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Global IoT Sensor Market: By Type: Temperature, Flow, Pressure, Others; By Application: Industrial, Automotive, Building Automation, Healthcare, Security, Retail and Logistics, Agriculture, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global IoT Sensor Market Outlook

The global IoT sensor market stood at a value of around USD 9.45 billion in 2021. The market is further expected to grow at a CAGR of 25.30% in the forecast period of 2022-2027 to attain a value of USD 36.59 billion by 2027.

 

Increased Demand for Sensors in the Automotive Industry to Bolster the Global Market for IoT Sensors

Based on application, the automotive segment is anticipated to possess a considerable market share in the IoT sensor industry. This can be attributed to the rising consumer demand for automobiles and the growing technological advancements. In addition, the increased demand for connected vehicle solutions to provide improved connectivity with compatible smart devices for in-vehicle infotainment is anticipated to aid the market growth.

 

Global IoT Sensor Market

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Moreover, the growing demand for improved safety mechanisms is also leading to the increased adoption of IoT sensor-based systems. For instance, advanced driver assistance systems (ADAS) offer ease of parking and notify the driver of any oncoming obstacles, especially in the blind spots. These factors are predicted to aid the market growth in the forecast period.

 

North America to Generate Profitable Growth Opportunities for the Global IoT Sensor Industry

North America is projected to possess a healthy share of the IoT sensor industry in the forecast period. This growth can be attributed to the presence of the leading market players in the region. Additionally, the increased adoption of IoT sensors across industries in the region is projected to contribute to the market growth. Furthermore, increased adoption of wearable devices by consumers, such as smartwatches, is also anticipated to add to the market growth in the forecast period.

 

IoT Sensor: Industry Definition and Segmentation

IoT sensors are devices that help detect external information and replace it with signals that can be understood and distinguished by humans and machines. Sensors can measure physical phenomenon such as pressure or temperature and transform it into electric signals. These are used in a variety of devices such as thermometers, pressure sensors, motion sensors, and gas sensors, among others.

By type, the market is divided into:

  • Temperature 
  • Flow 
  • Pressure 
  • Others

Based on application, the market can be categorised into:

  • Industrial 
  • Automotive
  • Building Automation 
  • Healthcare
  • Security 
  • Retail and Logistics
  • Agriculture 
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rapid Digitalisation and Heightened Adoption of IoT Sensors Across Industry Verticals to Bolster the Growth of the Global IoT Sensor Industry

The rapid digitalisation and the rising demand for IoT sensors across industries, owing to its multifaceted application potential, are projected to augment the industry growth in the forecast period. For instance, the use of IoT sensors in industrial machinery and connected automobiles is witnessing a surge. In addition, IoT sensors also find increased usage in home security and smart devices such as wireless security networks and smart speakers. Moreover, the increased demand for wearable devices that help monitor physical health, such as heart rate, oxygen levels, and calorie consumption, among others, fuelled by the rising disposable incomes and growing health consciousness, is anticipated to aid the market growth in the forecast period. Furthermore, rapid technological advancements are also predicted to positively impact the industry growth.

 

Key Industry Players in the Global IoT Sensor Market

The report gives a detailed analysis of the following key players in the global IoT sensor market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • ABB Ltd
  • Texas Instruments Incorporated
  • TE Connectivity
  • Schneider Electric SE
  • Omron Corporation
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Region
Breakup by Type Temperature, Flow, Pressure, Others
Breakup by Application Industrial, Automotive, Building Automation, Healthcare, Security, Retail and Logistics, Agriculture, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered ABB Ltd, Texas Instruments Incorporated, TE Connectivity, Schneider Electric SE, Omron Corporation, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface 
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global IoT Sensor Market Analysis

    8.1    Key Industry Highlights
    8.2    Global IoT Sensor Historical Market (2017-2021) 
    8.3    Global IoT Sensor Market Forecast (2022-2027)
    8.4    Global IoT Sensor Market by Type
        8.4.1    Temperature
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Flow
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Pressure
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027) 
        8.4.4    Others
    8.5    Global IoT Sensor Market by Application
        8.5.1    Industrial
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Automotive
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Building Automation
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Healthcare
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Security
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2017-2021)
            8.5.5.3    Forecast Trend (2022-2027)
        8.5.6    Retail and Logistics
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2017-2021)
            8.5.6.3    Forecast Trend (2022-2027)
        8.5.7    Agriculture
            8.5.7.1    Market Share
            8.5.7.2    Historical Trend (2017-2021)
            8.5.7.3    Forecast Trend (2022-2027)
        8.5.8    Others
    8.6    Global IoT Sensor Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    ABB Ltd
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Texas Instruments Incorporated
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    TE Connectivity
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Schneider Electric SE
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Omron Corporation
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global IoT Sensor Market: Key Industry Highlights, 2017 and 2027
2.    Global IoT Sensor Historical Market: Breakup by Type (USD Billion), 2017-2021
3.    Global IoT Sensor Market Forecast: Breakup by Type (USD Billion), 2022-2027
4.    Global IoT Sensor Historical Market: Breakup by Application (USD Billion), 2017-2021
5.    Global IoT Sensor Market Forecast: Breakup by Application (USD Billion), 2022-2027
6.    Global IoT Sensor Historical Market: Breakup by Region (USD Billion), 2017-2021
7.    Global IoT Sensor Market Forecast: Breakup by Region (USD Billion), 2022-2027
8.    North America IoT Sensor Historical Market: Breakup by Country (USD Billion), 2017-2021
9.    North America IoT Sensor Market Forecast: Breakup by Country (USD Billion), 2022-2027
10.    Europe IoT Sensor Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    Europe IoT Sensor Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Asia Pacific IoT Sensor Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Asia Pacific IoT Sensor Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Latin America IoT Sensor Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Latin America IoT Sensor Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Middle East and Africa IoT Sensor Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Middle East and Africa IoT Sensor Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Global IoT Sensor Market Structure

Key Questions Answered in the Report

In 2021, the global IoT sensor market attained a value of nearly USD 9.45 billion.

The market is projected to grow at a CAGR of 25.30% between 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 36.59 billion by 2027.

The major drivers of the industry, such as the increased demand for IoT sensors across industry verticals, rising demand in the automotive sector, rising disposable incomes, improved living standards, and rising investments by the leading market players in the research and development of sensor technology, are expected to aid the market growth.

The key market trends guiding the growth of the industry include the rapid digitalisation and the heightened demand for wearable and smart devices.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The significant product types include temperature, flow, pressure, and other IoT sensors.

The significant applications of the product include industrial, automotive, building automation, healthcare, security, retail and logistics, agriculture, and others.

The major players in the industry are ABB Ltd, Texas Instruments Incorporated, TE Connectivity, Schneider Electric SE, Omron Corporation, and others.

Analyst Review

The global IoT sensor market attained a value of USD 9.45 billion in 2021, driven by the increased demand for IoT sensors across different industry verticals. Aided by the rapid digitalisation, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 25.30%. The market is projected to reach USD 36.59 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the market can be distributed into temperature, flow, pressure, and others. On the basis of application, the industry can be segregated into industrial, automotive, building automation, healthcare, security, retail and logistics, agriculture, and others. The major regional markets for IoT sensor are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include ABB Ltd, Texas Instruments Incorporated, TE Connectivity, Schneider Electric SE, Omron Corporation, and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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