SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community




TMCNet:  IoT Sensors Market to be Worth $71.6 Billion by 2031- Exclusive Report by Meticulous Research®

[May 16, 2024]

IoT Sensors Market to be Worth $71.6 Billion by 2031- Exclusive Report by Meticulous Research®

REDDING, Calif., May 16, 2024 /PRNewswire/ -- According to a new market research report titled, 'IoT Sensors Market by Offering (Image Sensors, RFID Sensors, Biosensors, Humidity Sensors, Optical Sensors, Others), Technology (Wired, Wireless), Sector (Manufacturing, Retail, Consumer Electronics, Others), & Geography—Global Forecast to 2031,' in terms of value, the IoT sensors market is projected to reach $71.6 billion by 2031, at a CAGR of 23.9% during the forecast period 2024–2031. Also, in terms of volume, the IoT sensors market is projected to reach 5,93,79,81,126 units by 2031, at a CAGR of 25.2% during the forecast period 2024–2031.

Meticulous Market Research Pvt. Ltd.

Download Sample Report Now- https://www.meticulousresearch.com/download-sample-report/cp_id=5738 

IoT sensors are devices that collect data from the physical world and transmit it to other devices or systems over the internet or a network. These sensors are a crucial component of IoT technology that gathers data such as temperature, humidity, motion, light, pressure, and distance, among others. IoT sensors are used in a wide range of applications, such as smart homes, industrial automation, smart cities, agriculture, environmental monitoring, healthcare, energy management, logistics, retail, and transportation.

Organizations are increasingly adopting IoT sensors for various applications such as monitoring, tracking, asset management, maintenance, and safety. As technology continues to advance, new and innovative uses for IoT sensors are emerging to increase efficiency and sustainability and improve quality of life across various domains. Factors such as the advent of Industry 4.0, increasing government initiatives for the adoption of IoT devices, and incorporation of IoT sensors in smart cities are further supporting the growth of the IoT sensor market.

Based on offering, the IoT sensors market is segmented into humidity sensors, temperature sensors, proximity sensors, pressure sensors, image sensors, gas sensors, level sensors, accelerometer sensors, flow sensors, biosensors, RFID sensors, optical sensors, and other IoT sensors. In 2024, the image sensors segment is expected to account for the largest share of 16.4% of the IoT sensors market. The large market share of this segment is attributed to the rising demand for image sensors in mobile devices and increasing developments by market players in this market. For instance, in March 2022, STMicroelectronics N.V. (Switzerland) launched VD55H1, a new family of high-resolution Time-of-Flight (ToF) sensors designed to provide advanced 3D depth imaging capabilities to smartphones and other devices. These sensors can detect objects at distances of up to five meters from the sensor and even further when combined with patterned illumination. They enhance the performance of camera-system features, including the bokeh effect, multi-camera selection, and video segmentation.

Get a Glimpse Inside: Request Sample Pages- https://www.meticulousresearch.com/request-sample-report/cp_id=5738 

Based on technology, the IoT sensors market is segmented into wired technology and wireless technology. In 2024, the wireless technology segment is expected to account for the larger share of 82.5% of the IoT sensors market. The large market share of this segment is attributed to the increasing use of wireless sensor networks for various applications and the increasing adoption of IoT devices across various sectors. Wireless sensor networks are utilized across various sectors to measure environmental conditions such as temperature, sound, pollution levels, humidity, wind speed and direction, and pressure. Wireless sensors are preferred over wired sensors as they are more cost-effective to install and easier to maintain.

Based on sector, the global IoT sensors market is segmented into agriculture, manufacturing, retail, energy & utilities, oil & gas, transportation & logistics, healthcare, consumer electronics, and other sectors. In 2024, the manufacturing segment is expected to account for the largest share of 27.4% of the IoT sensors market. The large market share of this segment is attributed to the supportive government initiatives aimed at promoting the adoption of IoT devices in manufacturing, the rising adoption of smart manufacturing across developing countries, and the increasing number of smart factories. For instance, in March 2023, the Government of India launched IoT sensor-based products, including a Smart Digital thermometer, IoT enabled Environmental Monitoring System, and a Multichannel data Acquisition System to boost electronic manufacturing in the country.

However, the healthcare segment is projected to register the highest CAGR during the forecast period.

Have Specific Research Needs? Request a Customized Report-
https://www.meticulousresearch.com/request-customization/cp_id=5738 




Based on geography, the global IoT sensors market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of 41.3% of the IoT sensors market. The Asia-Pacific IoT sensors market is estimated to be worth USD 6.6 billion in 2024. The large market share of this segment is attributed to the surging demand for smart sensor-enabled wearable devices, growing technological advancements in industrial sensors, increasing adoption of industrial robots, the advent of Industry 4.0, and increasing adoption of IoT devices in the manufacturing and healthcare industries. For instance, in July 2020, Yokogawa Electric Corporation (Japan) launched new pressure and temperature sensors for the Sushi Sensor wireless industrial IoT (IIoT) solutions in Europe, North America, and Southeast Asian markets.

