IoT Sensors Market Size, Share & Trends Analysis Report By Type (Temperature Sensors, Motion Sensors, Light Sensors), By End Use (Consumer Electronics, Wearable Devices, Automotive & Transportation, Healthcare), By Region, And Segment Forecasts, 2024 - 20

IoT Sensors Market Size, Share & Trends Analysis Report By Type (Temperature Sensors, Motion Sensors, Light Sensors), By End Use (Consumer Electronics, Wearable Devices, Automotive & Transportation, Healthcare), By Region, And Segment Forecasts, 2024 - 2030

IoT Sensors Market Size & Trends

The global IoT sensors market size was estimated at USD 13.36 billion in 2023 and is expected to grow at a CAGR of 36.8% from 2024 to 2030. The market growth is attributed to the growing inclination for connected devices across several industry verticals, such as automotive, retail, healthcare, aerospace, defense, building automation, manufacturing, etc. Moreover, the growing significance of real-time data to optimize processes and workflows, identify errors, improve response times, and make data-driven strategies is creating lucrative opportunities for IoT sensors market.

Rapid urbanization across different parts of the world and simultaneous development of smart cities and proliferation of smart homes is positively influencing the IoT sensors market outlook. The popularity of smart homes and buildings is driving demand for sensors that collect data on temperature, humidity, lighting, and occupancy. This data facilitates remote monitoring, automated control, and improved energy efficiency. Besides, increasing demand for connected cars that are powered by IoT sensors for navigation, safety features, and autonomous driving technologies is also creating significant growth avenues for the market.

In addition, factors such as growing fitness consciousness, rising disposable incomes, and increasing consumer demand for smart gadgets are creating significant growth avenues for IoT sensors market. Increasing demand for smartwatches, fitness trackers, and health monitors is stimulating the demand for high-end sensors. Some smartwatches now feature blood oxygen sensors or electrocardiogram (ECG) sensors for advanced health monitoring. These gadgets essentially rely on IoT sensors which further fuels the product demand, accelerating the market expansion.

The growth of IoT sensors market is being further driven by the increasing focus of market players on innovation and technological advancements to develop cutting-edge sensor solutions that can effectively cater to the evolving consumer needs. For instance, in May 2024, Sensirion AG launched SLD3x, a miniature liquid flow sensor platform for drug delivery in subcutaneous processes. This solution has been designed to ensure precise dosing and improved patient care during various subcutaneous therapies. Such developments are expected to boost the market growth in coming years

Global IoT Sensors Market Report Segmentation

This report forecasts and estimates revenue growth at the global, regional, and country levels along with analyzes the latest market trends and opportunities in each one of the sub-segments from 2018 to 2030. For this study, Grand View Research has further segmented the global IoT sensors market report based on type, end use, and region:

• Type Outlook (Revenue, USD Million, 2018 - 2030)
• Temperature Sensors
• Motion Sensors
• Light Sensors
• Others
• End Use Outlook (Revenue, USD Million, 2018 - 2030)
• Consumer Electronics
• Wearable Devices
• Automotive & Transportation
• BFSI
• Healthcare
• Retail
• Building Automation
• Oil & Gas
• Agriculture
• Aerospace & Defense
• Others
• Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Asia Pacific
• Japan
• China
• India
• South Korea
• Australia
• Latin America
• Brazil
• Mexico
• Middle East and Africa (MEA)
• UAE
• Saudi Arabia
• South Africa

Please note The report will be delivered in 4-8 business days upon order notification.