Europe Next-Generation IoT Sensors Market Size, Share & Trends Analysis Report By Power Source, By Connectivity, By Sensor Type, By Deployment Type, By Technology, By End-Use, By Country and Growth Forecast, 2024 - 2031
The Europe Next-Generation IoT Sensors Market would witness market growth of 49.7% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Next-Generation IoT Sensors Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,416.4 million by 2031. The UK market is exhibiting a CAGR of 48.4% during (2024 - 2031). Additionally, The France market would experience a CAGR of 50.8% during (2024 - 2031).
The next-generation IoT sensors are emerging as the key enablers of this data-driven world, offering advanced capabilities critical for various applications, from industrial automation to smart cities, healthcare, automotive, and agriculture.
Moreover, one of the key growth drivers for the next-generation IoT sensors market is the rise of connected devices and the growing reliance on IoT in industrial automation. Manufacturing, agriculture, oil and gas, logistics, and utilities increasingly turn to IoT solutions to drive operational efficiency, improve worker safety, reduce downtime, and streamline processes
The demand for next-generation IoT sensors in Europe has surged as industries across the continent focus on automation, sustainability, and precision. The European Commission has allocated over €9.2 billion under its Digital Europe Programme for digital transformation and innovation from 2021 to 2027. This funding is directed towards manufacturing, automotive, aerospace, and food processing sectors, which increasingly rely on highly accurate and dependable IoT sensors to enhance automation, improve quality control, and ensure safety. The strong emphasis on digitalization and smart technologies in these industries is accelerating the adoption of IoT sensors across Europe, contributing to regional market expansion.
Based on Power Source, the market is segmented into Battery-Powered Sensors, Energy-Harvesting Sensors, and Plugged-In Sensors. Based on Connectivity, the market is segmented into Wi-Fi, Bluetooth, ZigBee, LPWAN, and 5G & Other. Based on Sensor Type, the market is segmented into Temperature Sensors, Pressure Sensors, Motion Sensors, Proximity Sensors, Image Sensors, and Other Sensor Type. Based on Deployment Type, the market is segmented into Cloud-Based and On-Premises. Based on Technology, the market is segmented into MEMS (Micro-Electro-Mechanical Systems), CMOS (Complementary Metal-Oxide-Semiconductor), NEMS (Nano-Electro-Mechanical Systems), RFID (Radio Frequency Identification), and Other Technology. Based on End-Use, the market is segmented into Healthcare, Automotive, Manufacturing & Industrial, Energy & Utilities, Consumer Electronics, Transportation & Logistics, and Retail & Other. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- STMicroelectronics N.V.
- NXP Semiconductors N.V.
- Honeywell International, Inc.
- Siemens AG
- Robert Bosch GmbH
- Infineon Technologies AG
- ABB Group
- Analog Devices, Inc.
- Texas Instruments, Inc.
- TE Connectivity Ltd.
By Power Source
- Battery-Powered Sensors
- Energy-Harvesting Sensors
- Plugged-In Sensors
- Wi-Fi
- Bluetooth
- ZigBee
- LPWAN
- 5G & Other
- Temperature Sensors
- Pressure Sensors
- Motion Sensors
- Proximity Sensors
- Image Sensors
- Other Sensor Type
- Cloud-Based
- On-Premises
- MEMS (Micro-Electro-Mechanical Systems)
- CMOS (Complementary Metal-Oxide-Semiconductor)
- NEMS (Nano-Electro-Mechanical Systems)
- RFID (Radio Frequency Identification)
- Other Technology
- Healthcare
- Automotive
- Manufacturing & Industrial
- Energy & Utilities
- Consumer Electronics
- Transportation & Logistics
- Retail & Other
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Next-Generation IoT Sensors Market, by Power Source
- 1.4.2 Europe Next-Generation IoT Sensors Market, by Connectivity
- 1.4.3 Europe Next-Generation IoT Sensors Market, by Sensor Type
- 1.4.4 Europe Next-Generation IoT Sensors Market, by Deployment Type
- 1.4.5 Europe Next-Generation IoT Sensors Market, by Technology
- 1.4.6 Europe Next-Generation IoT Sensors Market, by End-Use
- 1.4.7 Europe Next-Generation IoT Sensors Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Nov – 2024, Feb) Leading Players
- 4.5 Porter Five Forces Analysis
- Chapter 5. Europe Next-Generation IoT Sensors Market by Power Source
- 5.1 Europe Battery-Powered Sensors Market by Country
- 5.2 Europe Energy-Harvesting Sensors Market by Country
- 5.3 Europe Plugged-In Sensors Market by Country
- Chapter 6. Europe Next-Generation IoT Sensors Market by Connectivity
- 6.1 Europe Wi-Fi Market by Country
- 6.2 Europe Bluetooth Market by Country