The key players operating in the IoT sensors market are Texas Instruments Incorporated (U.S.), TE Connectivity Ltd. (Switzerland), STMicroelectronics N.V. (Switzerland), OMRON Corporation (Japan), Honeywell International Inc. (U.S.), Murata Manufacturing Co., Ltd. (Japan), Bosch Sensortec GmbH (Germany), Analog Devices, Inc. (U.S.), NXP Semiconductors N.V. (Netherlands), Infineon Technologies AG (Germany), Broadcom Inc. (U.S.), and TDK Corporation (Japan).

Browse the In-depth Report- https://www.meticulousresearch.com/product/iot-sensors-market-5738 

Scope of the Report:

IoT Sensors Market Assessment, by Offering

  • Image Sensors
  • Biosensors
  • RFID Sensors
  • Accelerometer Sensors
  • Flow Sensors
  • Pressure Sensors
  • Optical Sensors
  • Humidity Sensors
  • Temperature Sensors
  • Level Sensors
  • Proximity Sensors
  • Gas Sensors
  • Other IoT Sensors

IoT Sensors Market Assessment, by Technology                              

  • Wireless Technology
    • Wi-Fi
    • Bluetooth
    • Zigbee
    • Z-Wave
    • Other Wireless Technologies
  • Wired Technology

IoT Sensors Market Assessment, by Sector                                         

  • Manufacturing
    • Surveillance & Safety
    • Machine Inspection & Maintenance
    • Smart Robotics
    • Production Planning
    • Inventory & Warehouse Management
    • Other Manufacturing Applications
  • Transportation & Logistics
    • Traffic Management
    • Fleet Management
    • Parking Management
    • Telematics
    • Other Transportation & Logistics Applications
  • Retail
    • Customer Experience Management
    • Operations Management
    • Inventory Management
    • Other Retail Applications
  • Healthcare
    • Telehealth/Telemedicine
    • Hospital Operations & Workflow Management
    • Remote Patient Monitoring
    • Medical Devices
    • Other Healthcare Applications
  • Oil & Gas
    • Remote Monitoring
    • Worker Safety & Security
    • Predictive Maintenance
    • Asset Tracking and Management
    • Other Oil & Gas Applications
  • Energy & Utilities
    • Smart Grid Management
    • Predictive Maintenance
    • Asset Management
    • Security And Safety
    • Other Energy & Utility Applications
  • Consumer Electronics
    • Home Automation
    • Smart Wearables
    • Security & Safety
    • Other Consumer Electronics Applications
  • Agriculture
    • Crop Monitoring
    • Livestock Monitoring
    • Smart Irrigation
    • Inventory Management
    • Weather Tracking and Monitoring
    • Other Agricultural Applications
  • Other Sectors

IoT Sensors Market Assessment, by Geography

  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Middle East & Africa
  • Latin America

Unlock Opportunities: Buy Now- https://www.meticulousresearch.com/Checkout/62751812 

Related Reports

Industrial IoT Market by Component (Hardware, Platform, Services, Connectivity), Industry (Agriculture, Manufacturing, Energy & Utilities, Oil & Gas, Aerospace, Retail, Transportation & Logistics, Others), Geography - Global Forecast to 2030  

IoT in Manufacturing Market by Component (Platform, Connectivity), Application (Resource Optimization, Machine Inspection & Maintenance), End User (Automotive, Medical Devices) and Geography - Global Forecast to 2029  

Industrial Automation Sensors Market by Sensor Type (Level Sensors, Flow Sensors), Type (Contact Sensors, Non-contact Sensors), Mode of Automation, End User, and Geography - Global Forecast to 2029  

Wearable Medical Devices Market by Type (Smart Watch, Activity Monitor, Patch), Application (Monitoring {Glucose, BP, Sleep, RPM}, Therapeutic {Pain, Rehabilitation, Insulin), Grade (Consumer, Medical), Distribution Channel – Global Forecast to 2030  

Automotive Powertrain Sensors Market by Type (Temperature, Position, Exhaust, Pressure, Speed, Knock), Powertrain Subsystems (Engine Management, Transmission Management, Power Steering), and Vehicle Type (ICE, HV, EV) - Global Forecast to 2030

Smart Factory Market by Component (Solutions, Services, Technologies), Sector (Automotive, Heavy Machinery & Tools, Aerospace & Defense, Metals & Mining, Electronics & Semiconductors, Pharmaceuticals), and Geography - Global Forecast to 2030

Related Blogs:

Top 10 Companies in IoT Sensors Market

Increasing Integration of IoT Sensors into Connected and Wearable Devices Supporting Market Growth

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe: +44-203-868-8738
APAC: +91 744-7780008
Email- [email protected]
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Content Source: https://www.meticulousresearch.com/pressrelease/972/iot-sensors-market-2031

Logo: https://mma.prnewswire.com/media/1757980/Meticulous_Research_Logo_1.jpg

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/iot-sensors-market-to-be-worth-71-6-billion-by-2031--exclusive-report-by-meticulous-research-302147840.html


[ Back To Mobile World Congress's Homepage ]




Technology Marketing Corporation

2 Trap Falls Road Suite 106, Shelton, CT 06484 USA
Ph: +1-203-852-6800, 800-243-6002

General comments: [email protected].
Comments about this site: [email protected].

STAY CURRENT YOUR WAY

© 2024 Technology Marketing Corporation. All rights reserved | Privacy Policy