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'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:




  • 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



  • 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




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Global Market for IoT Sensors