IoT Sensors Market by Sensor Type (Accelerometer, Acoustic Sensor, Co2 Sensor), Network Technology (Wired, Wireless), Vertical - Global Forecast 2024-2030

IoT Sensors Market by Sensor Type (Accelerometer, Acoustic Sensor, Co2 Sensor), Network Technology (Wired, Wireless), Vertical - Global Forecast 2024-2030

The IoT Sensors Market size was estimated at USD 15.05 billion in 2023 and expected to reach USD 19.07 billion in 2024, at a CAGR 26.79% to reach USD 79.31 billion by 2030.

Internet of Things (IoT) sensors are the foundational components that enable the smart functionality of IoT devices and systems. These sensors collect data from their environment, which can include a wide variety of metrics such as temperature, humidity, motion, light intensity, and much more. The data gathered by IoT sensors are then transmitted to an IoT platform and processor for analysis, leading to actionable insights & automated decisions. The growing demand for smart gadgets, along with the increased need for real-time computing of applications, is driving the adoption of Internet of Things (IoT) sensors. Despite the promising growth trajectory, the IoT sensors market faces limitations such as data security & privacy concerns and interoperability issues among disparate IoT systems. Furthermore, the development of ultra-low-power and energy-harvesting sensors and advancements in nano-technology & materials science create potential opportunities for market growth.

Regional Insights

In the American region, the United States and Canada dominate the IoT sensors market. High consumer electronics adoption, advanced healthcare infrastructure, and significant investments in smart cities and industrial IoT drive the demand. Innovation across the region focuses on enhancing sensor efficiencies and developing new applications, signaling ongoing innovation. In Europe, countries such as Germany, the UK, and France lead in adopting IoT technologies, influenced by robust industrial sectors and smart city projects. EU countries' emphasis on quality and reliability dictates purchasing behaviors. Consumers and businesses prioritize energy-efficient, durable, and versatile sensors for varied applications, from smart homes to industrial maintenance. The Middle East, with initiatives, is rapidly adopting IoT sensors for security, utilities, and transportation. China, Japan, and India are at the forefront of the Asia Pacific region's IoT sensors market. China's massive manufacturing base and the government's push for IoT in industries have made it a global leader. Japan's focus on robotics and automation, along with government initiatives, bolster its market position. India's market is growing, spurred by smart city projects and agriculture sector innovations.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the IoT Sensors Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Increased demand for automated decision-making and remote monitoring from various industries
Growing proliferation of high speed internet connectivity across the globe
Rapid adoption of micro electro mechanical systems technology in IoT

Market Restraints

Concerns associated with the data security and privacy

Market Opportunities

Technological advancement for ultra-low-power and energy-harvesting sensors
Supportive government initiatives and funds for IoT projects

Market Challenges

Interoperability issues associated with the disparate IoT systems

Market Segmentation Analysis

Sensor Type: Increasing application of flow sensors in chemical industries due to high precision and compatibility with various fluids
Vertical: Expanding applications of IoT in commercial sector with enhance safety and security

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the IoT Sensors Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the IoT Sensors Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Nozomi Networks launches IoT security sensor Guardian Air in Australia

Nozomi Networks introduces Guardian Air, a pioneering wireless IoT spectrum sensor delivered in collaboration with CyberCX and The Missing Link. This innovative solution is specifically designed to enhance visibility and security in operational technology (OT) and IoT spheres by monitoring crucial wireless frequency technologies such as Bluetooth and Wi-Fi.

Energous and InPlay Launch Low Maintenance Wireless Sensors for IoT industrial Applications.

Energous Corporation, a pioneer in RF-based wireless power networks, has entered into an alliance with InPlay Inc., a renowned developer of low-power wireless communication technologies for the Industrial IoT sector, to debut a novel battery-free solution for monitoring temperature and humidity. This groundbreaking initiative combines Energous' innovative PowerBridge technology with InPlay's advanced Bluetooth low-energy beacon system, aiming to revolutionize the Industrial IoT ecosystem by providing a more reliable, cost-efficient, and energy-saving sensor solution.

Cerebrum’s launches IoT tyre sensor technology

Cerebrum Sensor Technologies has unveiled its revolutionary Intelligent Tire Solutions, a cutting-edge IoT tire sensor technology, in collaboration with the premier vehicle and tire OEMs. This advanced suite of solutions leverages tire sensors merged with unique algorithms to meticulously monitor an array of tire conditions such as pressure, temperature, tread health, load, and alignment.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the IoT Sensors Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the IoT Sensors Market, highlighting leading vendors and their innovative profiles. These include ams-OSRAM AG, Analog Devices, Inc., Cerebrum Sensor, Energous Corporation., Esensors Inc., Infineon Technologies AG, Knowles Corporation, Monnit Corporation, Murata Manufacturing Co., Ltd., Nozomi Networks Inc., NXP Semiconductors N.V., Omron Corporation, Pragmatic Semiconductor Limited, Robert Bosch GmbH, SENSONEO j.s.a., Siemens AG, Silicon Laboratories Inc., Sony Group Corporation, STMicroelectronics N.V., TDK Corporation, TE Connectivity Ltd., Texas Instruments Incorporated, and Vighnaharta Technologies.

Market Segmentation & Coverage

This research report categorizes the IoT Sensors Market to forecast the revenues and analyze trends in each of the following sub-markets:

Sensor Type
Accelerometer
Acoustic Sensor
Co2 Sensor
Flow Sensor
Gyroscope
Humidity Sensor
Image Sensor
Inertial Sensor
Magnetometer
Motion Sensor
Occupancy Sensor
Pressure Sensor
Proximity Sensor
Temperature Sensor
Touch Sensor
Network Technology
Wired
Digital Addressable Lighting Interface
Ethernet
KNX
Lonworks
Modbus
Wireless
Bluetooth
NFC
RFID
Wi-Fi
Z-Wave
Zigbee
Vertical
Commercial
Industrial
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

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