market Growth 2023-2029

Global IoT Sensors Market Growth 2023-2029

Product Code:454847

Published Date: Feb 08,2023

Pages: 111

Region: Global

Category: Electronics & Semiconductor

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An IoT sensor is a device that takes input from the physical environment and uses built-in compute resources to perform predefined functions upon detection of specific input and then process data before passing it on. IoT platforms function and deliver valorous kind of intelligence and data using a variety of sensors. They serve to collect data, pushing it and sharing it with a whole network of connected devices. All this collected data makes it possible for devices to autonomously function. By combining a set of sensors and a communication network, devices share information with one another and are improving their effectiveness and functionality.

LPI (LP Information)' newest research report, the “IoT Sensors Industry Forecast” looks at past sales and reviews total world IoT Sensors sales in 2022, providing a comprehensive analysis by region and market sector of projected IoT Sensors sales for 2023 through 2029. With IoT Sensors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world IoT Sensors industry.

This Insight Report provides a comprehensive analysis of the global IoT Sensors landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on IoT Sensors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global IoT Sensors market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for IoT Sensors and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global IoT Sensors.

The global IoT Sensors market size is projected to grow from US$ 9415.8 million in 2022 to US$ 31210 million in 2029; it is expected to grow at a CAGR of 31210 from 2023 to 2029.

Geographically, Americas is the largest consumption country of IoT Sensors, with a revenue market share nearly 46% in 2020. The second region is Europe, with the market share of 35.11% in 2020. APAC is the fastest-growing region, especially China, which plays a more important role in the world. 
Currently, there are plenty of producing companies in the world. The top five IoT sensors producers are Pressure Sensor, Environmental Sensor, Optical Sensor, Chemical Sensor and Motion Sensor. Pressure Sensor Type is important in the market, with a consumption market share nearly 31.0% in 2020.

IoT Sensors used in Smart City, Connected Industry, Connected Building, Connected Car, Smart Energy, Connected Health and Smart Agriculture. It was showed that 24.04% of the IoT Sensors market demand in Smart City in 2020. The majority of Smart City projects are located in Europe, while the Americas, particularly North America, are strong in Connected Health and Connected Car. The Asia Pacific region is particularly strong in the area of Smart Agriculture projects.

IoT Sensors can be classified into Pressure Sensor, Environmental Sensor, Optical Sensor, Chemical Sensor, Motion Sensor and Others. Press sensor occupies nearly 31% of the market in 2019, which is the biggest number among all.

This report presents a comprehensive overview, market shares, and growth opportunities of IoT Sensors market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Pressure Sensor
    Environmental Sensor
    Optical Sensor
    Chemical Sensor
    Motion Sensor
    Others

Segmentation by application
    Smart City
    Connected Industry
    Connected Building
    Connected Car
    Smart Energy
    Connected Health
    Smart Agriculture
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Bosch
    Honeywell
    NXP
    Infineon
    Analog Devices
    Panasonic
    InvenSense
    TI
    Silicon Laboratories
    ABB
    STMicroelectronics
    TE Connectivity
    Huagong Tech
    Sensirion
    Zhonghang Electronic Measuring Instruments
    Vishay
    Hanwei Electronics
    Semtech
    Omron

Key Questions Addressed in this Report
What is the 10-year outlook for the global IoT Sensors market?
What factors are driving IoT Sensors market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do IoT Sensors market opportunities vary by end market size?
How does IoT Sensors break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?