- 6.3 Europe ZigBee Market by Country
- 6.4 Europe LPWAN Market by Country
- 6.5 Europe 5G & Other Market by Country
- Chapter 7. Europe Next-Generation IoT Sensors Market by Sensor Type
- 7.1 Europe Temperature Sensors Market by Country
- 7.2 Europe Pressure Sensors Market by Country
- 7.3 Europe Motion Sensors Market by Country
- 7.4 Europe Proximity Sensors Market by Country
- 7.5 Europe Image Sensors Market by Country
- 7.6 Europe Other Sensor Type Market by Country
- Chapter 8. Europe Next-Generation IoT Sensors Market by Deployment Type
- 8.1 Europe Cloud-Based Market by Country
- 8.2 Europe On-Premises Market by Country
- Chapter 9. Europe Next-Generation IoT Sensors Market by Technology
- 9.1 Europe MEMS (Micro-Electro-Mechanical Systems) Market by Country
- 9.2 Europe CMOS (Complementary Metal-Oxide-Semiconductor) Market by Country
- 9.3 Europe NEMS (Nano-Electro-Mechanical Systems) Market by Country
- 9.4 Europe RFID (Radio Frequency Identification) Market by Country
- 9.5 Europe Other Technology Market by Country
- Chapter 10. Europe Next-Generation IoT Sensors Market by End-Use
- 10.1 Europe Healthcare Market by Country
- 10.2 Europe Automotive Market by Country
- 10.3 Europe Manufacturing & Industrial Market by Country
- 10.4 Europe Energy & Utilities Market by Country
- 10.5 Europe Consumer Electronics Market by Country
- 10.6 Europe Transportation & Logistics Market by Country
- 10.7 Europe Retail & Other Market by Country
- Chapter 11. Europe Next-Generation IoT Sensors Market by Country
- 11.1 Germany Next-Generation IoT Sensors Market
- 11.1.1 Germany Next-Generation IoT Sensors Market by Power Source
- 11.1.2 Germany Next-Generation IoT Sensors Market by Connectivity
- 11.1.3 Germany Next-Generation IoT Sensors Market by Sensor Type
- 11.1.4 Germany Next-Generation IoT Sensors Market by Deployment Type
- 11.1.5 Germany Next-Generation IoT Sensors Market by Technology
- 11.1.6 Germany Next-Generation IoT Sensors Market by End-Use
- 11.2 UK Next-Generation IoT Sensors Market
- 11.2.1 UK Next-Generation IoT Sensors Market by Power Source
- 11.2.2 UK Next-Generation IoT Sensors Market by Connectivity
- 11.2.3 UK Next-Generation IoT Sensors Market by Sensor Type
- 11.2.4 UK Next-Generation IoT Sensors Market by Deployment Type
- 11.2.5 UK Next-Generation IoT Sensors Market by Technology
- 11.2.6 UK Next-Generation IoT Sensors Market by End-Use
- 11.3 France Next-Generation IoT Sensors Market
- 11.3.1 France Next-Generation IoT Sensors Market by Power Source
- 11.3.2 France Next-Generation IoT Sensors Market by Connectivity
- 11.3.3 France Next-Generation IoT Sensors Market by Sensor Type
- 11.3.4 France Next-Generation IoT Sensors Market by Deployment Type
- 11.3.5 France Next-Generation IoT Sensors Market by Technology
- 11.3.6 France Next-Generation IoT Sensors Market by End-Use
- 11.4 Russia Next-Generation IoT Sensors Market
- 11.4.1 Russia Next-Generation IoT Sensors Market by Power Source
- 11.4.2 Russia Next-Generation IoT Sensors Market by Connectivity
- 11.4.3 Russia Next-Generation IoT Sensors Market by Sensor Type
- 11.4.4 Russia Next-Generation IoT Sensors Market by Deployment Type
- 11.4.5 Russia Next-Generation IoT Sensors Market by Technology
- 11.4.6 Russia Next-Generation IoT Sensors Market by End-Use
- 11.5 Spain Next-Generation IoT Sensors Market
- 11.5.1 Spain Next-Generation IoT Sensors Market by Power Source
- 11.5.2 Spain Next-Generation IoT Sensors Market by Connectivity
- 11.5.3 Spain Next-Generation IoT Sensors Market by Sensor Type
- 11.5.4 Spain Next-Generation IoT Sensors Market by Deployment Type
- 11.5.5 Spain Next-Generation IoT Sensors Market by Technology
- 11.5.6 Spain Next-Generation IoT Sensors Market by End-Use
- 11.6 Italy Next-Generation IoT Sensors Market
- 11.6.1 Italy Next-Generation IoT Sensors Market by Power Source
- 11.6.2 Italy Next-Generation IoT Sensors Market by Connectivity
- 11.6.3 Italy Next-Generation IoT Sensors Market by Sensor Type
- 11.6.4 Italy Next-Generation IoT Sensors Market by Deployment Type
- 11.6.5 Italy Next-Generation IoT Sensors Market by Technology
- 11.6.6 Italy Next-Generation IoT Sensors Market by End-Use
- 11.7 Rest of Europe Next-Generation IoT Sensors Market
- 11.7.1 Rest of Europe Next-Generation IoT Sensors Market by Power Source
- 11.7.2 Rest of Europe Next-Generation IoT Sensors Market by Connectivity
- 11.7.3 Rest of Europe Next-Generation IoT Sensors Market by Sensor Type
- 11.7.4 Rest of Europe Next-Generation IoT Sensors Market by Deployment Type
- 11.7.5 Rest of Europe Next-Generation IoT Sensors Market by Technology
- 11.7.6 Rest of Europe Next-Generation IoT Sensors Market by End-Use
- Chapter 12. Company Profiles
- 12.1 STMicroelectronics N.V.
