North America 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 North America Next-Generation IoT Sensors Market would witness market growth of 49.1% CAGR during the forecast period (2024-2031).
The US market dominated the North America 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 $15,522.7 million by 2031. The Canada market is experiencing a CAGR of 52.1% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 51% during (2024 - 2031).
Next-generation IoT sensors refer to advanced, highly sophisticated sensors designed to address the evolving needs of the Internet of Things (IoT) ecosystem. These sensors have moved beyond the limitations of traditional sensors by offering enhanced capabilities in terms of sensitivity, accuracy, miniaturization, energy efficiency, and connectivity.
Additionally, these features are essential for growing IoT applications across smart cities, industrial automation, healthcare, automotive, and agriculture industries. IoT, often described as the network of interconnected devices communicating with one another and humans via the internet, has become a cornerstone of modern digital transformation.
The next-generation IoT sensors market in North America is experiencing robust growth, primarily driven by the region's advanced technological infrastructure and widespread adoption of IoT solutions. As urbanization accelerates, U.S. cities are increasingly dependent on IoT technologies to improve public safety and manage resources efficiently. IoT sensors support these efforts, allowing real-time traffic, air quality, energy consumption, and public infrastructure monitoring. The U.S. government has actively proponent of smart city initiatives, channeling substantial funding toward deploying IoT technologies.
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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Next-Generation IoT Sensors Market, by Power Source
- 1.4.2 North America Next-Generation IoT Sensors Market, by Connectivity
- 1.4.3 North America Next-Generation IoT Sensors Market, by Sensor Type
- 1.4.4 North America Next-Generation IoT Sensors Market, by Deployment Type
- 1.4.5 North America Next-Generation IoT Sensors Market, by Technology
- 1.4.6 North America Next-Generation IoT Sensors Market, by End-Use
- 1.4.7 North America 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. North America Next-Generation IoT Sensors Market by Power Source
- 5.1 North America Battery-Powered Sensors Market by Country
- 5.2 North America Energy-Harvesting Sensors Market by Country
- 5.3 North America Plugged-In Sensors Market by Country
- Chapter 6. North America Next-Generation IoT Sensors Market by Connectivity
- 6.1 North America Wi-Fi Market by Region
- 6.2 North America Bluetooth Market by Region
- 6.3 North America ZigBee Market by Region
- 6.4 North America LPWAN Market by Region
- 6.5 North America 5G & Other Market by Region
- Chapter 7. North America Next-Generation IoT Sensors Market by Sensor Type
- 7.1 North America Temperature Sensors Market by Country
- 7.2 North America Pressure Sensors Market by Country
- 7.3 North America Motion Sensors Market by Country
- 7.4 North America Proximity Sensors Market by Country
- 7.5 North America Image Sensors Market by Country
- 7.6 North America Other Sensor Type Market by Country
- Chapter 8. North America Next-Generation IoT Sensors Market by Deployment Type
- 8.1 North America Cloud-Based Market by Country
- 8.2 North America On-Premises Market by Country
- Chapter 9. North America Next-Generation IoT Sensors Market by Technology
- 9.1 North America MEMS (Micro-Electro-Mechanical Systems) Market by Country
- 9.2 North America CMOS (Complementary Metal-Oxide-Semiconductor) Market by Country
- 9.3 North America NEMS (Nano-Electro-Mechanical Systems) Market by Country
- 9.4 North America RFID (Radio Frequency Identification) Market by Country
- 9.5 North America Other Technology Market by Country
- Chapter 10. North America Next-Generation IoT Sensors Market by End-Use
- 10.1 North America Healthcare Market by Country
- 10.2 North America Automotive Market by Country
- 10.3 North America Manufacturing & Industrial Market by Country
- 10.4 North America Energy & Utilities Market by Country
- 10.5 North America Consumer Electronics Market by Country
- 10.6 North America Transportation & Logistics Market by Country
- 10.7 North America Retail & Other Market by Country
- Chapter 11. North America Next-Generation IoT Sensors Market by Country
- 11.1 US Next-Generation IoT Sensors Market
- 11.1.1 US Next-Generation IoT Sensors Market by Power Source
- 11.1.2 US Next-Generation IoT Sensors Market by Connectivity
- 11.1.3 US Next-Generation IoT Sensors Market by Sensor Type
- 11.1.4 US Next-Generation IoT Sensors Market by Deployment Type
- 11.1.5 US Next-Generation IoT Sensors Market by Technology
- 11.1.6 US Next-Generation IoT Sensors Market by End-Use
- 11.2 Canada Next-Generation IoT Sensors Market
- 11.2.1 Canada Next-Generation IoT Sensors Market by Power Source
- 11.2.2 Canada Next-Generation IoT Sensors Market by Connectivity
- 11.2.3 Canada Next-Generation IoT Sensors Market by Sensor Type
- 11.2.4 Canada Next-Generation IoT Sensors Market by Deployment Type
- 11.2.5 Canada Next-Generation IoT Sensors Market by Technology
- 11.2.6 Canada Next-Generation IoT Sensors Market by End-Use
- 11.3 Mexico Next-Generation IoT Sensors Market
- 11.3.1 Mexico Next-Generation IoT Sensors Market by Power Source
- 11.3.2 Mexico Next-Generation IoT Sensors Market by Connectivity
- 11.3.3 Mexico Next-Generation IoT Sensors Market by Sensor Type
- 11.3.4 Mexico Next-Generation IoT Sensors Market by Deployment Type
- 11.3.5 Mexico Next-Generation IoT Sensors Market by Technology
- 11.3.6 Mexico Next-Generation IoT Sensors Market by End-Use
- 11.4 Rest of North America Next-Generation IoT Sensors Market
- 11.4.1 Rest of North America Next-Generation IoT Sensors Market by Power Source
- 11.4.2 Rest of North America Next-Generation IoT Sensors Market by Connectivity
- 11.4.3 Rest of North America Next-Generation IoT Sensors Market by Sensor Type
- 11.4.4 Rest of North America Next-Generation IoT Sensors Market by Deployment Type
- 11.4.5 Rest of North America Next-Generation IoT Sensors Market by Technology
- 11.4.6 Rest of North America 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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