Global IoT Sensors Strategic Business Report 2023: Strong Growth in Smart Homes & Home Automation Bodes Well for the Growth of IoT Sensors


Dublin, May 16, 2023 (GLOBE NEWSWIRE) -- The "IoT Sensors: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for IoT Sensors estimated at US$8.1 Billion in the year 2022, is projected to reach a revised size of US$54.1 Billion by 2030, growing at a CAGR of 26.7% over the analysis period 2022-2030.

Pressure Sensors, one of the segments analyzed in the report, is projected to record a 28% CAGR and reach US$13.9 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Temperature Sensors segment is readjusted to a revised 24.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2.4 Billion, While China is Forecast to Grow at 25.5% CAGR

The IoT Sensors market in the U.S. is estimated at US$2.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$9 Billion by the year 2030 trailing a CAGR of 25.5% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 23.9% and 22.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 18.3% CAGR.

Select Competitors (Total 46 Featured) -

  • Analog Devices, Inc.
  • Bosch Sensortec GmbH
  • Broadcom Ltd.
  • General Electric Company
  • Infineon Technologies AG
  • Libelium Comunicaciones Distribuidas S.L.
  • Monnit Corporation
  • Murata Manufacturing Co., Ltd.
  • NXP Semiconductors NV
  • Omron Corporation
  • Sensata Technologies, Inc.
  • Sensirion AG
  • Siemens AB
  • Silicon Laboratories, Inc.
  • SmartThings
  • TDK Corporation
  • TE Connectivity
  • Texas Instruments, Inc.

Key Attributes:

Report AttributeDetails
No. of Pages246
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$8.1 Billion
Forecasted Market Value (USD) by 2030$54.1 Billion
Compound Annual Growth Rate26.8%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • IoT Sensors - Global Key Competitors Percentage Market Share in 2022 (E)
  • Global Competitor Market Shares
  • IoT Sensors Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Product Overview
  • Sensors: A Definition
  • Types of IoT Sensors & Their Applications

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Influencer Market Insights
  • World Market Trajectories
  • Expanding Ecosystem of IoT Connected Devices, the Cornerstone for Growth of IoT Sensors
  • Opportunities for the Use of Sensors Explodes in Sync with the Unstoppable Rise of the IoT Industry: Global IoT Spending by Industry Vertical (In US$ Billion) for the Years 2018 & 2020
  • The Front End of IoT, Sensors Remain Crucial to IoT Functions & Success
  • Growing Number of Connected Devices Drives Opportunities Across the IoT Technology Stack Including Sensors: Global Number of Active Connected IoT Devices (In Billion) for the Years 2017, 2019, 2021, 2023 & 2025
  • Costing Over US$250,000 to Build Multi-Level IoT Solutions, Smart Sensors Remain Vital for the Success of IoT Projects: Average IoT Project Cost Breakdown (In %) by Cost Component
  • Falling Cost of Sensors Catalyze Demand for IoT Sensors
  • Continuously Falling Cost of IoT Sensors to Spur Proliferation of Internet of Everything: Average Cost of IoT Sensors (In US$) for the Years 2004, 2010, 2016 and 2020
  • Strong Growth in Smart Homes & Home Automation Bodes Well for the Growth of IoT Sensors
  • The Robust Smart Home Industry Offers Lucrative Opportunities Across the Entire Spectrum of IoT Technology Stack: Global Smart Home Market (In US$ Billion) for the Years 2017, 2019, 2022 and 2024 by Type
  • The Rise of Smart Cities Opens the Flood Gates of Opportunity for IoT Sensors
  • It Takes Connected Sensors to Collect IoT Data & Build Smart Cities: Global Smart Cities Market (In US$ Billion) for the Years 2017, 2019, 2022 and 2024
  • Supported by a Bright Future in Healthcare, IoT Wearables Ranks Among the Many Growth Drivers in the Consumer IoT Space
  • Expanding Base of Wearable Devices Spurs Opportunities for IoT Sensors in Wearables: Global Number of Connected Wearable Devices (In Million) for the Years 2017, 2019 and 2022
  • Migration to Smart Agriculture Expands the Role of IoT in Agriculture in Enhancing Productivity & Yields
  • With Sensors Representing the Key Hardware for Building Intelligent IoT Systems, Robust Spending on IoT in Agriculture to Benefit Demand for Smart Agriculture Sensors: Global Smart Agriculture Market (In US$ Billion) for the Years 2018 & 2023
  • Rising Global Investments in Industry 4.0 Drives Demand for Cost Effective IoT Sensors
  • The Cultural Shift & Digital Makeover Driving Adoption of Industry 4.0 Opens the Flood Gates of Opportunity for IoT Sensors in Manufacturing: Global Smart Factory Market (In US$ Billion) for the Years 2018 and 2022
  • As the Backbone of IoT, Developments in Wireless Networking Technologies to Benefit Market Growth
  • Wireless Networking Technologies, A Primary Factor Influencing the Success of IoT Projects & Thereby Opportunities in the IoT Value Chain: Global Number of IoT Connections (In Million) by Connectivity Type for the Years 2017, 2019 and 2022
  • Sensor Fusion Makes IoT Sensors Smart
  • A Critical Step Towards Building Intelligent IoT Systems, IoT Sensor Functionality Moves from Data Acquisition to Data Fusion: Global Sensor Fusion Market (In US$ Billion) for the Years 2017, 2019, 2022
  • Miniaturization of Sensors: Key to Empowering IoT Applications
  • Strong Growth in Smart Homes & Home Automation Bodes Well for the Growth of IoT Sensors
  • Impact of Covid-19 and a Looming Global Recession

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/agdvs3

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Attachment

 
Global Market for IoT Sensors

Coordonnées