- 12.1.1 Company Overview
- 12.1.2 Financial Analysis
- 12.1.3 Segmental and Regional Analysis
- 12.1.4 Research & Development Expenses
- 12.1.5 Recent strategies and developments:
- 12.1.5.1 Partnerships, Collaborations, and Agreements:
- 12.1.5.2 Product Launches and Product Expansions:
- 12.1.6 SWOT Analysis
- 12.2 Texas Instruments, Inc.
- 12.2.1 Company Overview
- 12.2.2 Financial Analysis
- 12.2.3 Segmental and Regional Analysis
- 12.2.4 Research & Development Expense
- 12.2.5 Recent strategies and developments:
- 12.2.5.1 Partnerships, Collaborations, and Agreements:
- 12.2.6 SWOT Analysis
- 12.3 NXP Semiconductors N.V.
- 12.3.1 Company Overview
- 12.3.2 Financial Analysis
- 12.3.3 Regional Analysis
- 12.3.4 Research & Development Expenses
- 12.3.5 Recent strategies and developments:
- 12.3.5.1 Partnerships, Collaborations, and Agreements:
- 12.3.6 SWOT Analysis
- 12.4 Infineon Technologies AG
- 12.4.1 Company Overview
- 12.4.2 Financial Analysis
- 12.4.3 Segmental and Regional Analysis
- 12.4.4 Research & Development Expense
- 12.4.5 Recent strategies and developments:
- 12.4.5.1 Partnerships, Collaborations, and Agreements:
- 12.4.5.2 Product Launches and Product Expansions:
- 12.4.5.3 Acquisition and Mergers:
- 12.4.6 SWOT Analysis
- 12.5 Honeywell International, Inc.
- 12.5.1 Company Overview
- 12.5.2 Financial Analysis
- 12.5.3 Segmental and Regional Analysis
- 12.5.4 Research & Development Expenses
- 12.5.5 Recent strategies and developments:
- 12.5.5.1 Product Launches and Product Expansions:
- 12.5.6 SWOT Analysis
- 12.6 Siemens AG
- 12.6.1 Company Overview
- 12.6.2 Financial Analysis
- 12.6.3 Segmental and Regional Analysis
- 12.6.4 Research & Development Expense
- 12.6.5 Recent strategies and developments:
- 12.6.5.1 Acquisition and Mergers:
- 12.6.6 SWOT Analysis
- 12.7 Robert Bosch GmbH
- 12.7.1 Company Overview
- 12.7.2 Financial Analysis
- 12.7.3 Segmental and Regional Analysis
- 12.7.4 Research & Development Expense
- 12.7.5 Recent strategies and developments:
- 12.7.5.1 Partnerships, Collaborations, and Agreements:
- 12.7.5.2 Acquisition and Mergers:
- 12.7.6 SWOT Analysis
- 12.8 ABB Group
- 12.8.1 Company Overview
- 12.8.2 Financial Analysis
- 12.8.3 Segmental and Regional Analysis
- 12.8.4 Research & Development Expense
- 12.8.5 Recent strategies and developments:
- 12.8.5.1 Partnerships, Collaborations, and Agreements:
- 12.8.5.2 Acquisition and Mergers:
- 12.8.6 SWOT Analysis
- 12.9 Analog Devices, Inc.
- 12.9.1 Company Overview
- 12.9.2 Financial Analysis
- 12.9.3 Regional Analysis
- 12.9.4 Research & Development Expenses
- 12.9.5 SWOT Analysis
- 12.10. TE Connectivity Ltd.
- 12.10.1 Company Overview
- 12.10.2 Financial Analysis
- 12.10.3 Segmental and Regional Analysis
- 12.10.4 Research & Development Expense
- 12.10.5 Recent strategies and developments:
- 12.10.5.1 Partnerships, Collaborations, and Agreements:
- 12.10.5.2 Mergers & Acquisition:
- 12.10.6 SWOT Analysis
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